PNC Financial Services Group Inc. Has $258,000 Stock Holdings in Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

PNC Financial Services Group Inc. decreased its stake in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 9.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,998 shares of the bank’s stock after selling 401 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Texas Capital Bancshares were worth $258,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in TCBI. Headlands Technologies LLC increased its position in shares of Texas Capital Bancshares by 41.9% during the 4th quarter. Headlands Technologies LLC now owns 1,613 shares of the bank’s stock worth $104,000 after purchasing an additional 476 shares during the last quarter. Keener Financial Planning LLC acquired a new position in shares of Texas Capital Bancshares during the 4th quarter worth approximately $139,000. Anchor Investment Management LLC acquired a new position in shares of Texas Capital Bancshares during the 4th quarter worth approximately $152,000. TFO Wealth Partners LLC increased its position in shares of Texas Capital Bancshares by 123,750.0% during the 4th quarter. TFO Wealth Partners LLC now owns 2,477 shares of the bank’s stock worth $160,000 after purchasing an additional 2,475 shares during the last quarter. Finally, Mackenzie Financial Corp acquired a new position in shares of Texas Capital Bancshares during the 4th quarter worth approximately $204,000. Institutional investors and hedge funds own 96.88% of the company’s stock.

Insider Transactions at Texas Capital Bancshares

In other Texas Capital Bancshares news, Director Robert W. Stallings purchased 3,000 shares of the stock in a transaction dated Wednesday, May 22nd. The stock was bought at an average price of $19.36 per share, with a total value of $58,080.00. Following the acquisition, the director now owns 169,706 shares of the company’s stock, valued at $3,285,508.16. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Texas Capital Bancshares news, Director Robert W. Stallings purchased 3,000 shares of the stock in a transaction dated Wednesday, May 22nd. The stock was bought at an average price of $19.36 per share, with a total value of $58,080.00. Following the acquisition, the director now owns 169,706 shares of the company’s stock, valued at $3,285,508.16. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert W. Stallings purchased 6,000 shares of the stock in a transaction dated Monday, May 20th. The shares were acquired at an average cost of $19.52 per share, with a total value of $117,120.00. Following the acquisition, the director now directly owns 163,706 shares in the company, valued at approximately $3,195,541.12. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 15,004 shares of company stock valued at $292,878. Corporate insiders own 1.53% of the company’s stock.

Texas Capital Bancshares Price Performance

Shares of NASDAQ TCBI opened at $60.66 on Tuesday. The stock has a market capitalization of $2.83 billion, a PE ratio of 18.38, a P/E/G ratio of 1.54 and a beta of 1.15. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.00 and a quick ratio of 1.00. The business has a fifty day moving average price of $59.45 and a two-hundred day moving average price of $60.14. Texas Capital Bancshares, Inc. has a fifty-two week low of $50.40 and a fifty-two week high of $66.18.

Texas Capital Bancshares (NASDAQ:TCBI) last announced its quarterly earnings data on Thursday, April 18th. The bank reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.03. The firm had revenue of $256.33 million during the quarter, compared to analysts’ expectations of $253.27 million. Texas Capital Bancshares had a return on equity of 7.05% and a net margin of 9.66%. As a group, equities analysts predict that Texas Capital Bancshares, Inc. will post 3.46 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently commented on TCBI. Hovde Group reduced their target price on Texas Capital Bancshares from $87.50 to $61.50 and set a “market perform” rating for the company in a research note on Friday, April 19th. Raymond James downgraded Texas Capital Bancshares from a “strong-buy” rating to a “market perform” rating in a research note on Thursday, April 4th. Barclays began coverage on Texas Capital Bancshares in a research note on Friday, March 8th. They set an “underweight” rating and a $47.00 target price for the company. Wedbush reduced their target price on Texas Capital Bancshares from $64.00 to $61.00 and set a “neutral” rating for the company in a research note on Friday, April 19th. Finally, Royal Bank of Canada reduced their target price on Texas Capital Bancshares from $68.00 to $66.00 and set a “sector perform” rating for the company in a research note on Tuesday, April 9th. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $63.58.

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.