Cambiar Investors LLC Trims Position in Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Cambiar Investors LLC lowered its stake in Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) by 7.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 35,533 shares of the bank's stock after selling 3,050 shares during the quarter. Cambiar Investors LLC owned approximately 0.08% of Texas Capital Bancshares worth $2,779,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Algert Global LLC increased its stake in shares of Texas Capital Bancshares by 367.3% in the third quarter. Algert Global LLC now owns 22,316 shares of the bank's stock valued at $1,595,000 after buying an additional 17,540 shares during the period. Jane Street Group LLC increased its stake in shares of Texas Capital Bancshares by 107.2% in the third quarter. Jane Street Group LLC now owns 132,672 shares of the bank's stock valued at $9,481,000 after buying an additional 68,632 shares during the period. LMR Partners LLP acquired a new position in shares of Texas Capital Bancshares in the third quarter valued at approximately $740,000. Wolverine Asset Management LLC increased its stake in shares of Texas Capital Bancshares by 23.6% in the third quarter. Wolverine Asset Management LLC now owns 41,038 shares of the bank's stock valued at $2,933,000 after buying an additional 7,849 shares during the period. Finally, Teachers Retirement System of The State of Kentucky increased its stake in shares of Texas Capital Bancshares by 19.5% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 56,606 shares of the bank's stock valued at $4,045,000 after buying an additional 9,225 shares during the period. Institutional investors own 96.88% of the company's stock.

Insider Buying and Selling at Texas Capital Bancshares

In related news, Director Robert W. Stallings acquired 2,006 shares of the company's stock in a transaction on Monday, January 27th. The shares were acquired at an average cost of $20.99 per share, for a total transaction of $42,105.94. Following the purchase, the director now owns 182,899 shares in the company, valued at approximately $3,839,050.01. The trade was a 1.11 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last three months, insiders have purchased 22,402 shares of company stock worth $510,777. Corporate insiders own 0.99% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on TCBI shares. Stephens lowered their price objective on 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. Piper Sandler downgraded shares of Texas Capital Bancshares from an "overweight" rating to a "neutral" rating and increased their target price for the company from $77.00 to $82.00 in a research report on Friday, October 18th. Royal Bank of Canada increased their target price on shares of Texas Capital Bancshares from $73.00 to $83.00 and gave the company a "sector perform" rating in a research report on Friday, October 18th. Barclays increased their target price on shares of Texas Capital Bancshares from $60.00 to $71.00 and gave the company an "underweight" rating in a research report on Thursday, December 5th. Finally, StockNews.com raised shares of Texas Capital Bancshares from a "sell" rating to a "hold" rating in a research report on Friday, January 31st. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $79.13.

Texas Capital Bancshares Stock Down 1.6 %

Shares of TCBI traded down $1.34 during trading hours on Friday, reaching $81.02. The stock had a trading volume of 336,731 shares, compared to its average volume of 482,491. Texas Capital Bancshares, Inc. has a 12 month low of $54.68 and a 12 month high of $91.80. The firm has a 50-day simple moving average of $79.67 and a 200 day simple moving average of $75.88. The company has a current ratio of 1.00, a quick ratio of 1.01 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $3.74 billion, a price-to-earnings ratio of 63.30, a P/E/G ratio of 0.78 and a beta of 1.16.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last issued its earnings results on Thursday, January 23rd. The bank reported $1.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.07 by $0.36. Texas Capital Bancshares had a return on equity of 9.14% and a net margin of 3.99%. Equities research analysts predict that Texas Capital Bancshares, Inc. will post 5.8 earnings per share for the current fiscal year.

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.