Hodges Capital Management Inc. Has $11.01 Million Stock Position in Texas Capital Bancshares, Inc. $TCBI

Hodges Capital Management Inc. decreased its holdings in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 4.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 121,627 shares of the bank’s stock after selling 5,632 shares during the quarter. Hodges Capital Management Inc. owned approximately 0.27% of Texas Capital Bancshares worth $11,012,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. AQR Capital Management LLC increased its stake in shares of Texas Capital Bancshares by 25.1% during the 3rd quarter. AQR Capital Management LLC now owns 1,919,194 shares of the bank’s stock worth $162,229,000 after purchasing an additional 384,748 shares during the last quarter. Geode Capital Management LLC grew its stake in Texas Capital Bancshares by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 1,197,494 shares of the bank’s stock valued at $108,436,000 after buying an additional 33,709 shares during the last quarter. Azora Capital LP grew its stake in Texas Capital Bancshares by 11.5% in the 3rd quarter. Azora Capital LP now owns 1,036,613 shares of the bank’s stock valued at $87,625,000 after buying an additional 106,599 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in Texas Capital Bancshares by 2.2% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 847,583 shares of the bank’s stock valued at $76,740,000 after buying an additional 18,258 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in Texas Capital Bancshares by 2.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 596,149 shares of the bank’s stock valued at $53,975,000 after buying an additional 12,486 shares during the last quarter. Institutional investors and hedge funds own 96.88% of the company’s stock.

Insider Transactions at Texas Capital Bancshares

In other news, insider Anna M. Alvarado sold 3,500 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $100.95, for a total transaction of $353,325.00. Following the completion of the transaction, the insider directly owned 23,810 shares of the company’s stock, valued at approximately $2,403,619.50. This trade represents a 12.82% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Rob C. Holmes sold 49,500 shares of the firm’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $101.22, for a total transaction of $5,010,390.00. Following the transaction, the chief executive officer directly owned 167,635 shares of the company’s stock, valued at $16,968,014.70. The trade was a 22.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 102,100 shares of company stock valued at $10,366,023 over the last ninety days. 1.91% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. JPMorgan Chase & Co. lowered their target price on shares of Texas Capital Bancshares from $105.00 to $100.00 and set an “underweight” rating on the stock in a research note on Wednesday, April 1st. Royal Bank Of Canada raised their target price on shares of Texas Capital Bancshares from $110.00 to $114.00 and gave the company a “sector perform” rating in a research note on Friday, April 24th. Wall Street Zen upgraded shares of Texas Capital Bancshares from a “sell” rating to a “hold” rating in a research note on Sunday, May 17th. Zacks Research lowered shares of Texas Capital Bancshares from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 30th. Finally, Piper Sandler raised their target price on shares of Texas Capital Bancshares from $96.00 to $100.00 and gave the company a “neutral” rating in a research note on Friday, April 24th. Four equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $104.09.

Texas Capital Bancshares Price Performance

Shares of Texas Capital Bancshares stock opened at $100.19 on Thursday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.01 and a quick ratio of 1.01. Texas Capital Bancshares, Inc. has a fifty-two week low of $73.61 and a fifty-two week high of $108.92. The firm has a fifty day moving average price of $99.80 and a two-hundred day moving average price of $97.37. The company has a market cap of $4.38 billion, a PE ratio of 13.47, a price-to-earnings-growth ratio of 1.43 and a beta of 0.67.

Texas Capital Bancshares (NASDAQ:TCBI) last released its quarterly earnings data on Thursday, April 23rd. The bank reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.42 by $0.16. The company had revenue of $323.99 million during the quarter, compared to the consensus estimate of $318.10 million. Texas Capital Bancshares had a net margin of 17.71% and a return on equity of 10.76%. The firm’s revenue for the quarter was up 15.5% compared to the same quarter last year. During the same period last year, the firm earned $0.92 EPS. Analysts expect that Texas Capital Bancshares, Inc. will post 7.63 EPS for the current year.

Texas Capital Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Monday, June 1st. Texas Capital Bancshares’s dividend payout ratio (DPR) is presently 10.75%.

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.