Quantbot Technologies LP Increases Stock Holdings in Texas Capital Bancshares, Inc. $TCBI

Quantbot Technologies LP increased its holdings in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 558.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 55,035 shares of the bank’s stock after buying an additional 46,673 shares during the period. Quantbot Technologies LP owned about 0.12% of Texas Capital Bancshares worth $4,652,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Cullen Frost Bankers Inc. acquired a new position in Texas Capital Bancshares during the third quarter worth about $39,000. True Wealth Design LLC increased its stake in shares of Texas Capital Bancshares by 106.8% during the 3rd quarter. True Wealth Design LLC now owns 643 shares of the bank’s stock worth $54,000 after purchasing an additional 332 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Texas Capital Bancshares by 452.6% during 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. Quent Capital LLC purchased a new stake in Texas Capital Bancshares in the 3rd quarter valued at approximately $60,000. Finally, GAMMA Investing LLC lifted its stake in Texas Capital Bancshares by 10.0% in the 3rd quarter. GAMMA Investing LLC now owns 1,332 shares of the bank’s stock valued at $113,000 after buying an additional 121 shares in the last quarter. 96.88% of the stock is currently owned by hedge funds and other institutional investors.

Texas Capital Bancshares Trading Down 6.1%

NASDAQ TCBI opened at $95.30 on Monday. The company has a market cap of $4.21 billion, a P/E ratio of 14.01, a P/E/G ratio of 0.46 and a beta of 0.66. Texas Capital Bancshares, Inc. has a 12 month low of $59.37 and a 12 month high of $108.92. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.00 and a quick ratio of 1.00. The company has a 50-day moving average of $98.66 and a 200-day moving average of $90.95.

Texas Capital Bancshares (NASDAQ:TCBI) last released its earnings results on Thursday, January 22nd. The bank reported $2.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.78 by $0.30. Texas Capital Bancshares had a net margin of 16.52% and a return on equity of 10.05%. The firm had revenue of $327.48 million during the quarter, compared to the consensus estimate of $324.09 million. During the same period in the previous year, the firm earned $1.43 earnings per share. As a group, equities analysts predict that Texas Capital Bancshares, Inc. will post 5.84 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Zacks Research raised Texas Capital Bancshares from a “hold” rating to a “strong-buy” rating in a report on Monday, February 2nd. JPMorgan Chase & Co. lifted their price objective on Texas Capital Bancshares from $92.00 to $105.00 and gave the stock an “underweight” rating in a research report on Tuesday, December 16th. Hovde Group boosted their target price on shares of Texas Capital Bancshares from $93.00 to $102.00 and gave the company a “market perform” rating in a research note on Tuesday, January 27th. Stephens raised their price target on shares of Texas Capital Bancshares from $111.00 to $114.00 and gave the stock an “overweight” rating in a research note on Friday, January 23rd. Finally, DA Davidson lifted their price target on shares of Texas Capital Bancshares from $94.00 to $104.00 and gave the stock a “neutral” rating in a report on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Texas Capital Bancshares currently has an average rating of “Hold” and a consensus target price of $101.17.

Insider Buying and Selling at Texas Capital Bancshares

In other news, Director Robert W. Stallings purchased 20,000 shares of the stock in a transaction on Monday, February 23rd. The stock was purchased at an average price of $22.14 per share, with a total value of $442,800.00. Following the completion of the transaction, the director owned 335,913 shares in the company, valued at approximately $7,437,113.82. The trade was a 6.33% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Laura L. Whitley purchased 500 shares of the firm’s stock in a transaction that occurred on Monday, January 26th. The shares were acquired at an average cost of $97.51 per share, with a total value of $48,755.00. Following the completion of the transaction, the director owned 7,961 shares in the company, valued at $776,277.11. This trade represents a 6.70% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have bought a total of 23,000 shares of company stock valued at $582,155 over the last three months. Corporate insiders own 1.72% of the company’s stock.

Texas Capital Bancshares Company 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.