Heartland Advisors Inc. Purchases 5,734 Shares of Texas Capital Bancshares, Inc. $TCBI

Heartland Advisors Inc. increased its position in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 1.4% in the 3rd quarter, HoldingsChannel reports. The firm owned 410,903 shares of the bank’s stock after purchasing an additional 5,734 shares during the period. Texas Capital Bancshares comprises approximately 1.8% of Heartland Advisors Inc.’s holdings, making the stock its largest position. Heartland Advisors Inc.’s holdings in Texas Capital Bancshares were worth $34,734,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in TCBI. Cullen Frost Bankers Inc. purchased a new position in shares of Texas Capital Bancshares during the 3rd quarter worth approximately $39,000. True Wealth Design LLC raised its position in 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 acquiring an additional 332 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Texas Capital Bancshares by 452.6% in the second quarter. EverSource Wealth Advisors LLC now owns 746 shares of the bank’s stock valued at $59,000 after acquiring an additional 611 shares during the period. Quent Capital LLC purchased a new stake in shares of Texas Capital Bancshares during the 3rd quarter worth $60,000. Finally, GAMMA Investing LLC grew its stake in shares of Texas Capital Bancshares by 10.0% during the 3rd quarter. GAMMA Investing LLC now owns 1,332 shares of the bank’s stock worth $113,000 after purchasing an additional 121 shares during the period. Hedge funds and other institutional investors own 96.88% of the company’s stock.

Texas Capital Bancshares Trading Up 2.6%

NASDAQ TCBI opened at $103.42 on Tuesday. The firm has a market capitalization of $4.57 billion, a price-to-earnings ratio of 15.21, a PEG ratio of 0.50 and a beta of 0.68. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.00 and a current ratio of 1.00. Texas Capital Bancshares, Inc. has a one year low of $59.37 and a one year high of $108.92. The company’s 50 day moving average price is $97.51 and its 200 day moving average price is $89.69.

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

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of Texas Capital Bancshares in a research report on Wednesday, January 28th. Zacks Research upgraded Texas Capital Bancshares from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 2nd. Keefe, Bruyette & Woods upped their price objective on shares of Texas Capital Bancshares from $98.00 to $100.00 and gave the company an “outperform” rating in a research note on Monday, October 27th. Stephens increased their price objective on shares of Texas Capital Bancshares from $111.00 to $114.00 and gave the stock an “overweight” rating in a report on Friday, January 23rd. Finally, Royal Bank Of Canada boosted their target price on shares of Texas Capital Bancshares from $105.00 to $110.00 and gave the company a “sector perform” rating in a report on Friday, January 23rd. One 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 assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $101.17.

Insider Activity

In related news, Director Laura L. Whitley purchased 500 shares of Texas Capital Bancshares stock in a transaction that occurred on Monday, January 26th. The shares were purchased at an average cost of $97.51 per share, with a total value of $48,755.00. Following the transaction, the director owned 7,961 shares of the company’s stock, valued at approximately $776,277.11. The trade was a 6.70% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Robert W. Stallings purchased 2,000 shares of the business’s stock in a transaction that occurred on Friday, January 23rd. The stock was acquired at an average price of $20.91 per share, for a total transaction of $41,820.00. Following the purchase, the director owned 277,913 shares of the company’s stock, valued at approximately $5,811,160.83. This represents a 0.72% increase in their position. The SEC filing for this purchase provides additional information. Insiders bought 3,000 shares of company stock valued at $139,355 in the last ninety days. Company insiders own 1.72% of the company’s stock.

About Texas Capital Bancshares

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.