Louisiana State Employees Retirement System Invests $1.21 Million in Texas Capital Bancshares, Inc. $TCBI

Louisiana State Employees Retirement System acquired a new position in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) in the first quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 12,800 shares of the bank’s stock, valued at approximately $1,214,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Evolve Private Wealth LLC boosted its stake in Texas Capital Bancshares by 1.7% during the first quarter. Evolve Private Wealth LLC now owns 5,987 shares of the bank’s stock worth $568,000 after buying an additional 98 shares during the period. Rockefeller Capital Management L.P. increased its position in shares of Texas Capital Bancshares by 99.8% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,652 shares of the bank’s stock valued at $150,000 after acquiring an additional 825 shares during the last quarter. Corient Private Wealth LLC purchased a new stake in shares of Texas Capital Bancshares in the 4th quarter valued at approximately $213,000. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Texas Capital Bancshares by 126.7% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,215 shares of the bank’s stock worth $110,000 after acquiring an additional 679 shares during the last quarter. Finally, Virtu Financial LLC acquired a new position in shares of Texas Capital Bancshares in the 4th quarter worth approximately $504,000. 96.88% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on TCBI shares. JPMorgan Chase & Co. increased their price objective on shares of Texas Capital Bancshares from $105.00 to $110.00 and gave the stock an “underweight” rating in a research report on Wednesday. Fundamental Research set a $110.00 price target on Texas Capital Bancshares in a research note on Wednesday. Wall Street Zen lowered Texas Capital Bancshares from a “hold” rating to a “sell” rating in a research report on Saturday, June 27th. Citigroup raised Texas Capital Bancshares from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $96.00 to $105.00 in a research note on Tuesday. Finally, Zacks Research downgraded Texas Capital Bancshares from a “strong-buy” rating to a “hold” rating in a report on Monday, March 30th. Four equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $106.17.

Insider Buying and Selling at Texas Capital Bancshares

In other Texas Capital Bancshares news, insider Anna M. Alvarado sold 3,500 shares of the company’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $100.95, for a total transaction of $353,325.00. Following the sale, the insider owned 23,810 shares in the company, valued at $2,403,619.50. This represents a 12.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Rob C. Holmes sold 49,500 shares of the stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $101.22, for a total value of $5,010,390.00. Following the completion of the sale, the chief executive officer directly owned 167,635 shares in the company, valued at $16,968,014.70. This represents a 22.80% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 102,100 shares of company stock worth $10,366,023. Insiders own 1.91% of the company’s stock.

Texas Capital Bancshares Stock Performance

Shares of TCBI stock opened at $103.95 on Friday. Texas Capital Bancshares, Inc. has a fifty-two week low of $75.41 and a fifty-two week high of $108.92. The company has a 50 day moving average price of $100.26 and a 200 day moving average price of $98.47. The stock has a market capitalization of $4.54 billion, a P/E ratio of 13.97, a price-to-earnings-growth ratio of 1.49 and a beta of 0.67. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.01 and a current ratio of 1.01.

Texas Capital Bancshares (NASDAQ:TCBI) last released its earnings results on Thursday, April 23rd. The bank reported $1.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.16. Texas Capital Bancshares had a net margin of 17.71% and a return on equity of 10.76%. The company had revenue of $323.99 million for the quarter, compared to analyst estimates of $318.10 million. During the same period in the prior year, the business earned $0.92 EPS. The firm’s quarterly revenue was up 15.5% on a year-over-year basis. Equities research analysts predict that Texas Capital Bancshares, Inc. will post 7.56 EPS for the current fiscal year.

Texas Capital Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.8%. Texas Capital Bancshares’s dividend payout ratio is currently 10.75%.

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.