Hedge funds cut NFLX, keep big bets on MSFT, AMZN, add NVDA
In a recent transaction, Robert W. Stallings, a director at Texas Capital Bancshares Inc. (NASDAQ:TCBI), purchased 1,000 depositary shares for Series B Preferred Stock. The shares were acquired on April 29, 2025, at an average price of $19.84 each, totaling $19,840. According to InvestingPro data, TCBI currently trades at $68.15, with a market capitalization of $3.13 billion. This transaction increases Stallings’ holdings in the company, with shares owned through SCG Ventures LP, a partnership with significant ownership by the RWS Investment Trust and the LES Investment Trust.
Following this purchase, Stallings’ indirect ownership through SCG Ventures LP now amounts to 229,913 shares. Additionally, he holds 90,039 shares of common stock indirectly and 289,961 shares directly. The transaction underscores Stallings’ continued investment in Texas Capital Bancshares, as the company navigates the financial landscape. InvestingPro subscribers can access detailed Fair Value analysis, comprehensive financial health scores, and 7 additional ProTips that provide deeper insights into TCBI’s investment potential.
In other recent news, Texas Capital Bancshares reported its first-quarter 2025 earnings, which fell short of expectations with an earnings per share (EPS) of $0.92 and revenue of $280.48 million, missing analyst forecasts of $0.9518 and $285.71 million, respectively. Despite this, the company raised its revenue guidance to anticipate high single to low double-digit growth for the year. Analysts from DA Davidson and Stephens adjusted their price targets for Texas Capital Bancshares, with DA Davidson lowering it to $76 while maintaining a Neutral rating, and Stephens reducing it to $90 but retaining an Overweight rating. The analysts cited mixed results in net interest income and fee income, with DA Davidson expressing caution over future revenue growth. Additionally, Texas Capital Bancshares appointed Ranjana B. Clark to its Board of Directors, bringing extensive experience from her roles at Mitsubishi UFJ (NYSE:MUFG) Financial Group and PayPal (NASDAQ:PYPL) Inc. The company also expressed confidence in a robust recovery in capital markets activity by the second half of 2025, despite current market uncertainties.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.