Optimize Financial Inc Invests $441,000 in Texas Capital Bancshares, Inc. $TCBI

Optimize Financial Inc bought a new stake in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 5,218 shares of the bank’s stock, valued at approximately $441,000.

Other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new stake in Texas Capital Bancshares during the 2nd quarter worth about $45,364,000. Azora Capital LP raised its holdings in shares of Texas Capital Bancshares by 141.3% during the second quarter. Azora Capital LP now owns 930,014 shares of the bank’s stock valued at $73,843,000 after acquiring an additional 544,590 shares during the period. SG Americas Securities LLC lifted its position in shares of Texas Capital Bancshares by 2,461.3% in the 3rd quarter. SG Americas Securities LLC now owns 132,934 shares of the bank’s stock valued at $11,237,000 after acquiring an additional 127,744 shares in the last quarter. AQR Capital Management LLC boosted its stake in Texas Capital Bancshares by 7.1% in the 2nd quarter. AQR Capital Management LLC now owns 1,534,446 shares of the bank’s stock worth $121,636,000 after purchasing an additional 101,675 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its position in Texas Capital Bancshares by 69.8% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 234,762 shares of the bank’s stock worth $18,640,000 after purchasing an additional 96,525 shares in the last quarter. Hedge funds and other institutional investors own 96.88% of the company’s stock.

Key Stories Impacting Texas Capital Bancshares

Here are the key news stories impacting Texas Capital Bancshares this week:

• Positive Sentiment: Zacks upgraded TCBI from Hold to Strong Buy and published a detailed note highlighting improved earnings prospects and momentum that could drive near-term buying interest. All You Need to Know About Texas Capital (TCBI) Rating Upgrade to Strong Buy
• Positive Sentiment: TCBI was added to several Zacks #1 (Strong Buy) lists — momentum, growth and value — increasing the chance of systematic inflows from model-driven funds and momentum traders. New Strong Buy Stocks for February 3rd
• Positive Sentiment: Company insider (director Robert Stallings) made a recent stock purchase, which investors often view as a vote of confidence in the firm’s outlook and can support the share price over time. Texas Capital Bancshares Director Makes Bold Insider Move With Fresh Stock Buy

Insider Activity at Texas Capital Bancshares

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

Texas Capital Bancshares Trading Down 0.9%

NASDAQ TCBI opened at $105.03 on Thursday. The stock has a 50-day simple moving average of $95.71 and a 200 day simple moving average of $88.73. Texas Capital Bancshares, Inc. has a 12 month low of $59.37 and a 12 month high of $108.92. The company has a market capitalization of $4.79 billion, a PE ratio of 15.45, a P/E/G ratio of 0.51 and a beta of 0.68. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.19.

Texas Capital Bancshares (NASDAQ:TCBI) last issued its earnings results on Thursday, January 22nd. The bank reported $2.08 EPS for the quarter, beating the consensus estimate of $1.78 by $0.30. The firm had revenue of $327.48 million during the quarter, compared to the consensus estimate 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 prior year, the firm earned $1.43 earnings per share. Research analysts forecast that Texas Capital Bancshares, Inc. will post 5.84 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Citigroup lifted their target price on Texas Capital Bancshares from $75.00 to $88.00 and gave the company a “sell” rating in a research note on Monday, January 26th. Raymond James Financial raised their target price on shares of Texas Capital Bancshares from $98.00 to $105.00 and gave the company an “outperform” rating in a research note on Wednesday, January 7th. TD Cowen raised their price objective on shares of Texas Capital Bancshares from $103.00 to $110.00 and gave the stock a “hold” rating in a research note on Monday, January 26th. Hovde Group lifted their price objective on Texas Capital Bancshares from $93.00 to $102.00 and gave the stock a “market perform” rating in a report on Tuesday, January 27th. Finally, Barclays raised their price target on shares of Texas Capital Bancshares from $90.00 to $100.00 and gave the stock an “underweight” rating in a research note on Friday, January 23rd. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Texas Capital Bancshares has an average rating of “Hold” and an average target price 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.