Capital Fund Management S.A. Acquires Shares of 19,139 Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Capital Fund Management S.A. bought a new position in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 19,139 shares of the bank’s stock, valued at approximately $1,497,000.

Several other hedge funds and other institutional investors have also modified their holdings of TCBI. FMR LLC raised its holdings in Texas Capital Bancshares by 28.9% in the 3rd quarter. FMR LLC now owns 4,167 shares of the bank’s stock valued at $298,000 after acquiring an additional 935 shares during the period. HighTower Advisors LLC boosted its stake in Texas Capital Bancshares by 13.5% in the 3rd quarter. HighTower Advisors LLC now owns 12,608 shares of the bank’s stock valued at $902,000 after purchasing an additional 1,497 shares during the period. XTX Topco Ltd acquired a new stake in shares of Texas Capital Bancshares during the third quarter worth $362,000. Barclays PLC boosted its position in shares of Texas Capital Bancshares by 19.6% in the third quarter. Barclays PLC now owns 108,950 shares of the bank’s stock valued at $7,786,000 after acquiring an additional 17,863 shares during the period. Finally, M&T Bank Corp grew its stake in shares of Texas Capital Bancshares by 6.8% in the third quarter. M&T Bank Corp now owns 4,946 shares of the bank’s stock valued at $353,000 after acquiring an additional 316 shares in the last quarter. Institutional investors own 96.88% of the company’s stock.

Insider Buying and Selling

In other news, Director Robert W. Stallings bought 7,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 4th. The shares were acquired at an average price of $20.43 per share, for a total transaction of $143,010.00. Following the completion of the acquisition, the director now directly owns 49,500 shares in the company, valued at approximately $1,011,285. This represents a 16.47 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders purchased a total of 29,402 shares of company stock valued at $653,787 in the last three months. Insiders own 1.72% of the company’s stock.

Texas Capital Bancshares Stock Up 1.2 %

Shares of NASDAQ TCBI opened at $64.21 on Wednesday. The company has a market cap of $2.96 billion, a price-to-earnings ratio of 50.16, a PEG ratio of 0.75 and a beta of 0.74. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.22. The stock has a 50-day moving average price of $74.29 and a two-hundred day moving average price of $78.16. Texas Capital Bancshares, Inc. has a 12 month low of $54.68 and a 12 month high of $91.80.

Texas Capital Bancshares (NASDAQ:TCBI) last announced its quarterly earnings results on Thursday, January 23rd. The bank reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.36. Texas Capital Bancshares had a return on equity of 9.14% and a net margin of 3.99%. As a group, analysts forecast that Texas Capital Bancshares, Inc. will post 5.84 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have weighed in on TCBI. Barclays dropped their price objective on shares of Texas Capital Bancshares from $73.00 to $70.00 and set an “underweight” rating for the company in a research note on Tuesday, April 8th. JPMorgan Chase & Co. cut their price target on Texas Capital Bancshares from $81.00 to $80.00 and set an “underweight” rating for the company in a research note on Friday, January 24th. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $95.00 price target (down previously from $100.00) on shares of Texas Capital Bancshares in a research report on Wednesday, January 29th. StockNews.com upgraded Texas Capital Bancshares from a “sell” rating to a “hold” rating in a research report on Friday, January 31st. Finally, Stephens decreased their price target on Texas Capital Bancshares from $102.00 to $97.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 28th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $80.36.

About Texas Capital Bancshares

Texas Capital Bancshares, Inc operates as the bank holding company for Texas Capital Bank, is a full-service financial services firm that delivers customized solutions to businesses, entrepreneurs, and individual customers. The company offers commercial banking; consumer banking; investment banking solutions, including capital markets, mergers and acquisitions, and syndicated finance, as well as financial sponsor coverage, capital solutions, and institutional services; and wealth management services, such as investment management, financial planning, lockbox and insurance, securities-based lending, estate planning, and business succession, as well as philanthropic, trustee and executor, custom credit, and depository services.