Texas Capital Bancshares, Inc. $TCBI Shares Acquired by Heartland Advisors Inc.

Heartland Advisors Inc. lifted its stake in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 1.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 410,903 shares of the bank’s stock after buying an additional 5,734 shares during the quarter. Texas Capital Bancshares makes up 1.8% of Heartland Advisors Inc.’s holdings, making the stock its largest position. Heartland Advisors Inc. owned about 0.90% of Texas Capital Bancshares worth $34,734,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. GAMMA Investing LLC grew its stake in shares of Texas Capital Bancshares by 10.0% during the 3rd quarter. GAMMA Investing LLC now owns 1,332 shares of the bank’s stock worth $113,000 after purchasing an additional 121 shares during the period. Vanguard Personalized Indexing Management LLC increased its holdings in Texas Capital Bancshares by 4.5% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 2,902 shares of the bank’s stock valued at $245,000 after buying an additional 126 shares in the last quarter. Arizona State Retirement System increased its holdings in Texas Capital Bancshares by 0.9% in the third quarter. Arizona State Retirement System now owns 13,575 shares of the bank’s stock valued at $1,147,000 after buying an additional 126 shares in the last quarter. PNC Financial Services Group Inc. grew its position in shares of Texas Capital Bancshares by 4.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 3,665 shares of the bank’s stock valued at $310,000 after acquiring an additional 142 shares during the period. Finally, Teacher Retirement System of Texas increased its stake in shares of Texas Capital Bancshares by 2.1% in the 3rd quarter. Teacher Retirement System of Texas now owns 7,149 shares of the bank’s stock valued at $604,000 after purchasing an additional 144 shares in the last quarter. 96.88% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Texas Capital Bancshares

In related news, Director Robert W. Stallings bought 2,000 shares of the stock in a transaction that occurred on Friday, January 23rd. The stock was purchased at an average cost of $20.91 per share, with a total value of $41,820.00. Following the purchase, the director directly owned 277,913 shares of the company’s stock, valued at $5,811,160.83. This trade represents a 0.72% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Laura L. Whitley purchased 500 shares of Texas Capital Bancshares stock in a transaction on Monday, January 26th. The stock was bought at an average cost of $97.51 per share, for a total transaction of $48,755.00. Following the transaction, the director directly owned 7,961 shares in the company, valued at $776,277.11. This represents a 6.70% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders have purchased 3,000 shares of company stock worth $139,355. 1.72% of the stock is owned by insiders.

Texas Capital Bancshares Trading Up 2.6%

TCBI opened at $103.42 on Tuesday. Texas Capital Bancshares, Inc. has a 52 week low of $59.37 and a 52 week high of $108.92. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.19. The business has a fifty day simple moving average of $97.51 and a 200-day simple moving average of $89.69. The firm has a market cap of $4.57 billion, a P/E ratio of 15.21, a P/E/G ratio of 0.50 and a beta of 0.68.

Texas Capital Bancshares (NASDAQ:TCBI) last announced its earnings results on Thursday, January 22nd. The bank reported $2.08 EPS for the quarter, beating analysts’ consensus estimates of $1.78 by $0.30. The company had revenue of $327.48 million during the quarter, compared to analysts’ expectations of $324.09 million. Texas Capital Bancshares had a return on equity of 10.05% and a net margin of 16.52%.During the same period last year, the business posted $1.43 EPS. On average, equities analysts expect that Texas Capital Bancshares, Inc. will post 5.84 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Barclays upped their target price on Texas Capital Bancshares from $90.00 to $100.00 and gave the stock an “underweight” rating in a research note on Friday, January 23rd. DA Davidson increased their price objective on shares of Texas Capital Bancshares from $94.00 to $104.00 and gave the company a “neutral” rating in a report on Friday, January 23rd. Piper Sandler boosted their target price on shares of Texas Capital Bancshares from $86.00 to $96.00 and gave the stock a “neutral” rating in a research note on Friday, January 23rd. Raymond James Financial boosted their price target on Texas Capital Bancshares from $98.00 to $105.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 7th. Finally, JPMorgan Chase & Co. boosted their price objective on Texas Capital Bancshares from $92.00 to $105.00 and gave the stock an “underweight” rating in a research note on Tuesday, December 16th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, Texas Capital Bancshares currently has an average rating of “Hold” and an average target price of $101.17.

About Texas Capital Bancshares

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.