Hodges Capital Management Inc. Has $13.16 Million Holdings in Texas Capital Bancshares, Inc. $TCBI

Hodges Capital Management Inc. increased its holdings in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 14.0% during the 1st quarter, HoldingsChannel.com reports. The firm owned 138,660 shares of the bank’s stock after purchasing an additional 17,033 shares during the period. Texas Capital Bancshares accounts for approximately 1.1% of Hodges Capital Management Inc.’s investment portfolio, making the stock its 25th biggest holding. Hodges Capital Management Inc.’s holdings in Texas Capital Bancshares were worth $13,156,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of TCBI. Danske Bank A S bought a new position in Texas Capital Bancshares during the 3rd quarter worth $25,000. Farther Finance Advisors LLC grew its position in shares of Texas Capital Bancshares by 1,381.8% in the 4th quarter. Farther Finance Advisors LLC now owns 326 shares of the bank’s stock valued at $30,000 after buying an additional 304 shares during the last quarter. Root Financial Partners LLC grew its position in shares of Texas Capital Bancshares by 85.2% in the 1st quarter. Root Financial Partners LLC now owns 326 shares of the bank’s stock valued at $31,000 after buying an additional 150 shares during the last quarter. Advisory Services Network LLC acquired a new stake in shares of Texas Capital Bancshares in the third quarter valued at about $32,000. Finally, Thurston Springer Miller Herd & Titak Inc. increased 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 during the period. 96.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently commented 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 research note on Friday, April 24th. JPMorgan Chase & Co. increased their target price on shares of Texas Capital Bancshares from $105.00 to $110.00 and gave the company an “underweight” rating in a research report on Wednesday, July 1st. Wall Street Zen lowered shares of Texas Capital Bancshares from a “hold” rating to a “sell” rating in a report on Saturday, June 27th. Piper Sandler boosted their price target on shares of Texas Capital Bancshares from $96.00 to $100.00 and gave the stock a “neutral” rating in a research report on Friday, April 24th. Finally, Citigroup raised shares of Texas Capital Bancshares from a “sell” rating to a “neutral” rating and upped their price objective for the company from $96.00 to $105.00 in a research note on Tuesday, June 30th. Four investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $106.17.

Insider Activity

In other news, CEO Rob C. Holmes sold 49,500 shares of the business’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 completion of the transaction, the chief executive officer owned 167,635 shares of the company’s stock, valued at approximately $16,968,014.70. The trade was a 22.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Anna M. Alvarado sold 3,500 shares of the company’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $100.95, for a total transaction of $353,325.00. Following the completion of the transaction, the insider owned 23,810 shares in the company, valued at approximately $2,403,619.50. This trade represents a 12.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 102,100 shares of company stock worth $10,366,023. Insiders own 1.91% of the company’s stock.

Texas Capital Bancshares Price Performance

Shares of NASDAQ:TCBI opened at $103.95 on Monday. The firm has a fifty day moving average price of $100.26 and a two-hundred day moving average price of $98.48. The company has a market cap of $4.54 billion, a price-to-earnings ratio of 13.97, a PEG ratio of 1.49 and a beta of 0.67. 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 one year low of $75.41 and a one year high of $108.92.

Texas Capital Bancshares (NASDAQ:TCBI) last issued its quarterly earnings data on Thursday, April 23rd. The bank reported $1.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.16. The company had revenue of $323.99 million for the quarter, compared to the consensus estimate of $318.10 million. Texas Capital Bancshares had a return on equity of 10.76% and a net margin of 17.71%.The firm’s revenue was up 15.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.92 earnings per share. Analysts anticipate that Texas Capital Bancshares, Inc. will post 7.56 EPS for the current fiscal year.

Texas Capital Bancshares Announces Dividend

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