Texas Capital Bancshares, Inc. $TCBI Shares Sold by Banc Funds Co. LLC

Banc Funds Co. LLC lessened its position in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 10.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 133,205 shares of the bank’s stock after selling 16,000 shares during the period. Texas Capital Bancshares makes up 2.0% of Banc Funds Co. LLC’s portfolio, making the stock its 11th biggest position. Banc Funds Co. LLC owned approximately 0.29% of Texas Capital Bancshares worth $11,260,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Texas Capital Bancshares by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,603 shares of the bank’s stock valued at $2,062,000 after purchasing an additional 1,206 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Texas Capital Bancshares by 3.7% in the first quarter. Goldman Sachs Group Inc. now owns 560,070 shares of the bank’s stock valued at $41,837,000 after purchasing an additional 20,231 shares during the period. United Services Automobile Association acquired a new stake in shares of Texas Capital Bancshares in the first quarter valued at approximately $230,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of 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 valued at $8,050,000 after buying an additional 24,538 shares during the last quarter. Finally, Police & Firemen s Retirement System of New Jersey raised its holdings in shares of Texas Capital Bancshares by 6.0% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 10,468 shares of the bank’s stock valued at $831,000 after buying an additional 593 shares during the last quarter. 96.88% of the stock is currently owned by institutional investors.

Texas Capital Bancshares Price Performance

NASDAQ:TCBI opened at $92.52 on Friday. The business’s 50-day moving average price is $98.85 and its 200 day moving average price is $91.51. The firm has a market cap of $4.09 billion, a P/E ratio of 13.61, a PEG ratio of 0.45 and a beta of 0.66. Texas Capital Bancshares, Inc. has a 52-week low of $59.37 and a 52-week high of $108.92. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.19.

Texas Capital Bancshares (NASDAQ:TCBI) last issued its quarterly earnings results on Thursday, January 22nd. The bank reported $2.08 earnings per share 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 company had revenue of $327.48 million during the quarter, compared to the consensus estimate of $324.09 million. During the same period in the prior year, the company earned $1.43 EPS. As a group, sell-side analysts predict that Texas Capital Bancshares, Inc. will post 5.84 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

TCBI has been the subject of a number of recent analyst reports. Hovde Group increased their price objective on Texas Capital Bancshares from $93.00 to $102.00 and gave the stock a “market perform” rating in a report on Tuesday, January 27th. Barclays lifted their target price on Texas Capital Bancshares from $90.00 to $100.00 and gave the company an “underweight” rating in a research note on Friday, January 23rd. Piper Sandler boosted their price target on Texas Capital Bancshares from $86.00 to $96.00 and gave the stock a “neutral” rating in a research report on Friday, January 23rd. Stephens raised their price target on Texas Capital Bancshares from $111.00 to $114.00 and gave the company an “overweight” rating in a report on Friday, January 23rd. Finally, DA Davidson lifted their price objective on shares of Texas Capital Bancshares from $94.00 to $104.00 and gave the company a “neutral” rating in a research note on Friday, January 23rd. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $101.17.

Insider Buying and Selling

In other Texas Capital Bancshares news, Director Robert W. Stallings bought 5,500 shares of the company’s stock in a transaction that occurred on Friday, March 6th. The shares were acquired at an average cost of $22.80 per share, for a total transaction of $125,400.00. Following the acquisition, the director directly owned 175,087 shares of the company’s stock, valued at $3,991,983.60. This trade represents a 3.24% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, Director Laura L. Whitley bought 500 shares of Texas Capital Bancshares stock in a transaction that occurred on Monday, January 26th. The shares were acquired at an average price of $97.51 per share, with a total value of $48,755.00. Following the completion of the acquisition, the director directly owned 7,961 shares of the company’s stock, valued at $776,277.11. This represents a 6.70% increase in their position. The SEC filing for this purchase provides additional information. Insiders have acquired 49,500 shares of company stock worth $1,252,855 in the last ninety days. 1.72% of the stock is currently owned by corporate insiders.

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.