Voya Investment Management LLC Has $4.20 Million Stock Holdings in Texas Capital Bancshares, Inc. $TCBI

Voya Investment Management LLC raised its stake in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 297.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 49,679 shares of the bank’s stock after buying an additional 37,195 shares during the period. Voya Investment Management LLC’s holdings in Texas Capital Bancshares were worth $4,199,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of TCBI. Ameritas Advisory Services LLC acquired a new stake in Texas Capital Bancshares during the second quarter valued at $52,000. EverSource Wealth Advisors LLC increased its position in Texas Capital Bancshares by 452.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 746 shares of the bank’s stock worth $59,000 after purchasing an additional 611 shares during the last quarter. UMB Bank n.a. increased its position in Texas Capital Bancshares by 29.7% in the 2nd quarter. UMB Bank n.a. now owns 756 shares of the bank’s stock worth $60,000 after purchasing an additional 173 shares during the last quarter. State of Wyoming purchased a new stake in shares of Texas Capital Bancshares during the 1st quarter worth about $70,000. Finally, GAMMA Investing LLC lifted its holdings in shares of Texas Capital Bancshares by 45.7% during the 2nd quarter. GAMMA Investing LLC now owns 1,211 shares of the bank’s stock valued at $96,000 after buying an additional 380 shares during the last quarter. 96.88% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. JPMorgan Chase & Co. raised their price objective on shares of Texas Capital Bancshares from $92.00 to $105.00 and gave the company an “underweight” rating in a research report on Tuesday, December 16th. Barclays raised their price target on shares of Texas Capital Bancshares from $85.00 to $90.00 and gave the company an “underweight” rating in a report on Tuesday, November 11th. Keefe, Bruyette & Woods increased their target price on shares of Texas Capital Bancshares from $98.00 to $100.00 and gave the stock an “outperform” rating in a research report on Monday, October 27th. Piper Sandler raised their target price on Texas Capital Bancshares from $84.00 to $86.00 and gave the company a “neutral” rating in a report on Thursday, October 23rd. Finally, DA Davidson reiterated a “neutral” rating and set a $91.00 price target on shares of Texas Capital Bancshares in a research note on Thursday, November 20th. Four research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $89.40.

Texas Capital Bancshares Trading Up 0.3%

Shares of NASDAQ:TCBI opened at $93.68 on Friday. 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 stock’s 50-day moving average is $88.55 and its 200-day moving average is $85.46. The company has a market cap of $4.28 billion, a P/E ratio of 15.33, a P/E/G ratio of 0.60 and a beta of 0.68. Texas Capital Bancshares, Inc. has a 52-week low of $59.37 and a 52-week high of $98.07.

Texas Capital Bancshares (NASDAQ:TCBI) last announced its earnings results on Wednesday, October 22nd. The bank reported $2.18 earnings per share for the quarter, beating the consensus estimate of $1.77 by $0.41. The firm had revenue of $340.35 million during the quarter, compared to the consensus estimate of $327.13 million. Texas Capital Bancshares had a return on equity of 9.51% and a net margin of 15.14%.The firm’s revenue for the quarter was up 171.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($1.41) EPS. Equities research analysts predict that Texas Capital Bancshares, Inc. will post 5.84 earnings per share for the current year.

Insider Buying and Selling at Texas Capital Bancshares

In other Texas Capital Bancshares news, Director Robert W. Stallings acquired 5,000 shares of Texas Capital Bancshares stock in a transaction dated Monday, October 27th. The stock was bought at an average cost of $20.68 per share, with a total value of $103,400.00. Following the completion of the transaction, the director owned 275,913 shares of the company’s stock, valued at $5,705,880.84. The trade was a 1.85% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.72% of the company’s stock.

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.