Barclays PLC Grows Stock Holdings in Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Barclays PLC increased its stake in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 19.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 108,950 shares of the bank’s stock after purchasing an additional 17,863 shares during the period. Barclays PLC owned approximately 0.24% of Texas Capital Bancshares worth $7,786,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. AlphaMark Advisors LLC raised its stake in Texas Capital Bancshares by 2.6% during the 3rd quarter. AlphaMark Advisors LLC now owns 5,396 shares of the bank’s stock valued at $386,000 after buying an additional 139 shares during the last quarter. Blue Trust Inc. increased its position in Texas Capital Bancshares by 89.9% during the third quarter. Blue Trust Inc. now owns 357 shares of the bank’s stock valued at $26,000 after acquiring an additional 169 shares during the last quarter. State of Alaska Department of Revenue lifted its holdings in Texas Capital Bancshares by 3.5% in the third quarter. State of Alaska Department of Revenue now owns 5,366 shares of the bank’s stock valued at $383,000 after acquiring an additional 180 shares during the period. Tectonic Advisors LLC boosted its position in Texas Capital Bancshares by 1.1% in the third quarter. Tectonic Advisors LLC now owns 22,818 shares of the bank’s stock worth $1,631,000 after purchasing an additional 244 shares during the last quarter. Finally, SummerHaven Investment Management LLC grew its stake in shares of Texas Capital Bancshares by 1.9% during the 2nd quarter. SummerHaven Investment Management LLC now owns 13,540 shares of the bank’s stock valued at $828,000 after purchasing an additional 257 shares during the period. Institutional investors own 96.88% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on TCBI. StockNews.com raised shares of Texas Capital Bancshares from a “sell” rating to a “hold” rating in a report on Wednesday, November 6th. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $74.00 price objective on shares of Texas Capital Bancshares in a research report on Monday, September 9th. Raymond James upgraded Texas Capital Bancshares from a “market perform” rating to an “outperform” rating and set a $78.00 price objective for the company in a research note on Tuesday, September 17th. Hovde Group boosted their price target on Texas Capital Bancshares from $73.00 to $79.00 and gave the company a “market perform” rating in a report on Friday, October 18th. Finally, Barclays raised their price objective on Texas Capital Bancshares from $60.00 to $71.00 and gave the stock an “underweight” rating in a research note on Thursday, December 5th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Texas Capital Bancshares currently has an average rating of “Hold” and a consensus target price of $74.69.

Insider Transactions at Texas Capital Bancshares

In other Texas Capital Bancshares news, Director Robert W. Stallings bought 20,000 shares of Texas Capital Bancshares stock in a transaction dated Tuesday, October 22nd. The shares were purchased at an average cost of $21.28 per share, for a total transaction of $425,600.00. Following the acquisition, the director now directly owns 84,587 shares in the company, valued at approximately $1,800,011.36. This represents a 30.97 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Insiders own 1.53% of the company’s stock.

Texas Capital Bancshares Stock Performance

Shares of NASDAQ TCBI opened at $82.35 on Wednesday. The company has a market cap of $3.81 billion, a P/E ratio of 457.50, a P/E/G ratio of 0.80 and a beta of 1.14. Texas Capital Bancshares, Inc. has a 52-week low of $54.68 and a 52-week high of $91.80. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.01 and a current ratio of 1.01. The firm’s fifty day moving average is $82.95 and its two-hundred day moving average is $70.84.

Texas Capital Bancshares (NASDAQ:TCBI) last issued its earnings results on Thursday, October 17th. The bank reported $1.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.65. Texas Capital Bancshares had a return on equity of 8.06% and a net margin of 1.40%. The firm had revenue of $304.91 million for the quarter, compared to analysts’ expectations of $279.64 million. As a group, analysts anticipate that Texas Capital Bancshares, Inc. will post 4.15 EPS for the current fiscal year.

Texas Capital Bancshares Profile

Texas Capital Bancshares, Inc operates as the bank holding company for Texas Capital Bank, is a full-service financial services firm that delivers customized solutions to businesses, entrepreneurs, and individual customers. The company offers commercial banking; consumer banking; investment banking solutions, including capital markets, mergers and acquisitions, and syndicated finance, as well as financial sponsor coverage, capital solutions, and institutional services; and wealth management services, such as investment management, financial planning, lockbox and insurance, securities-based lending, estate planning, and business succession, as well as philanthropic, trustee and executor, custom credit, and depository services.