Texas Capital Bancshares, Inc. $TCBI Shares Bought by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC lifted its holdings in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 199.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 9,079 shares of the bank’s stock after acquiring an additional 6,047 shares during the quarter. Susquehanna Fundamental Investments LLC’s holdings in Texas Capital Bancshares were worth $937,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Capital Advisors Inc. OK purchased a new stake in Texas Capital Bancshares during the 2nd quarter worth approximately $210,000. Wellington Management Group LLP grew its position in shares of Texas Capital Bancshares by 47.3% during the second quarter. Wellington Management Group LLP now owns 483,210 shares of the bank’s stock worth $49,896,000 after buying an additional 155,201 shares in the last quarter. Beacon Pointe Advisors LLC bought a new stake in shares of Texas Capital Bancshares in the second quarter worth $1,574,000. Public Employees Retirement System of Ohio acquired a new stake in Texas Capital Bancshares in the second quarter valued at $2,823,000. Finally, Corient Private Wealth LP bought a new position in Texas Capital Bancshares during the 2nd quarter valued at $2,212,000. Hedge funds and other institutional investors own 96.88% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on TCBI. JPMorgan Chase & Co. upped their target price on shares of Texas Capital Bancshares from $105.00 to $110.00 and gave the company an “underweight” rating in a research note on Wednesday, July 1st. Weiss Ratings reiterated a “buy (b)” rating on shares of Texas Capital Bancshares in a research report on Monday, July 6th. Wall Street Zen raised Texas Capital Bancshares from a “sell” rating to a “hold” rating in a research report on Saturday. Barclays upgraded Texas Capital Bancshares from an “underweight” rating to an “equal weight” rating and set a $100.00 price objective on the stock in a research note on Monday, August 3rd. Finally, TD Cowen reduced their price target on shares of Texas Capital Bancshares from $109.00 to $106.00 and set a “hold” rating on the stock in a research report on Monday, July 27th. Four analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $105.83.

Insider Buying and Selling 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 the business’s stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $100.03, for a total transaction of $204,561.35. Following the completion of the sale, the insider owned 7,529 shares in the company, valued at approximately $753,125.87. This trade represents a 21.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 104,145 shares of company stock valued at $10,570,584. 1.91% of the stock is owned by corporate insiders.

Texas Capital Bancshares Stock Performance

TCBI stock opened at $95.67 on Wednesday. The company has a 50-day simple moving average of $101.01 and a 200 day simple moving average of $99.41. The company has a market capitalization of $4.16 billion, a P/E ratio of 12.44, a PEG ratio of 1.18 and a beta of 0.66. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.15. Texas Capital Bancshares, Inc. has a fifty-two week low of $75.41 and a fifty-two week high of $108.92.

Texas Capital Bancshares (NASDAQ:TCBI) last released its quarterly earnings results on Wednesday, July 22nd. The bank reported $1.88 EPS for the quarter, topping analysts’ consensus estimates of $1.87 by $0.01. The company had revenue of $335.50 million for the quarter, compared to the consensus estimate of $333.37 million. Texas Capital Bancshares had a net margin of 17.90% and a return on equity of 10.86%. Texas Capital Bancshares’s revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.63 EPS. Sell-side analysts predict 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 announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Tuesday, September 1st. Texas Capital Bancshares’s dividend payout ratio is 10.40%.

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.