Fifth Third Bancorp Boosts Stock Position in Texas Capital Bancshares, Inc. $TCBI

Fifth Third Bancorp increased its stake in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 3,700.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,986 shares of the bank’s stock after buying an additional 16,539 shares during the period. Fifth Third Bancorp’s holdings in Texas Capital Bancshares were worth $1,612,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in TCBI. Danske Bank A S purchased a new stake in shares of Texas Capital Bancshares in the 3rd quarter worth approximately $25,000. Farther Finance Advisors LLC raised its stake in Texas Capital Bancshares by 1,381.8% in the fourth quarter. Farther Finance Advisors LLC now owns 326 shares of the bank’s stock worth $30,000 after buying an additional 304 shares in the last quarter. Root Financial Partners LLC lifted its holdings in Texas Capital Bancshares by 85.2% during the first quarter. Root Financial Partners LLC now owns 326 shares of the bank’s stock worth $31,000 after buying an additional 150 shares during the period. Advisory Services Network LLC bought a new stake in Texas Capital Bancshares during the 3rd quarter valued at $32,000. Finally, Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of Texas Capital Bancshares by 169.7% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 391 shares of the bank’s stock valued at $35,000 after acquiring an additional 246 shares during the period. 96.88% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Texas Capital Bancshares

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

Texas Capital Bancshares Stock Down 4.1%

Shares of TCBI stock opened at $98.67 on Friday. The stock’s 50-day simple moving average is $101.26 and its 200-day simple moving average is $99.51. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a market capitalization of $4.31 billion, a PE ratio of 12.83, a P/E/G ratio of 1.48 and a beta of 0.67. Texas Capital Bancshares, Inc. has a fifty-two week low of $75.41 and a fifty-two week high of $108.92.

Texas Capital Bancshares (NASDAQ:TCBI) last released its earnings results on Wednesday, July 22nd. The bank reported $1.88 EPS for the quarter, topping analysts’ consensus estimates of $1.87 by $0.01. The firm had revenue of $335.50 million during the quarter, compared to the consensus estimate of $333.37 million. Texas Capital Bancshares had a return on equity of 10.88% and a net margin of 17.90%.The company’s revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.63 earnings per share. Equities analysts expect that Texas Capital Bancshares, Inc. will post 7.56 earnings per share for the current year.

Texas Capital Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.8%. The ex-dividend date is Tuesday, September 1st. Texas Capital Bancshares’s payout ratio is presently 10.75%.

Wall Street Analyst Weigh In

TCBI has been the topic of a number of recent analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Texas Capital Bancshares in a research report on Monday, July 6th. Citigroup upgraded shares of Texas Capital Bancshares from a “sell” rating to a “neutral” rating and raised their target price for the company from $96.00 to $105.00 in a research note on Tuesday, June 30th. Fundamental Research set a $110.00 price target on Texas Capital Bancshares in a research report on Wednesday, July 1st. Wall Street Zen cut Texas Capital Bancshares from a “hold” rating to a “sell” rating in a research report on Saturday, June 27th. Finally, Stephens set a $112.00 target price on Texas Capital Bancshares in a research note on Thursday. Four analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Texas Capital Bancshares has a consensus rating of “Hold” and an average price target of $106.00.

More Texas Capital Bancshares News

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

• Positive Sentiment: Q2 earnings and revenue both topped expectations. Texas Capital reported earnings of $1.88 per share versus estimates around $1.85-$1.87, while revenue of $335.5 million also came in above forecasts. Article title: Texas Capital (TCBI) Tops Q2 Earnings and Revenue Estimates
• Positive Sentiment: Core banking trends improved. The company said higher net interest income, fee income, and balance-sheet growth helped offset expense pressure, and net income available to common stockholders rose 10% year over year to $80.6 million. Article title: TCBI Q2 Earnings Beat on NII & Fee Income Growth, Expenses Up Y/Y
• Neutral Sentiment: The bank declared a quarterly dividend. Texas Capital announced a $0.20 per-share dividend, implying a modest annualized yield of about 0.8%. This supports shareholder returns, but the payout is not large enough by itself to materially change the stock’s near-term direction. Article title: Texas Capital Bancshares stock page
• Negative Sentiment: Expenses and credit costs increased. While revenue growth was solid, management noted rising operating expenses and higher credit costs, which may be weighing on investor sentiment and limiting enthusiasm for the earnings beat. Article title: TCBI Q2 Earnings Beat on NII & Fee Income Growth, Expenses Up Y/Y

Texas Capital Bancshares 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.