Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Shares Acquired by Barclays PLC

Barclays PLC boosted its holdings in Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) by 19.6% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 108,950 shares of the bank's stock after purchasing an additional 17,863 shares during the quarter. Barclays PLC owned about 0.24% of Texas Capital Bancshares worth $7,786,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Wellington Management Group LLP grew its position in Texas Capital Bancshares by 15.4% during the 3rd quarter. Wellington Management Group LLP now owns 1,123,221 shares of the bank's stock valued at $80,265,000 after purchasing an additional 150,301 shares during the last quarter. AQR Capital Management LLC boosted its stake in Texas Capital Bancshares by 87.0% in the 2nd quarter. AQR Capital Management LLC now owns 1,087,715 shares of the bank's stock worth $65,219,000 after purchasing an additional 506,094 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Texas Capital Bancshares by 1.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 570,839 shares of the bank's stock valued at $40,792,000 after buying an additional 10,171 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Texas Capital Bancshares by 43.8% in the second quarter. American Century Companies Inc. now owns 562,507 shares of the bank's stock worth $34,392,000 after buying an additional 171,263 shares in the last quarter. Finally, Segall Bryant & Hamill LLC lifted its holdings in shares of Texas Capital Bancshares by 12.6% in the third quarter. Segall Bryant & Hamill LLC now owns 467,001 shares of the bank's stock worth $33,372,000 after buying an additional 52,095 shares in the last quarter. Institutional investors own 96.88% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on TCBI shares. Hovde Group increased their price objective on shares of Texas Capital Bancshares from $73.00 to $79.00 and gave the company a "market perform" rating in a report on Friday, October 18th. Bank of America upgraded shares of Texas Capital Bancshares from an "underperform" rating to a "buy" rating and increased their price objective for the company from $51.00 to $77.00 in a research report on Monday, September 9th. Piper Sandler downgraded shares of Texas Capital Bancshares from an "overweight" rating to a "neutral" rating and boosted their target price for the stock from $77.00 to $82.00 in a report on Friday, October 18th. Barclays increased their price target 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. Finally, StockNews.com raised Texas Capital Bancshares from a "sell" rating to a "hold" rating in a research note on Wednesday, November 6th. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $74.69.

Texas Capital Bancshares Trading Down 5.4 %

TCBI stock traded down $4.45 during mid-day trading on Wednesday, reaching $77.90. The company had a trading volume of 704,127 shares, compared to its average volume of 427,364. The company has a market capitalization of $3.60 billion, a PE ratio of 432.78, a price-to-earnings-growth ratio of 0.80 and a beta of 1.14. The firm has a 50 day moving average of $82.95 and a 200 day moving average of $70.84. Texas Capital Bancshares, Inc. has a 12 month low of $54.68 and a 12 month high of $91.80. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.01 and a quick ratio of 1.01.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last issued its earnings results on Thursday, October 17th. The bank reported $1.62 earnings per share for the quarter, beating analysts' consensus estimates of $0.97 by $0.65. The business had revenue of $304.91 million during the quarter, compared to analyst estimates of $279.64 million. Texas Capital Bancshares had a return on equity of 8.06% and a net margin of 1.40%. On average, equities analysts predict that Texas Capital Bancshares, Inc. will post 4.15 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Robert W. Stallings acquired 20,000 shares of the firm's stock in a transaction that occurred on Tuesday, October 22nd. The stock was purchased at an average cost of $21.28 per share, for a total transaction of $425,600.00. Following the purchase, the director now directly owns 84,587 shares of the company's stock, valued at $1,800,011.36. This trade represents a 30.97 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. 1.53% of the stock is owned by insiders.

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.