Deutsche Bank AG Invests $4.85 Million in Texas Capital Bancshares, Inc. $TCBI

Deutsche Bank AG purchased a new position in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 46,962 shares of the bank’s stock, valued at approximately $4,849,000.

Other institutional investors have also bought and sold shares of the company. Danske Bank A S purchased a new stake in Texas Capital Bancshares in the third quarter worth $25,000. Farther Finance Advisors LLC lifted its position 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 buying an additional 304 shares during the last quarter. Root Financial Partners LLC grew 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 acquiring an additional 150 shares during the period. Advisory Services Network LLC bought a new position in shares of Texas Capital Bancshares during the 3rd quarter worth $32,000. Finally, Eurizon Capital SGR S.p.A. purchased a new stake in Texas Capital Bancshares in the 4th quarter worth about $36,000. Hedge funds and other institutional investors own 96.88% of the company’s stock.

Texas Capital Bancshares Price Performance

Shares of NASDAQ TCBI opened at $98.59 on Wednesday. The firm has a market capitalization of $4.29 billion, a P/E ratio of 12.82, a P/E/G ratio of 1.19 and a beta of 0.68. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.15. The stock’s 50-day simple moving average is $101.21 and its two-hundred day simple moving average is $99.63. 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $333.37 million. During the same quarter last year, the company posted $1.63 EPS. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. As a group, equities analysts anticipate that Texas Capital Bancshares, Inc. will post 7.39 EPS for the current fiscal year.

Texas Capital Bancshares Announces Dividend

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

Analysts Set New Price Targets

Several equities research analysts have commented on TCBI shares. JPMorgan Chase & Co. upped their price objective on shares of Texas Capital Bancshares from $105.00 to $110.00 and gave the company an “underweight” rating in a report on Wednesday, July 1st. Weiss Ratings reiterated a “buy (b)” rating on shares of Texas Capital Bancshares in a research note on Monday, July 6th. TD Cowen lowered their price target on shares of Texas Capital Bancshares from $109.00 to $106.00 and set a “hold” rating on the stock in a research report on Monday, July 27th. Wall Street Zen cut shares of Texas Capital Bancshares from a “hold” rating to a “sell” rating in a research note on Saturday, June 27th. Finally, Stephens cut their price objective on shares of Texas Capital Bancshares from $116.00 to $112.00 and set an “overweight” rating for the company in a report on Thursday, July 23rd. 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, Texas Capital Bancshares has an average rating of “Hold” and a consensus target price of $105.83.

Insider Buying and Selling at Texas Capital Bancshares

In other news, insider Anna M. Alvarado sold 3,500 shares of the 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 transaction, the insider owned 23,810 shares of the company’s stock, valued at $2,403,619.50. This represents a 12.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Ellen Detrich sold 2,045 shares of Texas Capital Bancshares stock in a transaction on Friday, July 24th. The stock was sold at an average price of $100.03, for a total transaction of $204,561.35. Following the sale, the insider directly owned 7,529 shares of the company’s stock, valued at $753,125.87. This represents a 21.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 104,145 shares of company stock worth $10,570,584 over the last three months. 1.91% of the stock is owned by insiders.

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.