Advantage Alpha Capital Partners LP Has $525,000 Holdings in Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Advantage Alpha Capital Partners LP raised its position in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 24.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,346 shares of the bank’s stock after buying an additional 1,461 shares during the period. Advantage Alpha Capital Partners LP’s holdings in Texas Capital Bancshares were worth $525,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of TCBI. AQR Capital Management LLC increased its holdings in Texas Capital Bancshares by 87.0% during the 2nd quarter. AQR Capital Management LLC now owns 1,087,715 shares of the bank’s stock valued at $65,219,000 after purchasing an additional 506,094 shares in the last quarter. Millennium Management LLC raised its holdings in shares of Texas Capital Bancshares by 146.7% in the second quarter. Millennium Management LLC now owns 372,370 shares of the bank’s stock valued at $22,767,000 after buying an additional 221,454 shares during the last quarter. Mesirow Institutional Investment Management Inc. acquired a new position in Texas Capital Bancshares during the 2nd quarter worth about $11,489,000. American Century Companies Inc. raised its position in shares of Texas Capital Bancshares by 43.8% during the second quarter. American Century Companies Inc. now owns 562,507 shares of the bank’s stock worth $34,392,000 after purchasing an additional 171,263 shares during the period. Finally, SG Americas Securities LLC increased its stake in Texas Capital Bancshares by 1,905.7% during the 2nd quarter. SG Americas Securities LLC now owns 78,864 shares of the bank’s stock worth $4,822,000 after purchasing an additional 74,932 shares in the last quarter. Institutional investors own 96.88% of the company’s stock.

Texas Capital Bancshares Stock Down 0.5 %

NASDAQ:TCBI opened at $89.24 on Wednesday. Texas Capital Bancshares, Inc. has a twelve month low of $53.69 and a twelve month high of $91.80. The firm has a market capitalization of $4.12 billion, a price-to-earnings ratio of 495.78, a price-to-earnings-growth ratio of 0.85 and a beta of 1.12. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.22. The stock’s 50 day moving average price is $77.97 and its two-hundred day moving average price is $67.86.

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

Wall Street Analysts Forecast Growth

TCBI has been the topic of a number of research reports. Barclays upped their price target on shares of Texas Capital Bancshares from $49.00 to $60.00 and gave the company an “underweight” rating in a report on Friday, October 18th. Royal Bank of Canada upped their target price on shares of Texas Capital Bancshares from $73.00 to $83.00 and gave the stock a “sector perform” rating in a research note on Friday, October 18th. Wedbush reiterated a “sector perform” rating on shares of Texas Capital Bancshares in a report on Friday, October 18th. StockNews.com upgraded Texas Capital Bancshares from a “sell” rating to a “hold” rating in a report on Wednesday, November 6th. Finally, Piper Sandler cut Texas Capital Bancshares from an “overweight” rating to a “neutral” rating and upped their price objective for the stock from $77.00 to $82.00 in a research report on Friday, October 18th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Texas Capital Bancshares currently has a consensus rating of “Hold” and a consensus price target of $74.00.

Insider Activity

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

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.