Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Shares Acquired by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky lifted its holdings in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 154.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,257 shares of the bank’s stock after buying an additional 26,273 shares during the period. Teachers Retirement System of The State of Kentucky owned approximately 0.09% of Texas Capital Bancshares worth $2,663,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. CWM LLC lifted its stake in Texas Capital Bancshares by 426.6% in the 1st quarter. CWM LLC now owns 674 shares of the bank’s stock worth $41,000 after purchasing an additional 546 shares in the last quarter. Mather Group LLC. acquired a new position in Texas Capital Bancshares during the first quarter worth $50,000. Fidelis Capital Partners LLC acquired a new position in Texas Capital Bancshares during the first quarter worth $54,000. Headlands Technologies LLC grew its holdings in Texas Capital Bancshares by 41.9% in the 4th quarter. Headlands Technologies LLC now owns 1,613 shares of the bank’s stock valued at $104,000 after buying an additional 476 shares in the last quarter. Finally, Keener Financial Planning LLC acquired a new stake in shares of Texas Capital Bancshares in the 4th quarter worth $139,000. 96.88% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TCBI has been the topic of several recent research reports. Citigroup reissued a “sell” rating and set a $60.00 price target on shares of Texas Capital Bancshares in a research report on Monday, July 22nd. Jefferies Financial Group dropped their price target on shares of Texas Capital Bancshares from $64.00 to $61.00 and set a “hold” rating for the company in a research note on Wednesday, July 3rd. Royal Bank of Canada reduced their price target on shares of Texas Capital Bancshares from $68.00 to $66.00 and set a “sector perform” rating on the stock in a research report on Tuesday, April 9th. Stephens increased their price objective on Texas Capital Bancshares from $73.00 to $75.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. Finally, Keefe, Bruyette & Woods cut their target price on Texas Capital Bancshares from $76.00 to $74.00 and set an “outperform” rating for the company in a research note on Monday, April 22nd. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Texas Capital Bancshares presently has an average rating of “Hold” and a consensus target price of $65.19.

Insiders Place Their Bets

In related news, Director Robert W. Stallings acquired 3,000 shares of the firm’s stock in a transaction dated Friday, May 10th. The stock was acquired at an average price of $19.50 per share, for a total transaction of $58,500.00. Following the purchase, the director now owns 156,706 shares of the company’s stock, valued at approximately $3,055,767. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Texas Capital Bancshares news, Director Robert W. Stallings purchased 4,000 shares of the firm’s stock in a transaction on Thursday, July 25th. The stock was bought at an average cost of $20.62 per share, with a total value of $82,480.00. Following the acquisition, the director now directly owns 12,794 shares of the company’s stock, valued at $263,812.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert W. Stallings acquired 3,000 shares of the stock in a transaction dated Friday, May 10th. The shares were acquired at an average cost of $19.50 per share, with a total value of $58,500.00. Following the completion of the transaction, the director now owns 156,706 shares in the company, valued at approximately $3,055,767. The disclosure for this purchase can be found here. Insiders have purchased a total of 43,504 shares of company stock worth $869,278 in the last quarter. 0.99% of the stock is owned by company insiders.

Texas Capital Bancshares Stock Down 4.8 %

Shares of TCBI traded down $3.04 during mid-day trading on Friday, hitting $60.40. 462,288 shares of the company’s stock were exchanged, compared to its average volume of 507,053. The stock’s 50-day moving average is $61.49 and its 200-day moving average is $60.37. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.99 and a current ratio of 1.00. Texas Capital Bancshares, Inc. has a fifty-two week low of $52.89 and a fifty-two week high of $72.07. The company has a market cap of $2.79 billion, a price-to-earnings ratio of 18.30, a P/E/G ratio of 2.86 and a beta of 1.15.

Texas Capital Bancshares (NASDAQ:TCBI) last posted its quarterly earnings results on Thursday, July 18th. The bank reported $0.80 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.06). The business had revenue of $472.49 million during the quarter, compared to analyst estimates of $268.02 million. Texas Capital Bancshares had a return on equity of 6.05% and a net margin of 8.08%. During the same quarter last year, the firm earned $1.33 EPS. On average, sell-side analysts anticipate that Texas Capital Bancshares, Inc. will post 3.31 earnings per share for the current fiscal year.

Texas Capital Bancshares Company Profile

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.