Rhumbline Advisers Has $13.11 Million Position in Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Rhumbline Advisers raised its stake in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 1.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 167,686 shares of the bank’s stock after purchasing an additional 1,811 shares during the period. Rhumbline Advisers owned 0.36% of Texas Capital Bancshares worth $13,113,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Blue Trust Inc. increased its holdings in shares of Texas Capital Bancshares by 89.9% in the third quarter. Blue Trust Inc. now owns 357 shares of the bank’s stock valued at $26,000 after purchasing an additional 169 shares during the last quarter. State of Alaska Department of Revenue increased its holdings in shares of Texas Capital Bancshares by 3.5% in the third quarter. State of Alaska Department of Revenue now owns 5,366 shares of the bank’s stock valued at $383,000 after purchasing an additional 180 shares during the last quarter. Coldstream Capital Management Inc. increased its holdings in shares of Texas Capital Bancshares by 5.3% in the third quarter. Coldstream Capital Management Inc. now owns 4,309 shares of the bank’s stock valued at $309,000 after purchasing an additional 217 shares during the last quarter. Savant Capital LLC increased its holdings in shares of Texas Capital Bancshares by 5.7% in the fourth quarter. Savant Capital LLC now owns 5,604 shares of the bank’s stock valued at $438,000 after purchasing an additional 303 shares during the last quarter. Finally, M&T Bank Corp increased its holdings in shares of Texas Capital Bancshares by 6.8% in the third quarter. M&T Bank Corp now owns 4,946 shares of the bank’s stock valued at $353,000 after purchasing an additional 316 shares during the last quarter. 96.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Barclays upped their price target on shares of Texas Capital Bancshares from $60.00 to $71.00 and gave the company an “underweight” rating in a research note on Thursday, December 5th. JPMorgan Chase & Co. decreased their price target on shares of Texas Capital Bancshares from $81.00 to $80.00 and set an “underweight” rating on the stock in a research note on Friday, January 24th. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $95.00 price target (down from $100.00) on shares of Texas Capital Bancshares in a research note on Wednesday, January 29th. Stephens decreased their price target on shares of Texas Capital Bancshares from $102.00 to $97.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 28th. Finally, DA Davidson decreased their price target on shares of Texas Capital Bancshares from $90.00 to $87.00 and set a “neutral” rating on the stock in a research note on Friday, January 24th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $79.13.

Insider Transactions at Texas Capital Bancshares

In related news, Director Robert W. Stallings bought 5,670 shares of the company’s stock in a transaction dated Friday, January 24th. The stock was purchased at an average price of $27.60 per share, with a total value of $156,492.00. Following the completion of the acquisition, the director now owns 180,893 shares of the company’s stock, valued at $4,992,646.80. The trade was a 3.24 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last 90 days, insiders purchased 22,402 shares of company stock valued at $510,777. 0.99% of the stock is currently owned by insiders.

Texas Capital Bancshares Stock Down 1.8 %

TCBI stock opened at $79.58 on Friday. The stock has a market capitalization of $3.66 billion, a P/E ratio of 62.17, a price-to-earnings-growth ratio of 0.75 and a beta of 1.16. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.22. Texas Capital Bancshares, Inc. has a 12 month low of $54.68 and a 12 month high of $91.80. The firm has a 50-day moving average price of $79.24 and a 200-day moving average price of $76.64.

Texas Capital Bancshares (NASDAQ:TCBI) last posted its 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%. As a group, equities research analysts anticipate that Texas Capital Bancshares, Inc. will post 5.84 EPS for the current fiscal year.

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.