Intech Investment Management LLC Sells 103,499 Shares of Texas Capital Bancshares, Inc. $TCBI

Intech Investment Management LLC lowered its stake in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 75.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,088 shares of the bank’s stock after selling 103,499 shares during the quarter. Intech Investment Management LLC’s holdings in Texas Capital Bancshares were worth $3,086,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Danske Bank A S bought a new position in Texas Capital Bancshares in the 3rd quarter valued at $25,000. Farther Finance Advisors LLC grew its stake in Texas Capital Bancshares by 1,381.8% in the 4th quarter. Farther Finance Advisors LLC now owns 326 shares of the bank’s stock valued at $30,000 after purchasing an additional 304 shares during the period. Advisory Services Network LLC bought a new position in Texas Capital Bancshares in the 3rd quarter valued at $32,000. Thurston Springer Miller Herd & Titak Inc. grew its stake in Texas Capital Bancshares by 169.7% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 391 shares of the bank’s stock valued at $35,000 after purchasing an additional 246 shares during the period. Finally, Torren Management LLC bought a new position in Texas Capital Bancshares in the 4th quarter valued at $40,000. Institutional investors own 96.88% of the company’s stock.

Insider Activity

In other Texas Capital Bancshares news, Director Paola M. Arbour purchased 1,000 shares of the stock in a transaction on Wednesday, March 11th. The shares were purchased at an average price of $91.50 per share, with a total value of $91,500.00. Following the acquisition, the director directly owned 6,671 shares in the company, valued at approximately $610,396.50. The trade was a 17.63% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert W. Stallings purchased 5,500 shares of the stock in a transaction on Friday, March 6th. The stock was acquired at an average cost of $22.80 per share, for a total transaction of $125,400.00. Following the acquisition, the director owned 175,087 shares in the company, valued at approximately $3,991,983.60. This represents a 3.24% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders acquired 26,500 shares of company stock worth $670,700. Insiders own 1.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. dropped their price target on Texas Capital Bancshares from $105.00 to $100.00 and set an “underweight” rating on the stock in a research report on Wednesday, April 1st. Citigroup boosted their price objective on Texas Capital Bancshares from $88.00 to $96.00 and gave the company a “sell” rating in a research note on Tuesday, April 28th. Royal Bank Of Canada boosted their price objective on Texas Capital Bancshares from $110.00 to $114.00 and gave the company a “sector perform” rating in a research note on Friday, April 24th. Piper Sandler boosted their price objective on Texas Capital Bancshares from $96.00 to $100.00 and gave the company a “neutral” rating in a research note on Friday, April 24th. Finally, Wall Street Zen upgraded Texas Capital Bancshares from a “sell” rating to a “hold” rating in a research note on Sunday, May 17th. Four investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Texas Capital Bancshares has an average rating of “Hold” and an average price target of $104.09.

Texas Capital Bancshares Stock Performance

Shares of TCBI opened at $99.74 on Wednesday. The stock’s 50-day simple moving average is $98.82 and its 200 day simple moving average is $96.59. The stock has a market capitalization of $4.36 billion, a price-to-earnings ratio of 13.41, a price-to-earnings-growth ratio of 1.39 and a beta of 0.67. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.01 and a current ratio of 1.01. Texas Capital Bancshares, Inc. has a 52-week low of $70.81 and a 52-week high of $108.92.

Texas Capital Bancshares (NASDAQ:TCBI) last issued its quarterly earnings data on Thursday, April 23rd. The bank reported $1.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.16. Texas Capital Bancshares had a return on equity of 10.76% and a net margin of 17.71%.The business had revenue of $323.99 million for the quarter, compared to analysts’ expectations of $318.10 million. During the same quarter in the prior year, the firm posted $0.92 EPS. The firm’s quarterly revenue was up 15.5% on a year-over-year basis. Research analysts forecast that Texas Capital Bancshares, Inc. will post 7.63 EPS for the current fiscal year.

Texas Capital Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be issued a $0.20 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $0.80 annualized dividend and a dividend yield of 0.8%. Texas Capital Bancshares’s dividend payout ratio (DPR) is presently 10.75%.

Texas Capital Bancshares Profile

Texas Capital Bancshares, Inc is a bank holding company headquartered in Dallas, Texas, operating through its wholly owned subsidiary, Texas Capital Bank. The company specializes in providing commercial banking services to middle-market companies, entrepreneurs, professional service firms, real estate developers, and not-for-profit organizations. Its broad range of offerings includes commercial lending, treasury and cash management, real estate finance, equipment finance, and energy lending, all designed to address the unique financial needs of businesses navigating growth and market challenges.

In addition to its core commercial banking capabilities, Texas Capital Bancshares delivers private banking and wealth management services for business owners and high-net-worth individuals.