Barrow Hanley Mewhinney & Strauss LLC Sells 44,201 Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Barrow Hanley Mewhinney & Strauss LLC lowered its position in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) by 3.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,189,375 shares of the bank's stock after selling 44,201 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned 2.57% of Texas Capital Bancshares worth $93,009,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Norges Bank purchased a new position in Texas Capital Bancshares in the 4th quarter worth approximately $42,050,000. Wellington Management Group LLP raised its position in shares of Texas Capital Bancshares by 15.4% during the third quarter. Wellington Management Group LLP now owns 1,123,221 shares of the bank's stock valued at $80,265,000 after buying an additional 150,301 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Texas Capital Bancshares by 75.5% in the fourth quarter. JPMorgan Chase & Co. now owns 317,292 shares of the bank's stock worth $24,812,000 after buying an additional 136,507 shares in the last quarter. Jupiter Asset Management Ltd. bought a new position in shares of Texas Capital Bancshares during the fourth quarter worth $8,080,000. Finally, Prudential Financial Inc. grew its stake in Texas Capital Bancshares by 104.5% during the fourth quarter. Prudential Financial Inc. now owns 155,135 shares of the bank's stock valued at $12,132,000 after acquiring an additional 79,290 shares in the last quarter. Hedge funds and other institutional investors own 96.88% of the company's stock.

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Analyst Ratings Changes

Several analysts have commented on TCBI shares. 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 note on Wednesday, January 29th. Hovde Group dropped their price target on Texas Capital Bancshares from $90.00 to $84.00 and set a "market perform" rating for the company in a research note on Friday, March 7th. JPMorgan Chase & Co. cut their price target on Texas Capital Bancshares from $81.00 to $80.00 and set an "underweight" rating for the company in a report on Friday, January 24th. StockNews.com raised Texas Capital Bancshares from a "sell" rating to a "hold" rating in a report on Friday, January 31st. Finally, Stephens cut 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 report on Tuesday, January 28th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $80.43.

Texas Capital Bancshares Trading Down 8.8 %

Texas Capital Bancshares stock traded down $6.56 during midday trading on Thursday, reaching $68.15. The stock had a trading volume of 203,302 shares, compared to its average volume of 425,899. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.22. The firm has a market cap of $3.14 billion, a price-to-earnings ratio of 53.24, a price-to-earnings-growth ratio of 0.75 and a beta of 1.13. Texas Capital Bancshares, Inc. has a 52-week low of $54.68 and a 52-week high of $91.80. The company has a fifty day moving average of $77.68 and a 200 day moving average of $78.80.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last announced its quarterly earnings data on Thursday, January 23rd. The bank reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.36. Texas Capital Bancshares had a return on equity of 9.14% and a net margin of 3.99%. On average, analysts anticipate that Texas Capital Bancshares, Inc. will post 5.84 earnings per share for the current fiscal year.

Insider Activity at Texas Capital Bancshares

In related news, Director Robert W. Stallings bought 7,000 shares of the stock in a transaction on Tuesday, February 4th. The stock was bought at an average price of $21.10 per share, for a total transaction of $147,700.00. Following the completion of the acquisition, the director now directly owns 202,413 shares in the company, valued at approximately $4,270,914.30. This represents a 3.58 % 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 bought 29,402 shares of company stock worth $653,787 over the last three months. 1.72% of the stock is owned by corporate insiders.

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.