Texas Capital Bank Wealth Management Services Inc Acquires New Shares in Texas Capital Bancshares, Inc. $TCBI

Texas Capital Bank Wealth Management Services Inc bought a new position in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 286,782 shares of the bank’s stock, valued at approximately $29,613,000. Texas Capital Bancshares comprises 1.6% of Texas Capital Bank Wealth Management Services Inc’s holdings, making the stock its 8th biggest position.

Other institutional investors also recently bought and sold shares of the company. Danske Bank A S acquired a new stake in shares of Texas Capital Bancshares in the third quarter worth about $25,000. Farther Finance Advisors LLC increased its holdings in shares of Texas Capital Bancshares by 1,381.8% during the 4th quarter. Farther Finance Advisors LLC now owns 326 shares of the bank’s stock valued at $30,000 after acquiring an additional 304 shares during the last quarter. Root Financial Partners LLC raised its stake in shares of Texas Capital Bancshares by 85.2% in the 1st quarter. Root Financial Partners LLC now owns 326 shares of the bank’s stock valued at $31,000 after acquiring an additional 150 shares in the last quarter. Advisory Services Network LLC bought a new position in shares of Texas Capital Bancshares in the 3rd quarter valued at approximately $32,000. Finally, Eurizon Capital SGR S.p.A. acquired a new stake in Texas Capital Bancshares in the 4th quarter worth approximately $36,000. 96.88% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Texas Capital Bancshares

In other Texas Capital Bancshares news, insider Anna M. Alvarado sold 3,500 shares of the firm’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $100.95, for a total value of $353,325.00. Following the sale, the insider directly owned 23,810 shares in the company, valued at $2,403,619.50. This trade represents a 12.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Ellen Detrich sold 2,045 shares of the business’s stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $100.03, for a total transaction of $204,561.35. Following the transaction, the insider owned 7,529 shares in the company, valued at approximately $753,125.87. The trade was a 21.36% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 104,145 shares of company stock valued at $10,570,584 in the last ninety days. Company insiders own 1.91% of the company’s stock.

Texas Capital Bancshares Price Performance

Shares of NASDAQ:TCBI opened at $101.09 on Tuesday. The company has a market cap of $4.39 billion, a price-to-earnings ratio of 13.15, a PEG ratio of 1.23 and a beta of 0.68. The business has a 50 day moving average price of $101.49 and a 200 day moving average price of $99.80. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.15. Texas Capital Bancshares, Inc. has a twelve month low of $75.41 and a twelve month high of $108.92.

Texas Capital Bancshares (NASDAQ:TCBI) last issued its quarterly earnings results on Wednesday, July 22nd. The bank reported $1.88 EPS for the quarter, topping the consensus estimate of $1.87 by $0.01. Texas Capital Bancshares had a return on equity of 10.86% and a net margin of 17.90%.The company had revenue of $335.50 million for the quarter, compared to the consensus estimate of $333.37 million. During the same period in the previous year, the business posted $1.63 EPS. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. Research analysts predict that Texas Capital Bancshares, Inc. will post 7.39 earnings per share for the current year.

Texas Capital Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be issued a $0.20 dividend. 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%.

Analysts Set New Price Targets

TCBI has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upped their target price on Texas Capital Bancshares from $105.00 to $110.00 and gave the stock an “underweight” rating in a research report on Wednesday, July 1st. Weiss Ratings reissued a “buy (b)” rating on shares of Texas Capital Bancshares in a research report on Monday, July 6th. Fundamental Research set a $110.00 price objective on shares of Texas Capital Bancshares in a research note on Wednesday, July 1st. Wall Street Zen downgraded shares of Texas Capital Bancshares from a “hold” rating to a “sell” rating in a report on Saturday, June 27th. Finally, Barclays upgraded shares of Texas Capital Bancshares from an “underweight” rating to an “equal weight” rating and set a $100.00 target price on the stock in a research note on Monday, August 3rd. Four analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $105.83.

About Texas Capital Bancshares

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.