Universal Beteiligungs und Servicegesellschaft mbH Takes $884,000 Position in Texas Capital Bancshares, Inc. $TCBI

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) during the 3rd quarter, Holdings Channel reports. The institutional investor bought 10,459 shares of the bank’s stock, valued at approximately $884,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Texas Capital Bancshares by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,603 shares of the bank’s stock worth $2,062,000 after buying an additional 1,206 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in Texas Capital Bancshares by 3.7% in the first quarter. Goldman Sachs Group Inc. now owns 560,070 shares of the bank’s stock worth $41,837,000 after buying an additional 20,231 shares during the period. United Services Automobile Association bought a new stake in shares of Texas Capital Bancshares during the first quarter valued at approximately $230,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Texas Capital Bancshares by 29.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 107,761 shares of the bank’s stock worth $8,050,000 after purchasing an additional 24,538 shares during the period. Finally, Ameritas Advisory Services LLC purchased a new stake in Texas Capital Bancshares in the second quarter worth $52,000. Hedge funds and other institutional investors own 96.88% of the company’s stock.

Insiders Place Their Bets

In other news, Director Laura L. Whitley bought 500 shares of the company’s stock in a transaction on Monday, January 26th. The shares were acquired at an average cost of $97.51 per share, with a total value of $48,755.00. Following the completion of the transaction, the director owned 7,961 shares of the company’s stock, valued at approximately $776,277.11. This trade represents a 6.70% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Robert W. Stallings purchased 2,000 shares of the business’s stock in a transaction on Friday, January 23rd. The shares were purchased at an average price of $20.91 per share, with a total value of $41,820.00. Following the completion of the purchase, the director owned 277,913 shares in the company, valued at approximately $5,811,160.83. This trade represents a 0.72% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders have acquired 3,000 shares of company stock valued at $139,355. Company insiders own 1.72% of the company’s stock.

Texas Capital Bancshares Price Performance

NASDAQ TCBI opened at $101.17 on Monday. Texas Capital Bancshares, Inc. has a one year low of $59.37 and a one year high of $105.36. The stock has a 50-day moving average of $94.83 and a 200 day moving average of $88.41. 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 $4.62 billion, a price-to-earnings ratio of 14.88, a PEG ratio of 0.49 and a beta of 0.68.

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 analysts’ consensus estimates of $1.78 by $0.30. Texas Capital Bancshares had a net margin of 16.52% and a return on equity of 10.05%. The firm had revenue of $327.48 million for the quarter, compared to the consensus estimate of $324.09 million. During the same quarter last year, the firm posted $1.43 EPS. On average, sell-side analysts forecast that Texas Capital Bancshares, Inc. will post 5.84 EPS for the current year.

Wall Street Analysts Forecast Growth

TCBI has been the topic of a number of recent research reports. DA Davidson upped their target price on shares of Texas Capital Bancshares from $94.00 to $104.00 and gave the stock a “neutral” rating in a research report on Friday, January 23rd. Raymond James Financial upped their price objective on shares of 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 lifted their target price on shares of Texas Capital Bancshares from $98.00 to $100.00 and gave the company an “outperform” rating in a report on Monday, October 27th. TD Cowen boosted their target price on Texas Capital Bancshares from $103.00 to $110.00 and gave the stock a “hold” rating in a report on Monday, January 26th. Finally, JPMorgan Chase & Co. raised their price target on Texas Capital Bancshares from $92.00 to $105.00 and gave the company an “underweight” rating in a report on Tuesday, December 16th. 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 stock presently has an average rating of “Hold” and a consensus price target of $101.17.

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.