AlphaQuest LLC Acquires 45,534 Shares of Texas Capital Bancshares, Inc. $TCBI

AlphaQuest LLC grew its holdings in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 866.8% during the third quarter, Holdings Channel.com reports. The firm owned 50,787 shares of the bank’s stock after acquiring an additional 45,534 shares during the period. AlphaQuest LLC’s holdings in Texas Capital Bancshares were worth $4,293,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TCBI. GAMMA Investing LLC raised its holdings in shares of Texas Capital Bancshares by 10.0% in the third quarter. GAMMA Investing LLC now owns 1,332 shares of the bank’s stock valued at $113,000 after buying an additional 121 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its position in shares of Texas Capital Bancshares by 4.5% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 2,902 shares of the bank’s stock worth $245,000 after purchasing an additional 126 shares in the last quarter. Teacher Retirement System of Texas increased 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 valued at $604,000 after purchasing an additional 144 shares in the last quarter. Quadrant Private Wealth Management LLC increased its holdings in shares of Texas Capital Bancshares by 1.3% in the third quarter. Quadrant Private Wealth Management LLC now owns 20,565 shares of the bank’s stock valued at $1,738,000 after purchasing an additional 273 shares in the last quarter. Finally, Tectonic Advisors LLC raised its position in Texas Capital Bancshares by 0.9% in the 2nd quarter. Tectonic Advisors LLC now owns 32,668 shares of the bank’s stock worth $2,594,000 after purchasing an additional 293 shares during the last quarter. 96.88% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Texas Capital Bancshares news, Director Laura L. Whitley purchased 500 shares of the company’s stock in a transaction dated Monday, January 26th. The shares were bought at an average price of $97.51 per share, with a total value of $48,755.00. Following the completion of the transaction, the director directly owned 7,961 shares in the company, valued at $776,277.11. This trade represents a 6.70% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert W. Stallings acquired 2,000 shares of the business’s stock in a transaction dated Friday, January 23rd. The shares were acquired at an average price of $20.91 per share, for a total transaction of $41,820.00. Following the acquisition, the director directly owned 277,913 shares in the company, valued at $5,811,160.83. This represents a 0.72% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired 3,000 shares of company stock valued at $139,355 over the last 90 days. Corporate insiders own 1.72% of the company’s stock.

Texas Capital Bancshares Stock Up 2.2%

Shares of NASDAQ:TCBI opened at $101.03 on Friday. The company has a 50 day moving average price of $94.56 and a two-hundred day moving average price of $88.28. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market capitalization of $4.61 billion, a PE ratio of 14.86, a PEG ratio of 0.48 and a beta of 0.67. Texas Capital Bancshares, Inc. has a 52 week low of $59.37 and a 52 week high of $105.36.

Texas Capital Bancshares (NASDAQ:TCBI) last announced its quarterly earnings results on Thursday, January 22nd. The bank reported $2.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.30. The company had revenue of $327.48 million during the quarter, compared to analyst estimates of $324.09 million. Texas Capital Bancshares had a net margin of 16.52% and a return on equity of 10.05%. During the same quarter in the previous year, the business earned $1.43 EPS. Analysts forecast that Texas Capital Bancshares, Inc. will post 5.84 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Stephens lifted their target price on Texas Capital Bancshares from $111.00 to $114.00 and gave the company an “overweight” rating in a research note on Friday, January 23rd. Hovde Group raised their price target on Texas Capital Bancshares from $93.00 to $102.00 and gave the company a “market perform” rating in a report on Tuesday. Raymond James Financial boosted their price objective on Texas Capital Bancshares from $98.00 to $105.00 and gave the stock an “outperform” rating in a report on Wednesday, January 7th. Keefe, Bruyette & Woods upped their target price on shares of Texas Capital Bancshares from $98.00 to $100.00 and gave the company an “outperform” rating in a research report on Monday, October 27th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Texas Capital Bancshares from $92.00 to $105.00 and gave the stock an “underweight” rating in a research report on Tuesday, December 16th. Four analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $101.17.

About Texas Capital Bancshares

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.