BNP Paribas Financial Markets Has $8.06 Million Stake in Texas Capital Bancshares, Inc. $TCBI

BNP Paribas Financial Markets lifted its position in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 75.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 89,030 shares of the bank’s stock after purchasing an additional 38,214 shares during the quarter. BNP Paribas Financial Markets’ holdings in Texas Capital Bancshares were worth $8,061,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of TCBI. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Texas Capital Bancshares by 4.6% during the first 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 period. Goldman Sachs Group Inc. grew its holdings in Texas Capital Bancshares by 3.7% during the first quarter. Goldman Sachs Group Inc. now owns 560,070 shares of the bank’s stock worth $41,837,000 after buying an additional 20,231 shares in the last quarter. United Services Automobile Association bought a new stake in Texas Capital Bancshares during the first quarter worth $230,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Texas Capital Bancshares by 29.5% during the first 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 buying an additional 24,538 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in Texas Capital Bancshares by 34.0% during the second quarter. Invesco Ltd. now owns 149,559 shares of the bank’s stock worth $11,875,000 after buying an additional 37,982 shares in the last quarter. 96.88% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Texas Capital Bancshares

In other news, CEO Rob C. Holmes sold 49,500 shares of the company’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $101.22, for a total transaction of $5,010,390.00. Following the transaction, the chief executive officer owned 167,635 shares of the company’s stock, valued at $16,968,014.70. This represents a 22.80% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.91% of the stock is owned by corporate insiders.

Texas Capital Bancshares Stock Up 0.3%

Shares of NASDAQ:TCBI opened at $100.95 on Wednesday. The company has a market capitalization of $4.41 billion, a PE ratio of 13.57, a price-to-earnings-growth ratio of 1.43 and a beta of 0.67. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.01 and a quick ratio of 1.01. The business has a fifty day moving average price of $99.65 and a two-hundred day moving average price of $97.26. Texas Capital Bancshares, Inc. has a 1 year low of $73.61 and a 1 year high of $108.92.

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

Texas Capital Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Monday, June 1st. Texas Capital Bancshares’s dividend payout ratio is currently 10.75%.

Wall Street Analyst Weigh In

TCBI has been the subject of several recent research reports. Citigroup upped their price target on Texas Capital Bancshares from $88.00 to $96.00 and gave the stock a “sell” rating in a report on Tuesday, April 28th. Wall Street Zen upgraded Texas Capital Bancshares from a “sell” rating to a “hold” rating in a report on Sunday, May 17th. Piper Sandler upped their price target on Texas Capital Bancshares from $96.00 to $100.00 and gave the stock a “neutral” rating in a report on Friday, April 24th. Royal Bank Of Canada upped their price target on Texas Capital Bancshares from $110.00 to $114.00 and gave the stock a “sector perform” rating in a report on Friday, April 24th. Finally, Zacks Research downgraded Texas Capital Bancshares from a “strong-buy” rating to a “hold” rating in a report on Monday, March 30th. Four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $104.09.

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.