Cantor Fitzgerald Investment Advisors L.P. Trims Holdings in Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Cantor Fitzgerald Investment Advisors L.P. reduced its stake in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 16.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,200 shares of the bank’s stock after selling 1,000 shares during the quarter. Cantor Fitzgerald Investment Advisors L.P.’s holdings in Texas Capital Bancshares were worth $372,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of TCBI. Blue Trust Inc. raised its position in shares of Texas Capital Bancshares by 89.9% during the 3rd quarter. Blue Trust Inc. now owns 357 shares of the bank’s stock valued at $26,000 after buying an additional 169 shares during the period. Innealta Capital LLC acquired a new stake in Texas Capital Bancshares during the second quarter worth $26,000. Fidelis Capital Partners LLC purchased a new stake in Texas Capital Bancshares in the first quarter valued at $54,000. CWM LLC lifted 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 valued at $58,000 after purchasing an additional 275 shares during the last quarter. Finally, Headlands Technologies LLC grew its holdings in shares of Texas Capital Bancshares by 80.4% during the 1st quarter. Headlands Technologies LLC now owns 2,910 shares of the bank’s stock worth $179,000 after purchasing an additional 1,297 shares during the period. 96.88% of the stock is owned by institutional investors and hedge funds.

Texas Capital Bancshares Stock Performance

NASDAQ TCBI opened at $77.57 on Wednesday. The company has a market capitalization of $3.58 billion, a PE ratio of 430.94, a P/E/G ratio of 0.75 and a beta of 1.13. Texas Capital Bancshares, Inc. has a 1 year low of $53.16 and a 1 year high of $82.25. The company has a fifty day moving average of $71.49 and a two-hundred day moving average of $64.48. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.01 and a quick ratio of 1.01.

Analyst Ratings Changes

TCBI has been the topic of a number of recent analyst reports. Jefferies Financial Group decreased their target price on shares of Texas Capital Bancshares from $64.00 to $61.00 and set a “hold” rating on the stock in a research report on Wednesday, July 3rd. Stephens boosted their price objective on Texas Capital Bancshares from $73.00 to $75.00 and gave the company an “overweight” rating in a report on Friday, July 19th. Raymond James raised shares of Texas Capital Bancshares from a “market perform” rating to an “outperform” rating and set a $78.00 price objective for the company in a research note on Tuesday, September 17th. Truist Financial upped their price objective on Texas Capital Bancshares from $80.00 to $86.00 and gave the stock a “hold” rating in a research report on Monday, October 21st. Finally, Wedbush restated a “sector perform” rating on shares of Texas Capital Bancshares in a report on Friday, October 18th. Five equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Texas Capital Bancshares currently has a consensus rating of “Hold” and a consensus price target of $74.00.

Insider Transactions at Texas Capital Bancshares

In other Texas Capital Bancshares news, Director Robert W. Stallings purchased 15,000 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The stock was purchased at an average price of $20.00 per share, for a total transaction of $300,000.00. Following the purchase, the director now directly owns 20,000 shares in the company, valued at approximately $400,000. This trade represents a 300.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Robert W. Stallings acquired 20,000 shares of the business’s stock in a transaction on Tuesday, October 22nd. The stock was bought at an average price of $21.28 per share, for a total transaction of $425,600.00. Following the transaction, the director now owns 84,587 shares in the company, valued at $1,800,011.36. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Robert W. Stallings bought 15,000 shares of Texas Capital Bancshares stock in a transaction dated Friday, August 2nd. The stock was purchased at an average price of $20.00 per share, with a total value of $300,000.00. Following the purchase, the director now directly owns 20,000 shares in the company, valued at approximately $400,000. This trade represents a 300.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 1.53% of the company’s stock.

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.