Texas Capital Bancshares, Inc. $TCBI Shares Bought by Azora Capital LP

Azora Capital LP boosted its holdings in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 11.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,036,613 shares of the bank’s stock after buying an additional 106,599 shares during the quarter. Texas Capital Bancshares makes up approximately 4.1% of Azora Capital LP’s investment portfolio, making the stock its 5th largest position. Azora Capital LP’s holdings in Texas Capital Bancshares were worth $87,625,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in TCBI. California Public Employees Retirement System grew its stake in shares of Texas Capital Bancshares by 3.4% in the third quarter. California Public Employees Retirement System now owns 79,487 shares of the bank’s stock worth $6,719,000 after purchasing an additional 2,622 shares during the last quarter. Bank of America Corp DE boosted its position in Texas Capital Bancshares by 36.3% during the third quarter. Bank of America Corp DE now owns 357,407 shares of the bank’s stock valued at $30,212,000 after acquiring an additional 95,128 shares during the last quarter. ArrowMark Colorado Holdings LLC grew its holdings in Texas Capital Bancshares by 30.1% during the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 177,000 shares of the bank’s stock worth $14,962,000 after acquiring an additional 41,000 shares during the period. Algert Global LLC raised its position in shares of Texas Capital Bancshares by 731.5% in the 3rd quarter. Algert Global LLC now owns 294,840 shares of the bank’s stock worth $24,923,000 after acquiring an additional 259,380 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its position in shares of Texas Capital Bancshares by 49.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 397,927 shares of the bank’s stock worth $33,636,000 after acquiring an additional 132,127 shares in the last quarter. 96.88% of the stock is owned by institutional investors.

Texas Capital Bancshares Trading Up 0.2%

NASDAQ TCBI opened at $92.52 on Friday. 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 business has a fifty day simple moving average of $98.85 and a 200 day simple moving average of $91.51. Texas Capital Bancshares, Inc. has a 12 month low of $59.37 and a 12 month high of $108.92. The firm has a market capitalization of $4.09 billion, a P/E ratio of 13.61, a PEG ratio of 0.45 and a beta of 0.66.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Zacks Research upgraded Texas Capital Bancshares from a “hold” rating to a “strong-buy” rating in a report on Monday, February 2nd. DA Davidson boosted their target price on shares of Texas Capital Bancshares from $94.00 to $104.00 and gave the company a “neutral” rating in a research report on Friday, January 23rd. Stephens upped their price objective on shares of Texas Capital Bancshares from $111.00 to $114.00 and gave the company an “overweight” rating in a report on Friday, January 23rd. Raymond James Financial increased their price objective on shares of Texas Capital Bancshares from $98.00 to $105.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 7th. Finally, Barclays boosted their target price on Texas Capital Bancshares from $90.00 to $100.00 and gave the company an “underweight” rating in a research 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 stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $101.17.

Insider Activity at Texas Capital Bancshares

In other news, Director Laura L. Whitley acquired 500 shares of the firm’s stock in a transaction on Monday, January 26th. The stock was purchased at an average price of $97.51 per share, for a total transaction of $48,755.00. Following the purchase, the director owned 7,961 shares in the company, valued at approximately $776,277.11. This represents a 6.70% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Paola M. Arbour bought 1,000 shares of the company’s stock in a transaction on Wednesday, March 11th. The shares were purchased at an average cost of $91.50 per share, for a total transaction of $91,500.00. Following the transaction, the director owned 6,671 shares in the company, valued at approximately $610,396.50. This represents a 17.63% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought 49,500 shares of company stock valued at $1,252,855 over the last ninety days. Corporate insiders own 1.72% of the company’s stock.

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.