Allspring Global Investments Holdings LLC Purchases Shares of 111,788 Texas Capital Bancshares, Inc. $TCBI

Allspring Global Investments Holdings LLC acquired a new position in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBIFree Report) in the first quarter, Holdings Channel.com reports. The institutional investor acquired 111,788 shares of the bank’s stock, valued at approximately $10,712,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank bought a new position in shares of Texas Capital Bancshares in the fourth quarter valued at approximately $51,728,000. AQR Capital Management LLC grew its holdings in Texas Capital Bancshares by 25.1% during the third quarter. AQR Capital Management LLC now owns 1,919,194 shares of the bank’s stock worth $162,229,000 after buying an additional 384,748 shares in the last quarter. Balyasny Asset Management L.P. grew its holdings in Texas Capital Bancshares by 2,707.2% during the third quarter. Balyasny Asset Management L.P. now owns 348,936 shares of the bank’s stock worth $29,496,000 after buying an additional 336,506 shares in the last quarter. Alyeska Investment Group L.P. purchased a new stake in Texas Capital Bancshares in the 4th quarter valued at $23,174,000. Finally, UBS Group AG lifted its stake in Texas Capital Bancshares by 56.8% during the 3rd quarter. UBS Group AG now owns 403,692 shares of the bank’s stock valued at $34,124,000 after acquiring an additional 146,181 shares in the last quarter. 96.88% of the stock is owned by hedge funds and other institutional investors.

Texas Capital Bancshares News Roundup

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

Insider Activity at Texas Capital Bancshares

In related news, CEO Rob C. Holmes sold 49,500 shares of Texas Capital Bancshares stock in a transaction that occurred 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 of the company’s stock, valued at approximately $16,968,014.70. The trade was a 22.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 102,100 shares of company stock valued at $10,366,023. 1.91% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Fundamental Research set a $110.00 price objective on shares of Texas Capital Bancshares in a report on Wednesday, July 1st. Royal Bank Of Canada increased their target price on shares of Texas Capital Bancshares from $110.00 to $114.00 and gave the company a “sector perform” rating in a report on Friday, April 24th. Zacks Research lowered shares of Texas Capital Bancshares from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 30th. Weiss Ratings restated a “buy (b)” rating on shares of Texas Capital Bancshares in a report on Monday, July 6th. Finally, Piper Sandler upped their price objective on shares of Texas Capital Bancshares from $96.00 to $100.00 and gave the stock a “neutral” rating in a research report on Friday, April 24th. Four investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Texas Capital Bancshares presently has a consensus rating of “Hold” and a consensus target price of $106.17.

Check Out Our Latest Stock Report on Texas Capital Bancshares

Texas Capital Bancshares Price Performance

TCBI opened at $102.91 on Thursday. Texas Capital Bancshares, Inc. has a fifty-two week low of $75.41 and a fifty-two week high of $108.92. The firm has a 50-day moving average of $101.23 and a 200 day moving average of $99.46. 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 cap of $4.49 billion, a P/E ratio of 13.83, a PEG ratio of 1.49 and a beta of 0.67.

Texas Capital Bancshares (NASDAQ:TCBIGet Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. The bank reported $1.88 EPS for the quarter, topping the consensus estimate of $1.87 by $0.01. The business had revenue of $335.50 million for the quarter, compared to analyst estimates of $333.37 million. Texas Capital Bancshares had a net margin of 17.71% and a return on equity of 10.76%. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.63 earnings per share. On average, research analysts expect that Texas Capital Bancshares, Inc. will post 7.56 EPS for the current year.

About Texas Capital Bancshares

(Free Report)

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.

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Institutional Ownership by Quarter for Texas Capital Bancshares (NASDAQ:TCBI)

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