Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Position Boosted by Advantage Alpha Capital Partners LP

Advantage Alpha Capital Partners LP increased its holdings in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 13.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,302 shares of the bank’s stock after purchasing an additional 956 shares during the quarter. Advantage Alpha Capital Partners LP’s holdings in Texas Capital Bancshares were worth $649,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in TCBI. Picton Mahoney Asset Management bought a new position in shares of Texas Capital Bancshares in the fourth quarter valued at $30,000. Icon Wealth Advisors LLC purchased a new stake in shares of Texas Capital Bancshares during the third quarter valued at $31,000. Assetmark Inc. purchased a new stake in shares of Texas Capital Bancshares during the fourth quarter valued at $32,000. Venturi Wealth Management LLC acquired a new position in shares of Texas Capital Bancshares in the 4th quarter valued at $37,000. Finally, R Squared Ltd acquired a new stake in Texas Capital Bancshares during the 4th quarter worth about $41,000. 96.88% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have commented on TCBI. DA Davidson decreased their target price on shares of Texas Capital Bancshares from $90.00 to $87.00 and set a “neutral” rating for the company in a report on Friday, January 24th. JPMorgan Chase & Co. lowered their price target on Texas Capital Bancshares from $81.00 to $80.00 and set an “underweight” rating on the stock in a report on Friday, January 24th. Barclays increased 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. Stephens lowered their target price on Texas Capital Bancshares from $102.00 to $97.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 28th. Finally, Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $95.00 price target (down from $100.00) on shares of Texas Capital Bancshares in a research report on Wednesday, January 29th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $79.47.

Texas Capital Bancshares Trading Up 0.4 %

NASDAQ:TCBI opened at $75.88 on Monday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.22. The company’s 50 day moving average is $78.25 and its 200-day moving average is $78.45. The firm has a market cap of $3.50 billion, a price-to-earnings ratio of 59.28, a P/E/G ratio of 0.75 and a beta of 1.13. Texas Capital Bancshares, Inc. has a 12 month low of $54.68 and a 12 month high of $91.80.

Texas Capital Bancshares (NASDAQ:TCBI) last released its earnings results on Thursday, January 23rd. The bank reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.36. Texas Capital Bancshares had a net margin of 3.99% and a return on equity of 9.14%. Equities analysts anticipate that Texas Capital Bancshares, Inc. will post 5.84 EPS for the current year.

Insider Activity at Texas Capital Bancshares

In related news, Director Robert W. Stallings acquired 5,670 shares of the stock in a transaction dated Friday, January 24th. The shares were acquired at an average price of $27.60 per share, for a total transaction of $156,492.00. Following the completion of the purchase, the director now owns 180,893 shares in the company, valued at approximately $4,992,646.80. The trade was a 3.24 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders acquired a total of 29,402 shares of company stock worth $653,787 in the last 90 days. 1.72% of the stock is owned by company insiders.

Texas Capital Bancshares Company 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.