Icon Wealth Advisors LLC Invests $31,000 in Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Icon Wealth Advisors LLC purchased a new stake in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 438 shares of the bank’s stock, valued at approximately $31,000.

Several other large investors have also recently added to or reduced their stakes in the company. Innealta Capital LLC bought a new position in shares of Texas Capital Bancshares in the 2nd quarter worth about $26,000. Blue Trust Inc. lifted 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 acquiring an additional 169 shares during the last quarter. CWM LLC boosted its stake in Texas Capital Bancshares by 40.8% in the second quarter. CWM LLC now owns 949 shares of the bank’s stock valued at $58,000 after acquiring an additional 275 shares during the period. Meeder Asset Management Inc. bought a new position in shares of Texas Capital Bancshares during the third quarter valued at approximately $71,000. Finally, Crossmark Global Holdings Inc. bought a new stake in shares of Texas Capital Bancshares in the 3rd quarter worth approximately $201,000. 96.88% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Robert W. Stallings bought 20,000 shares of the firm’s stock in a transaction on Tuesday, October 22nd. The stock was bought at an average cost of $21.28 per share, for a total transaction of $425,600.00. Following the completion of the acquisition, the director now directly owns 84,587 shares in the company, valued at $1,800,011.36. This represents a 30.97 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 1.53% of the stock is currently owned by company insiders.

Texas Capital Bancshares Stock Up 2.2 %

TCBI stock opened at $89.68 on Tuesday. The firm has a market cap of $4.14 billion, a PE ratio of 498.22, a P/E/G ratio of 0.83 and a beta of 1.12. Texas Capital Bancshares, Inc. has a 12 month low of $53.69 and a 12 month high of $91.80. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a 50 day simple moving average of $77.97 and a 200 day simple moving average of $67.86.

Texas Capital Bancshares (NASDAQ:TCBI) last released its quarterly earnings data on Thursday, October 17th. The bank reported $1.62 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.65. The business had revenue of $304.91 million during the quarter, compared to analyst estimates of $279.64 million. Texas Capital Bancshares had a return on equity of 8.06% and a net margin of 1.40%. Equities research analysts forecast that Texas Capital Bancshares, Inc. will post 4.15 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

TCBI has been the topic of several analyst reports. JPMorgan Chase & Co. increased their target price on Texas Capital Bancshares from $72.00 to $80.00 and gave the stock an “underweight” rating in a research report on Friday, October 18th. Piper Sandler downgraded shares of Texas Capital Bancshares from an “overweight” rating to a “neutral” rating and lifted their price objective for the company from $77.00 to $82.00 in a research report on Friday, October 18th. Wedbush restated a “sector perform” rating on shares of Texas Capital Bancshares in a research report on Friday, October 18th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $74.00 price target on shares of Texas Capital Bancshares in a report on Monday, September 9th. Finally, Barclays increased their price objective on Texas Capital Bancshares from $49.00 to $60.00 and gave the stock an “underweight” rating in a report on Friday, October 18th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $74.00.

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.