Dimensional Fund Advisors LP Decreases Stock Holdings in Texas Capital Bancshares, Inc. $TCBI

Dimensional Fund Advisors LP reduced its position in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 1.2% in the third quarter, HoldingsChannel reports. The institutional investor owned 2,916,735 shares of the bank’s stock after selling 35,570 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.06% of Texas Capital Bancshares worth $246,555,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. Cullen Frost Bankers Inc. bought a new position in shares of Texas Capital Bancshares during the third quarter valued at about $39,000. True Wealth Design LLC grew its stake in shares of Texas Capital Bancshares by 106.8% in the third quarter. True Wealth Design LLC now owns 643 shares of the bank’s stock worth $54,000 after purchasing an additional 332 shares during the last quarter. Quent Capital LLC bought a new stake in shares of Texas Capital Bancshares in the third quarter worth about $60,000. EverSource Wealth Advisors LLC increased its holdings in Texas Capital Bancshares by 452.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 746 shares of the bank’s stock valued at $59,000 after purchasing an additional 611 shares during the period. Finally, GAMMA Investing LLC raised its position in Texas Capital Bancshares by 10.0% during the 3rd quarter. GAMMA Investing LLC now owns 1,332 shares of the bank’s stock valued at $113,000 after purchasing an additional 121 shares during the last quarter. Institutional investors own 96.88% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on TCBI shares. Raymond James Financial increased their price objective on Texas Capital Bancshares from $98.00 to $105.00 and gave the stock an “outperform” rating in a report on Wednesday, January 7th. DA Davidson upped their target price on Texas Capital Bancshares from $94.00 to $104.00 and gave the company a “neutral” rating in a report on Friday, January 23rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Texas Capital Bancshares in a research note on Wednesday, January 28th. Citigroup lifted their price target on shares of Texas Capital Bancshares from $75.00 to $88.00 and gave the company a “sell” rating in a report on Monday, January 26th. Finally, Royal Bank Of Canada boosted their price objective on shares of Texas Capital Bancshares from $105.00 to $110.00 and gave the company a “sector perform” rating in a research report on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, Texas Capital Bancshares currently has a consensus rating of “Hold” and an average price target of $101.17.

Texas Capital Bancshares Stock Down 3.4%

TCBI stock opened at $91.90 on Friday. Texas Capital Bancshares, Inc. has a fifty-two week low of $59.37 and a fifty-two week high of $108.92. The business’s 50 day moving average price is $98.80 and its two-hundred day moving average price is $91.28. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market capitalization of $4.06 billion, a price-to-earnings ratio of 13.51, a price-to-earnings-growth ratio of 0.44 and a beta of 0.66.

Texas Capital Bancshares (NASDAQ:TCBI) last released its earnings results on Thursday, January 22nd. The bank reported $2.08 EPS for the quarter, beating analysts’ consensus estimates of $1.78 by $0.30. Texas Capital Bancshares had a return on equity of 10.05% and a net margin of 16.52%.The company had revenue of $327.48 million during the quarter, compared to analysts’ expectations of $324.09 million. During the same quarter last year, the business posted $1.43 EPS. As a group, analysts forecast that Texas Capital Bancshares, Inc. will post 5.84 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Texas Capital Bancshares news, Director Robert W. Stallings bought 20,000 shares of the company’s stock in a transaction dated Monday, February 23rd. The shares were purchased at an average price of $22.14 per share, for a total transaction of $442,800.00. Following the acquisition, the director owned 335,913 shares in the company, valued at approximately $7,437,113.82. This represents a 6.33% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Laura L. Whitley bought 500 shares of Texas Capital Bancshares stock in a transaction dated Monday, January 26th. The stock was acquired at an average cost of $97.51 per share, for a total transaction of $48,755.00. Following the completion of the transaction, the director directly owned 7,961 shares in the company, valued at approximately $776,277.11. This trade represents a 6.70% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders acquired 23,000 shares of company stock valued at $582,155. 1.72% of the stock is owned by corporate insiders.

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.