American Century Companies Inc. Sells 34,715 Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

American Century Companies Inc. reduced its stake in Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) by 5.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 581,063 shares of the bank's stock after selling 34,715 shares during the period. American Century Companies Inc. owned approximately 1.26% of Texas Capital Bancshares worth $45,439,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its holdings in shares of Texas Capital Bancshares by 1.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 570,839 shares of the bank's stock worth $40,792,000 after purchasing an additional 10,171 shares during the last quarter. Algert Global LLC increased its stake in Texas Capital Bancshares by 367.3% in the 3rd quarter. Algert Global LLC now owns 22,316 shares of the bank's stock worth $1,595,000 after acquiring an additional 17,540 shares during the last quarter. Fisher Asset Management LLC raised its holdings in shares of Texas Capital Bancshares by 12.8% during the 3rd quarter. Fisher Asset Management LLC now owns 267,607 shares of the bank's stock worth $19,123,000 after acquiring an additional 30,395 shares in the last quarter. Bank of Montreal Can boosted its position in shares of Texas Capital Bancshares by 1.2% during the 3rd quarter. Bank of Montreal Can now owns 30,900 shares of the bank's stock valued at $2,178,000 after acquiring an additional 373 shares during the last quarter. Finally, FMR LLC boosted its position in shares of Texas Capital Bancshares by 28.9% during the 3rd quarter. FMR LLC now owns 4,167 shares of the bank's stock valued at $298,000 after acquiring an additional 935 shares during the last quarter. Hedge funds and other institutional investors own 96.88% of the company's stock.

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Texas Capital Bancshares Trading Down 0.5 %

Shares of TCBI traded down $0.34 during trading hours on Tuesday, reaching $74.36. 351,013 shares of the company traded hands, compared to its average volume of 426,451. The stock's fifty day moving average price is $77.80 and its 200 day moving average price is $78.83. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.22. The firm has a market cap of $3.43 billion, a price-to-earnings ratio of 58.09, a PEG ratio of 0.75 and a beta of 1.13. Texas Capital Bancshares, Inc. has a 12-month low of $54.68 and a 12-month high of $91.80.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last released 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%. Sell-side analysts forecast that Texas Capital Bancshares, Inc. will post 5.84 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. StockNews.com raised shares of Texas Capital Bancshares from a "sell" rating to a "hold" rating in a research note on Friday, January 31st. 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. 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 research report on Wednesday, January 29th. JPMorgan Chase & Co. decreased their price objective 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. Finally, Barclays lifted their target price on Texas Capital Bancshares from $60.00 to $71.00 and gave the stock an "underweight" rating in a report on Thursday, December 5th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Texas Capital Bancshares presently has a consensus rating of "Hold" and an average target price of $79.47.

Insider Activity at Texas Capital Bancshares

In other news, Director Robert W. Stallings acquired 2,006 shares of the firm's stock in a transaction that occurred on Monday, January 27th. The stock was purchased at an average cost of $20.99 per share, for a total transaction of $42,105.94. Following the completion of the acquisition, the director now directly owns 182,899 shares of the company's stock, valued at $3,839,050.01. The trade was a 1.11 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last quarter, insiders bought 29,402 shares of company stock worth $653,787. Company insiders own 1.72% of the company's stock.

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.