Faithward Advisors LLC Makes New $3.82 Million Investment in Texas Capital Bancshares, Inc. $TCBI

Faithward Advisors LLC bought a new position in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 45,154 shares of the bank’s stock, valued at approximately $3,817,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. GAMMA Investing LLC grew its stake in Texas Capital Bancshares by 10.0% in the 3rd quarter. GAMMA Investing LLC now owns 1,332 shares of the bank’s stock valued at $113,000 after buying an additional 121 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its position in Texas Capital Bancshares by 4.5% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 2,902 shares of the bank’s stock worth $245,000 after acquiring an additional 126 shares during the last quarter. Arizona State Retirement System lifted its position in Texas Capital Bancshares by 0.9% during the third quarter. Arizona State Retirement System now owns 13,575 shares of the bank’s stock worth $1,147,000 after acquiring an additional 126 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Texas Capital Bancshares by 4.0% during the third quarter. PNC Financial Services Group Inc. now owns 3,665 shares of the bank’s stock worth $310,000 after acquiring an additional 142 shares during the period. Finally, Teacher Retirement System of Texas grew its position in shares of Texas Capital Bancshares by 2.1% in the third quarter. Teacher Retirement System of Texas now owns 7,149 shares of the bank’s stock valued at $604,000 after purchasing an additional 144 shares during the last quarter. 96.88% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Paola M. Arbour purchased 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 11th. The shares were bought at an average price of $91.50 per share, for a total transaction of $91,500.00. Following the completion of the transaction, the director owned 6,671 shares of the company’s stock, valued at approximately $610,396.50. This trade represents a 17.63% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, Director Robert W. Stallings purchased 20,000 shares of the company’s stock in a transaction that occurred on Thursday, March 5th. The stock was bought at an average cost of $22.69 per share, with a total value of $453,800.00. Following the purchase, the director owned 169,587 shares of the company’s stock, valued at $3,847,929.03. This represents a 13.37% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders have purchased 49,500 shares of company stock worth $1,252,855. Company insiders own 1.72% of the company’s stock.

Texas Capital Bancshares Trading Down 0.6%

Shares of TCBI stock opened at $91.47 on Wednesday. The stock has a market cap of $4.04 billion, a P/E ratio of 13.45, a price-to-earnings-growth ratio of 0.44 and a beta of 0.66. Texas Capital Bancshares, Inc. has a 1 year low of $59.37 and a 1 year high of $108.92. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.19. The stock has a 50 day simple moving average of $98.73 and a 200 day simple moving average of $91.61.

Texas Capital Bancshares (NASDAQ:TCBI) last posted its quarterly earnings data on Thursday, January 22nd. The bank reported $2.08 EPS for the quarter, topping analysts’ consensus estimates of $1.78 by $0.30. The firm had revenue of $327.48 million for the quarter, compared to analyst estimates of $324.09 million. Texas Capital Bancshares had a return on equity of 10.05% and a net margin of 16.52%.During the same quarter last year, the company earned $1.43 EPS. On average, research analysts predict that Texas Capital Bancshares, Inc. will post 5.84 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

TCBI has been the topic of a number of recent research reports. Royal Bank Of Canada increased their target price on Texas Capital Bancshares from $105.00 to $110.00 and gave the stock a “sector perform” rating in a research note on Friday, January 23rd. Piper Sandler boosted their price target on Texas Capital Bancshares from $86.00 to $96.00 and gave the company a “neutral” rating in a research note on Friday, January 23rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Texas Capital Bancshares in a report on Wednesday, January 28th. DA Davidson lifted their target price on Texas Capital Bancshares from $94.00 to $104.00 and gave the stock a “neutral” rating in a report on Friday, January 23rd. Finally, Raymond James Financial boosted their target price on shares of Texas Capital Bancshares from $98.00 to $105.00 and gave the company an “outperform” rating in a research report on Wednesday, January 7th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Texas Capital Bancshares has a consensus rating of “Hold” and an average price target of $101.17.

Texas Capital Bancshares 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.