Victory Capital Management Inc. Buys 26,294 Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Victory Capital Management Inc. lifted its stake in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 37.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 96,397 shares of the bank’s stock after acquiring an additional 26,294 shares during the quarter. Victory Capital Management Inc. owned approximately 0.21% of Texas Capital Bancshares worth $7,538,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Icon Wealth Advisors LLC acquired a new stake in shares of Texas Capital Bancshares in the third quarter valued at about $31,000. Venturi Wealth Management LLC acquired a new stake in shares of Texas Capital Bancshares in the fourth quarter valued at about $37,000. R Squared Ltd acquired a new position in Texas Capital Bancshares during the fourth quarter worth approximately $41,000. Meeder Asset Management Inc. acquired a new position in Texas Capital Bancshares during the third quarter worth approximately $71,000. Finally, KBC Group NV increased its position in Texas Capital Bancshares by 64.2% during the fourth quarter. KBC Group NV now owns 2,172 shares of the bank’s stock worth $170,000 after buying an additional 849 shares during the last quarter. 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 2,006 shares of the company’s stock in a transaction that occurred on Monday, January 27th. The shares were acquired at an average price of $20.99 per share, with a total value of $42,105.94. Following the transaction, the director now owns 182,899 shares in the company, valued at $3,839,050.01. The trade was a 1.11 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have purchased 29,402 shares of company stock valued at $653,787 in the last 90 days. 0.99% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on TCBI. DA Davidson lowered their price target on 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. JPMorgan Chase & Co. lowered their price target on Texas Capital Bancshares from $81.00 to $80.00 and set an “underweight” rating on the stock in a research report on Friday, January 24th. Barclays boosted their price target on Texas Capital Bancshares from $60.00 to $71.00 and gave the stock an “underweight” rating in a research report on Thursday, December 5th. Keefe, Bruyette & Woods reissued 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. Finally, Stephens lowered their price target on 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 research analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $79.47.

Texas Capital Bancshares Price Performance

TCBI stock opened at $74.65 on Friday. The stock has a market capitalization of $3.43 billion, a PE ratio of 58.32, a price-to-earnings-growth ratio of 0.75 and a beta of 1.13. The company’s 50-day moving average is $78.29 and its 200-day moving average is $77.96. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.00 and a quick ratio of 1.00. Texas Capital Bancshares, Inc. has a 1 year low of $54.68 and a 1 year high of $91.80.

Texas Capital Bancshares (NASDAQ:TCBI) last released its quarterly earnings data on Thursday, January 23rd. The bank reported $1.43 earnings per share (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%. Equities research analysts expect 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.