Tectonic Advisors LLC Buys 244 Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Tectonic Advisors LLC raised its holdings in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 1.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 22,818 shares of the bank’s stock after purchasing an additional 244 shares during the period. Tectonic Advisors LLC’s holdings in Texas Capital Bancshares were worth $1,631,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in TCBI. Innealta Capital LLC purchased a new stake in shares of Texas Capital Bancshares during the second quarter valued at approximately $26,000. Blue Trust Inc. increased its holdings in Texas Capital Bancshares by 89.9% in the 3rd quarter. Blue Trust Inc. now owns 357 shares of the bank’s stock valued at $26,000 after acquiring an additional 169 shares during the last quarter. Fidelis Capital Partners LLC purchased a new position in shares of Texas Capital Bancshares in the 1st quarter worth $54,000. CWM LLC grew its stake in shares of Texas Capital Bancshares by 40.8% in the 2nd quarter. CWM LLC now owns 949 shares of the bank’s stock worth $58,000 after buying an additional 275 shares in the last quarter. Finally, Headlands Technologies LLC grew its stake in shares of Texas Capital Bancshares by 80.4% in the 1st quarter. Headlands Technologies LLC now owns 2,910 shares of the bank’s stock worth $179,000 after buying an additional 1,297 shares in the last quarter. Institutional investors own 96.88% of the company’s stock.

Texas Capital Bancshares Price Performance

Shares of NASDAQ TCBI opened at $77.95 on Friday. The firm has a 50-day simple moving average of $70.55 and a 200-day simple moving average of $63.98. The stock has a market capitalization of $3.60 billion, a price-to-earnings ratio of 433.06, a price-to-earnings-growth ratio of 0.79 and a beta of 1.13. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.22. Texas Capital Bancshares, Inc. has a 52 week low of $53.16 and a 52 week high of $82.25.

Insider Buying and Selling

In other news, Director Robert W. Stallings acquired 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 22nd. The stock was purchased at an average cost of $21.28 per share, for a total transaction of $425,600.00. Following the completion of the transaction, the director now owns 84,587 shares in the company, valued at approximately $1,800,011.36. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Texas Capital Bancshares news, Director Robert W. Stallings acquired 10,000 shares of the stock in a transaction dated Monday, July 29th. The stock was acquired at an average price of $20.46 per share, with a total value of $204,600.00. Following the completion of the purchase, the director now owns 31,294 shares in the company, valued at $640,275.24. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert W. Stallings acquired 20,000 shares of the stock in a transaction dated Tuesday, October 22nd. The stock was acquired at an average cost of $21.28 per share, with a total value of $425,600.00. Following the purchase, the director now owns 84,587 shares of the company’s stock, valued at approximately $1,800,011.36. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 59,000 shares of company stock worth $1,209,220. Insiders own 0.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Truist Financial lifted their price target on shares of Texas Capital Bancshares from $80.00 to $86.00 and gave the stock a “hold” rating in a research note on Monday. Jefferies Financial Group reduced their price objective on shares of Texas Capital Bancshares from $64.00 to $61.00 and set a “hold” rating for the company in a research note on Wednesday, July 3rd. Bank of America raised shares of Texas Capital Bancshares from an “underperform” rating to a “buy” rating and boosted their target price for the stock from $51.00 to $77.00 in a research report on Monday, September 9th. Citigroup reaffirmed a “sell” rating and issued a $60.00 price objective on shares of Texas Capital Bancshares in a report on Monday, July 22nd. Finally, Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $74.00 price objective on shares of Texas Capital Bancshares in a report on Monday, September 9th. Four 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, Texas Capital Bancshares currently has a consensus rating of “Hold” and an average target price of $73.56.

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.