Bessemer Group Inc. Increases Stock Holdings in Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Bessemer Group Inc. boosted its position in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 7.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 170,832 shares of the bank’s stock after acquiring an additional 11,211 shares during the period. Bessemer Group Inc. owned 0.37% of Texas Capital Bancshares worth $10,514,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. SummerHaven Investment Management LLC raised its holdings in shares of Texas Capital Bancshares by 1.4% in the 4th quarter. SummerHaven Investment Management LLC now owns 13,134 shares of the bank’s stock valued at $849,000 after acquiring an additional 175 shares in the last quarter. Retirement Systems of Alabama raised its stake in Texas Capital Bancshares by 0.3% in the fourth quarter. Retirement Systems of Alabama now owns 60,143 shares of the bank’s stock valued at $3,887,000 after purchasing an additional 208 shares in the last quarter. ProShare Advisors LLC lifted its position in Texas Capital Bancshares by 3.3% during the first quarter. ProShare Advisors LLC now owns 10,804 shares of the bank’s stock valued at $665,000 after purchasing an additional 344 shares during the last quarter. Headlands Technologies LLC grew its stake in Texas Capital Bancshares by 41.9% in the 4th quarter. Headlands Technologies LLC now owns 1,613 shares of the bank’s stock worth $104,000 after buying an additional 476 shares in the last quarter. Finally, CWM LLC increased its holdings in shares of Texas Capital Bancshares by 426.6% in the 1st quarter. CWM LLC now owns 674 shares of the bank’s stock worth $41,000 after buying an additional 546 shares during the last quarter. Institutional investors own 96.88% of the company’s stock.

Insider Activity at Texas Capital Bancshares

In other Texas Capital Bancshares news, Director Robert W. Stallings acquired 3,000 shares of the company’s stock in a transaction on Tuesday, May 7th. The stock was acquired at an average price of $19.70 per share, for a total transaction of $59,100.00. Following the acquisition, the director now owns 153,706 shares in the company, valued at approximately $3,028,008.20. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director Robert W. Stallings bought 6,000 shares of the business’s stock in a transaction dated Monday, May 20th. The shares were purchased at an average price of $19.52 per share, with a total value of $117,120.00. Following the purchase, the director now owns 163,706 shares of the company’s stock, valued at approximately $3,195,541.12. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Robert W. Stallings purchased 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The stock was bought at an average cost of $19.70 per share, with a total value of $59,100.00. Following the completion of the purchase, the director now owns 153,706 shares of the company’s stock, valued at $3,028,008.20. The disclosure for this purchase can be found here. Insiders have acquired a total of 15,004 shares of company stock worth $292,878 in the last 90 days. Company insiders own 0.99% of the company’s stock.

Texas Capital Bancshares Trading Up 2.1 %

Shares of NASDAQ TCBI traded up $1.39 during mid-day trading on Thursday, hitting $66.51. The stock had a trading volume of 66,164 shares, compared to its average volume of 428,327. The business has a 50 day moving average price of $60.87 and a two-hundred day moving average price of $60.26. Texas Capital Bancshares, Inc. has a 1 year low of $52.89 and a 1 year high of $72.07. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.99 and a current ratio of 1.00. The firm has a market cap of $3.07 billion, a P/E ratio of 19.73, a price-to-earnings-growth ratio of 1.75 and a beta of 1.15.

Texas Capital Bancshares (NASDAQ:TCBI) last released its quarterly earnings data on Thursday, July 18th. The bank reported $0.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.06). The firm had revenue of $472.49 million during the quarter, compared to analysts’ expectations of $268.02 million. Texas Capital Bancshares had a net margin of 8.08% and a return on equity of 6.05%. During the same quarter in the previous year, the firm posted $1.33 EPS. On average, equities analysts anticipate that Texas Capital Bancshares, Inc. will post 3.42 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Wedbush lifted their price objective on shares of Texas Capital Bancshares from $62.00 to $70.00 and gave the stock a “neutral” rating in a report on Friday, July 19th. Raymond James lowered Texas Capital Bancshares from a “strong-buy” rating to a “market perform” rating in a research note on Thursday, April 4th. Hovde Group reduced their price objective on Texas Capital Bancshares from $87.50 to $61.50 and set a “market perform” rating on the stock in a research report on Friday, April 19th. Citigroup restated a “sell” rating and issued a $60.00 target price on shares of Texas Capital Bancshares in a research report on Monday. Finally, Royal Bank of Canada reduced their price target on shares of Texas Capital Bancshares from $68.00 to $66.00 and set a “sector perform” rating on the stock in a research report on Tuesday, April 9th. Five equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Texas Capital Bancshares currently has an average rating of “Hold” and a consensus target price of $65.19.

Texas Capital Bancshares Company Profile

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.