286,782 Shares in Texas Capital Bancshares, Inc. $TCBI Purchased by Texas Capital Bank Wealth Management Services Inc

Texas Capital Bank Wealth Management Services Inc acquired a new position in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 286,782 shares of the bank’s stock, valued at approximately $29,613,000. Texas Capital Bancshares accounts for approximately 1.6% of Texas Capital Bank Wealth Management Services Inc’s holdings, making the stock its 8th largest holding. Texas Capital Bank Wealth Management Services Inc owned about 0.66% of Texas Capital Bancshares at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of TCBI. Danske Bank A S purchased a new position in shares of Texas Capital Bancshares in the third quarter worth approximately $25,000. Farther Finance Advisors LLC lifted its position in shares of Texas Capital Bancshares by 1,381.8% in 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 in the last quarter. Root Financial Partners LLC boosted its stake in Texas Capital Bancshares by 85.2% in the 1st quarter. Root Financial Partners LLC now owns 326 shares of the bank’s stock worth $31,000 after purchasing an additional 150 shares during the period. Advisory Services Network LLC acquired a new position in Texas Capital Bancshares in the 3rd quarter worth approximately $32,000. Finally, Eurizon Capital SGR S.p.A. purchased a new position in Texas Capital Bancshares during the 4th quarter worth approximately $36,000. 96.88% of the stock is owned by hedge funds and other institutional investors.

Texas Capital Bancshares Trading Up 0.1%

NASDAQ TCBI opened at $101.09 on Tuesday. Texas Capital Bancshares, Inc. has a 1-year low of $75.41 and a 1-year high of $108.92. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $4.39 billion, a PE ratio of 13.15, a price-to-earnings-growth ratio of 1.23 and a beta of 0.68. The firm’s fifty day simple moving average is $101.49 and its 200-day simple moving average is $99.80.

Texas Capital Bancshares (NASDAQ:TCBI) last announced its quarterly earnings data on Wednesday, July 22nd. The bank reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.87 by $0.01. The business had revenue of $335.50 million during the quarter, compared to analyst estimates of $333.37 million. Texas Capital Bancshares had a return on equity of 10.86% and a net margin of 17.90%.Texas Capital Bancshares’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period last year, the company earned $1.63 earnings per share. As a group, sell-side analysts anticipate that Texas Capital Bancshares, Inc. will post 7.39 earnings per share for the current fiscal year.

Texas Capital Bancshares Announces Dividend

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

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on TCBI. Weiss Ratings restated a “buy (b)” rating on shares of Texas Capital Bancshares in a report on Monday, July 6th. Royal Bank Of Canada lifted their price target on Texas Capital Bancshares from $110.00 to $114.00 and gave the company a “sector perform” rating in a report on Friday, April 24th. Wall Street Zen lowered Texas Capital Bancshares from a “hold” rating to a “sell” rating in a research report on Saturday, June 27th. Citigroup upped their price target on Texas Capital Bancshares from $105.00 to $107.00 and gave the company a “neutral” rating in a research report on Friday, July 24th. Finally, TD Cowen decreased their price objective on Texas Capital Bancshares from $109.00 to $106.00 and set a “hold” rating for the company in a research report on Monday, July 27th. Four investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $105.83.

Insider Transactions at Texas Capital Bancshares

In other news, insider Ellen Detrich sold 2,045 shares of Texas Capital Bancshares 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 completion of the sale, the insider directly owned 7,529 shares in the company, valued at $753,125.87. The trade was a 21.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Rob C. Holmes sold 49,500 shares of Texas Capital Bancshares 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 sale, the chief executive officer owned 167,635 shares of the company’s stock, valued at approximately $16,968,014.70. This represents a 22.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 104,145 shares of company stock valued at $10,570,584 in the last three months. Corporate insiders own 1.91% of the company’s stock.

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.