Texas Capital Bancshares, Inc. $TCBI Shares Sold by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. lowered its position in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 20.3% in the fourth quarter, HoldingsChannel reports. The fund owned 302,365 shares of the bank’s stock after selling 76,966 shares during the quarter. Jupiter Asset Management Ltd.’s holdings in Texas Capital Bancshares were worth $27,376,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Texas Capital Bancshares by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,603 shares of the bank’s stock worth $2,062,000 after purchasing an additional 1,206 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Texas Capital Bancshares by 3.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 560,070 shares of the bank’s stock worth $41,837,000 after purchasing an additional 20,231 shares during the last quarter. United Services Automobile Association acquired a new position in shares of Texas Capital Bancshares during the 1st quarter worth about $230,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Texas Capital Bancshares by 29.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 107,761 shares of the bank’s stock worth $8,050,000 after purchasing an additional 24,538 shares during the last quarter. Finally, Invesco Ltd. raised its position in shares of Texas Capital Bancshares by 34.0% during the 2nd quarter. Invesco Ltd. now owns 149,559 shares of the bank’s stock worth $11,875,000 after purchasing an additional 37,982 shares during the last quarter. Institutional investors and hedge funds own 96.88% of the company’s stock.

Analysts Set New Price Targets

TCBI has been the subject of several research analyst reports. Wall Street Zen upgraded shares of Texas Capital Bancshares from a “sell” rating to a “hold” rating in a research report on Sunday, May 17th. JPMorgan Chase & Co. reduced their price target on shares of Texas Capital Bancshares from $105.00 to $100.00 and set an “underweight” rating for the company in a research report on Wednesday, April 1st. Zacks Research cut shares of Texas Capital Bancshares from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 30th. Piper Sandler upped their price objective on shares of Texas Capital Bancshares from $96.00 to $100.00 and gave the company a “neutral” rating in a research note on Friday, April 24th. Finally, Royal Bank Of Canada upped their price objective on shares of Texas Capital Bancshares from $110.00 to $114.00 and gave the company a “sector perform” rating in a research note on Friday, April 24th. Four investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, Texas Capital Bancshares has an average rating of “Hold” and a consensus price target of $104.09.

Insider Buying and Selling

In other Texas Capital Bancshares news, Director Robert W. Stallings bought 20,000 shares of Texas Capital Bancshares stock in a transaction on Thursday, March 5th. The shares were bought at an average cost of $22.69 per share, for a total transaction of $453,800.00. Following the acquisition, the director directly owned 169,587 shares in the company, valued at $3,847,929.03. This represents a 13.37% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Paola M. Arbour bought 1,000 shares of Texas Capital Bancshares stock in a transaction 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 completion of the acquisition, the director owned 6,671 shares in the company, valued at $610,396.50. This represents a 17.63% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased a total of 26,500 shares of company stock valued at $670,700 in the last ninety days. 1.91% of the stock is currently owned by corporate insiders.

Texas Capital Bancshares Stock Performance

NASDAQ:TCBI opened at $99.49 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a market capitalization of $4.34 billion, a P/E ratio of 13.37, a PEG ratio of 1.42 and a beta of 0.68. The company has a 50 day moving average price of $98.70 and a 200 day moving average price of $96.45. Texas Capital Bancshares, Inc. has a fifty-two week low of $70.11 and a fifty-two week high of $108.92.

Texas Capital Bancshares (NASDAQ:TCBI) last posted its quarterly earnings data on Thursday, April 23rd. The bank reported $1.58 earnings per share for the quarter, topping analysts’ consensus estimates of $1.42 by $0.16. The firm had revenue of $323.99 million during the quarter, compared to analysts’ expectations of $318.10 million. Texas Capital Bancshares had a net margin of 17.71% and a return on equity of 10.76%. The firm’s quarterly revenue was up 15.5% on a year-over-year basis. During the same quarter last year, the company posted $0.92 EPS. Equities research analysts forecast that Texas Capital Bancshares, Inc. will post 7.63 EPS for the current year.

Texas Capital Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.8%.

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.