Xponance Inc. Acquires 300 Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Xponance Inc. increased its holdings in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 4.8% during the 4th quarter, HoldingsChannel reports. The firm owned 6,569 shares of the bank’s stock after purchasing an additional 300 shares during the period. Xponance Inc.’s holdings in Texas Capital Bancshares were worth $514,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Picton Mahoney Asset Management acquired a new stake in shares of Texas Capital Bancshares during the fourth quarter worth $30,000. Icon Wealth Advisors LLC bought a new position in Texas Capital Bancshares during the 3rd quarter worth about $31,000. Assetmark Inc. acquired a new stake in shares of Texas Capital Bancshares in the 4th quarter valued at about $32,000. Venturi Wealth Management LLC bought a new stake in shares of Texas Capital Bancshares in the fourth quarter valued at about $37,000. Finally, R Squared Ltd acquired a new position in shares of Texas Capital Bancshares during the fourth quarter worth about $41,000. 96.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. StockNews.com raised Texas Capital Bancshares from a “sell” rating to a “hold” rating in a research report on Friday, January 31st. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $95.00 price objective (down previously from $100.00) on shares of Texas Capital Bancshares in a report on Wednesday, January 29th. DA Davidson dropped their target price on Texas Capital Bancshares from $90.00 to $87.00 and set a “neutral” rating on the stock in a report on Friday, January 24th. JPMorgan Chase & Co. decreased their target price on shares of Texas Capital Bancshares from $81.00 to $80.00 and set an “underweight” rating for the company in a research note on Friday, January 24th. Finally, Stephens dropped their price target on shares of Texas Capital Bancshares from $102.00 to $97.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 28th. 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 company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $79.47.

Texas Capital Bancshares Stock Down 1.0 %

TCBI opened at $76.85 on Wednesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a fifty day moving average of $78.32 and a 200-day moving average of $78.60. Texas Capital Bancshares, Inc. has a fifty-two week low of $54.68 and a fifty-two week high of $91.80. The company has a market capitalization of $3.54 billion, a P/E ratio of 60.04, a P/E/G ratio of 0.75 and a beta of 1.13.

Texas Capital Bancshares (NASDAQ:TCBI) last issued its quarterly earnings data on Thursday, January 23rd. The bank reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.36. Texas Capital Bancshares had a net margin of 3.99% and a return on equity of 9.14%. On average, equities analysts expect that Texas Capital Bancshares, Inc. will post 5.84 EPS for the current year.

Insider Activity

In related news, Director Robert W. Stallings purchased 2,006 shares of Texas Capital Bancshares stock in a transaction that occurred on Monday, January 27th. The shares were acquired at an average price of $20.99 per share, with a total value of $42,105.94. Following the completion of the transaction, the director now directly owns 182,899 shares of the company’s stock, valued at $3,839,050.01. This represents a 1.11 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last ninety days, insiders acquired 29,402 shares of company stock worth $653,787. Corporate insiders own 1.72% of the company’s stock.

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.