Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Shares Bought by Jane Street Group LLC

Jane Street Group LLC lifted its stake in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 107.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 132,672 shares of the bank’s stock after acquiring an additional 68,632 shares during the quarter. Jane Street Group LLC owned about 0.29% of Texas Capital Bancshares worth $9,481,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Wellington Management Group LLP increased its stake in shares of Texas Capital Bancshares by 15.4% during the third quarter. Wellington Management Group LLP now owns 1,123,221 shares of the bank’s stock valued at $80,265,000 after acquiring an additional 150,301 shares during the period. AQR Capital Management LLC boosted its holdings in Texas Capital Bancshares by 87.0% during the second quarter. AQR Capital Management LLC now owns 1,087,715 shares of the bank’s stock worth $65,219,000 after buying an additional 506,094 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Texas Capital Bancshares by 1.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 570,839 shares of the bank’s stock worth $40,792,000 after buying an additional 10,171 shares in the last quarter. American Century Companies Inc. boosted its holdings in Texas Capital Bancshares by 43.8% during the second quarter. American Century Companies Inc. now owns 562,507 shares of the bank’s stock worth $34,392,000 after buying an additional 171,263 shares in the last quarter. Finally, Segall Bryant & Hamill LLC boosted its holdings in Texas Capital Bancshares by 12.6% during the third quarter. Segall Bryant & Hamill LLC now owns 467,001 shares of the bank’s stock worth $33,372,000 after buying an additional 52,095 shares in the last quarter. Institutional investors and hedge funds own 96.88% of the company’s stock.

Texas Capital Bancshares Stock Down 1.3 %

Texas Capital Bancshares stock opened at $85.53 on Friday. The company has a market capitalization of $3.95 billion, a P/E ratio of 475.17, a P/E/G ratio of 0.83 and a beta of 1.14. The firm’s fifty day simple moving average is $82.25 and its 200-day simple moving average is $70.17. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.22. Texas Capital Bancshares, Inc. has a 1-year low of $54.68 and a 1-year high of $91.80.

Texas Capital Bancshares (NASDAQ:TCBI) last announced its earnings results on Thursday, October 17th. The bank reported $1.62 EPS for the quarter, topping the consensus estimate of $0.97 by $0.65. The firm had revenue of $304.91 million for the quarter, compared to the consensus estimate of $279.64 million. Texas Capital Bancshares had a net margin of 1.40% and a return on equity of 8.06%. Sell-side analysts forecast that Texas Capital Bancshares, Inc. will post 4.15 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Royal Bank of Canada raised their target price on shares of Texas Capital Bancshares from $73.00 to $83.00 and gave the stock a “sector perform” rating in a report on Friday, October 18th. Hovde Group raised their price objective on shares of Texas Capital Bancshares from $73.00 to $79.00 and gave the stock a “market perform” rating in a research note on Friday, October 18th. JPMorgan Chase & Co. raised their price objective on shares of Texas Capital Bancshares from $72.00 to $80.00 and gave the stock an “underweight” rating in a research note on Friday, October 18th. Truist Financial raised their price objective on shares of Texas Capital Bancshares from $80.00 to $86.00 and gave the stock a “hold” rating in a research note on Monday, October 21st. Finally, Piper Sandler lowered shares of Texas Capital Bancshares from an “overweight” rating to a “neutral” rating and lifted their target price for the company from $77.00 to $82.00 in a research note on Friday, October 18th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Texas Capital Bancshares has a consensus rating of “Hold” and a consensus price target of $74.69.

Insiders Place Their Bets

In related news, Director Robert W. Stallings purchased 20,000 shares of the firm’s stock in a transaction on Tuesday, October 22nd. The shares were bought at an average cost of $21.28 per share, for a total transaction of $425,600.00. Following the transaction, the director now directly owns 84,587 shares of the company’s stock, valued at approximately $1,800,011.36. This trade represents a 30.97 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.99% of the company’s stock.

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.