Moody National Bank Trust Division Has $1.36 Million Stock Holdings in Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Moody National Bank Trust Division raised its position in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 9.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,371 shares of the bank’s stock after acquiring an additional 1,508 shares during the period. Moody National Bank Trust Division’s holdings in Texas Capital Bancshares were worth $1,358,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Algert Global LLC grew its position in shares of Texas Capital Bancshares by 367.3% during the 3rd quarter. Algert Global LLC now owns 22,316 shares of the bank’s stock worth $1,595,000 after purchasing an additional 17,540 shares in the last quarter. AQR Capital Management LLC increased its stake in Texas Capital Bancshares by 87.0% in the second quarter. AQR Capital Management LLC now owns 1,087,715 shares of the bank’s stock valued at $65,219,000 after acquiring an additional 506,094 shares during the last quarter. Jane Street Group LLC lifted its stake in Texas Capital Bancshares by 107.2% during the third quarter. Jane Street Group LLC now owns 132,672 shares of the bank’s stock worth $9,481,000 after purchasing an additional 68,632 shares during the last quarter. Sei Investments Co. lifted its stake in Texas Capital Bancshares by 8.5% during the second quarter. Sei Investments Co. now owns 152,887 shares of the bank’s stock worth $9,347,000 after purchasing an additional 12,041 shares during the last quarter. Finally, LMR Partners LLP acquired a new stake in shares of Texas Capital Bancshares in the 3rd quarter valued at $740,000. Institutional investors and hedge funds own 96.88% of the company’s stock.

Insiders Place Their Bets

In related news, Director Robert W. Stallings acquired 20,000 shares of the company’s stock in a transaction dated Tuesday, October 22nd. The shares were purchased at an average price of $21.28 per share, for a total transaction of $425,600.00. Following the completion of the acquisition, the director now 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 ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.99% of the stock is currently owned by corporate insiders.

Texas Capital Bancshares Trading Up 1.1 %

TCBI opened at $74.05 on Tuesday. Texas Capital Bancshares, Inc. has a twelve month low of $54.68 and a twelve month high of $91.80. The company has a fifty day moving average of $82.94 and a 200-day moving average of $73.36. The stock has a market cap of $3.42 billion, a PE ratio of 411.39, a price-to-earnings-growth ratio of 0.80 and a beta of 1.17. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.22.

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

Analyst Upgrades and Downgrades

A number of research firms have issued reports on TCBI. Barclays lifted their target price on Texas Capital Bancshares from $60.00 to $71.00 and gave the company an “underweight” rating in a research report on Thursday, December 5th. Truist Financial increased their price objective on shares of Texas Capital Bancshares from $80.00 to $86.00 and gave the company a “hold” rating in a research note on Monday, October 21st. DA Davidson boosted their target price on shares of Texas Capital Bancshares from $73.00 to $81.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Wedbush reiterated a “sector perform” rating on shares of Texas Capital Bancshares in a report on Friday, October 18th. Finally, Hovde Group raised their price objective on Texas Capital Bancshares from $73.00 to $79.00 and gave the company a “market perform” rating in a report on Friday, October 18th. Four equities 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 company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $74.75.

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.