Texas Capital Bancshares, Inc. $TCBI Shares Bought by ArrowMark Colorado Holdings LLC

ArrowMark Colorado Holdings LLC grew its holdings in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 30.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 177,000 shares of the bank’s stock after purchasing an additional 41,000 shares during the period. ArrowMark Colorado Holdings LLC owned approximately 0.39% of Texas Capital Bancshares worth $14,962,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. Norges Bank bought a new stake in shares of Texas Capital Bancshares in the 2nd quarter worth approximately $45,364,000. Azora Capital LP boosted its holdings 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 buying an additional 544,590 shares in the last quarter. AQR Capital Management LLC boosted its holdings in Texas Capital Bancshares by 25.1% during the third quarter. AQR Capital Management LLC now owns 1,919,194 shares of the bank’s stock worth $162,229,000 after buying an additional 384,748 shares in the last quarter. Balyasny Asset Management L.P. grew its position in Texas Capital Bancshares by 2,707.2% in the third quarter. Balyasny Asset Management L.P. now owns 348,936 shares of the bank’s stock worth $29,496,000 after buying an additional 336,506 shares during the last quarter. Finally, Algert Global LLC grew its position in Texas Capital Bancshares by 731.5% in the third quarter. Algert Global LLC now owns 294,840 shares of the bank’s stock worth $24,923,000 after buying an additional 259,380 shares during the last quarter. Institutional investors and hedge funds own 96.88% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. JPMorgan Chase & Co. increased their price objective on Texas Capital Bancshares from $92.00 to $105.00 and gave the company an “underweight” rating in a research report on Tuesday, December 16th. Weiss Ratings restated a “buy (b-)” rating on shares of Texas Capital Bancshares in a report on Wednesday, January 28th. Raymond James Financial boosted their target price on Texas Capital Bancshares from $98.00 to $105.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 7th. Stephens upped their target price on Texas Capital Bancshares from $111.00 to $114.00 and gave the company an “overweight” rating in a report on Friday, January 23rd. Finally, Piper Sandler increased their price target on Texas Capital Bancshares from $86.00 to $96.00 and gave the company a “neutral” rating in a research report on Friday, January 23rd. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $101.17.

Insider Buying and Selling

In other news, Director Robert W. Stallings acquired 5,500 shares of the business’s stock in a transaction that occurred on Friday, March 6th. The stock was acquired at an average cost of $22.80 per share, for a total transaction of $125,400.00. Following the completion of the acquisition, the director owned 175,087 shares in the company, valued at approximately $3,991,983.60. The trade was a 3.24% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Paola M. Arbour acquired 1,000 shares of Texas Capital Bancshares stock in a transaction that occurred on Wednesday, March 11th. The shares were purchased at an average cost of $91.50 per share, with a total value of $91,500.00. Following the transaction, the director owned 6,671 shares of the company’s stock, valued at approximately $610,396.50. The trade was a 17.63% increase in their position. 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. Corporate insiders own 1.72% of the company’s stock.

Texas Capital Bancshares Stock Performance

Shares of TCBI opened at $92.52 on Friday. The company has a market capitalization of $4.09 billion, a PE ratio of 13.61, a PEG ratio of 0.45 and a beta of 0.66. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.00 and a current ratio of 1.00. The company’s 50 day moving average price is $98.85 and its 200 day moving average price is $91.51. Texas Capital Bancshares, Inc. has a 52 week low of $59.37 and a 52 week high of $108.92.

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

Texas Capital Bancshares 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.