Arrowstreet Capital Limited Partnership Sells 16,675 Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Arrowstreet Capital Limited Partnership reduced its holdings in Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) by 8.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 187,489 shares of the bank's stock after selling 16,675 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 0.41% of Texas Capital Bancshares worth $14,662,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Picton Mahoney Asset Management bought a new stake in shares of Texas Capital Bancshares during the 4th quarter valued at $30,000. Assetmark Inc. acquired a new stake in shares of Texas Capital Bancshares during the fourth quarter worth $32,000. Venturi Wealth Management LLC bought a new stake in Texas Capital Bancshares in the fourth quarter valued at about $37,000. R Squared Ltd acquired a new position in Texas Capital Bancshares in the fourth quarter valued at about $41,000. Finally, KBC Group NV lifted its stake in Texas Capital Bancshares by 64.2% in the fourth quarter. KBC Group NV now owns 2,172 shares of the bank's stock valued at $170,000 after buying an additional 849 shares during the period. 96.88% of the stock is owned by institutional investors.

Insider Buying and Selling at Texas Capital Bancshares

In related news, Director Robert W. Stallings purchased 2,006 shares of the firm's stock in a transaction 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 purchase, the director now directly owns 182,899 shares in the company, valued at $3,839,050.01. This trade represents a 1.11 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last three months, insiders have acquired 29,402 shares of company stock worth $653,787. Insiders own 1.72% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. DA Davidson lowered their price target on Texas Capital Bancshares from $90.00 to $87.00 and set a "neutral" rating for the company in a research note on Friday, January 24th. Stephens lowered their target price on shares of Texas Capital Bancshares from $102.00 to $97.00 and set an "overweight" rating for the company in a research note on Tuesday, January 28th. Hovde Group reduced their price target 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 reissued 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. Finally, StockNews.com raised Texas Capital Bancshares from a "sell" rating to a "hold" rating in a research note on Friday, January 31st. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $80.36.

Texas Capital Bancshares Stock Up 6.7 %

Texas Capital Bancshares stock traded up $4.17 during midday trading on Wednesday, reaching $66.24. The stock had a trading volume of 1,070,040 shares, compared to its average volume of 435,200. The stock has a market capitalization of $3.06 billion, a P/E ratio of 51.75, a price-to-earnings-growth ratio of 0.75 and a beta of 0.74. The firm's fifty day simple moving average is $75.74 and its 200-day simple moving average is $78.38. 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 1-year low of $54.68 and a 1-year high of $91.80.

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

Texas Capital Bancshares Company 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.