Savant Capital LLC Has $438,000 Holdings in Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Savant Capital LLC grew its holdings in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 5.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,604 shares of the bank’s stock after purchasing an additional 303 shares during the period. Savant Capital LLC’s holdings in Texas Capital Bancshares were worth $438,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Blue Trust Inc. boosted its position in shares of Texas Capital Bancshares by 89.9% during the 3rd quarter. Blue Trust Inc. now owns 357 shares of the bank’s stock worth $26,000 after acquiring an additional 169 shares in the last quarter. Icon Wealth Advisors LLC acquired a new stake in shares of Texas Capital Bancshares during the 3rd quarter worth approximately $31,000. R Squared Ltd acquired a new stake in shares of Texas Capital Bancshares during the 4th quarter worth approximately $41,000. Meeder Asset Management Inc. acquired a new stake in shares of Texas Capital Bancshares during the 3rd quarter worth approximately $71,000. Finally, CWM LLC boosted its position in shares of Texas Capital Bancshares by 69.8% during the 3rd quarter. CWM LLC now owns 1,611 shares of the bank’s stock worth $115,000 after acquiring an additional 662 shares in the last quarter. Institutional investors and hedge funds own 96.88% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on TCBI shares. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $95.00 price target (down previously from $100.00) on shares of Texas Capital Bancshares in a research report on Wednesday, January 29th. StockNews.com upgraded shares of Texas Capital Bancshares from a “sell” rating to a “hold” rating in a research report on Friday, January 31st. Barclays raised their target price on shares of Texas Capital Bancshares from $60.00 to $71.00 and gave the company an “underweight” rating in a research report on Thursday, December 5th. DA Davidson cut their target price on shares of Texas Capital Bancshares from $90.00 to $87.00 and set a “neutral” rating on the stock in a research report on Friday, January 24th. Finally, Stephens cut their target price on shares of Texas Capital Bancshares from $102.00 to $97.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 28th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Texas Capital Bancshares currently has a consensus rating of “Hold” and an average price target of $79.13.

Texas Capital Bancshares Price Performance

Shares of NASDAQ:TCBI opened at $81.02 on Monday. The firm has a market cap of $3.73 billion, a PE ratio of 63.30, a price-to-earnings-growth ratio of 0.78 and a beta of 1.16. The firm’s fifty day moving average is $79.67 and its 200-day moving average is $76.01. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.01 and a current ratio of 1.00. Texas Capital Bancshares, Inc. has a 52 week low of $54.68 and a 52 week high of $91.80.

Texas Capital Bancshares (NASDAQ:TCBI) last issued its quarterly earnings results on Thursday, January 23rd. The bank reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.36. Texas Capital Bancshares had a net margin of 3.99% and a return on equity of 9.14%. Sell-side analysts predict that Texas Capital Bancshares, Inc. will post 5.8 earnings per share for the current year.

Insider Transactions at Texas Capital Bancshares

In other news, Director Robert W. Stallings bought 5,670 shares of the company’s stock in a transaction that occurred on Friday, January 24th. The shares were acquired at an average price of $27.60 per share, for a total transaction of $156,492.00. Following the completion of the acquisition, the director now directly owns 180,893 shares in the company, valued at approximately $4,992,646.80. This represents a 3.24 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Over the last 90 days, insiders have acquired 22,402 shares of company stock worth $510,777. Company insiders own 0.99% of the company’s stock.

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.