Wolverine Asset Management LLC Has $4.11 Million Holdings in Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Wolverine Asset Management LLC lifted its holdings in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 28.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 52,517 shares of the bank’s stock after acquiring an additional 11,479 shares during the period. Wolverine Asset Management LLC owned approximately 0.11% of Texas Capital Bancshares worth $4,107,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Blue Trust Inc. grew its stake in shares of Texas Capital Bancshares by 89.9% in the third quarter. Blue Trust Inc. now owns 357 shares of the bank’s stock valued at $26,000 after acquiring an additional 169 shares in the last quarter. Icon Wealth Advisors LLC acquired a new position in shares of Texas Capital Bancshares in the third quarter valued at about $31,000. Venturi Wealth Management LLC acquired a new stake in Texas Capital Bancshares during the fourth quarter worth about $37,000. R Squared Ltd acquired a new stake in Texas Capital Bancshares during the fourth quarter worth about $41,000. Finally, Meeder Asset Management Inc. acquired a new stake in Texas Capital Bancshares during the third quarter worth about $71,000. 96.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. DA Davidson reduced their price objective on shares of Texas Capital Bancshares from $90.00 to $87.00 and set a “neutral” rating for the company in a research report on Friday, January 24th. JPMorgan Chase & Co. cut their price objective on shares of Texas Capital Bancshares from $81.00 to $80.00 and set an “underweight” rating on the stock in a report on Friday, January 24th. Stephens cut their price objective 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. Barclays lifted their target price on Texas Capital Bancshares from $60.00 to $71.00 and gave the stock an “underweight” rating in a research note on Thursday, December 5th. Finally, StockNews.com upgraded Texas Capital Bancshares from a “sell” rating to a “hold” rating in a research note on Friday, January 31st. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $79.13.

Texas Capital Bancshares Stock Down 1.3 %

Shares of NASDAQ TCBI opened at $81.06 on Friday. The firm has a market capitalization of $3.73 billion, a price-to-earnings ratio of 63.33, a PEG ratio of 0.76 and a beta of 1.16. The business has a 50-day moving average of $79.34 and a 200-day moving average of $76.37. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.22. Texas Capital Bancshares, Inc. has a 12 month low of $54.68 and a 12 month high of $91.80.

Texas Capital Bancshares (NASDAQ:TCBI) last issued its earnings results on Thursday, January 23rd. The bank reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.36. Texas Capital Bancshares had a return on equity of 9.14% and a net margin of 3.99%. Sell-side analysts expect that Texas Capital Bancshares, Inc. will post 5.84 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Robert W. Stallings bought 5,670 shares of the business’s stock in a transaction on Friday, January 24th. The stock was acquired at an average price of $27.60 per share, with a total value of $156,492.00. Following the completion of the purchase, the director now directly owns 180,893 shares in the company, valued at $4,992,646.80. This represents a 3.24 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders bought a total of 22,402 shares of company stock valued at $510,777 over the last quarter. 0.99% of the stock is owned by corporate insiders.

Texas Capital Bancshares 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.