Texas Capital Bancshares, Inc. $TCBI Shares Purchased by Cwm LLC

Cwm LLC boosted its holdings in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 145.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 21,909 shares of the bank’s stock after buying an additional 12,971 shares during the period. Cwm LLC’s holdings in Texas Capital Bancshares were worth $1,852,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TCBI. Intech Investment Management LLC lifted its holdings in shares of Texas Capital Bancshares by 22.1% during the 1st quarter. Intech Investment Management LLC now owns 29,790 shares of the bank’s stock valued at $2,225,000 after acquiring an additional 5,393 shares in the last quarter. Voya Investment Management LLC raised its position in Texas Capital Bancshares by 297.9% in the third quarter. Voya Investment Management LLC now owns 49,679 shares of the bank’s stock valued at $4,199,000 after purchasing an additional 37,195 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Texas Capital Bancshares by 7.2% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,794 shares of the bank’s stock worth $936,000 after purchasing an additional 795 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Texas Capital Bancshares by 12.3% in the second quarter. Bank of New York Mellon Corp now owns 657,626 shares of the bank’s stock worth $52,216,000 after buying an additional 71,774 shares during the period. Finally, Jacobs Levy Equity Management Inc. grew its stake in shares of Texas Capital Bancshares by 8.8% in the first quarter. Jacobs Levy Equity Management Inc. now owns 359,972 shares of the bank’s stock valued at $26,890,000 after buying an additional 29,074 shares in the last quarter. 96.88% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on TCBI shares. Piper Sandler boosted their price target on Texas Capital Bancshares from $84.00 to $86.00 and gave the stock a “neutral” rating in a research report on Thursday, October 23rd. Zacks Research cut shares of Texas Capital Bancshares from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 9th. Cowen assumed coverage on shares of Texas Capital Bancshares in a research note on Wednesday, September 24th. They issued a “hold” rating for the company. Hovde Group lifted their price target on shares of Texas Capital Bancshares from $85.00 to $93.00 and gave the stock a “market perform” rating in a research note on Thursday, October 23rd. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Texas Capital Bancshares from $98.00 to $100.00 and gave the stock an “outperform” rating in a report on Monday, October 27th. Four research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $89.40.

Insider Buying and Selling at Texas Capital Bancshares

In other news, Director Robert W. Stallings purchased 5,000 shares of the company’s stock in a transaction that occurred on Monday, October 27th. The shares were acquired at an average cost of $20.68 per share, with a total value of $103,400.00. Following the transaction, the director owned 275,913 shares in the company, valued at approximately $5,705,880.84. The trade was a 1.85% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.72% of the company’s stock.

Texas Capital Bancshares Stock Performance

Shares of Texas Capital Bancshares stock opened at $91.70 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.00 and a current ratio of 1.00. Texas Capital Bancshares, Inc. has a 1 year low of $59.37 and a 1 year high of $98.07. The firm’s 50-day simple moving average is $89.70 and its 200-day simple moving average is $86.17. The firm has a market cap of $4.19 billion, a PE ratio of 15.01, a price-to-earnings-growth ratio of 0.53 and a beta of 0.67.

Texas Capital Bancshares (NASDAQ:TCBI) last announced its quarterly earnings data on Wednesday, October 22nd. The bank reported $2.18 earnings per share for the quarter, beating the consensus estimate of $1.77 by $0.41. Texas Capital Bancshares had a return on equity of 9.51% and a net margin of 15.14%.The firm had revenue of $340.35 million during the quarter, compared to analyst estimates of $327.13 million. During the same period in the previous year, the company earned ($1.41) earnings per share. Texas Capital Bancshares’s quarterly revenue was up 171.6% on a year-over-year basis. Equities analysts forecast that Texas Capital Bancshares, Inc. will post 5.84 earnings per share for the current fiscal year.

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.