AlphaQuest LLC Acquires 45,534 Shares of Texas Capital Bancshares, Inc. $TCBI

AlphaQuest LLC boosted its holdings in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 866.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 50,787 shares of the bank’s stock after purchasing an additional 45,534 shares during the quarter. AlphaQuest LLC owned about 0.11% of Texas Capital Bancshares worth $4,293,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TCBI. Norges Bank acquired a new position in shares of Texas Capital Bancshares during the second quarter worth approximately $45,364,000. Azora Capital LP increased its position in Texas Capital Bancshares by 141.3% during the second quarter. Azora Capital LP now owns 930,014 shares of the bank’s stock worth $73,843,000 after acquiring an additional 544,590 shares during the period. SG Americas Securities LLC increased its position in Texas Capital Bancshares by 2,461.3% during the third quarter. SG Americas Securities LLC now owns 132,934 shares of the bank’s stock worth $11,237,000 after acquiring an additional 127,744 shares during the period. AQR Capital Management LLC boosted its holdings in Texas Capital Bancshares by 7.1% in the 2nd quarter. AQR Capital Management LLC now owns 1,534,446 shares of the bank’s stock valued at $121,636,000 after purchasing an additional 101,675 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in Texas Capital Bancshares by 69.8% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 234,762 shares of the bank’s stock valued at $18,640,000 after purchasing an additional 96,525 shares during the period. Institutional investors and hedge funds own 96.88% of the company’s stock.

Insider Buying and Selling at Texas Capital Bancshares

In other news, Director Laura L. Whitley bought 500 shares of the stock in a transaction dated Monday, January 26th. The shares were acquired at an average price of $97.51 per share, with a total value of $48,755.00. Following the acquisition, the director owned 7,961 shares in the company, valued at $776,277.11. This trade represents a 6.70% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Robert W. Stallings purchased 2,000 shares of the business’s stock in a transaction that occurred on Friday, January 23rd. The shares were purchased at an average cost of $20.91 per share, with a total value of $41,820.00. Following the completion of the acquisition, the director directly owned 277,913 shares in the company, valued at $5,811,160.83. The trade was a 0.72% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought a total of 3,000 shares of company stock worth $139,355 in the last 90 days. 1.72% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Keefe, Bruyette & Woods upped their price objective on shares of Texas Capital Bancshares from $98.00 to $100.00 and gave the company an “outperform” rating in a research report on Monday, October 27th. Piper Sandler boosted their price target on Texas Capital Bancshares from $86.00 to $96.00 and gave the company a “neutral” rating in a research note on Friday, January 23rd. Weiss Ratings raised Texas Capital Bancshares from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, October 31st. DA Davidson lifted their price objective on Texas Capital Bancshares from $94.00 to $104.00 and gave the stock a “neutral” rating in a report on Friday, January 23rd. Finally, TD Cowen boosted their price objective on Texas Capital Bancshares from $103.00 to $110.00 and gave the company a “hold” rating in a research report on Monday. Four research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $101.17.

Texas Capital Bancshares Trading Up 2.2%

TCBI stock opened at $101.03 on Friday. Texas Capital Bancshares, Inc. has a 1-year low of $59.37 and a 1-year high of $105.36. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.19. The business’s 50 day moving average is $94.56 and its 200-day moving average is $88.28. The firm has a market cap of $4.61 billion, a P/E ratio of 14.86, a P/E/G ratio of 0.48 and a beta of 0.67.

Texas Capital Bancshares (NASDAQ:TCBI) last announced its quarterly earnings results on Thursday, January 22nd. The bank reported $2.08 EPS for the quarter, beating the consensus estimate of $1.78 by $0.30. Texas Capital Bancshares had a return on equity of 10.05% and a net margin of 16.52%.The business had revenue of $327.48 million for the quarter, compared to analyst estimates of $324.09 million. During the same quarter in the previous year, the firm earned $1.43 EPS. Equities analysts anticipate that Texas Capital Bancshares, Inc. will post 5.84 earnings per share for the current fiscal year.

Texas Capital Bancshares Company Profile

Texas Capital Bancshares, Inc is a bank holding company headquartered in Dallas, Texas, operating through its wholly owned subsidiary, Texas Capital Bank. The company specializes in providing commercial banking services to middle-market companies, entrepreneurs, professional service firms, real estate developers, and not-for-profit organizations. Its broad range of offerings includes commercial lending, treasury and cash management, real estate finance, equipment finance, and energy lending, all designed to address the unique financial needs of businesses navigating growth and market challenges.

In addition to its core commercial banking capabilities, Texas Capital Bancshares delivers private banking and wealth management services for business owners and high-net-worth individuals.