Texas Capital Bancshares, Inc. $TCBI Shares Acquired by Algert Global LLC

Algert Global LLC lifted its holdings in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 731.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 294,840 shares of the bank’s stock after purchasing an additional 259,380 shares during the period. Texas Capital Bancshares comprises about 0.4% of Algert Global LLC’s portfolio, making the stock its 20th largest holding. Algert Global LLC owned 0.65% of Texas Capital Bancshares worth $24,923,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Cullen Frost Bankers Inc. purchased a new stake in shares of Texas Capital Bancshares in the third quarter valued at approximately $39,000. True Wealth Design LLC grew its stake in Texas Capital Bancshares by 106.8% in the 3rd quarter. True Wealth Design LLC now owns 643 shares of the bank’s stock valued at $54,000 after acquiring an additional 332 shares during the period. EverSource Wealth Advisors LLC increased its holdings in Texas Capital Bancshares by 452.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 746 shares of the bank’s stock worth $59,000 after acquiring an additional 611 shares in the last quarter. Quent Capital LLC purchased a new stake in Texas Capital Bancshares in the 3rd quarter worth $60,000. Finally, GAMMA Investing LLC raised its position in Texas Capital Bancshares by 10.0% during the third quarter. GAMMA Investing LLC now owns 1,332 shares of the bank’s stock worth $113,000 after acquiring an additional 121 shares during the period. Institutional investors and hedge funds own 96.88% of the company’s stock.

Insider Buying and Selling

In other news, Director Laura L. Whitley purchased 500 shares of the company’s stock in a transaction dated Monday, January 26th. The stock was acquired at an average price of $97.51 per share, with a total value of $48,755.00. Following the purchase, the director directly owned 7,961 shares in the company, valued at approximately $776,277.11. This represents a 6.70% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Paola M. Arbour purchased 1,000 shares of the business’s stock in a transaction dated Wednesday, March 11th. The shares were purchased at an average price of $91.50 per share, with a total value of $91,500.00. Following the acquisition, the director directly owned 6,671 shares in the company, valued at approximately $610,396.50. The trade was a 17.63% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders bought 49,500 shares of company stock worth $1,252,855. Insiders own 1.72% of the company’s stock.

Texas Capital Bancshares Trading Up 0.2%

Shares of Texas Capital Bancshares stock opened at $92.52 on Friday. The stock has a market cap of $4.09 billion, a P/E ratio of 13.61, a P/E/G ratio of 0.45 and a beta of 0.66. The stock’s 50 day simple moving average is $98.85 and its 200-day simple moving average is $91.51. Texas Capital Bancshares, Inc. has a 1-year low of $59.37 and a 1-year high of $108.92. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.00 and a quick ratio of 1.00.

Texas Capital Bancshares (NASDAQ:TCBI) last announced its quarterly earnings data on Thursday, January 22nd. The bank reported $2.08 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $327.48 million for the quarter, compared to the consensus estimate of $324.09 million. During the same quarter last year, the business posted $1.43 earnings per share. Analysts predict that Texas Capital Bancshares, Inc. will post 5.84 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of Texas Capital Bancshares in a research report on Wednesday, January 28th. DA Davidson raised their price target on shares of Texas Capital Bancshares from $94.00 to $104.00 and gave the company a “neutral” rating in a research note on Friday, January 23rd. Zacks Research upgraded Texas Capital Bancshares from a “hold” rating to a “strong-buy” rating in a report on Monday, February 2nd. Raymond James Financial boosted their price objective on Texas Capital Bancshares from $98.00 to $105.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 7th. Finally, Citigroup increased their target price on Texas Capital Bancshares from $75.00 to $88.00 and gave the company a “sell” rating in a report on Monday, January 26th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, six have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $101.17.

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.