Ieq Capital LLC Invests $397,000 in Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Ieq Capital LLC purchased a new stake in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 5,076 shares of the bank’s stock, valued at approximately $397,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC acquired a new stake in shares of Texas Capital Bancshares in the fourth quarter worth approximately $37,000. Sanctuary Advisors LLC lifted its holdings in Texas Capital Bancshares by 60.6% in the 4th quarter. Sanctuary Advisors LLC now owns 6,958 shares of the bank’s stock valued at $552,000 after purchasing an additional 2,625 shares in the last quarter. Rhumbline Advisers boosted its stake in Texas Capital Bancshares by 1.1% during the 4th quarter. Rhumbline Advisers now owns 167,686 shares of the bank’s stock worth $13,113,000 after purchasing an additional 1,811 shares during the last quarter. Savant Capital LLC grew its holdings in shares of Texas Capital Bancshares by 5.7% during the fourth quarter. Savant Capital LLC now owns 5,604 shares of the bank’s stock worth $438,000 after buying an additional 303 shares in the last quarter. Finally, Entropy Technologies LP acquired a new stake in shares of Texas Capital Bancshares in the fourth quarter valued at about $849,000. Hedge funds and other institutional investors own 96.88% of the company’s stock.

Texas Capital Bancshares Trading Up 0.6 %

TCBI opened at $78.59 on Friday. Texas Capital Bancshares, Inc. has a 52 week low of $54.68 and a 52 week high of $91.80. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.22. The business has a fifty day simple moving average of $79.08 and a 200-day simple moving average of $77.06. The firm has a market cap of $3.62 billion, a P/E ratio of 61.40, a P/E/G ratio of 0.75 and a beta of 1.16.

Texas Capital Bancshares (NASDAQ:TCBI) last released its earnings results on Thursday, January 23rd. The bank reported $1.43 earnings per share 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, equities analysts expect that Texas Capital Bancshares, Inc. will post 5.84 earnings per share for the current year.

Insider Buying and Selling

In other Texas Capital Bancshares news, Director Robert W. Stallings bought 5,670 shares of the company’s stock in a transaction that occurred on Friday, January 24th. The shares were purchased at an average price of $27.60 per share, with a total value of $156,492.00. Following the completion of the acquisition, the director now directly owns 180,893 shares of the company’s stock, valued at $4,992,646.80. This represents a 3.24 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders purchased 22,402 shares of company stock valued at $510,777 in the last three months. 1.53% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on TCBI shares. Barclays boosted their price target on shares of Texas Capital Bancshares from $60.00 to $71.00 and gave the stock an “underweight” rating in a research report on Thursday, December 5th. Stephens dropped their price target on Texas Capital Bancshares from $102.00 to $97.00 and set an “overweight” rating for the company in a research report on Tuesday, January 28th. StockNews.com upgraded 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 target price (down from $100.00) on shares of Texas Capital Bancshares in a report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. reduced their price target on Texas Capital Bancshares from $81.00 to $80.00 and set an “underweight” rating on the stock in a report on Friday, January 24th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $79.13.

Texas Capital Bancshares 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.