Goldman Sachs Group Inc. Boosts Stake in Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Goldman Sachs Group Inc. Increases Stake in Texas Capital Bancshares, Inc.

Goldman Sachs Group Inc. has significantly increased its stake in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 42.2% during the 4th quarter, according to a recent filing with the Securities and Exchange Commission (SEC). The institutional investor now owns 544,408 shares of the bank’s stock, valued at $35,185,000.

Other institutional investors have also been active in trading Texas Capital Bancshares stock. Headlands Technologies LLC, Keener Financial Planning LLC, Anchor Investment Management LLC, TFO Wealth Partners LLC, and Mackenzie Financial Corp have all made significant purchases or sales of the company’s shares in the 4th quarter.

In insider activity news, Director Robert W. Stallings has been actively acquiring shares of Texas Capital Bancshares. Stallings recently purchased 6,000 shares of the company’s stock at an average price of $19.52 per share, totaling $117,120.00. This follows previous purchases of 3,000 and 6,000 shares earlier in May. Overall, insiders have purchased 15,004 shares of company stock in the last quarter.

Analysts have also been weighing in on Texas Capital Bancshares, with several firms adjusting their price targets and ratings on the stock. Despite some downgrades, the company has a consensus rating of “Hold” and an average target price of $63.58.

Texas Capital Bancshares is currently trading up 0.1% on the NASDAQ, with a market capitalization of $2.72 billion. The company recently reported earnings that beat analysts’ estimates, with a return on equity of 7.05% and a net margin of 9.66%.

As a full-service financial services firm, Texas Capital Bancshares offers a range of banking and investment solutions to businesses and individual customers. The company’s profile includes commercial banking, consumer banking, investment banking, and wealth management services.

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