Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Shares Sold by Brandywine Global Investment Management LLC

Brandywine Global Investment Management LLC lowered its holdings in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) by 66.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 48,043 shares of the bank's stock after selling 97,280 shares during the quarter. Brandywine Global Investment Management LLC owned 0.10% of Texas Capital Bancshares worth $3,757,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on TCBI. Stephens dropped their price objective on Texas Capital Bancshares from $102.00 to $97.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 28th. Keefe, Bruyette & Woods reissued an "outperform" rating and set a $95.00 price target (down previously from $100.00) on shares of Texas Capital Bancshares in a research report on Wednesday, January 29th. Hovde Group decreased their price objective on Texas Capital Bancshares from $90.00 to $84.00 and set a "market perform" rating for the company in a report on Friday, March 7th. DA Davidson lowered their price objective on shares of 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. Finally, Barclays boosted their price objective on shares of Texas Capital Bancshares from $60.00 to $71.00 and gave the stock an "underweight" rating in a research note on Thursday, December 5th. 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's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $80.43.

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Insider Buying and Selling at Texas Capital Bancshares

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

Texas Capital Bancshares Stock Performance

Texas Capital Bancshares stock traded down $8.09 during mid-day trading on Thursday, reaching $66.62. 822,712 shares of the company traded hands, compared to its average volume of 428,385. Texas Capital Bancshares, Inc. has a fifty-two week low of $54.68 and a fifty-two week high of $91.80. The firm's fifty day moving average is $77.47 and its two-hundred day moving average is $78.72. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.00 and a quick ratio of 1.00. The company has a market capitalization of $3.07 billion, a price-to-earnings ratio of 52.05, a price-to-earnings-growth ratio of 0.75 and a beta of 1.13.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last released its earnings results 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 return on equity of 9.14% and a net margin of 3.99%. On average, equities research analysts expect that Texas Capital Bancshares, Inc. will post 5.84 earnings per share 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.