MGO One Seven LLC lowered its stake in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI – Free Report) by 4.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,615 shares of the bank’s stock after selling 286 shares during the period. MGO One Seven LLC’s holdings in Texas Capital Bancshares were worth $324,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Quadrant Capital Group LLC boosted its holdings in Texas Capital Bancshares by 1,083.3% in the 4th quarter. Quadrant Capital Group LLC now owns 426 shares of the bank’s stock worth $26,000 after buying an additional 390 shares during the period. Parallel Advisors LLC boosted its holdings in Texas Capital Bancshares by 26,750.0% in the 1st quarter. Parallel Advisors LLC now owns 537 shares of the bank’s stock valued at $26,000 after purchasing an additional 535 shares during the period. Ameritas Advisory Services LLC bought a new position in Texas Capital Bancshares in the 1st quarter valued at $32,000. Rockefeller Capital Management L.P. boosted its holdings in Texas Capital Bancshares by 25.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,049 shares of the bank’s stock valued at $63,000 after purchasing an additional 210 shares during the period. Finally, Worth Asset Management LLC bought a new position in Texas Capital Bancshares in the 1st quarter valued at $64,000. 97.48% of the stock is owned by institutional investors.
Texas Capital Bancshares Trading Down 2.7 %
Shares of TCBI opened at $61.27 on Wednesday. The stock has a market capitalization of $2.94 billion, a P/E ratio of 8.75, a PEG ratio of 1.89 and a beta of 1.32. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.31. The firm has a fifty day simple moving average of $57.31 and a two-hundred day simple moving average of $55.83. Texas Capital Bancshares, Inc. has a twelve month low of $42.79 and a twelve month high of $69.26.
Wall Street Analysts Forecast Growth
Several research analysts have commented on the stock. Raymond James raised their price target on shares of Texas Capital Bancshares from $65.00 to $74.00 and gave the company a “strong-buy” rating in a report on Friday, July 21st. Royal Bank of Canada reiterated a “sector perform” rating and issued a $59.00 price objective on shares of Texas Capital Bancshares in a report on Friday, April 21st. JPMorgan Chase & Co. raised their price objective on Texas Capital Bancshares from $52.00 to $56.00 in a report on Thursday, June 29th. Wedbush upped their target price on Texas Capital Bancshares from $55.00 to $70.00 and gave the stock a “neutral” rating in a research note on Friday, July 21st. Finally, UBS Group lifted their price target on shares of Texas Capital Bancshares from $48.00 to $51.00 in a research note on Monday, April 24th. Four research analysts have rated the stock with a sell rating, three have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $61.22.
View Our Latest Stock Report on Texas Capital Bancshares
Insiders Place Their Bets
In other Texas Capital Bancshares news, Director Robert W. Stallings purchased 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 30th. The stock was bought at an average cost of $48.89 per share, for a total transaction of $97,780.00. Following the purchase, the director now directly owns 254,000 shares in the company, valued at $12,418,060. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Robert W. Stallings acquired 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 30th. The shares were bought at an average cost of $48.89 per share, with a total value of $97,780.00. Following the transaction, the director now owns 254,000 shares of the company’s stock, valued at approximately $12,418,060. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert W. Stallings acquired 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 14th. The shares were purchased at an average cost of $17.95 per share, for a total transaction of $89,750.00. Following the completion of the transaction, the director now directly owns 5,000 shares in the company, valued at approximately $89,750. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 15,000 shares of company stock worth $667,690. 0.99% of the stock is currently owned by corporate insiders.
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, and wealth management services.
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