Quantbot Technologies LP Raises Stake in Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Quantbot Technologies LP raised its stake in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 3,939.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 41,686 shares of the bank’s stock after buying an additional 40,654 shares during the quarter. Quantbot Technologies LP owned approximately 0.09% of Texas Capital Bancshares worth $3,260,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Algert Global LLC grew its holdings in Texas Capital Bancshares by 367.3% in the 3rd quarter. Algert Global LLC now owns 22,316 shares of the bank’s stock valued at $1,595,000 after buying an additional 17,540 shares in the last quarter. Jane Street Group LLC lifted its stake in shares of Texas Capital Bancshares by 107.2% in the 3rd quarter. Jane Street Group LLC now owns 132,672 shares of the bank’s stock valued at $9,481,000 after purchasing an additional 68,632 shares during the last quarter. US Bancorp DE lifted its stake in shares of Texas Capital Bancshares by 1,575.0% in the 4th quarter. US Bancorp DE now owns 10,519 shares of the bank’s stock valued at $823,000 after purchasing an additional 9,891 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of Texas Capital Bancshares by 37.5% in the 4th quarter. Victory Capital Management Inc. now owns 96,397 shares of the bank’s stock valued at $7,538,000 after purchasing an additional 26,294 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky lifted its stake in shares of Texas Capital Bancshares by 19.5% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 56,606 shares of the bank’s stock valued at $4,045,000 after purchasing an additional 9,225 shares during the last quarter. 96.88% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Texas Capital Bancshares news, Director Robert W. Stallings acquired 7,000 shares of the stock in a transaction dated Tuesday, March 4th. The stock was acquired at an average price of $20.43 per share, with a total value of $143,010.00. Following the completion of the transaction, the director now directly owns 49,500 shares in the company, 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 document filed with the SEC, which is available at the SEC website. Over the last 90 days, insiders purchased 29,402 shares of company stock valued at $653,787. Corporate insiders own 1.72% of the company’s stock.

Texas Capital Bancshares Stock Performance

Texas Capital Bancshares stock opened at $75.88 on Friday. 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 $78.25 and a two-hundred day moving average of $78.36. The company has a market capitalization of $3.50 billion, a price-to-earnings ratio of 59.28, a PEG ratio of 0.75 and a beta of 1.13. Texas Capital Bancshares, Inc. has a fifty-two week low of $54.68 and a fifty-two week high of $91.80.

Texas Capital Bancshares (NASDAQ:TCBI) last released its quarterly earnings results 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 return on equity of 9.14% and a net margin of 3.99%. On average, analysts anticipate that Texas Capital Bancshares, Inc. will post 5.84 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. DA Davidson decreased their price target on Texas Capital Bancshares from $90.00 to $87.00 and set a “neutral” rating on the stock in a research note on Friday, January 24th. Barclays upped their price target on Texas Capital Bancshares from $60.00 to $71.00 and gave the company an “underweight” rating in a research note on Thursday, December 5th. 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. JPMorgan Chase & Co. decreased their target price 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. Finally, Hovde Group decreased their target price on Texas Capital Bancshares from $90.00 to $84.00 and set a “market perform” rating on the stock in a research note on Friday, March 7th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $79.47.

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.