Hsbc Holdings PLC Makes New $938,000 Investment in Texas Capital Bancshares, Inc. $TCBI

Hsbc Holdings PLC purchased a new position in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 9,900 shares of the bank’s stock, valued at approximately $938,000.

Other large investors have also made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Texas Capital Bancshares by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,603 shares of the bank’s stock worth $2,062,000 after purchasing an additional 1,206 shares in the last quarter. Goldman Sachs Group Inc. increased its position in Texas Capital Bancshares by 3.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 560,070 shares of the bank’s stock valued at $41,837,000 after buying an additional 20,231 shares in the last quarter. United Services Automobile Association acquired a new position in Texas Capital Bancshares during the 1st quarter valued at about $230,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Texas Capital Bancshares by 29.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 107,761 shares of the bank’s stock valued at $8,050,000 after buying an additional 24,538 shares during the last quarter. Finally, Invesco Ltd. raised its stake in Texas Capital Bancshares by 34.0% in the second quarter. Invesco Ltd. now owns 149,559 shares of the bank’s stock valued at $11,875,000 after buying an additional 37,982 shares during the last quarter. 96.88% of the stock is owned by institutional investors and hedge funds.

Texas Capital Bancshares Stock Down 0.3%

Shares of TCBI stock opened at $98.42 on Thursday. Texas Capital Bancshares, Inc. has a twelve month low of $75.41 and a twelve month high of $108.92. The stock has a market cap of $4.28 billion, a P/E ratio of 12.80, a P/E/G ratio of 1.46 and a beta of 0.67. The stock has a 50 day moving average of $101.37 and a 200 day moving average of $99.60. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.15.

Texas Capital Bancshares (NASDAQ:TCBI) last released its quarterly earnings data on Wednesday, July 22nd. The bank reported $1.88 EPS for the quarter, topping the consensus estimate of $1.87 by $0.01. The business had revenue of $335.50 million for the quarter, compared to analyst estimates of $333.37 million. Texas Capital Bancshares had a return on equity of 10.86% and a net margin of 17.90%.The business’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.63 EPS. As a group, sell-side analysts expect that Texas Capital Bancshares, Inc. will post 7.33 EPS for the current year.

Texas Capital Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.80 dividend on an annualized basis and a yield of 0.8%. Texas Capital Bancshares’s dividend payout ratio is 10.40%.

Insider Buying and Selling

In other Texas Capital Bancshares news, insider Ellen Detrich sold 2,045 shares of Texas Capital Bancshares stock in a transaction on Friday, July 24th. The shares were sold at an average price of $100.03, for a total value of $204,561.35. Following the completion of the transaction, the insider owned 7,529 shares of the company’s stock, valued at approximately $753,125.87. The trade was a 21.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Rob C. Holmes sold 49,500 shares of the company’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $101.22, for a total transaction of $5,010,390.00. Following the completion of the transaction, the chief executive officer owned 167,635 shares of the company’s stock, valued at approximately $16,968,014.70. This trade represents a 22.80% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 104,145 shares of company stock valued at $10,570,584. Corporate insiders own 1.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on TCBI shares. Royal Bank Of Canada raised their price target on Texas Capital Bancshares from $110.00 to $114.00 and gave the stock a “sector perform” rating in a report on Friday, April 24th. TD Cowen cut their price objective on shares of Texas Capital Bancshares from $109.00 to $106.00 and set a “hold” rating on the stock in a report on Monday. JPMorgan Chase & Co. increased their price objective on shares of Texas Capital Bancshares from $105.00 to $110.00 and gave the company an “underweight” rating in a research report on Wednesday, July 1st. Citigroup lifted their target price on shares of Texas Capital Bancshares from $105.00 to $107.00 and gave the stock a “neutral” rating in a research note on Friday, July 24th. Finally, Stephens dropped their target price on shares of Texas Capital Bancshares from $116.00 to $112.00 and set an “overweight” rating on the stock in a research report on Thursday, July 23rd. Four research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $105.83.

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.