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

Quantbot Technologies LP raised its position in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 3,939.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 41,686 shares of the bank’s stock after acquiring an additional 40,654 shares during the period. Quantbot Technologies LP’s holdings in Texas Capital Bancshares were worth $3,260,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Picton Mahoney Asset Management acquired a new position in shares of Texas Capital Bancshares during the fourth quarter worth about $30,000. Icon Wealth Advisors LLC acquired a new position in shares of Texas Capital Bancshares during the third quarter worth about $31,000. Assetmark Inc. acquired a new position in shares of Texas Capital Bancshares during the fourth quarter worth about $32,000. Venturi Wealth Management LLC acquired a new position in shares of Texas Capital Bancshares during the fourth quarter worth 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. Hedge funds and other institutional investors own 96.88% of the company’s stock.

Insider Activity

In related news, Director Robert W. Stallings bought 5,670 shares of the stock in a transaction dated Friday, January 24th. The stock was bought at an average cost of $27.60 per share, with a total value of $156,492.00. Following the completion of the acquisition, the director now owns 180,893 shares of the company’s stock, valued at $4,992,646.80. This trade represents a 3.24 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders purchased 29,402 shares of company stock valued at $653,787. 1.72% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. StockNews.com upgraded Texas Capital Bancshares from a “sell” rating to a “hold” rating in a research note on Friday, January 31st. Barclays boosted 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. Hovde Group cut their price target 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. DA Davidson cut 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. Finally, Stephens cut 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. Three 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 data from MarketBeat, the company has an average rating of “Hold” and an average price target of $79.47.

Texas Capital Bancshares Trading Up 0.4 %

Shares of NASDAQ TCBI opened at $75.88 on Friday. The stock’s 50 day moving average price is $78.25 and its two-hundred day moving average price is $78.36. Texas Capital Bancshares, Inc. has a 52-week low of $54.68 and a 52-week high of $91.80. The stock has a market capitalization of $3.50 billion, a P/E ratio of 59.28, a PEG ratio of 0.75 and a beta of 1.13. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.22.

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, analysts anticipate that Texas Capital Bancshares, Inc. will post 5.84 earnings per share for the current fiscal year.

About Texas Capital Bancshares

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.