GSA Capital Partners LLP Purchases Shares of 7,085 Texas Capital Bancshares, Inc. $TCBI

GSA Capital Partners LLP acquired a new stake in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) in the second quarter, Holdings Channel.com reports. The firm acquired 7,085 shares of the bank’s stock, valued at approximately $732,000.

Several other institutional investors and hedge funds have also modified their holdings of TCBI. T. Rowe Price Investment Management Inc. boosted its stake in shares of Texas Capital Bancshares by 1.3% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,376,880 shares of the bank’s stock worth $305,743,000 after buying an additional 43,003 shares during the last quarter. AQR Capital Management LLC raised its position in Texas Capital Bancshares by 16.4% during the fourth quarter. AQR Capital Management LLC now owns 2,234,678 shares of the bank’s stock valued at $202,328,000 after acquiring an additional 315,484 shares in the last quarter. Geode Capital Management LLC raised its position in Texas Capital Bancshares by 2.9% during the fourth quarter. Geode Capital Management LLC now owns 1,197,494 shares of the bank’s stock valued at $108,436,000 after acquiring an additional 33,709 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in Texas Capital Bancshares by 2.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 596,149 shares of the bank’s stock valued at $53,975,000 after acquiring an additional 12,486 shares during the period. Finally, Norges Bank acquired a new position in Texas Capital Bancshares in the fourth quarter valued at approximately $51,728,000. Institutional investors and hedge funds own 96.88% of the company’s stock.

Insiders Place Their Bets

In other Texas Capital Bancshares news, insider Anna M. Alvarado sold 3,500 shares of the stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $100.95, for a total transaction of $353,325.00. Following the transaction, the insider directly owned 23,810 shares of the company’s stock, valued at $2,403,619.50. This trade represents a 12.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Ellen Detrich sold 2,045 shares of Texas Capital Bancshares stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $100.03, for a total transaction of $204,561.35. Following the completion of the sale, the insider owned 7,529 shares in the company, valued at approximately $753,125.87. This trade represents a 21.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 104,145 shares of company stock worth $10,570,584. Company insiders own 1.91% of the company’s stock.

Texas Capital Bancshares Stock Down 1.6%

Texas Capital Bancshares stock opened at $98.20 on Thursday. The stock has a market capitalization of $4.27 billion, a PE ratio of 12.77, a price-to-earnings-growth ratio of 1.22 and a beta of 0.68. Texas Capital Bancshares, Inc. has a 12 month low of $75.41 and a 12 month high of $108.92. The business has a 50 day simple moving average of $101.43 and a 200-day simple moving average of $99.79. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.00 and a quick ratio of 1.00.

Texas Capital Bancshares (NASDAQ:TCBI) last announced its earnings results on Wednesday, July 22nd. The bank reported $1.88 earnings per share for the quarter, topping the consensus estimate of $1.87 by $0.01. Texas Capital Bancshares had a return on equity of 10.86% and a net margin of 17.90%.The business had revenue of $335.50 million during the quarter, compared to the consensus estimate of $333.37 million. During the same period in the prior year, the company posted $1.63 EPS. The business’s quarterly revenue was up 9.1% on a year-over-year basis. On average, analysts anticipate that Texas Capital Bancshares, Inc. will post 7.39 EPS for the current fiscal year.

Texas Capital Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be given a dividend of $0.20 per share. The ex-dividend date is Tuesday, September 1st. This represents a $0.80 dividend on an annualized basis and a yield of 0.8%. Texas Capital Bancshares’s dividend payout ratio is currently 10.40%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Wall Street Zen cut shares of Texas Capital Bancshares from a “hold” rating to a “sell” rating in a research note on Saturday, June 27th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Texas Capital Bancshares in a report on Monday, July 6th. JPMorgan Chase & Co. boosted 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 note on Wednesday, July 1st. Piper Sandler raised their price target on shares of Texas Capital Bancshares from $96.00 to $100.00 and gave the company a “neutral” rating in a research report on Friday, April 24th. Finally, TD Cowen dropped their price target on shares of Texas Capital Bancshares from $109.00 to $106.00 and set a “hold” rating on the stock in a research report on Monday, July 27th. Four research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Texas Capital Bancshares has a consensus rating of “Hold” and a consensus target price of $105.83.

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.