SYM FINANCIAL Corp Acquires Shares of 2,615 Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

SYM FINANCIAL Corp bought a new position in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 2,615 shares of the bank’s stock, valued at approximately $204,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Blue Trust Inc. grew its holdings in Texas Capital Bancshares by 89.9% in the third quarter. Blue Trust Inc. now owns 357 shares of the bank’s stock worth $26,000 after purchasing an additional 169 shares during the period. Icon Wealth Advisors LLC purchased a new position in Texas Capital Bancshares during the third quarter valued at $31,000. R Squared Ltd bought a new stake in Texas Capital Bancshares in the fourth quarter worth $41,000. Meeder Asset Management Inc. bought a new stake in Texas Capital Bancshares in the third quarter worth $71,000. Finally, CWM LLC grew its stake in shares of Texas Capital Bancshares by 69.8% in the third quarter. CWM LLC now owns 1,611 shares of the bank’s stock worth $115,000 after acquiring an additional 662 shares during the last quarter. Hedge funds and other institutional investors own 96.88% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on TCBI shares. Stephens cut their price target on shares of Texas Capital Bancshares from $102.00 to $97.00 and set an “overweight” rating on the stock in a report on Tuesday, January 28th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $95.00 price objective (down from $100.00) on shares of Texas Capital Bancshares in a research report on Wednesday, January 29th. JPMorgan Chase & Co. decreased their target price on Texas Capital Bancshares from $81.00 to $80.00 and set an “underweight” rating for the company in a research report on Friday, January 24th. Truist Financial raised their price target on shares of Texas Capital Bancshares from $80.00 to $86.00 and gave the company a “hold” rating in a report on Monday, October 21st. Finally, Hovde Group boosted their price objective on shares of Texas Capital Bancshares from $73.00 to $79.00 and gave the company a “market perform” rating in a report on Friday, October 18th. Three 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’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $79.13.

Insider Transactions at Texas Capital Bancshares

In other news, Director Robert W. Stallings purchased 2,006 shares of the company’s stock in a transaction that occurred on Monday, January 27th. The stock was purchased at an average cost of $20.99 per share, with a total value of $42,105.94. Following the purchase, the director now owns 182,899 shares in the company, valued at approximately $3,839,050.01. This trade represents a 1.11 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In the last 90 days, insiders purchased 8,402 shares of company stock worth $213,837. 0.99% of the stock is currently owned by company insiders.

Texas Capital Bancshares Stock Down 0.4 %

TCBI opened at $78.95 on Monday. Texas Capital Bancshares, Inc. has a fifty-two week low of $54.68 and a fifty-two week high of $91.80. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.01 and a current ratio of 1.00. The stock has a market cap of $3.65 billion, a price-to-earnings ratio of 61.68, a price-to-earnings-growth ratio of 0.69 and a beta of 1.17. The firm’s fifty day moving average is $81.05 and its 200 day moving average is $74.93.

Texas Capital Bancshares (NASDAQ:TCBI) last announced its quarterly earnings results on Thursday, January 23rd. The bank reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.36. Texas Capital Bancshares had a return on equity of 9.14% and a net margin of 3.99%. On average, sell-side analysts forecast that Texas Capital Bancshares, Inc. will post 5.82 earnings per share for the current fiscal year.

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.