Zurcher Kantonalbank Zurich Cantonalbank Boosts Stock Position in Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 18.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,381 shares of the bank’s stock after purchasing an additional 1,908 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Texas Capital Bancshares were worth $968,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in TCBI. Victory Capital Management Inc. lifted its holdings in Texas Capital Bancshares by 326.6% in the third quarter. Victory Capital Management Inc. now owns 70,103 shares of the bank’s stock valued at $5,010,000 after acquiring an additional 53,669 shares during the last quarter. Pathstone Holdings LLC lifted its holdings in Texas Capital Bancshares by 3.3% in the third quarter. Pathstone Holdings LLC now owns 42,663 shares of the bank’s stock valued at $3,049,000 after acquiring an additional 1,365 shares during the last quarter. Meeder Asset Management Inc. acquired a new position in Texas Capital Bancshares in the third quarter valued at approximately $71,000. Intech Investment Management LLC lifted its holdings in Texas Capital Bancshares by 42.6% in the third quarter. Intech Investment Management LLC now owns 17,949 shares of the bank’s stock valued at $1,283,000 after acquiring an additional 5,361 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Texas Capital Bancshares by 1.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 570,839 shares of the bank’s stock valued at $40,792,000 after acquiring an additional 10,171 shares during the last quarter. 96.88% of the stock is currently owned by hedge funds and other institutional investors.

Texas Capital Bancshares Stock Performance

NASDAQ:TCBI opened at $75.61 on Friday. The firm has a market capitalization of $3.49 billion, a PE ratio of 59.07, a price-to-earnings-growth ratio of 0.75 and a beta of 1.13. The business’s fifty day moving average price is $78.20 and its 200 day moving average price is $78.21. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.00 and a quick ratio of 1.00. Texas Capital Bancshares, Inc. has a 12 month low of $54.68 and a 12 month high of $91.80.

Texas Capital Bancshares (NASDAQ:TCBI) last posted its earnings results on Thursday, January 23rd. The bank reported $1.43 EPS for the quarter, beating the consensus estimate of $1.07 by $0.36. Texas Capital Bancshares had a return on equity of 9.14% and a net margin of 3.99%. On average, sell-side analysts anticipate that Texas Capital Bancshares, Inc. will post 5.84 earnings per share for the current fiscal year.

Insider Transactions at Texas Capital Bancshares

In other news, Director Robert W. Stallings bought 7,000 shares of the business’s stock in a transaction dated Tuesday, March 4th. The shares were acquired at an average price of $20.43 per share, for a total transaction of $143,010.00. Following the completion of the transaction, the director now owns 49,500 shares of the company’s stock, valued at approximately $1,011,285. This trade represents a 16.47 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Over the last 90 days, insiders have bought 29,402 shares of company stock worth $653,787. Corporate insiders own 1.72% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Stephens decreased their price target on Texas Capital Bancshares from $102.00 to $97.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 28th. Barclays upped their price target on Texas Capital Bancshares from $60.00 to $71.00 and gave the stock an “underweight” rating in a research note on Thursday, December 5th. JPMorgan Chase & Co. decreased their price target on Texas Capital Bancshares from $81.00 to $80.00 and set an “underweight” rating on the stock in a research note on Friday, January 24th. Keefe, Bruyette & Woods restated an “outperform” rating and set a $95.00 price target (down from $100.00) on shares of Texas Capital Bancshares in a research note on Wednesday, January 29th. Finally, StockNews.com upgraded Texas Capital Bancshares from a “sell” rating to a “hold” rating in a research note on Friday, January 31st. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $79.47.

Texas Capital Bancshares Company Profile

Texas Capital Bancshares, Inc operates as the bank holding company for Texas Capital Bank, is a full-service financial services firm that delivers customized solutions to businesses, entrepreneurs, and individual customers. The company offers commercial banking; consumer banking; investment banking solutions, including capital markets, mergers and acquisitions, and syndicated finance, as well as financial sponsor coverage, capital solutions, and institutional services; and wealth management services, such as investment management, financial planning, lockbox and insurance, securities-based lending, estate planning, and business succession, as well as philanthropic, trustee and executor, custom credit, and depository services.