Texas Capital Bancshares, Inc. $TCBI Stake Decreased by Azora Capital LP

Azora Capital LP cut its holdings in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 34.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 675,833 shares of the bank’s stock after selling 360,780 shares during the quarter. Texas Capital Bancshares accounts for 3.9% of Azora Capital LP’s portfolio, making the stock its 10th biggest holding. Azora Capital LP’s holdings in Texas Capital Bancshares were worth $61,190,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Danske Bank A S purchased a new stake in shares of Texas Capital Bancshares in the third quarter valued at approximately $25,000. Farther Finance Advisors LLC boosted its stake in shares of Texas Capital Bancshares by 1,381.8% in the fourth quarter. Farther Finance Advisors LLC now owns 326 shares of the bank’s stock valued at $30,000 after buying an additional 304 shares in the last quarter. Advisory Services Network LLC purchased a new stake in shares of Texas Capital Bancshares in the third quarter valued at approximately $32,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of Texas Capital Bancshares by 169.7% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 391 shares of the bank’s stock valued at $35,000 after buying an additional 246 shares in the last quarter. Finally, Eurizon Capital SGR S.p.A. purchased a new stake in shares of Texas Capital Bancshares in the fourth quarter valued at approximately $36,000. 96.88% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Anna M. Alvarado sold 3,500 shares of the company’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $100.95, for a total value of $353,325.00. Following the completion of the transaction, the insider directly owned 23,810 shares in the company, valued at approximately $2,403,619.50. This represents a 12.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Rob C. Holmes sold 49,500 shares of the company’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $101.22, for a total value of $5,010,390.00. Following the completion of the transaction, the chief executive officer 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. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 102,100 shares of company stock valued at $10,366,023. Insiders own 1.91% of the company’s stock.

Texas Capital Bancshares Stock Performance

Shares of TCBI stock opened at $99.31 on Thursday. Texas Capital Bancshares, Inc. has a 1 year low of $73.61 and a 1 year high of $108.92. The stock has a market cap of $4.34 billion, a PE ratio of 13.35, a P/E/G ratio of 1.43 and a beta of 0.67. The stock has a fifty day moving average price of $100.26 and a 200 day moving average price of $97.76. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.01 and a current ratio of 1.01.

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

Texas Capital Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Monday, June 1st. Texas Capital Bancshares’s payout ratio is 10.75%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on TCBI. Royal Bank Of Canada lifted their price objective on Texas Capital Bancshares from $110.00 to $114.00 and gave the stock a “sector perform” rating in a report on Friday, April 24th. Citigroup lifted their price objective on Texas Capital Bancshares from $88.00 to $96.00 and gave the stock a “sell” rating in a report on Tuesday, April 28th. Wall Street Zen raised Texas Capital Bancshares from a “sell” rating to a “hold” rating in a report on Sunday, May 17th. Piper Sandler lifted their price objective on Texas Capital Bancshares from $96.00 to $100.00 and gave the stock a “neutral” rating in a report on Friday, April 24th. Finally, JPMorgan Chase & Co. reduced their price objective on Texas Capital Bancshares from $105.00 to $100.00 and set an “underweight” rating for the company in a report on Wednesday, April 1st. Four analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, Texas Capital Bancshares currently has an average rating of “Hold” and a consensus price target of $104.09.

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.