Argent Advisors Inc. Acquires New Position in Texas Capital Bancshares, Inc. $TCBI

Argent Advisors Inc. acquired a new stake in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 8,066 shares of the bank’s stock, valued at approximately $730,000.

Other institutional investors have also modified their holdings of the company. Danske Bank A S bought a new stake in shares of Texas Capital Bancshares during the 3rd quarter valued at about $25,000. Farther Finance Advisors LLC grew its position in shares of Texas Capital Bancshares by 1,381.8% during the 4th quarter. Farther Finance Advisors LLC now owns 326 shares of the bank’s stock valued at $30,000 after buying an additional 304 shares during the last quarter. Advisory Services Network LLC bought a new stake in shares of Texas Capital Bancshares during the 3rd quarter valued at about $32,000. Thurston Springer Miller Herd & Titak Inc. grew its position in shares of Texas Capital Bancshares by 169.7% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 391 shares of the bank’s stock valued at $35,000 after buying an additional 246 shares during the last quarter. Finally, Eurizon Capital SGR S.p.A. bought a new stake in shares of Texas Capital Bancshares during the 4th quarter valued at about $36,000. Institutional investors own 96.88% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Texas Capital Bancshares from $105.00 to $100.00 and set an “underweight” rating for the company in a research report on Wednesday, April 1st. Royal Bank Of Canada boosted their price objective on shares of Texas Capital Bancshares from $110.00 to $114.00 and gave the company a “sector perform” rating in a research report on Friday, April 24th. Piper Sandler boosted their target price on shares of Texas Capital Bancshares from $96.00 to $100.00 and gave the company a “neutral” rating in a research note on Friday, April 24th. Citigroup boosted their target price on shares of Texas Capital Bancshares from $88.00 to $96.00 and gave the company a “sell” rating in a research note on Tuesday, April 28th. Finally, Zacks Research lowered shares of Texas Capital Bancshares from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 30th. Four investment analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $104.09.

Insider Buying and Selling at Texas Capital Bancshares

In related news, Director Paola M. Arbour purchased 1,000 shares of Texas Capital Bancshares stock in a transaction dated Wednesday, March 11th. The stock was bought at an average cost of $91.50 per share, with a total value of $91,500.00. Following the purchase, the director owned 6,671 shares in the company, valued at approximately $610,396.50. The trade was a 17.63% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.91% of the company’s stock.

Texas Capital Bancshares Trading Up 3.4%

Texas Capital Bancshares stock opened at $102.34 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.27. The firm has a 50-day moving average price of $99.23 and a two-hundred day moving average price of $96.90. The firm has a market capitalization of $4.47 billion, a price-to-earnings ratio of 13.76, a PEG ratio of 1.40 and a beta of 0.67. Texas Capital Bancshares, Inc. has a 52-week low of $71.26 and a 52-week high of $108.92.

Texas Capital Bancshares (NASDAQ:TCBI) last posted its earnings results on Thursday, April 23rd. The bank reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.16. The firm had revenue of $323.99 million during the quarter, compared to analyst estimates of $318.10 million. Texas Capital Bancshares had a net margin of 17.71% and a return on equity of 10.76%. Texas Capital Bancshares’s revenue was up 15.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.92 EPS. Sell-side analysts expect that Texas Capital Bancshares, Inc. will post 7.63 earnings per share for the current year.

Texas Capital Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Monday, June 1st. Texas Capital Bancshares’s dividend payout ratio is currently 10.75%.

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.