Texas Capital Bancshares, Inc. $TCBI Shares Sold by Hodges Capital Management Inc.

Hodges Capital Management Inc. decreased its holdings in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 8.3% in the 3rd quarter, HoldingsChannel reports. The firm owned 127,259 shares of the bank’s stock after selling 11,517 shares during the quarter. Hodges Capital Management Inc.’s holdings in Texas Capital Bancshares were worth $10,757,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its holdings in Texas Capital Bancshares by 10.0% during the 3rd quarter. GAMMA Investing LLC now owns 1,332 shares of the bank’s stock worth $113,000 after buying an additional 121 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased 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 acquiring an additional 126 shares during the period. Arizona State Retirement System raised its stake in shares of Texas Capital Bancshares by 0.9% in the third quarter. Arizona State Retirement System now owns 13,575 shares of the bank’s stock valued at $1,147,000 after acquiring an additional 126 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in Texas Capital Bancshares by 4.0% in the third quarter. PNC Financial Services Group Inc. now owns 3,665 shares of the bank’s stock valued at $310,000 after purchasing an additional 142 shares during the period. Finally, Teacher Retirement System of Texas increased its holdings in Texas Capital Bancshares by 2.1% during the 3rd quarter. Teacher Retirement System of Texas now owns 7,149 shares of the bank’s stock worth $604,000 after purchasing an additional 144 shares during the period. 96.88% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Texas Capital Bancshares

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

Texas Capital Bancshares Stock Up 0.9%

Shares of NASDAQ:TCBI opened at $104.37 on Wednesday. The firm has a 50 day simple moving average of $97.74 and a 200-day simple moving average of $89.85. Texas Capital Bancshares, Inc. has a twelve month low of $59.37 and a twelve month high of $108.92. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $4.61 billion, a PE ratio of 15.35, a P/E/G ratio of 0.50 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 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $324.09 million. During the same period last year, the business earned $1.43 EPS. On average, equities analysts predict that Texas Capital Bancshares, Inc. will post 5.84 EPS for the current fiscal year.

Analysts Set New Price Targets

TCBI has been the subject of several recent research reports. Keefe, Bruyette & Woods lifted their price objective on Texas Capital Bancshares from $98.00 to $100.00 and gave the company an “outperform” rating in a research note on Monday, October 27th. Barclays lifted 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. Weiss Ratings reissued a “buy (b-)” rating on shares of Texas Capital Bancshares in a research report on Wednesday, January 28th. Raymond James Financial raised their price objective on shares of Texas Capital Bancshares from $98.00 to $105.00 and gave the company an “outperform” rating in a report on Wednesday, January 7th. Finally, Stephens boosted their target price on shares of Texas Capital Bancshares from $111.00 to $114.00 and gave the stock an “overweight” rating in a research note on Friday, January 23rd. One equities research 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 assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average 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.