Trexquant Investment LP Acquires Shares of 52,639 Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Trexquant Investment LP bought a new position in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 52,639 shares of the bank’s stock, valued at approximately $3,402,000. Trexquant Investment LP owned 0.11% of Texas Capital Bancshares as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in TCBI. SummerHaven Investment Management LLC boosted its holdings in Texas Capital Bancshares by 1.4% in the 4th quarter. SummerHaven Investment Management LLC now owns 13,134 shares of the bank’s stock valued at $849,000 after purchasing an additional 175 shares in the last quarter. Retirement Systems of Alabama raised its position in Texas Capital Bancshares by 0.3% in the fourth quarter. Retirement Systems of Alabama now owns 60,143 shares of the bank’s stock worth $3,887,000 after acquiring an additional 208 shares in the last quarter. Headlands Technologies LLC lifted its holdings in Texas Capital Bancshares by 41.9% in the fourth quarter. Headlands Technologies LLC now owns 1,613 shares of the bank’s stock valued at $104,000 after acquiring an additional 476 shares during the period. Allspring Global Investments Holdings LLC boosted its position in shares of Texas Capital Bancshares by 22.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,922 shares of the bank’s stock worth $172,000 after purchasing an additional 535 shares in the last quarter. Finally, Rhumbline Advisers grew its stake in shares of Texas Capital Bancshares by 0.4% during the 3rd quarter. Rhumbline Advisers now owns 179,486 shares of the bank’s stock worth $10,572,000 after purchasing an additional 636 shares during the period. Institutional investors and hedge funds own 96.88% of the company’s stock.

Texas Capital Bancshares Stock Down 2.1 %

Shares of NASDAQ:TCBI opened at $58.70 on Friday. The firm has a market cap of $2.74 billion, a PE ratio of 17.79, a price-to-earnings-growth ratio of 1.48 and a beta of 1.17. The company has a fifty day simple moving average of $59.45 and a 200 day simple moving average of $59.60. Texas Capital Bancshares, Inc. has a 12-month low of $46.54 and a 12-month high of $66.18. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.30.

Texas Capital Bancshares (NASDAQ:TCBI) last released its quarterly earnings results on Thursday, April 18th. The bank reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.03. Texas Capital Bancshares had a return on equity of 7.05% and a net margin of 9.66%. The company had revenue of $256.33 million for the quarter, compared to analysts’ expectations of $253.27 million. On average, equities research analysts anticipate that Texas Capital Bancshares, Inc. will post 3.53 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently commented on TCBI. JPMorgan Chase & Co. reduced their price objective on shares of Texas Capital Bancshares from $70.00 to $65.00 and set an “underweight” rating for the company in a research note on Thursday, April 4th. Raymond James lowered Texas Capital Bancshares from a “strong-buy” rating to a “market perform” rating in a research note on Thursday, April 4th. Stephens decreased their target price on Texas Capital Bancshares from $78.00 to $73.00 and set an “overweight” rating on the stock in a research report on Friday, April 19th. Hovde Group cut their price objective on Texas Capital Bancshares from $87.50 to $61.50 and set a “market perform” rating for the company in a research report on Friday, April 19th. Finally, Truist Financial decreased their target price on shares of Texas Capital Bancshares from $66.00 to $61.00 and set a “hold” rating on the stock in a research report on Monday, April 22nd. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $63.58.

Insiders Place Their Bets

In related news, Director Thomas E. Long acquired 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The shares were acquired at an average cost of $58.78 per share, for a total transaction of $117,560.00. Following the completion of the purchase, the director now directly owns 7,542 shares in the company, valued at $443,318.76. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Texas Capital Bancshares news, Director Robert W. Stallings purchased 6,000 shares of the firm’s stock in a transaction on Monday, May 20th. The shares were purchased at an average price of $19.52 per share, for a total transaction of $117,120.00. Following the completion of the transaction, the director now owns 163,706 shares in the company, valued at approximately $3,195,541.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Thomas E. Long acquired 2,000 shares of the business’s stock in a transaction on Tuesday, February 27th. The shares were bought at an average price of $58.78 per share, for a total transaction of $117,560.00. Following the acquisition, the director now owns 7,542 shares in the company, valued at approximately $443,318.76. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 14,004 shares of company stock worth $352,358. 0.99% of the stock is owned by company insiders.

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.