Fox Run Management L.L.C. Acquires Shares of 9,539 Texas Capital Bancshares, Inc. $TCBI

Fox Run Management L.L.C. acquired a new stake in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 9,539 shares of the bank’s stock, valued at approximately $864,000.

A number of other institutional investors have also recently bought and sold shares of the business. AQR Capital Management LLC grew its stake in Texas Capital Bancshares by 25.1% in the 3rd quarter. AQR Capital Management LLC now owns 1,919,194 shares of the bank’s stock valued at $162,229,000 after purchasing an additional 384,748 shares during the period. Geode Capital Management LLC grew its stake in Texas Capital Bancshares by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 1,197,494 shares of the bank’s stock valued at $108,436,000 after purchasing an additional 33,709 shares during the period. Azora Capital LP grew its stake in Texas Capital Bancshares by 11.5% in the 3rd quarter. Azora Capital LP now owns 1,036,613 shares of the bank’s stock valued at $87,625,000 after purchasing an additional 106,599 shares during the period. Massachusetts Financial Services Co. MA grew its stake in Texas Capital Bancshares by 2.2% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 847,583 shares of the bank’s stock valued at $76,740,000 after purchasing an additional 18,258 shares during the period. Finally, Goldman Sachs Group Inc. grew its stake in Texas Capital Bancshares by 2.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 596,149 shares of the bank’s stock valued at $53,975,000 after purchasing an additional 12,486 shares during the period. Institutional investors own 96.88% of the company’s stock.

Insider Activity

In other Texas Capital Bancshares news, insider Anna M. Alvarado sold 3,500 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $100.95, for a total value of $353,325.00. Following the completion of the transaction, the insider owned 23,810 shares in the company, valued at $2,403,619.50. This trade 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 hyperlink. Also, CEO Rob C. Holmes sold 49,500 shares of the firm’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $101.22, for a total value of $5,010,390.00. Following the completion of the transaction, the chief executive officer owned 167,635 shares of the company’s stock, valued at approximately $16,968,014.70. This represents a 22.80% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 102,100 shares of company stock valued at $10,366,023. 1.91% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TCBI. Piper Sandler upped their price objective on Texas Capital Bancshares from $96.00 to $100.00 and gave the company a “neutral” rating in a research note on Friday, April 24th. JPMorgan Chase & Co. decreased their price objective on Texas Capital Bancshares from $105.00 to $100.00 and set an “underweight” rating for the company in a report on Wednesday, April 1st. Citigroup lifted their price objective on Texas Capital Bancshares from $88.00 to $96.00 and gave the stock a “sell” rating in a report on Tuesday, April 28th. Royal Bank Of Canada lifted their price objective on Texas Capital Bancshares from $110.00 to $114.00 and gave the stock a “sector perform” rating in a report on Friday, April 24th. Finally, Wall Street Zen raised Texas Capital Bancshares from a “sell” rating to a “hold” rating in a report on Sunday, May 17th. Four investment analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $104.09.

Texas Capital Bancshares Stock Down 0.8%

Shares of NASDAQ TCBI opened at $100.19 on Thursday. Texas Capital Bancshares, Inc. has a 52 week low of $73.61 and a 52 week high of $108.92. The business has a 50-day simple moving average of $99.80 and a two-hundred day simple moving average of $97.37. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.27. The company has a market cap of $4.38 billion, a P/E ratio of 13.47, a P/E/G ratio of 1.43 and a beta of 0.67.

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

Texas Capital Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be paid a $0.20 dividend. The ex-dividend date is Monday, June 1st. This represents a $0.80 annualized dividend and a yield of 0.8%. Texas Capital Bancshares’s dividend payout ratio (DPR) 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.