2 weeks Ago By Defense World Staff
Wells Fargo & Company MN grew its position in Texas Capital Bancshares, Inc. (NASDAQ:TCBI – Free Report) by 30.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC).
The firm owned 28,714 shares of the bank’s stock after purchasing an additional 6,618 shares during the quarter. Wells Fargo & Company MN owned approximately 0.06% of Texas Capital Bancshares worth $2,245,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in Texas Capital Bancshares by 0.
4% in the 4th quarter. Vanguard Group Inc. now owns 4,697,274 shares of the bank’s stock worth $367,327,000 after buying an additional 20,245 shares during the period.
Massachusetts Financial Services Co. MA lifted its position in shares of Texas Capital Bancshares by 22.9% in the fourth quarter.
Massachusetts Financial Services Co. MA now owns 744,833 shares of the bank’s stock valued at $58,246,000 after acquiring an additional 138,734 shares in the last quarter. William Blair Investment Management LLC boosted its stake in shares of Texas Capital Bancshares by 2.
5% in the fourth quarter. William Blair Investment Management LLC now owns 627,890 shares of the bank’s stock worth $49,101,000 after acquiring an additional 15,320 shares during the period. Charles Schwab Investment Management Inc.
grew its position in shares of Texas Capital Bancshares by 0.3% during the fourth quarter. Charles Schwab Investment Management Inc.
now owns 572,539 shares of the bank’s stock worth $44,773,000 after purchasing an additional 1,700 shares in the last quarter. Finally, Norges Bank purchased a new position in Texas Capital Bancshares in the 4th quarter worth approximately $42,050,000. 96.
88% of the stock is owned by hedge funds and other institutional investors. Texas Capital Bancshares Stock Down 0.5 %NASDAQ TCBI opened at $67.
89 on Friday. Texas Capital Bancshares, Inc. has a 52 week low of $56.
24 and a 52 week high of $91.80. The firm has a market capitalization of $3.
12 billion, a price-to-earnings ratio of 53.04, a PEG ratio of 0.75 and a beta of 0.
74. The company has a quick ratio of 1.00, a current ratio of 1.
00 and a debt-to-equity ratio of 0.22. The company has a fifty day moving average of $71.
75 and a two-hundred day moving average of $77.84. Texas Capital Bancshares (NASDAQ:TCBI – Get Free Report) last issued its quarterly earnings results on Thursday, April 17th.
The bank reported $0.92 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.
07). The firm had revenue of $280.48 million for the quarter, compared to the consensus estimate of $284.
40 million. Texas Capital Bancshares had a net margin of 3.99% and a return on equity of 9.
14%. On average, analysts predict that Texas Capital Bancshares, Inc. will post 5.
84 earnings per share for the current year. Analyst Upgrades and DowngradesA number of brokerages have issued reports on TCBI. Raymond James cut their price objective on shares of Texas Capital Bancshares from $87.
00 to $80.00 and set an “outperform” rating for the company in a report on Monday, April 21st. JPMorgan Chase & Co.
reduced their price target on shares of Texas Capital Bancshares from $78.00 to $70.00 and set an “underweight” rating on the stock in a report on Monday, April 21st.
Stephens dropped their price objective on shares of Texas Capital Bancshares from $95.00 to $90.00 and set an “overweight” rating for the company in a report on Monday, April 21st.
Hovde Group reduced their target price on Texas Capital Bancshares from $84.00 to $75.00 and set a “market perform” rating on the stock in a report on Monday, April 21st.
Finally, StockNews.com raised Texas Capital Bancshares from a “sell” rating to a “hold” rating in a research note on Friday, January 31st. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the stock.
Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $76.64.Get Our Latest Report on Texas Capital BancsharesInsider Transactions at Texas Capital BancsharesIn related news, Director Robert W.
Stallings bought 7,000 shares of the company’s stock in a transaction on Tuesday, February 4th. The shares were acquired at an average cost of $21.10 per share, for a total transaction of $147,700.
00. Following the purchase, the director now directly owns 202,413 shares of the company’s stock, valued at approximately $4,270,914.30.
The trade was a 3.58 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Over the last three months, insiders have acquired 28,732 shares of company stock worth $820,610. 1.72% of the stock is currently owned by company insiders.
Texas Capital Bancshares Company Profile (Free Report)Texas Capital Bancshares, Inc operates as the bank holding company for Texas Capital Bank, is a full-service financial services firm that delivers customized solutions to businesses, entrepreneurs, and individual customers. The company offers commercial banking; consumer banking; investment banking solutions, including capital markets, mergers and acquisitions, and syndicated finance, as well as financial sponsor coverage, capital solutions, and institutional services; and wealth management services, such as investment management, financial planning, lockbox and insurance, securities-based lending, estate planning, and business succession, as well as philanthropic, trustee and executor, custom credit, and depository services.Recommended StoriesFive stocks we like better than Texas Capital BancsharesWhat Does Downgrade Mean in Investing?Short Sellers Gave Up on These 3 Names RecentlyWhat is the FTSE 100 index? 3 Boring Stocks Outperforming the Market This YearWhat Are Growth Stocks and Investing in Them If You Wanted To Buy AbbVie and Didn’t, There’s Still Time To BuyWant to see what other hedge funds are holding TCBI? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Texas Capital Bancshares, Inc. (NASDAQ:TCBI – Free Report)..
