Fieldview Capital Management LLC Has $2.39 Million Position in Texas Capital Bancshares, Inc. $TCBI

Fieldview Capital Management LLC raised its stake in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 153.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 28,236 shares of the bank’s stock after acquiring an additional 17,107 shares during the quarter. Fieldview Capital Management LLC owned approximately 0.06% of Texas Capital Bancshares worth $2,387,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. AQR Capital Management LLC increased its position in shares of Texas Capital Bancshares by 7.1% during the 2nd quarter. AQR Capital Management LLC now owns 1,534,446 shares of the bank’s stock worth $121,636,000 after purchasing an additional 101,675 shares in the last quarter. Azora Capital LP boosted its position in Texas Capital Bancshares by 141.3% in the second quarter. Azora Capital LP now owns 930,014 shares of the bank’s stock valued at $73,843,000 after buying an additional 544,590 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in Texas Capital Bancshares by 0.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 829,325 shares of the bank’s stock valued at $70,103,000 after buying an additional 3,522 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Texas Capital Bancshares by 12.3% during the second quarter. Bank of New York Mellon Corp now owns 657,626 shares of the bank’s stock worth $52,216,000 after buying an additional 71,774 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Texas Capital Bancshares during the second quarter worth approximately $45,364,000. Institutional investors and hedge funds own 96.88% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Royal Bank Of Canada lifted their target price on shares of Texas Capital Bancshares from $105.00 to $110.00 and gave the company a “sector perform” rating in a research note on Friday, January 23rd. Barclays raised their price target on Texas Capital Bancshares from $90.00 to $100.00 and gave the company an “underweight” rating in a report on Friday, January 23rd. Citigroup lifted their price objective on Texas Capital Bancshares from $75.00 to $88.00 and gave the company a “sell” rating in a research report on Monday, January 26th. Zacks Research raised Texas Capital Bancshares from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 2nd. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Texas Capital Bancshares in a report on Wednesday, January 28th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Texas Capital Bancshares currently has an average rating of “Hold” and a consensus target price of $101.17.

Texas Capital Bancshares Price Performance

TCBI opened at $91.90 on Monday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a market capitalization of $4.06 billion, a P/E ratio of 13.51, a price-to-earnings-growth ratio of 0.44 and a beta of 0.66. The company’s 50 day simple moving average is $98.80 and its 200-day simple moving average is $91.33. Texas Capital Bancshares, Inc. has a one year low of $59.37 and a one year high of $108.92.

Texas Capital Bancshares (NASDAQ:TCBI) last posted its quarterly earnings data on Thursday, January 22nd. The bank reported $2.08 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.30. Texas Capital Bancshares had a net margin of 16.52% and a return on equity of 10.05%. The firm had revenue of $327.48 million during the quarter, compared to analysts’ expectations of $324.09 million. During the same quarter in the previous year, the company posted $1.43 EPS. Sell-side analysts anticipate that Texas Capital Bancshares, Inc. will post 5.84 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Robert W. Stallings bought 20,000 shares of the company’s stock in a transaction dated Monday, February 23rd. The stock was bought at an average price of $22.14 per share, for a total transaction of $442,800.00. Following the completion of the transaction, the director directly owned 335,913 shares in the company, valued at $7,437,113.82. The trade was a 6.33% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Laura L. Whitley purchased 500 shares of the business’s stock in a transaction dated Monday, January 26th. The shares were purchased at an average cost of $97.51 per share, for a total transaction of $48,755.00. Following the purchase, the director directly owned 7,961 shares of the company’s stock, valued at $776,277.11. This trade represents a 6.70% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last 90 days, insiders have bought 23,000 shares of company stock valued at $582,155. 1.72% of the stock is currently owned by corporate insiders.

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.