Tieton Capital Management LLC Purchases Shares of 115,045 Texas Capital Bancshares, Inc. $TCBI

Tieton Capital Management LLC acquired a new stake in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 115,045 shares of the bank’s stock, valued at approximately $11,880,000. Texas Capital Bancshares comprises about 3.4% of Tieton Capital Management LLC’s portfolio, making the stock its 11th largest holding.

Several other large investors have also modified their holdings of TCBI. Danske Bank A S acquired a new position in shares of Texas Capital Bancshares in the 3rd quarter worth $25,000. Farther Finance Advisors LLC raised its position in shares of Texas Capital Bancshares by 1,381.8% during the fourth quarter. Farther Finance Advisors LLC now owns 326 shares of the bank’s stock worth $30,000 after purchasing an additional 304 shares during the period. Root Financial Partners LLC lifted its holdings in shares of Texas Capital Bancshares by 85.2% during the first quarter. Root Financial Partners LLC now owns 326 shares of the bank’s stock valued at $31,000 after purchasing an additional 150 shares during the last quarter. Advisory Services Network LLC acquired a new position in shares of Texas Capital Bancshares in the 3rd quarter valued at $32,000. Finally, Eurizon Capital SGR S.p.A. acquired a new position in shares of Texas Capital Bancshares in the 4th quarter valued at $36,000. 96.88% of the stock is owned by institutional investors.

Insider Activity

In related news, insider Anna M. Alvarado sold 3,500 shares of the business’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 value of $353,325.00. Following the completion of the sale, the insider owned 23,810 shares of the company’s stock, valued at approximately $2,403,619.50. The trade was a 12.82% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Ellen Detrich sold 2,045 shares of Texas Capital Bancshares stock in a transaction that occurred on 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 of the company’s stock, valued at $753,125.87. This trade represents a 21.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 104,145 shares of company stock worth $10,570,584 in the last three months. 1.91% of the stock is owned by insiders.

Texas Capital Bancshares Trading Down 1.6%

Shares of NASDAQ TCBI opened at $98.20 on Thursday. The business has a 50-day moving average price of $101.43 and a two-hundred day moving average price of $99.79. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $4.27 billion, a PE ratio of 12.77, a PEG ratio of 1.22 and a beta of 0.68. 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 announced its quarterly earnings data on Wednesday, July 22nd. The bank reported $1.88 EPS for the quarter, beating analysts’ consensus estimates of $1.87 by $0.01. The firm had revenue of $335.50 million for the quarter, compared to the consensus estimate of $333.37 million. Texas Capital Bancshares had a net margin of 17.90% and a return on equity of 10.86%. The firm’s revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.63 earnings per share. As a group, analysts predict that Texas Capital Bancshares, Inc. will post 7.39 earnings per share for the current fiscal year.

Texas Capital Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be given a dividend of $0.20 per share. The ex-dividend date of this dividend 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 (DPR) is presently 10.40%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. JPMorgan Chase & Co. boosted their price objective on Texas Capital Bancshares from $105.00 to $110.00 and gave the stock an “underweight” rating in a report on Wednesday, July 1st. Wall Street Zen cut shares of Texas Capital Bancshares from a “hold” rating to a “sell” rating in a report on Saturday, June 27th. Barclays raised shares of Texas Capital Bancshares from an “underweight” rating to an “equal weight” rating and set a $100.00 target price on the stock in a research report on Monday, August 3rd. TD Cowen cut 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 report on Monday, July 27th. Finally, Royal Bank Of Canada upped their price target on shares of Texas Capital Bancshares from $110.00 to $114.00 and gave the company a “sector perform” rating in a research report on Friday, April 24th. Four research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Texas Capital Bancshares currently has an average rating of “Hold” and a consensus price target 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.