Jupiter Asset Management Ltd. Purchases 226,872 Shares of Texas Capital Bancshares, Inc. $TCBI

Jupiter Asset Management Ltd. raised its position in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 148.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 379,331 shares of the bank’s stock after acquiring an additional 226,872 shares during the quarter. Jupiter Asset Management Ltd. owned about 0.83% of Texas Capital Bancshares worth $32,065,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TCBI. Norges Bank acquired a new stake in Texas Capital Bancshares during the second quarter worth approximately $45,364,000. Azora Capital LP grew its position in shares of Texas Capital Bancshares by 141.3% during the 2nd quarter. Azora Capital LP now owns 930,014 shares of the bank’s stock worth $73,843,000 after buying an additional 544,590 shares during the period. SG Americas Securities LLC increased its stake in shares of Texas Capital Bancshares by 2,461.3% in the 3rd quarter. SG Americas Securities LLC now owns 132,934 shares of the bank’s stock valued at $11,237,000 after acquiring an additional 127,744 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of Texas Capital Bancshares by 7.1% in the 2nd quarter. AQR Capital Management LLC now owns 1,534,446 shares of the bank’s stock valued at $121,636,000 after acquiring an additional 101,675 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Texas Capital Bancshares by 69.8% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 234,762 shares of the bank’s stock valued at $18,640,000 after acquiring an additional 96,525 shares during the period. 96.88% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

TCBI has been the subject of a number of research reports. Hovde Group raised their price target on shares of Texas Capital Bancshares from $93.00 to $102.00 and gave the stock a “market perform” rating in a report on Tuesday, January 27th. Royal Bank Of Canada raised their target price on Texas Capital Bancshares from $105.00 to $110.00 and gave the company a “sector perform” rating in a research note on Friday, January 23rd. DA Davidson boosted their target price on Texas Capital Bancshares from $94.00 to $104.00 and gave the company a “neutral” rating in a research report on Friday, January 23rd. Piper Sandler increased their price target on Texas Capital Bancshares from $86.00 to $96.00 and gave the stock a “neutral” rating in a report on Friday, January 23rd. Finally, Zacks Research upgraded Texas Capital Bancshares from a “hold” rating to a “strong-buy” rating in a report on Monday, February 2nd. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, six have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $101.17.

Texas Capital Bancshares Stock Performance

Shares of Texas Capital Bancshares stock opened at $104.64 on Friday. Texas Capital Bancshares, Inc. has a 52 week low of $59.37 and a 52 week high of $108.92. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.19. The business has a 50 day moving average price of $98.05 and a 200-day moving average price of $90.06. The company has a market cap of $4.62 billion, a PE ratio of 15.39, a price-to-earnings-growth ratio of 0.51 and a beta of 0.68.

Texas Capital Bancshares (NASDAQ:TCBI) last announced its quarterly earnings results on Thursday, January 22nd. The bank reported $2.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.78 by $0.30. The business had revenue of $327.48 million during the quarter, compared to the consensus estimate of $324.09 million. Texas Capital Bancshares had a return on equity of 10.05% and a net margin of 16.52%.During the same quarter in the prior year, the company posted $1.43 earnings per share. Equities analysts anticipate that Texas Capital Bancshares, Inc. will post 5.84 earnings per share for the current fiscal year.

Insider Buying and Selling at Texas Capital Bancshares

In other news, Director Robert W. Stallings purchased 2,000 shares of the business’s stock in a transaction that occurred on Friday, January 23rd. The shares were acquired at an average cost of $20.91 per share, for a total transaction of $41,820.00. Following the completion of the acquisition, the director owned 277,913 shares in the company, valued at $5,811,160.83. This trade represents a 0.72% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Laura L. Whitley acquired 500 shares of Texas Capital Bancshares stock in a transaction on Monday, January 26th. The stock was purchased at an average cost of $97.51 per share, with a total value of $48,755.00. Following the completion of the transaction, the director directly owned 7,961 shares in the company, valued at $776,277.11. This represents a 6.70% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders bought 3,000 shares of company stock valued at $139,355. Company insiders own 1.72% of the company’s stock.

Texas Capital Bancshares 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.