Fox Run Management L.L.C. Purchases Shares of 9,539 Texas Capital Bancshares, Inc. $TCBI

Fox Run Management L.L.C. purchased a new stake in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 9,539 shares of the bank’s stock, valued at approximately $864,000.

Several other institutional investors have also recently added to or reduced their stakes in TCBI. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Texas Capital Bancshares by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,603 shares of the bank’s stock valued at $2,062,000 after buying an additional 1,206 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Texas Capital Bancshares by 3.7% during the first quarter. Goldman Sachs Group Inc. now owns 560,070 shares of the bank’s stock worth $41,837,000 after purchasing an additional 20,231 shares during the period. United Services Automobile Association acquired a new position in shares of Texas Capital Bancshares during the first quarter worth approximately $230,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Texas Capital Bancshares by 29.5% during 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, Invesco Ltd. raised its position in shares of Texas Capital Bancshares by 34.0% during the second quarter. Invesco Ltd. now owns 149,559 shares of the bank’s stock worth $11,875,000 after purchasing an additional 37,982 shares during the period. 96.88% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Texas Capital Bancshares Trading Down 0.8%

NASDAQ TCBI opened at $100.19 on Thursday. The firm has a market capitalization of $4.38 billion, a P/E ratio of 13.47, a PEG ratio of 1.43 and a beta of 0.67. The business has a fifty day simple moving average of $99.80 and a 200 day simple moving average of $97.37. Texas Capital Bancshares, Inc. has a 12 month low of $73.61 and a 12 month high of $108.92. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.27.

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

Texas Capital Bancshares Announces Dividend

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

Insiders Place Their Bets

In related news, CEO Rob C. Holmes sold 49,500 shares of the stock in a transaction on Monday, June 8th. The stock was sold at an average price of $101.22, for a total value of $5,010,390.00. Following the completion of the sale, the chief executive officer directly owned 167,635 shares of the company’s stock, valued at approximately $16,968,014.70. This represents a 22.80% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Anna M. Alvarado sold 3,500 shares of the stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $100.95, for a total value of $353,325.00. Following the completion of the sale, the insider directly owned 23,810 shares of the company’s stock, valued at $2,403,619.50. The trade was a 12.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 102,100 shares of company stock valued at $10,366,023 over the last three months. 1.91% of the stock is currently owned by insiders.

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.