Xact Kapitalforvaltning AB acquired a new position in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 4,723 shares of the bank’s stock, valued at approximately $420,000.
Other large investors have also recently added to or reduced their stakes in the company. Castleark Management LLC bought a new stake in Texas Capital Bancshares in the 4th quarter worth approximately $222,000. Legato Capital Management LLC bought a new stake in Texas Capital Bancshares in the 4th quarter worth approximately $227,000. Zeke Capital Advisors LLC bought a new stake in Texas Capital Bancshares in the 4th quarter worth approximately $228,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Texas Capital Bancshares by 39.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,809 shares of the bank’s stock worth $250,000 after acquiring an additional 791 shares during the last quarter. Finally, Exane Derivatives increased its stake in Texas Capital Bancshares by 78.6% in the 4th quarter. Exane Derivatives now owns 2,850 shares of the bank’s stock worth $253,000 after acquiring an additional 1,254 shares during the last quarter.
In other Texas Capital Bancshares news, CEO C Keith Cargill acquired 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 6th. The stock was bought at an average price of $90.60 per share, for a total transaction of $181,200.00. Following the acquisition, the chief executive officer now directly owns 82,286 shares in the company, valued at $7,455,111.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ian J. Turpin sold 1,186 shares of the business’s stock in a transaction on Friday, March 2nd. The shares were sold at an average price of $89.55, for a total value of $106,206.30. Following the transaction, the director now owns 9,491 shares of the company’s stock, valued at approximately $849,919.05. The disclosure for this sale can be found here. 0.48% of the stock is owned by insiders.
Texas Capital Bancshares (NASDAQ:TCBI) last posted its quarterly earnings data on Wednesday, January 24th. The bank reported $1.19 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.16 by $0.03. Texas Capital Bancshares had a return on equity of 10.85% and a net margin of 20.67%. The company had revenue of $230.02 million during the quarter, compared to analysts’ expectations of $219.78 million. During the same quarter in the previous year, the business earned $0.96 EPS. research analysts forecast that Texas Capital Bancshares, Inc. will post 6.11 earnings per share for the current year.
A number of analysts have issued reports on the company. UBS assumed coverage on Texas Capital Bancshares in a research note on Thursday, March 22nd. They issued a “sell” rating on the stock. BidaskClub upgraded Texas Capital Bancshares from a “sell” rating to a “hold” rating in a report on Wednesday, March 21st. Stephens reiterated a “hold” rating on shares of Texas Capital Bancshares in a report on Tuesday, March 6th. Zacks Investment Research cut Texas Capital Bancshares from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 20th. Finally, Barclays reiterated a “neutral” rating and issued a $104.00 target price (up previously from $90.00) on shares of Texas Capital Bancshares in a report on Friday, January 26th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $98.75.
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Texas Capital Bancshares Profile
Texas Capital Bancshares, Inc operates as the bank holding company for Texas Capital Bank, National Association that provides various banking products and services for commercial businesses, and professionals and entrepreneurs. It offers business deposit products and services, including commercial checking accounts, lockbox accounts, and cash concentration accounts, as well as other treasury management services, including information services, wire transfer initiation, ACH initiation, account transfer, and service integration; and consumer deposit products, such as checking accounts, savings accounts, money market accounts, and certificates of deposit.
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