Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Shares Sold by Bank of Montreal Can

Bank of Montreal Can cut its stake in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) by 75.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,498 shares of the bank's stock after selling 23,402 shares during the period. Bank of Montreal Can's holdings in Texas Capital Bancshares were worth $586,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in TCBI. Picton Mahoney Asset Management bought a new stake in shares of Texas Capital Bancshares during the 4th quarter valued at approximately $30,000. Assetmark Inc. bought a new stake in shares of Texas Capital Bancshares during the fourth quarter worth $32,000. Venturi Wealth Management LLC acquired a new position in shares of Texas Capital Bancshares during the fourth quarter worth $37,000. R Squared Ltd bought a new position in shares of Texas Capital Bancshares in the 4th quarter valued at $41,000. Finally, Aster Capital Management DIFC Ltd acquired a new stake in shares of Texas Capital Bancshares during the 4th quarter valued at $115,000. Institutional investors own 96.88% of the company's stock.

Texas Capital Bancshares Price Performance

Shares of TCBI traded up $0.99 during mid-day trading on Thursday, hitting $68.18. 275,427 shares of the stock were exchanged, compared to its average volume of 445,005. The company has a market cap of $3.14 billion, a PE ratio of 53.27, a price-to-earnings-growth ratio of 0.75 and a beta of 0.74. The firm has a 50-day moving average of $72.29 and a two-hundred day moving average of $77.90. 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 52-week low of $56.24 and a 52-week high of $91.80.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last issued its quarterly earnings results on Thursday, April 17th. The bank reported $0.92 earnings per share for the quarter, missing the consensus estimate of $0.99 by ($0.07). Texas Capital Bancshares had a return on equity of 9.14% and a net margin of 3.99%. The business had revenue of $280.48 million during the quarter, compared to analysts' expectations of $284.40 million. On average, equities analysts predict that Texas Capital Bancshares, Inc. will post 5.84 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently weighed in on TCBI shares. StockNews.com upgraded Texas Capital Bancshares from a "sell" rating to a "hold" rating in a report on Friday, January 31st. Keefe, Bruyette & Woods decreased their price target on Texas Capital Bancshares from $92.00 to $86.00 and set an "outperform" rating for the company in a research note on Monday. Raymond James cut their price objective on Texas Capital Bancshares from $87.00 to $80.00 and set an "outperform" rating on the stock in a research note on Monday. JPMorgan Chase & Co. decreased their target price on shares of Texas Capital Bancshares from $78.00 to $70.00 and set an "underweight" rating for the company in a research report on Monday. Finally, DA Davidson dropped their price target on shares of Texas Capital Bancshares from $81.00 to $76.00 and set a "neutral" rating on the stock in a research report on Monday. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $76.64.

Insiders Place Their Bets

In other Texas Capital Bancshares news, Director Robert W. Stallings bought 4,500 shares of Texas Capital Bancshares stock in a transaction that occurred on Monday, April 21st. The shares were bought at an average cost of $64.27 per share, with a total value of $289,215.00. Following the transaction, the director now directly owns 288,131 shares of the company's stock, valued at approximately $18,518,179.37. This represents a 1.59 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders purchased a total of 33,902 shares of company stock worth $943,002 over the last 90 days. Company insiders own 1.72% of the company's stock.

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.