Vanguard Group Inc. Has $367.33 Million Position in Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Vanguard Group Inc. lifted its position in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 0.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,697,274 shares of the bank’s stock after acquiring an additional 20,245 shares during the period. Vanguard Group Inc. owned approximately 10.17% of Texas Capital Bancshares worth $367,327,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Wellington Management Group LLP raised its holdings in Texas Capital Bancshares by 15.4% in the third quarter. Wellington Management Group LLP now owns 1,123,221 shares of the bank’s stock worth $80,265,000 after purchasing an additional 150,301 shares during the period. Jupiter Asset Management Ltd. acquired a new stake in Texas Capital Bancshares during the 4th quarter worth $8,080,000. Fisher Asset Management LLC lifted its holdings in Texas Capital Bancshares by 26.9% during the fourth quarter. Fisher Asset Management LLC now owns 339,716 shares of the bank’s stock worth $26,566,000 after acquiring an additional 72,109 shares in the last quarter. Jane Street Group LLC grew its stake in Texas Capital Bancshares by 107.2% in the third quarter. Jane Street Group LLC now owns 132,672 shares of the bank’s stock valued at $9,481,000 after acquiring an additional 68,632 shares during the period. Finally, Hodges Capital Management Inc. increased its holdings in shares of Texas Capital Bancshares by 32.5% in the fourth quarter. Hodges Capital Management Inc. now owns 252,973 shares of the bank’s stock worth $19,782,000 after acquiring an additional 62,030 shares in the last quarter. Institutional investors own 96.88% of the company’s stock.

Wall Street Analyst Weigh In

TCBI has been the subject of several research analyst reports. Stephens decreased their price objective on Texas Capital Bancshares from $102.00 to $97.00 and set an “overweight” rating for the company in a research report on Tuesday, January 28th. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $95.00 price target (down previously from $100.00) on shares of Texas Capital Bancshares in a report on Wednesday, January 29th. JPMorgan Chase & Co. dropped their price objective on shares of Texas Capital Bancshares from $81.00 to $80.00 and set an “underweight” rating on the stock in a report on Friday, January 24th. StockNews.com raised shares of Texas Capital Bancshares from a “sell” rating to a “hold” rating in a research note on Friday, January 31st. Finally, DA Davidson dropped their price target on 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, eight have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Texas Capital Bancshares presently has an average rating of “Hold” and an average target price of $80.43.

Texas Capital Bancshares Stock Performance

Shares of NASDAQ TCBI opened at $74.71 on Thursday. The stock has a market capitalization of $3.45 billion, a PE ratio of 58.37, a price-to-earnings-growth ratio of 0.75 and a beta of 1.13. Texas Capital Bancshares, Inc. has a 52 week low of $54.68 and a 52 week high of $91.80. The stock has a 50 day moving average price of $77.68 and a 200 day moving average price of $78.80. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.00 and a current ratio of 1.00.

Texas Capital Bancshares (NASDAQ:TCBI) last released its earnings results on Thursday, January 23rd. The bank reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.36. Texas Capital Bancshares had a net margin of 3.99% and a return on equity of 9.14%. Analysts predict that Texas Capital Bancshares, Inc. will post 5.84 earnings per share for the current fiscal year.

Insider Buying and Selling at Texas Capital Bancshares

In other Texas Capital Bancshares news, Director Robert W. Stallings acquired 2,006 shares of the company’s stock in a transaction on Monday, January 27th. The shares were purchased at an average price of $20.99 per share, for a total transaction of $42,105.94. Following the completion of the purchase, the director now directly owns 182,899 shares of the company’s stock, valued at approximately $3,839,050.01. This represents a 1.11 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders bought a total of 29,402 shares of company stock worth $653,787 over the last quarter. 1.72% of the stock is currently owned by insiders.

About Texas Capital Bancshares

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.