Madison Asset Management LLC Purchases 5,225 Shares of Texas Capital Bancshares, Inc. $TCBI

Madison Asset Management LLC increased its stake in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 9.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 60,996 shares of the bank’s stock after acquiring an additional 5,225 shares during the quarter. Madison Asset Management LLC owned about 0.13% of Texas Capital Bancshares worth $5,523,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Versor Investments LP bought a new position in shares of Texas Capital Bancshares during the fourth quarter worth $389,000. Sequoia Financial Advisors LLC bought a new position in shares of Texas Capital Bancshares during the fourth quarter worth $265,000. State of New Jersey Common Pension Fund D boosted its position in shares of Texas Capital Bancshares by 1.3% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 25,732 shares of the bank’s stock worth $2,330,000 after acquiring an additional 319 shares during the last quarter. Torren Management LLC bought a new position in shares of Texas Capital Bancshares during the fourth quarter worth $40,000. Finally, M&T Bank Corp boosted its position in shares of Texas Capital Bancshares by 13.3% during the fourth quarter. M&T Bank Corp now owns 5,200 shares of the bank’s stock worth $471,000 after acquiring an additional 611 shares during the last quarter. Institutional investors own 96.88% of the company’s stock.

Insiders Place Their Bets

In other Texas Capital Bancshares 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, with a total value of $91,500.00. Following the completion of the purchase, the director directly owned 6,671 shares in the company, valued at $610,396.50. This trade represents a 17.63% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Robert W. Stallings bought 5,500 shares of Texas Capital Bancshares stock in a transaction dated Friday, March 6th. The stock was purchased at an average cost of $22.80 per share, for a total transaction of $125,400.00. Following the purchase, the director owned 175,087 shares of the company’s stock, valued at approximately $3,991,983.60. This trade represents a 3.24% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders have purchased 46,500 shares of company stock worth $1,113,500. 1.91% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages recently weighed in on TCBI. Barclays upped their target price on shares of Texas Capital Bancshares from $90.00 to $100.00 and gave the stock an “underweight” rating in a research report on Friday, January 23rd. DA Davidson upped their target price on shares of Texas Capital Bancshares from $94.00 to $104.00 and gave the stock a “neutral” rating in a research report on Friday, January 23rd. Wall Street Zen lowered shares of Texas Capital Bancshares from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Piper Sandler upped their target price on shares of Texas Capital Bancshares from $96.00 to $100.00 and gave the stock a “neutral” rating in a research report on Friday, April 24th. Finally, TD Cowen upped their target price on shares of Texas Capital Bancshares from $103.00 to $110.00 and gave the stock a “hold” rating in a research report on Monday, January 26th. Four research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, Texas Capital Bancshares currently has an average rating of “Hold” and an average price target of $102.08.

Texas Capital Bancshares Price Performance

Texas Capital Bancshares stock opened at $95.99 on Thursday. The company has a market cap of $4.19 billion, a price-to-earnings ratio of 12.90, a PEG ratio of 1.38 and a beta of 0.68. The firm’s fifty day moving average is $97.33 and its 200 day moving average is $95.36. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.27. Texas Capital Bancshares, Inc. has a 52-week low of $70.00 and a 52-week high of $108.92.

Texas Capital Bancshares (NASDAQ:TCBI) last released its quarterly earnings results on Thursday, April 23rd. The bank reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.16. The company had revenue of $323.99 million for the quarter, compared to the consensus estimate of $318.10 million. Texas Capital Bancshares had a net margin of 17.71% and a return on equity of 10.76%. Texas Capital Bancshares’s revenue was up 15.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.92 earnings per share. Sell-side analysts forecast that Texas Capital Bancshares, Inc. will post 7.63 EPS for the current fiscal year.

Texas Capital Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $0.80 dividend on an annualized basis and a yield of 0.8%.

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.