Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. lessened its stake in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) by 14.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,614,589 shares of the bank's stock after selling 281,358 shares during the quarter. Alliancebernstein L.P. owned approximately 3.49% of Texas Capital Bancshares worth $126,261,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Picton Mahoney Asset Management acquired a new stake in shares of Texas Capital Bancshares during the 4th quarter worth about $30,000. Assetmark Inc. purchased a new stake in Texas Capital Bancshares in the 4th quarter worth approximately $32,000. Venturi Wealth Management LLC acquired a new position in Texas Capital Bancshares in the 4th quarter valued at $37,000. R Squared Ltd purchased a new position in shares of Texas Capital Bancshares during the 4th quarter worth $41,000. Finally, KBC Group NV boosted its holdings in shares of 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 purchasing an additional 849 shares during the last quarter. Institutional investors and hedge funds own 96.88% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Stephens reduced their target price 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. Hovde Group decreased their target price on shares of Texas Capital Bancshares from $90.00 to $84.00 and set a "market perform" rating on the stock in a research report on Friday, March 7th. Barclays boosted their target price on shares of Texas Capital Bancshares from $60.00 to $71.00 and gave the company an "underweight" rating in a report on Thursday, December 5th. StockNews.com upgraded shares of Texas Capital Bancshares from a "sell" rating to a "hold" rating in a report on Friday, January 31st. Finally, DA Davidson dropped their price objective on Texas Capital Bancshares from $90.00 to $87.00 and set a "neutral" rating for the company in a report on Friday, January 24th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $80.43.

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Insider Buying and Selling

In other Texas Capital Bancshares news, Director Robert W. Stallings bought 2,006 shares of the stock in a transaction dated Monday, January 27th. The stock was bought at an average cost 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. The trade was a 1.11 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders have bought 29,402 shares of company stock valued at $653,787 in the last quarter. Company insiders own 1.72% of the company's stock.

Texas Capital Bancshares Stock Down 3.2 %

Shares of TCBI stock traded down $2.12 during trading hours on Friday, reaching $64.50. The company had a trading volume of 864,381 shares, compared to its average volume of 430,161. The stock's fifty day simple moving average is $77.21 and its 200 day simple moving average is $78.67. The company has a market capitalization of $2.98 billion, a P/E ratio of 50.39, a price-to-earnings-growth ratio of 0.75 and a beta of 1.13. 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, Inc. has a twelve month low of $54.68 and a twelve month high of $91.80.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last issued its quarterly earnings data on Thursday, January 23rd. The bank reported $1.43 earnings per share (EPS) 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%. As a group, sell-side analysts expect that Texas Capital Bancshares, Inc. will post 5.84 earnings per share for the current fiscal year.

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.