Smith Graham & Co. Investment Advisors LP Acquires New Shares in Texas Capital Bancshares Inc (NASDAQ:TCBI)

Smith Graham & Co. Investment Advisors LP acquired a new stake in shares of Texas Capital Bancshares Inc (NASDAQ:TCBI) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 88,892 shares of the bank’s stock, valued at approximately $5,046,000.

A number of other large investors also recently added to or reduced their stakes in TCBI. Tower Research Capital LLC TRC grew its holdings in Texas Capital Bancshares by 1,637.5% during the second quarter. Tower Research Capital LLC TRC now owns 1,251 shares of the bank’s stock worth $76,000 after acquiring an additional 1,179 shares during the period. Point72 Asset Management L.P. acquired a new stake in shares of Texas Capital Bancshares in the second quarter worth $210,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Texas Capital Bancshares by 36.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,749 shares of the bank’s stock worth $213,000 after buying an additional 995 shares during the period. Dupont Capital Management Corp grew its holdings in shares of Texas Capital Bancshares by 19.9% during the third quarter. Dupont Capital Management Corp now owns 6,833 shares of the bank’s stock valued at $373,000 after buying an additional 1,134 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its holdings in shares of Texas Capital Bancshares by 57.0% during the third quarter. State of Alaska Department of Revenue now owns 8,937 shares of the bank’s stock valued at $488,000 after buying an additional 3,243 shares in the last quarter. Institutional investors and hedge funds own 93.61% of the company’s stock.

Several research analysts recently weighed in on the company. Keefe, Bruyette & Woods raised Texas Capital Bancshares from a “market perform” rating to an “outperform” rating and set a $72.00 price target on the stock in a research report on Wednesday, December 11th. Stephens restated a “hold” rating and set a $56.00 price objective on shares of Texas Capital Bancshares in a research report on Thursday, October 17th. Bank of America cut Texas Capital Bancshares from a “buy” rating to a “neutral” rating and set a $66.00 target price on the stock. in a research note on Wednesday, December 18th. Royal Bank of Canada downgraded Texas Capital Bancshares from an “outperform” rating to a “sector perform” rating and set a $66.00 target price on the stock. in a report on Tuesday, December 10th. Finally, BidaskClub lowered shares of Texas Capital Bancshares from a “sell” rating to a “strong sell” rating in a research report on Wednesday, January 1st. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $62.08.

In other news, Director Steve Rosenberg sold 1,997 shares of the firm’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $55.48, for a total transaction of $110,793.56. Following the transaction, the director now owns 36,115 shares in the company, valued at approximately $2,003,660.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.54% of the stock is owned by insiders.

Shares of TCBI opened at $53.83 on Wednesday. The firm has a market cap of $2.74 billion, a PE ratio of 8.71, a PEG ratio of 1.21 and a beta of 1.88. The firm’s 50 day moving average price is $57.58 and its 200 day moving average price is $56.80. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.11 and a current ratio of 1.20. Texas Capital Bancshares Inc has a twelve month low of $50.77 and a twelve month high of $66.61.

Texas Capital Bancshares Company Profile

Texas Capital Bancshares, Inc operates as the bank holding company for Texas Capital Bank, National Association that provides various banking products and services for commercial businesses, and professionals and entrepreneurs. It offers business deposit products and services, including commercial checking accounts, lockbox accounts, and cash concentration accounts, as well as other treasury management services, including information services, wire transfer initiation, ACH initiation, account transfer, and service integration; and consumer deposit products, such as checking accounts, savings accounts, money market accounts, and certificates of deposit.

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Institutional Ownership by Quarter for Texas Capital Bancshares (NASDAQ:TCBI)

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