Azora Capital LP Acquires 106,599 Shares of Texas Capital Bancshares, Inc. $TCBI

Azora Capital LP raised its holdings in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 11.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,036,613 shares of the bank’s stock after purchasing an additional 106,599 shares during the quarter. Texas Capital Bancshares makes up 4.1% of Azora Capital LP’s holdings, making the stock its 5th biggest position. Azora Capital LP owned about 2.27% of Texas Capital Bancshares worth $87,625,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Texas Capital Bancshares during the second quarter worth $45,364,000. AQR Capital Management LLC boosted its stake in shares of Texas Capital Bancshares by 25.1% in the third quarter. AQR Capital Management LLC now owns 1,919,194 shares of the bank’s stock valued at $162,229,000 after buying an additional 384,748 shares during the period. Balyasny Asset Management L.P. lifted its position in shares of Texas Capital Bancshares by 2,707.2% during the 3rd quarter. Balyasny Asset Management L.P. now owns 348,936 shares of the bank’s stock valued at $29,496,000 after acquiring an additional 336,506 shares during the period. Algert Global LLC grew its holdings in shares of Texas Capital Bancshares by 731.5% during the 3rd quarter. Algert Global LLC now owns 294,840 shares of the bank’s stock worth $24,923,000 after purchasing an additional 259,380 shares in the last quarter. Finally, Jupiter Asset Management Ltd. grew its holdings in shares of Texas Capital Bancshares by 148.8% during the 3rd quarter. Jupiter Asset Management Ltd. now owns 379,331 shares of the bank’s stock worth $32,065,000 after purchasing an additional 226,872 shares in the last quarter. 96.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TCBI has been the subject of a number of analyst reports. Zacks Research raised Texas Capital Bancshares from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 2nd. JPMorgan Chase & Co. raised their target price on shares of Texas Capital Bancshares from $92.00 to $105.00 and gave the company an “underweight” rating in a report on Tuesday, December 16th. Weiss Ratings restated a “buy (b-)” rating on shares of Texas Capital Bancshares in a research report on Wednesday, January 28th. Stephens upped their price target on shares of Texas Capital Bancshares from $111.00 to $114.00 and gave the stock an “overweight” rating in a report on Friday, January 23rd. Finally, Citigroup lifted their price objective on shares of Texas Capital Bancshares from $75.00 to $88.00 and gave the company a “sell” rating in a research note on Monday, January 26th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Texas Capital Bancshares presently has an average rating of “Hold” and an average price target of $101.17.

Texas Capital Bancshares Trading Up 0.2%

TCBI opened at $92.52 on Friday. The company has a market cap of $4.09 billion, a P/E ratio of 13.61, a PEG ratio of 0.45 and a beta of 0.66. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.19. The company’s 50 day moving average is $98.85 and its 200-day moving average is $91.51. Texas Capital Bancshares, Inc. has a 1-year low of $59.37 and a 1-year high of $108.92.

Texas Capital Bancshares (NASDAQ:TCBI) last issued its quarterly earnings data on Thursday, January 22nd. The bank reported $2.08 EPS for the quarter, beating the consensus estimate of $1.78 by $0.30. Texas Capital Bancshares had a net margin of 16.52% and a return on equity of 10.05%. The business had revenue of $327.48 million during the quarter, compared to the consensus estimate of $324.09 million. During the same quarter in the prior year, the firm earned $1.43 EPS. Equities research analysts predict that Texas Capital Bancshares, Inc. will post 5.84 earnings per share for the current fiscal year.

Insider Transactions at Texas Capital Bancshares

In other news, Director Paola M. Arbour acquired 1,000 shares of Texas Capital Bancshares stock in a transaction that occurred on Wednesday, March 11th. The shares were acquired at an average price of $91.50 per share, for a total transaction of $91,500.00. Following the transaction, the director directly owned 6,671 shares of the company’s stock, valued at approximately $610,396.50. The trade was a 17.63% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Laura L. Whitley bought 500 shares of the stock in a transaction on Monday, January 26th. The stock was purchased 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 in the company, valued at approximately $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 purchased 49,500 shares of company stock worth $1,252,855. Corporate insiders own 1.72% of the company’s stock.

Texas Capital Bancshares Company 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.