201,422 Shares in Texas Capital Bancshares, Inc. $TCBI Purchased by William Blair Investment Management LLC

William Blair Investment Management LLC purchased a new position in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) in the second quarter, Holdings Channel reports. The fund purchased 201,422 shares of the bank’s stock, valued at approximately $20,799,000.

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

Texas Capital Bancshares Stock Performance

NASDAQ TCBI opened at $98.30 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.00 and a quick ratio of 1.00. The stock’s 50 day simple moving average is $101.32 and its 200-day simple moving average is $99.76. The company has a market cap of $4.27 billion, a PE ratio of 12.78, a price-to-earnings-growth ratio of 1.20 and a beta of 0.68. Texas Capital Bancshares, Inc. has a 1-year low of $75.41 and a 1-year 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 firm had revenue of $335.50 million during the quarter, compared to analysts’ expectations of $333.37 million. During the same period in the previous year, the business earned $1.63 earnings per share. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. As a group, equities research analysts anticipate that Texas Capital Bancshares, Inc. will post 7.39 EPS for the current fiscal year.

Texas Capital Bancshares Dividend Announcement

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

Insider Transactions at Texas Capital Bancshares

In other news, CEO Rob C. Holmes sold 49,500 shares of the firm’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $101.22, for a total value of $5,010,390.00. Following the transaction, the chief executive officer directly 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 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 $753,125.87. The trade was a 21.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 104,145 shares of company stock valued at $10,570,584 over the last 90 days. 1.91% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms recently issued reports on TCBI. Stephens dropped their price target on shares of Texas Capital Bancshares from $116.00 to $112.00 and set an “overweight” rating on the stock in a research note on Thursday, July 23rd. Weiss Ratings restated a “buy (b)” rating on shares of Texas Capital Bancshares in a research report on Monday, July 6th. Wall Street Zen downgraded shares of Texas Capital Bancshares from a “hold” rating to a “sell” rating in a report on Saturday, June 27th. JPMorgan Chase & Co. lifted their target price 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. Finally, Fundamental Research set a $110.00 target price on shares of Texas Capital Bancshares in a research note on Wednesday, July 1st. Four research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Texas Capital Bancshares has an average rating of “Hold” and a consensus target price 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.