Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Stock Position Increased by UBS Group AG

UBS Group AG boosted its position in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBIFree Report) by 51.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 97,714 shares of the bank’s stock after buying an additional 33,022 shares during the period. UBS Group AG’s holdings in Texas Capital Bancshares were worth $6,315,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of TCBI. Victory Capital Management Inc. boosted its position in shares of Texas Capital Bancshares by 147.9% during the 3rd quarter. Victory Capital Management Inc. now owns 31,566 shares of the bank’s stock valued at $1,859,000 after purchasing an additional 18,835 shares in the last quarter. New York State Common Retirement Fund lifted its stake in Texas Capital Bancshares by 131.9% during the third quarter. New York State Common Retirement Fund now owns 150,829 shares of the bank’s stock valued at $8,884,000 after purchasing an additional 85,793 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Texas Capital Bancshares by 0.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 663,768 shares of the bank’s stock worth $39,096,000 after buying an additional 3,641 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Texas Capital Bancshares by 3.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 526,482 shares of the bank’s stock worth $31,010,000 after buying an additional 15,336 shares during the last quarter. Finally, Pathstone Family Office LLC bought a new position in shares of Texas Capital Bancshares in the third quarter valued at $214,000. 96.88% of the stock is owned by institutional investors and hedge funds.

Texas Capital Bancshares Stock Up 0.2 %

TCBI stock opened at $58.43 on Friday. The company has a 50 day moving average of $59.27 and a two-hundred day moving average of $59.84. The company has a market cap of $2.73 billion, a price-to-earnings ratio of 17.71, a PEG ratio of 1.43 and a beta of 1.15. Texas Capital Bancshares, Inc. has a 12-month low of $48.41 and a 12-month high of $66.18. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.30.

Texas Capital Bancshares (NASDAQ:TCBIGet Free Report) last announced its quarterly earnings data on Thursday, April 18th. The bank reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.03. Texas Capital Bancshares had a return on equity of 7.05% and a net margin of 9.66%. The business had revenue of $256.33 million during the quarter, compared to analyst estimates of $253.27 million. On average, equities analysts anticipate that Texas Capital Bancshares, Inc. will post 3.53 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

TCBI has been the topic of a number of recent research reports. Raymond James cut Texas Capital Bancshares from a “strong-buy” rating to a “market perform” rating in a report on Thursday, April 4th. Keefe, Bruyette & Woods cut their price objective on Texas Capital Bancshares from $76.00 to $74.00 and set an “outperform” rating on the stock in a report on Monday, April 22nd. Hovde Group reduced their price objective on shares of Texas Capital Bancshares from $87.50 to $61.50 and set a “market perform” rating for the company in a research note on Friday, April 19th. Jefferies Financial Group dropped their target price on shares of Texas Capital Bancshares from $70.00 to $61.00 and set a “hold” rating on the stock in a research report on Monday, April 8th. Finally, Barclays initiated coverage on shares of Texas Capital Bancshares in a research report on Friday, March 8th. They issued an “underweight” rating and a $47.00 price target for the company. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $63.58.

View Our Latest Research Report on Texas Capital Bancshares

Insider Transactions at Texas Capital Bancshares

In other news, Director Robert W. Stallings purchased 3,000 shares of the stock in a transaction that occurred on Friday, May 10th. The stock was acquired at an average price of $19.50 per share, with a total value of $58,500.00. Following the purchase, the director now owns 156,706 shares in the company, valued at approximately $3,055,767. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Texas Capital Bancshares news, Director Robert W. Stallings purchased 3,000 shares of the business’s stock in a transaction dated Friday, May 10th. The shares were acquired at an average price of $19.50 per share, for a total transaction of $58,500.00. Following the acquisition, the director now owns 156,706 shares of the company’s stock, valued at $3,055,767. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert W. Stallings bought 6,000 shares of the stock in a transaction on Monday, May 20th. The shares were acquired at an average cost of $19.52 per share, for a total transaction of $117,120.00. Following the completion of the transaction, the director now directly owns 163,706 shares of the company’s stock, valued at $3,195,541.12. The disclosure for this purchase can be found here. Insiders bought 15,004 shares of company stock valued at $292,878 in the last three months. Corporate insiders own 0.99% of the company’s stock.

Texas Capital Bancshares Profile

(Free Report)

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 solutions, including capital markets, mergers and acquisitions, and syndicated finance, as well as financial sponsor coverage, capital solutions, and institutional services; and wealth management services, such as investment management, financial planning, lockbox and insurance, securities-based lending, estate planning, and business succession, as well as philanthropic, trustee and executor, custom credit, and depository services.

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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:TCBIFree Report).

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

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