State of New Jersey Common Pension Fund D Has $2.32 Million Holdings in Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

State of New Jersey Common Pension Fund D lessened its position in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBIGet Rating) by 11.3% during the 3rd quarter, Holdings Channel.com reports. The firm owned 39,378 shares of the bank’s stock after selling 5,035 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Texas Capital Bancshares were worth $2,324,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC grew its holdings in shares of Texas Capital Bancshares by 60.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,044 shares of the bank’s stock worth $120,000 after purchasing an additional 767 shares in the last quarter. Truist Financial Corp boosted its stake in Texas Capital Bancshares by 10.0% in the 3rd quarter. Truist Financial Corp now owns 5,172 shares of the bank’s stock valued at $305,000 after buying an additional 469 shares in the last quarter. Wipfli Financial Advisors LLC acquired a new stake in Texas Capital Bancshares in the 3rd quarter valued at $35,000. Granite Investment Partners LLC boosted its stake in Texas Capital Bancshares by 35.6% in the 3rd quarter. Granite Investment Partners LLC now owns 425,315 shares of the bank’s stock valued at $25,106,000 after buying an additional 111,626 shares in the last quarter. Finally, Hodges Capital Management Inc. boosted its stake in Texas Capital Bancshares by 138.2% in the 3rd quarter. Hodges Capital Management Inc. now owns 40,500 shares of the bank’s stock valued at $2,391,000 after buying an additional 23,500 shares in the last quarter. Institutional investors and hedge funds own 96.91% of the company’s stock.

Texas Capital Bancshares Trading Up 0.4 %

Shares of TCBI opened at $62.45 on Tuesday. The stock has a fifty day moving average price of $58.69 and a two-hundred day moving average price of $59.24. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.91 and a current ratio of 1.03. Texas Capital Bancshares, Inc. has a 52-week low of $48.79 and a 52-week high of $71.60. The company has a market cap of $3.12 billion, a price-to-earnings ratio of 19.45, a PEG ratio of 1.84 and a beta of 1.31.

Texas Capital Bancshares (NASDAQ:TCBIGet Rating) last released its earnings results on Wednesday, October 19th. The bank reported $0.74 earnings per share for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.29). The firm had revenue of $264.41 million for the quarter, compared to the consensus estimate of $258.56 million. Texas Capital Bancshares had a return on equity of 6.56% and a net margin of 16.45%. During the same quarter in the previous year, the firm earned $0.76 EPS. Analysts predict that Texas Capital Bancshares, Inc. will post 3.12 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Wedbush reaffirmed a “neutral” rating and issued a $60.00 price target on shares of Texas Capital Bancshares in a research note on Wednesday, September 28th. StockNews.com assumed coverage on Texas Capital Bancshares in a research note on Wednesday, October 12th. They issued a “sell” rating on the stock. DA Davidson reaffirmed a “neutral” rating on shares of Texas Capital Bancshares in a research note on Wednesday, December 21st. Royal Bank of Canada decreased their price target on Texas Capital Bancshares from $65.00 to $62.00 and set a “sector perform” rating on the stock in a research note on Friday, October 21st. Finally, TheStreet downgraded Texas Capital Bancshares from a “b-” rating to a “c+” rating in a research report on Friday, December 23rd. Two analysts have rated the stock with a sell rating, three have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Texas Capital Bancshares has an average rating of “Hold” and an average price target of $62.38.

Insider Buying and Selling at Texas Capital Bancshares

In other Texas Capital Bancshares news, insider Timothy J. Storms bought 4,400 shares of the firm’s stock in a transaction on Monday, October 24th. The stock was purchased at an average cost of $57.21 per share, with a total value of $251,724.00. Following the completion of the purchase, the insider now owns 15,993 shares in the company, valued at $914,959.53. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, insider Timothy J. Storms acquired 4,400 shares of Texas Capital Bancshares stock in a transaction dated Monday, October 24th. The stock was bought at an average cost of $57.21 per share, with a total value of $251,724.00. Following the completion of the transaction, the insider now directly owns 15,993 shares of the company’s stock, valued at $914,959.53. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert W. Stallings acquired 4,175 shares of Texas Capital Bancshares stock in a transaction dated Monday, October 24th. The shares were purchased at an average cost of $56.55 per share, with a total value of $236,096.25. Following the completion of the transaction, the director now directly owns 172,000 shares of the company’s stock, valued at $9,726,600. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 24,826 shares of company stock valued at $1,198,707. Company insiders own 0.56% of the company’s stock.

Texas Capital Bancshares Company Profile

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Texas Capital Bancshares, Inc operates as the bank holding company for Texas Capital Bank, is a full-service financial services firm that delivers customized solutions to businesses, entrepreneurs, and individual customers. The company offers commercial banking, consumer banking, investment banking, and wealth management services.

Further Reading

Want to see what other hedge funds are holding TCBI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Texas Capital Bancshares, Inc. (NASDAQ:TCBIGet Rating).

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

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