Dimensional Fund Advisors LP Sells 16,280 Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Dimensional Fund Advisors LP lessened its position in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 0.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,310,895 shares of the bank’s stock after selling 16,280 shares during the period. Dimensional Fund Advisors LP owned approximately 7.10% of Texas Capital Bancshares worth $202,424,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. American Century Companies Inc. increased its holdings in Texas Capital Bancshares by 43.8% during the 2nd quarter. American Century Companies Inc. now owns 562,507 shares of the bank’s stock worth $34,392,000 after acquiring an additional 171,263 shares during the period. Texas Permanent School Fund Corp grew its stake in Texas Capital Bancshares by 16.0% in the 2nd quarter. Texas Permanent School Fund Corp now owns 47,944 shares of the bank’s stock worth $2,931,000 after buying an additional 6,602 shares in the last quarter. Quest Partners LLC purchased a new position in Texas Capital Bancshares in the 2nd quarter worth approximately $629,000. Victory Capital Management Inc. grew its stake in Texas Capital Bancshares by 10.1% in the 2nd quarter. Victory Capital Management Inc. now owns 16,434 shares of the bank’s stock worth $1,005,000 after buying an additional 1,513 shares in the last quarter. Finally, TD Asset Management Inc grew its stake in Texas Capital Bancshares by 26.6% in the 2nd quarter. TD Asset Management Inc now owns 34,278 shares of the bank’s stock worth $2,096,000 after buying an additional 7,200 shares in the last quarter. Institutional investors own 96.88% of the company’s stock.

Texas Capital Bancshares Trading Up 2.7 %

Shares of TCBI opened at $73.90 on Friday. The stock has a market capitalization of $3.41 billion, a P/E ratio of 22.39, a PEG ratio of 1.02 and a beta of 1.13. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 0.23. The firm has a fifty day simple moving average of $65.19 and a two-hundred day simple moving average of $61.40. Texas Capital Bancshares, Inc. has a twelve month low of $52.89 and a twelve month high of $74.57.

Texas Capital Bancshares (NASDAQ:TCBI) last announced its quarterly earnings results on Thursday, July 18th. The bank reported $0.80 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.06). The firm had revenue of $472.49 million for the quarter, compared to analysts’ expectations of $268.02 million. Texas Capital Bancshares had a net margin of 8.08% and a return on equity of 6.05%. During the same period in the previous year, the company earned $1.33 EPS. On average, research analysts anticipate that Texas Capital Bancshares, Inc. will post 3.43 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have commented on TCBI shares. Citigroup reissued a “sell” rating and issued a $60.00 price target on shares of Texas Capital Bancshares in a research note on Monday, July 22nd. Truist Financial boosted their price target on shares of Texas Capital Bancshares from $62.00 to $70.00 and gave the stock a “hold” rating in a research note on Monday, July 22nd. Jefferies Financial Group cut their price target on shares of Texas Capital Bancshares from $64.00 to $61.00 and set a “hold” rating for the company in a research note on Wednesday, July 3rd. DA Davidson upped their price objective on shares of Texas Capital Bancshares from $65.00 to $74.00 and gave the company a “neutral” rating in a research note on Monday, September 9th. Finally, Wedbush upped their price objective on shares of Texas Capital Bancshares from $62.00 to $70.00 and gave the company a “neutral” rating in a research note on Friday, July 19th. Five research analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Texas Capital Bancshares has an average rating of “Hold” and an average target price of $67.30.

Insiders Place Their Bets

In related news, Director Robert W. Stallings acquired 10,000 shares of the firm’s stock in a transaction on Monday, July 29th. The stock was acquired at an average cost of $20.46 per share, for a total transaction of $204,600.00. Following the acquisition, the director now owns 31,294 shares of the company’s stock, valued at $640,275.24. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director Robert W. Stallings acquired 14,000 shares of the firm’s stock in a transaction on Wednesday, July 31st. The stock was acquired at an average cost of $19.93 per share, for a total transaction of $279,020.00. Following the acquisition, the director now owns 55,294 shares of the company’s stock, valued at $1,102,009.42. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robert W. Stallings acquired 10,000 shares of the firm’s stock in a transaction on Monday, July 29th. The stock was bought at an average price of $20.46 per share, with a total value of $204,600.00. Following the completion of the acquisition, the director now directly owns 31,294 shares in the company, valued at approximately $640,275.24. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 43,500 shares of company stock worth $876,400. 0.99% of the stock is currently owned by corporate insiders.

Texas Capital Bancshares Company 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.