Tudor Investment Corp ET AL Buys Shares of 10,120 Texas Capital Bancshares, Inc. $TCBI

Tudor Investment Corp ET AL purchased a new position in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 10,120 shares of the bank’s stock, valued at approximately $855,000.

A number of other hedge funds also recently bought and sold shares of TCBI. GAMMA Investing LLC boosted its position in Texas Capital Bancshares by 10.0% in the third quarter. GAMMA Investing LLC now owns 1,332 shares of the bank’s stock worth $113,000 after purchasing an additional 121 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its position in shares of Texas Capital Bancshares by 4.5% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 2,902 shares of the bank’s stock valued at $245,000 after purchasing an additional 126 shares during the last quarter. Arizona State Retirement System increased its position in shares of Texas Capital Bancshares by 0.9% during the 3rd quarter. Arizona State Retirement System now owns 13,575 shares of the bank’s stock valued at $1,147,000 after purchasing an additional 126 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Texas Capital Bancshares by 4.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 3,665 shares of the bank’s stock worth $310,000 after purchasing an additional 142 shares during the period. Finally, Teacher Retirement System of Texas boosted its holdings in shares of Texas Capital Bancshares by 2.1% in the third quarter. Teacher Retirement System of Texas now owns 7,149 shares of the bank’s stock worth $604,000 after buying an additional 144 shares during the last quarter. Hedge funds and other institutional investors own 96.88% of the company’s stock.

Texas Capital Bancshares Stock Performance

NASDAQ TCBI opened at $92.71 on Tuesday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.19. Texas Capital Bancshares, Inc. has a twelve month low of $59.37 and a twelve month high of $108.92. The business has a 50-day moving average price of $98.05 and a 200-day moving average price of $92.01. The firm has a market cap of $4.10 billion, a price-to-earnings ratio of 13.63, a price-to-earnings-growth ratio of 0.45 and a beta of 0.66.

Texas Capital Bancshares (NASDAQ:TCBI) last posted its quarterly earnings results on Thursday, January 22nd. The bank reported $2.08 EPS for the quarter, topping analysts’ consensus estimates of $1.78 by $0.30. Texas Capital Bancshares had a return on equity of 10.05% and a net margin of 16.52%.The company had revenue of $327.48 million for the quarter, compared to analysts’ expectations of $324.09 million. During the same period in the previous year, the firm earned $1.43 EPS. As a group, equities research analysts predict that Texas Capital Bancshares, Inc. will post 5.84 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on TCBI. DA Davidson boosted their target price on shares of Texas Capital Bancshares from $94.00 to $104.00 and gave the company a “neutral” rating in a research report on Friday, January 23rd. Citigroup lifted their price target on shares of Texas Capital Bancshares from $75.00 to $88.00 and gave the stock a “sell” rating in a research note on Monday, January 26th. TD Cowen boosted their price objective on shares of Texas Capital Bancshares from $103.00 to $110.00 and gave the company a “hold” rating in a research report on Monday, January 26th. Stephens upped their price objective on Texas Capital Bancshares from $111.00 to $114.00 and gave the stock an “overweight” rating in a research note on Friday, January 23rd. Finally, JPMorgan Chase & Co. lifted their target price on Texas Capital Bancshares from $92.00 to $105.00 and gave the company an “underweight” rating in a research report on Tuesday, December 16th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $101.17.

Insider Activity

In related news, Director Robert W. Stallings bought 5,500 shares of the stock in a transaction dated Friday, March 6th. The shares were purchased at an average price of $22.80 per share, with a total value of $125,400.00. Following the completion of the acquisition, the director owned 175,087 shares of the company’s stock, valued at $3,991,983.60. This represents a 3.24% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Paola M. Arbour bought 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 11th. The shares were bought at an average price of $91.50 per share, with a total value of $91,500.00. Following the transaction, the director owned 6,671 shares of the company’s stock, valued at $610,396.50. The trade was a 17.63% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased a total of 49,500 shares of company stock worth $1,252,855 over the last quarter. Insiders own 1.91% of the company’s stock.

Texas Capital Bancshares 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.