Tieton Capital Management LLC Makes New $11.88 Million Investment in Texas Capital Bancshares, Inc. $TCBI

Tieton Capital Management LLC purchased a new position in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 115,045 shares of the bank’s stock, valued at approximately $11,880,000. Texas Capital Bancshares comprises about 3.4% of Tieton Capital Management LLC’s holdings, making the stock its 11th biggest position. Tieton Capital Management LLC owned approximately 0.26% of Texas Capital Bancshares as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Evolve Private Wealth LLC raised 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 acquiring an additional 98 shares during the period. Commonwealth Equity Services LLC grew its holdings in shares of Texas Capital Bancshares by 2.3% during the fourth quarter. Commonwealth Equity Services LLC now owns 6,079 shares of the bank’s stock valued at $550,000 after purchasing an additional 135 shares during the last quarter. Root Financial Partners LLC grew its holdings in shares of Texas Capital Bancshares by 85.2% during the first quarter. Root Financial Partners LLC now owns 326 shares of the bank’s stock valued at $31,000 after purchasing an additional 150 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Texas Capital Bancshares by 14.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,504 shares of the bank’s stock worth $143,000 after purchasing an additional 189 shares during the period. Finally, Inspire Investing LLC raised its position in shares of Texas Capital Bancshares by 5.0% during the 1st quarter. Inspire Investing LLC now owns 5,399 shares of the bank’s stock worth $512,000 after purchasing an additional 259 shares during the period. 96.88% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have weighed in on TCBI. Stephens dropped their target price on Texas Capital Bancshares from $116.00 to $112.00 and set an “overweight” rating on the stock in a research report on Thursday, July 23rd. Fundamental Research set a $110.00 price target on shares of Texas Capital Bancshares in a research report on Wednesday, July 1st. Piper Sandler increased their price objective on shares of Texas Capital Bancshares from $96.00 to $100.00 and gave the stock a “neutral” rating in a report on Friday, April 24th. Wall Street Zen downgraded shares of Texas Capital Bancshares from a “hold” rating to a “sell” rating in a research report on Saturday, June 27th. Finally, Citigroup boosted their target price on shares of Texas Capital Bancshares from $105.00 to $107.00 and gave the company a “neutral” rating in a research note on Friday, July 24th. Four equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Texas Capital Bancshares currently has a consensus rating of “Hold” and a consensus price target of $105.83.

Texas Capital Bancshares Stock Performance

Shares of TCBI opened at $98.20 on Thursday. The firm has a market capitalization of $4.27 billion, a PE ratio of 12.77, a P/E/G ratio of 1.22 and a beta of 0.68. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.15. The firm has a 50-day moving average price of $101.43 and a 200 day moving average price of $99.79. Texas Capital Bancshares, Inc. has a 52-week low of $75.41 and a 52-week high of $108.92.

Texas Capital Bancshares (NASDAQ:TCBI) last issued its quarterly earnings results on Wednesday, July 22nd. The bank reported $1.88 earnings per share for the quarter, topping analysts’ consensus estimates of $1.87 by $0.01. Texas Capital Bancshares had a net margin of 17.90% and a return on equity of 10.86%. The company had revenue of $335.50 million during the quarter, compared to analyst estimates of $333.37 million. During the same period in the prior year, the business posted $1.63 EPS. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Texas Capital Bancshares, Inc. will post 7.39 earnings per share for the current fiscal year.

Texas Capital Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be given a dividend of $0.20 per share. The ex-dividend date is Tuesday, September 1st. This represents a $0.80 annualized dividend and a dividend yield of 0.8%. Texas Capital Bancshares’s dividend payout ratio (DPR) is 10.40%.

Insider Transactions at Texas Capital Bancshares

In related 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 transaction of $353,325.00. Following the completion of the transaction, the insider owned 23,810 shares of the company’s stock, valued at $2,403,619.50. This trade represents a 12.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Ellen Detrich sold 2,045 shares of Texas Capital Bancshares stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $100.03, for a total value of $204,561.35. Following the transaction, the insider directly owned 7,529 shares in the company, valued at approximately $753,125.87. The trade was a 21.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 104,145 shares of company stock valued at $10,570,584. Corporate insiders own 1.91% 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.