UBS Group AG Sells 289,312 Shares of Texas Capital Bancshares, Inc. $TCBI

UBS Group AG trimmed its position in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 71.7% during the fourth quarter, HoldingsChannel reports. The firm owned 114,380 shares of the bank’s stock after selling 289,312 shares during the quarter. UBS Group AG’s holdings in Texas Capital Bancshares were worth $10,356,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TCBI. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Texas Capital Bancshares by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,603 shares of the bank’s stock worth $2,062,000 after purchasing an additional 1,206 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Texas Capital Bancshares by 3.7% during the first quarter. Goldman Sachs Group Inc. now owns 560,070 shares of the bank’s stock worth $41,837,000 after purchasing an additional 20,231 shares in the last quarter. United Services Automobile Association bought a new position in shares of Texas Capital Bancshares during the first quarter worth $230,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position 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 worth $8,050,000 after purchasing an additional 24,538 shares in the last quarter. Finally, Invesco Ltd. boosted its position in shares of Texas Capital Bancshares by 34.0% during the second quarter. Invesco Ltd. now owns 149,559 shares of the bank’s stock worth $11,875,000 after purchasing an additional 37,982 shares in the last quarter. 96.88% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

TCBI has been the topic of a number of research analyst reports. Weiss Ratings restated a “buy (b-)” rating on shares of Texas Capital Bancshares in a report on Wednesday, January 28th. Barclays raised their price objective on shares of Texas Capital Bancshares from $90.00 to $100.00 and gave the stock an “underweight” rating in a report on Friday, January 23rd. DA Davidson raised their price objective 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. Royal Bank Of Canada raised their price objective on shares of Texas Capital Bancshares from $110.00 to $114.00 and gave the stock a “sector perform” rating in a report on Friday, April 24th. Finally, Zacks Research lowered shares of Texas Capital Bancshares from a “strong-buy” rating to a “hold” rating in a report on Monday, March 30th. Four analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $102.08.

Insider Buying and Selling at Texas Capital Bancshares

In other Texas Capital Bancshares news, Director Paola M. Arbour purchased 1,000 shares of the stock in a transaction on Wednesday, March 11th. The shares were purchased at an average cost of $91.50 per share, for a total transaction of $91,500.00. Following the purchase, the director owned 6,671 shares of the company’s stock, valued at approximately $610,396.50. This represents a 17.63% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert W. Stallings purchased 5,500 shares of the stock in a transaction on Friday, March 6th. The stock was acquired at an average price of $22.80 per share, for a total transaction of $125,400.00. Following the completion of the purchase, the director directly owned 175,087 shares in the company, valued at approximately $3,991,983.60. The trade was a 3.24% increase in their position. The SEC filing for this purchase provides additional information. Insiders acquired a total of 46,500 shares of company stock worth $1,113,500 over the last quarter. Company insiders own 1.91% of the company’s stock.

Texas Capital Bancshares Trading Down 1.2%

Shares of NASDAQ:TCBI opened at $95.98 on Friday. Texas Capital Bancshares, Inc. has a 12 month low of $70.00 and a 12 month high of $108.92. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.27. The company’s fifty day simple moving average is $97.36 and its 200 day simple moving average is $95.44. The firm has a market cap of $4.19 billion, a price-to-earnings ratio of 12.90, a PEG ratio of 1.36 and a beta of 0.68.

Texas Capital Bancshares (NASDAQ:TCBI) last issued its quarterly earnings results on Thursday, April 23rd. The bank reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.16. Texas Capital Bancshares had a net margin of 17.71% and a return on equity of 10.76%. The firm had revenue of $323.99 million for the quarter, compared to analyst estimates of $318.10 million. During the same period in the previous year, the business earned $0.92 EPS. The company’s revenue was up 15.5% compared to the same quarter last year. As a group, research analysts forecast that Texas Capital Bancshares, Inc. will post 7.63 EPS for the current fiscal year.

Texas Capital Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.8%. The ex-dividend date is Monday, June 1st.

About Texas Capital Bancshares

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.