Quantinno Capital Management LP Acquires 25,781 Shares of Texas Capital Bancshares, Inc. $TCBI

Quantinno Capital Management LP raised its holdings in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 288.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 34,729 shares of the bank’s stock after buying an additional 25,781 shares during the quarter. Quantinno Capital Management LP’s holdings in Texas Capital Bancshares were worth $3,295,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Texas Capital Bancshares in the first quarter worth $18,391,000. Gabelli Funds LLC raised its stake in Texas Capital Bancshares by 15.6% during the 1st quarter. Gabelli Funds LLC now owns 15,600 shares of the bank’s stock valued at $1,480,000 after purchasing an additional 2,100 shares during the last quarter. Inceptionr LLC bought a new stake in Texas Capital Bancshares in the 1st quarter valued at $379,000. Sei Investments Co. boosted its holdings in Texas Capital Bancshares by 64.9% in the 1st quarter. Sei Investments Co. now owns 222,565 shares of the bank’s stock valued at $21,117,000 after purchasing an additional 87,617 shares during the period. Finally, First Trust Advisors LP grew its position in Texas Capital Bancshares by 151.0% in the 1st quarter. First Trust Advisors LP now owns 71,580 shares of the bank’s stock worth $6,792,000 after purchasing an additional 43,065 shares during the last quarter. 96.88% of the stock is owned by institutional investors.

Texas Capital Bancshares Price Performance

NASDAQ:TCBI opened at $99.33 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.00 and a current ratio of 1.00. The company has a 50-day moving average of $101.45 and a 200-day moving average of $99.72. Texas Capital Bancshares, Inc. has a 52 week low of $75.41 and a 52 week high of $108.92. The company has a market capitalization of $4.32 billion, a price-to-earnings ratio of 12.92, a PEG ratio of 1.21 and a beta of 0.68.

Texas Capital Bancshares (NASDAQ:TCBI) last posted its earnings results on Wednesday, July 22nd. The bank reported $1.88 earnings per share for the quarter, beating analysts’ consensus estimates of $1.87 by $0.01. Texas Capital Bancshares had a net margin of 17.90% and a return on equity of 10.86%. The business had revenue of $335.50 million for the quarter, compared to analysts’ expectations of $333.37 million. During the same quarter in the previous year, the firm posted $1.63 earnings per share. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. As a group, equities research analysts anticipate that Texas Capital Bancshares, Inc. will post 7.39 earnings per share for the current fiscal year.

Texas Capital Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Tuesday, September 1st. Texas Capital Bancshares’s dividend payout ratio is currently 10.40%.

Insider Activity

In other news, insider Ellen Detrich sold 2,045 shares of the stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $100.03, for a total value of $204,561.35. Following the completion of the transaction, the insider directly owned 7,529 shares of the company’s stock, valued at approximately $753,125.87. This represents a 21.36% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Rob C. Holmes sold 49,500 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $101.22, for a total value of $5,010,390.00. Following the transaction, the chief executive officer owned 167,635 shares of the company’s stock, valued at $16,968,014.70. This trade represents a 22.80% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 104,145 shares of company stock worth $10,570,584. Company insiders own 1.91% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on TCBI shares. Stephens dropped their price objective on shares of Texas Capital Bancshares from $116.00 to $112.00 and set an “overweight” rating on the stock in a report on Thursday, July 23rd. TD Cowen decreased their target price on Texas Capital Bancshares from $109.00 to $106.00 and set a “hold” rating on the stock in a research report on Monday, July 27th. Citigroup boosted their price target on Texas Capital Bancshares from $105.00 to $107.00 and gave the company a “neutral” rating in a research note on Friday, July 24th. Fundamental Research set a $110.00 price target on Texas Capital Bancshares in a report on Wednesday, July 1st. Finally, Barclays upgraded Texas Capital Bancshares from an “underweight” rating to an “equal weight” rating and set a $100.00 price objective for the company in a research report on Monday, August 3rd. Four research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Texas Capital Bancshares currently has an average rating of “Hold” and a consensus price target of $105.83.

Texas Capital Bancshares Company 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.