JPMorgan Chase & Co. Has $22.31 Million Stock Position in Texas Capital Bancshares, Inc. $TCBI

JPMorgan Chase & Co. increased its position in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 5.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 263,975 shares of the bank’s stock after acquiring an additional 14,240 shares during the quarter. JPMorgan Chase & Co. owned about 0.58% of Texas Capital Bancshares worth $22,314,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Tudor Investment Corp ET AL bought a new position in Texas Capital Bancshares in the third quarter valued at about $855,000. Allworth Financial LP raised its holdings in Texas Capital Bancshares by 195.0% during the 3rd quarter. Allworth Financial LP now owns 646 shares of the bank’s stock worth $55,000 after purchasing an additional 427 shares during the last quarter. CIBC Private Wealth Group LLC lifted its position in Texas Capital Bancshares by 85.5% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,484 shares of the bank’s stock valued at $125,000 after purchasing an additional 684 shares during the period. CIBC Bancorp USA Inc. acquired a new position in Texas Capital Bancshares during the 3rd quarter valued at about $410,000. Finally, Faithward Advisors LLC bought a new position in shares of Texas Capital Bancshares in the 3rd quarter valued at about $3,817,000. Institutional investors own 96.88% of the company’s stock.

Wall Street Analyst Weigh In

TCBI has been the subject of several analyst reports. Piper Sandler lifted their price target on shares of Texas Capital Bancshares from $86.00 to $96.00 and gave the stock a “neutral” rating in a research report on Friday, January 23rd. TD Cowen increased their price objective on shares of Texas Capital Bancshares from $103.00 to $110.00 and gave the company a “hold” rating in a report on Monday, January 26th. Stephens raised their price objective on shares of Texas Capital Bancshares from $111.00 to $114.00 and gave the company an “overweight” rating in a research note on Friday, January 23rd. Citigroup lifted their target price on shares of Texas Capital Bancshares from $75.00 to $88.00 and gave the stock a “sell” rating in a report on Monday, January 26th. Finally, Hovde Group upped 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 report on Tuesday, January 27th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $101.17.

Texas Capital Bancshares Stock Performance

Shares of TCBI stock opened at $94.58 on Wednesday. The stock has a market cap of $4.18 billion, a PE ratio of 13.91, a price-to-earnings-growth ratio of 0.45 and a beta of 0.66. The stock has a 50-day moving average of $98.37 and a 200-day moving average of $91.83. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.00 and a quick ratio of 1.00. Texas Capital Bancshares, Inc. has a one year low of $59.37 and a one year high of $108.92.

Texas Capital Bancshares (NASDAQ:TCBI) last released its quarterly earnings data on Thursday, January 22nd. The bank reported $2.08 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.30. The business had revenue of $327.48 million for the quarter, compared to analyst estimates of $324.09 million. Texas Capital Bancshares had a net margin of 16.52% and a return on equity of 10.05%. During the same quarter last year, the firm earned $1.43 EPS. As a group, sell-side analysts expect that Texas Capital Bancshares, Inc. will post 5.84 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Laura L. Whitley purchased 500 shares of the firm’s stock in a transaction dated Monday, January 26th. The stock was bought at an average price of $97.51 per share, with a total value of $48,755.00. Following the acquisition, the director directly owned 7,961 shares of the company’s stock, valued at approximately $776,277.11. This represents a 6.70% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robert W. Stallings acquired 5,500 shares of the stock in a transaction that occurred on Friday, March 6th. The stock was purchased at an average price of $22.80 per share, with a total value of $125,400.00. Following the transaction, the director owned 175,087 shares in the company, valued at $3,991,983.60. This represents a 3.24% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last three months, insiders have bought 49,500 shares of company stock worth $1,252,855. Company insiders own 1.91% 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.