Vanguard Group Inc. Sells 74,604 Shares of Texas Capital Bancshares, Inc. $TCBI

Vanguard Group Inc. trimmed its holdings in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 1.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,629,399 shares of the bank’s stock after selling 74,604 shares during the quarter. Vanguard Group Inc. owned 10.14% of Texas Capital Bancshares worth $391,323,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in TCBI. Cullen Frost Bankers Inc. purchased a new stake in Texas Capital Bancshares during the third quarter valued at approximately $39,000. True Wealth Design LLC boosted its holdings in shares of Texas Capital Bancshares by 106.8% in the 3rd quarter. True Wealth Design LLC now owns 643 shares of the bank’s stock worth $54,000 after purchasing an additional 332 shares during the period. Quent Capital LLC bought a new position in shares of Texas Capital Bancshares during the 3rd quarter valued at approximately $60,000. EverSource Wealth Advisors LLC increased its position in shares of Texas Capital Bancshares by 452.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 746 shares of the bank’s stock valued at $59,000 after purchasing an additional 611 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in Texas Capital Bancshares by 10.0% during the 3rd quarter. GAMMA Investing LLC now owns 1,332 shares of the bank’s stock valued at $113,000 after buying an additional 121 shares during the period. Institutional investors own 96.88% of the company’s stock.

Insider Activity

In other Texas Capital Bancshares news, Director Robert W. Stallings purchased 20,000 shares of the firm’s stock in a transaction on Monday, February 23rd. The stock was bought at an average cost of $22.14 per share, for a total transaction of $442,800.00. Following the completion of the purchase, the director owned 335,913 shares in the company, valued at $7,437,113.82. This represents a 6.33% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Laura L. Whitley purchased 500 shares of the stock in a transaction on Monday, January 26th. The stock was acquired at an average cost of $97.51 per share, with a total value of $48,755.00. Following the acquisition, the director owned 7,961 shares of the company’s stock, valued at approximately $776,277.11. This represents a 6.70% increase in their position. The SEC filing for this purchase provides additional information. Insiders have purchased a total of 23,000 shares of company stock worth $582,155 over the last ninety days. 1.72% of the stock is currently owned by corporate insiders.

Texas Capital Bancshares Stock Up 2.0%

NASDAQ:TCBI opened at $101.50 on Friday. The stock has a market capitalization of $4.48 billion, a P/E ratio of 14.93, a P/E/G ratio of 0.48 and a beta of 0.68. Texas Capital Bancshares, Inc. has a fifty-two week low of $59.37 and a fifty-two week high of $108.92. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.00 and a current ratio of 1.00. The company’s 50-day simple moving average is $98.61 and its 200-day simple moving average is $90.73.

Texas Capital Bancshares (NASDAQ:TCBI) last issued its quarterly earnings results on Thursday, January 22nd. The bank reported $2.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.78 by $0.30. The business had revenue of $327.48 million for the quarter, compared to the consensus estimate 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 in the prior year, the firm posted $1.43 earnings per share. On average, equities analysts anticipate that Texas Capital Bancshares, Inc. will post 5.84 earnings per share for the current fiscal year.

Analysts Set New Price Targets

TCBI has been the topic of several recent analyst reports. Barclays increased their target price on shares of Texas Capital Bancshares from $90.00 to $100.00 and gave the company an “underweight” rating in a research note on Friday, January 23rd. DA Davidson upped their price target 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 upped their price target on shares of Texas Capital Bancshares from $86.00 to $96.00 and gave the company a “neutral” rating in a report on Friday, January 23rd. Stephens increased their price objective on shares of Texas Capital Bancshares from $111.00 to $114.00 and gave the stock an “overweight” rating in a research report on Friday, January 23rd. Finally, TD Cowen boosted their target price on Texas Capital Bancshares from $103.00 to $110.00 and gave the company a “hold” rating in a research report on Monday, January 26th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $101.17.

Texas Capital Bancshares Profile

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.