Tectonic Advisors LLC Buys 293 Shares of Texas Capital Bancshares, Inc. $TCBI

Tectonic Advisors LLC grew its stake in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 0.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 32,668 shares of the bank’s stock after purchasing an additional 293 shares during the period. Tectonic Advisors LLC owned approximately 0.07% of Texas Capital Bancshares worth $2,594,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of TCBI. UMB Bank n.a. lifted its stake in shares of Texas Capital Bancshares by 1,089.8% during the 1st quarter. UMB Bank n.a. now owns 583 shares of the bank’s stock worth $44,000 after acquiring an additional 534 shares during the last quarter. Ameritas Advisory Services LLC bought a new stake in shares of Texas Capital Bancshares during the 2nd quarter worth approximately $52,000. GAMMA Investing LLC lifted its stake in shares of Texas Capital Bancshares by 127.0% during the 1st quarter. GAMMA Investing LLC now owns 831 shares of the bank’s stock worth $62,000 after acquiring an additional 465 shares during the last quarter. State of Wyoming bought a new stake in shares of Texas Capital Bancshares during the 1st quarter worth approximately $70,000. Finally, Bayforest Capital Ltd lifted its stake in shares of Texas Capital Bancshares by 69.7% during the 1st quarter. Bayforest Capital Ltd now owns 2,309 shares of the bank’s stock worth $172,000 after acquiring an additional 948 shares during the last quarter. 96.88% of the stock is owned by institutional investors.

Texas Capital Bancshares Trading Down 0.4%

Shares of NASDAQ:TCBI opened at $86.25 on Thursday. Texas Capital Bancshares, Inc. has a 12-month low of $59.37 and a 12-month high of $94.61. The business’s fifty day simple moving average is $84.98 and its 200-day simple moving average is $78.58. The company has a market capitalization of $3.95 billion, a PE ratio of 34.23, a P/E/G ratio of 0.71 and a beta of 0.67. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.19.

Texas Capital Bancshares (NASDAQ:TCBI) last announced its quarterly earnings results on Thursday, July 17th. The bank reported $1.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.35. Texas Capital Bancshares had a return on equity of 10.36% and a net margin of 6.79%.The business had revenue of $307.46 million for the quarter, compared to the consensus estimate of $298.90 million. During the same period last year, the business posted $0.80 EPS. As a group, equities research analysts predict that Texas Capital Bancshares, Inc. will post 5.84 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. TD Cowen raised Texas Capital Bancshares to a “hold” rating in a research note on Thursday, September 25th. Cowen started coverage on Texas Capital Bancshares in a research report on Wednesday, September 24th. They set a “hold” rating for the company. Barclays set a $85.00 target price on Texas Capital Bancshares and gave the company an “underweight” rating in a research report on Wednesday. Citigroup lifted their target price on Texas Capital Bancshares from $69.00 to $79.00 and gave the company a “sell” rating in a research report on Friday, July 18th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Texas Capital Bancshares in a research report on Wednesday. Three equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $84.23.

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.