Susquehanna Fundamental Investments LLC Increases Stock Position in Texas Capital Bancshares, Inc. $TCBI

Susquehanna Fundamental Investments LLC lifted its holdings in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 199.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,079 shares of the bank’s stock after purchasing an additional 6,047 shares during the period. Susquehanna Fundamental Investments LLC’s holdings in Texas Capital Bancshares were worth $937,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of TCBI. Danske Bank A S acquired a new stake in Texas Capital Bancshares during the 3rd quarter valued at $25,000. Farther Finance Advisors LLC raised its holdings in shares of Texas Capital Bancshares by 1,381.8% in the fourth quarter. Farther Finance Advisors LLC now owns 326 shares of the bank’s stock worth $30,000 after acquiring an additional 304 shares during the last quarter. Root Financial Partners LLC lifted its position in shares of Texas Capital Bancshares by 85.2% in the first quarter. Root Financial Partners LLC now owns 326 shares of the bank’s stock valued at $31,000 after acquiring an additional 150 shares in the last quarter. Advisory Services Network LLC purchased a new stake in shares of Texas Capital Bancshares in the third quarter valued at $32,000. Finally, Eurizon Capital SGR S.p.A. acquired a new stake in shares of Texas Capital Bancshares during the fourth quarter valued at $36,000. 96.88% of the stock is currently owned by institutional investors and hedge funds.

Texas Capital Bancshares Stock Performance

NASDAQ TCBI opened at $95.67 on Wednesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.00 and a quick ratio of 1.00. Texas Capital Bancshares, Inc. has a 1-year low of $75.41 and a 1-year high of $108.92. The firm has a market capitalization of $4.16 billion, a P/E ratio of 12.44, a P/E/G ratio of 1.18 and a beta of 0.66. The business’s 50-day simple moving average is $101.01 and its 200-day simple moving average is $99.41.

Texas Capital Bancshares (NASDAQ:TCBI) last posted its earnings results on Wednesday, July 22nd. The bank reported $1.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.87 by $0.01. Texas Capital Bancshares had a net margin of 17.90% and a return on equity of 10.86%. The firm had revenue of $335.50 million during the quarter, compared to the consensus estimate of $333.37 million. During the same quarter in the prior year, the company earned $1.63 EPS. The company’s revenue was up 9.1% on a year-over-year basis. Equities analysts predict that Texas Capital Bancshares, Inc. will post 7.39 EPS for the current year.

Texas Capital Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be given a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.80 annualized dividend and a dividend yield of 0.8%. Texas Capital Bancshares’s dividend payout ratio is presently 10.40%.

Insider Transactions at Texas Capital Bancshares

In other Texas Capital Bancshares news, insider Ellen Detrich sold 2,045 shares of the firm’s stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $100.03, for a total value of $204,561.35. Following the transaction, the insider directly owned 7,529 shares of the company’s stock, valued at $753,125.87. This trade represents a 21.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Rob C. Holmes sold 49,500 shares of the firm’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $101.22, for a total value of $5,010,390.00. Following the completion of the transaction, the chief executive officer directly owned 167,635 shares in the company, valued at $16,968,014.70. This trade represents a 22.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 104,145 shares of company stock valued at $10,570,584 over the last 90 days. Corporate insiders own 1.91% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on TCBI. Fundamental Research set a $110.00 target price on shares of Texas Capital Bancshares in a report on Wednesday, July 1st. Wall Street Zen upgraded shares of Texas Capital Bancshares from a “sell” rating to a “hold” rating in a report on Saturday. Weiss Ratings reissued a “buy (b)” rating on shares of Texas Capital Bancshares in a research report on Monday, July 6th. JPMorgan Chase & Co. upped their price objective on shares of Texas Capital Bancshares from $105.00 to $110.00 and gave the company an “underweight” rating in a research note on Wednesday, July 1st. Finally, Barclays upgraded shares of Texas Capital Bancshares from an “underweight” rating to an “equal weight” rating and set a $100.00 target price on the stock in a research report on Monday, August 3rd. Four investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Texas Capital Bancshares presently has a consensus rating of “Hold” and an average price target of $105.83.

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.