Headlands Technologies LLC Has $104,000 Position in Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Headlands Technologies LLC lifted its holdings in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 41.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,613 shares of the bank’s stock after acquiring an additional 476 shares during the period. Headlands Technologies LLC’s holdings in Texas Capital Bancshares were worth $104,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Raymond James & Associates acquired a new position in Texas Capital Bancshares in the third quarter valued at approximately $1,138,000. Raymond James Financial Services Advisors Inc. acquired a new position in shares of Texas Capital Bancshares during the 3rd quarter valued at $572,000. Bank of New York Mellon Corp lifted its position in shares of Texas Capital Bancshares by 0.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,291,087 shares of the bank’s stock valued at $76,045,000 after acquiring an additional 4,210 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Texas Capital Bancshares by 17.7% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,828 shares of the bank’s stock worth $461,000 after acquiring an additional 1,177 shares in the last quarter. Finally, Strs Ohio grew its holdings in Texas Capital Bancshares by 133.3% in the third quarter. Strs Ohio now owns 2,100 shares of the bank’s stock worth $123,000 after purchasing an additional 1,200 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 $58.07 on Tuesday. The company has a fifty day moving average price of $58.91 and a 200-day moving average price of $59.05. The firm has a market cap of $2.71 billion, a price-to-earnings ratio of 17.60, a PEG ratio of 2.07 and a beta of 1.19. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.00 and a quick ratio of 1.00. Texas Capital Bancshares, Inc. has a 1 year low of $42.79 and a 1 year high of $66.18.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on TCBI. Hovde Group dropped their price objective on shares of Texas Capital Bancshares from $87.50 to $61.50 and set a “market perform” rating on the stock in a report on Friday, April 19th. Barclays assumed coverage on Texas Capital Bancshares in a research note on Friday, March 8th. They set an “underweight” rating and a $47.00 price target on the stock. Citigroup reduced their price objective on Texas Capital Bancshares from $66.00 to $64.00 and set a “neutral” rating for the company in a research note on Wednesday, March 13th. Wedbush lowered their target price on Texas Capital Bancshares from $64.00 to $61.00 and set a “neutral” rating on the stock in a research report on Friday, April 19th. Finally, Mizuho reiterated a “hold” rating and issued a $66.00 target price (down from $72.00) on shares of Texas Capital Bancshares in a report on Monday, April 1st. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Texas Capital Bancshares has an average rating of “Hold” and an average price target of $63.58.

Insider Buying and Selling

In other news, Director Thomas E. Long acquired 2,000 shares of the firm’s stock in a transaction on Tuesday, February 27th. The stock was purchased at an average price of $58.78 per share, for a total transaction of $117,560.00. Following the purchase, the director now owns 7,542 shares in the company, valued at approximately $443,318.76. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director Robert W. Stallings purchased 5,000 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The shares were bought at an average cost of $18.81 per share, with a total value of $94,050.00. Following the acquisition, the director now owns 140,706 shares of the company’s stock, valued at $2,646,679.86. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Thomas E. Long purchased 2,000 shares of Texas Capital Bancshares stock in a transaction that occurred on Tuesday, February 27th. The shares were bought at an average price of $58.78 per share, with a total value of $117,560.00. Following the transaction, the director now owns 7,542 shares of the company’s stock, valued at approximately $443,318.76. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 17,000 shares of company stock worth $403,170. 1.53% of the stock is owned by insiders.

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.