Clearbridge Investments LLC Has $17.27 Million Stake in Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Clearbridge Investments LLC reduced its stake in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) by 2.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 220,793 shares of the bank's stock after selling 6,649 shares during the quarter. Clearbridge Investments LLC owned approximately 0.48% of Texas Capital Bancshares worth $17,266,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TCBI. Bank of Montreal Can grew its holdings in shares of Texas Capital Bancshares by 1.2% during the 3rd quarter. Bank of Montreal Can now owns 30,900 shares of the bank's stock valued at $2,178,000 after acquiring an additional 373 shares in the last quarter. FMR LLC boosted its position in Texas Capital Bancshares by 28.9% during the third quarter. FMR LLC now owns 4,167 shares of the bank's stock valued at $298,000 after purchasing an additional 935 shares during the last quarter. BNP Paribas Financial Markets increased its position in Texas Capital Bancshares by 141.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 22,321 shares of the bank's stock worth $1,595,000 after purchasing an additional 13,074 shares during the last quarter. Captrust Financial Advisors raised its stake in shares of Texas Capital Bancshares by 3.8% during the 3rd quarter. Captrust Financial Advisors now owns 10,036 shares of the bank's stock worth $717,000 after purchasing an additional 369 shares in the last quarter. Finally, Verition Fund Management LLC purchased a new stake in shares of Texas Capital Bancshares during the 3rd quarter worth about $530,000. 96.88% of the stock is owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

A number of equities analysts recently commented on TCBI shares. DA Davidson dropped their price objective on Texas Capital Bancshares from $90.00 to $87.00 and set a "neutral" rating on the stock in a report on Friday, January 24th. StockNews.com upgraded shares of Texas Capital Bancshares from a "sell" rating to a "hold" rating in a research note on Friday, January 31st. Hovde Group reduced their price objective on shares of 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. Keefe, Bruyette & Woods reissued an "outperform" rating and set a $95.00 target price (down from $100.00) on shares of Texas Capital Bancshares in a research report on Wednesday, January 29th. Finally, Barclays raised their target price on Texas Capital Bancshares from $60.00 to $71.00 and gave the company an "underweight" rating in a report on Thursday, December 5th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $80.43.

Insider Activity at Texas Capital Bancshares

In other Texas Capital Bancshares news, Director Robert W. Stallings purchased 5,670 shares of the stock in a transaction on Friday, January 24th. The shares were purchased at an average price of $27.60 per share, with a total value of $156,492.00. Following the acquisition, the director now directly owns 180,893 shares of the company's stock, valued at $4,992,646.80. This represents a 3.24 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders have bought 29,402 shares of company stock worth $653,787 over the last three months. Company insiders own 1.72% of the company's stock.

Texas Capital Bancshares Stock Performance

Shares of TCBI traded down $2.12 during mid-day trading on Friday, hitting $64.50. The company's stock had a trading volume of 864,381 shares, compared to its average volume of 430,161. Texas Capital Bancshares, Inc. has a one year low of $54.68 and a one year high of $91.80. The stock's 50-day moving average is $77.21 and its two-hundred day moving average is $78.67. The firm has a market capitalization of $2.98 billion, a PE ratio of 50.39, a price-to-earnings-growth ratio of 0.75 and a beta of 1.13. 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 (NASDAQ:TCBI - Get Free Report) last posted its quarterly earnings results 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 net margin of 3.99% and a return on equity of 9.14%. As a group, sell-side analysts anticipate that Texas Capital Bancshares, Inc. will post 5.84 EPS for the current 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.