Clearbridge Investments LLC Sells 6,649 Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Clearbridge Investments LLC lessened its stake in Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) by 2.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 220,793 shares of the bank's stock after selling 6,649 shares during the period. Clearbridge Investments LLC owned approximately 0.48% of Texas Capital Bancshares worth $17,266,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Picton Mahoney Asset Management purchased a new position in Texas Capital Bancshares in the fourth quarter worth $30,000. Assetmark Inc. purchased a new position in shares of Texas Capital Bancshares in the 4th quarter worth about $32,000. Venturi Wealth Management LLC purchased a new position in shares of Texas Capital Bancshares in the 4th quarter worth about $37,000. R Squared Ltd bought a new position in shares of Texas Capital Bancshares during the 4th quarter valued at about $41,000. Finally, KBC Group NV lifted its position in Texas Capital Bancshares by 64.2% in the 4th quarter. KBC Group NV now owns 2,172 shares of the bank's stock worth $170,000 after buying an additional 849 shares during the last quarter. Institutional investors own 96.88% of the company's stock.

Insider Transactions at Texas Capital Bancshares

In other Texas Capital Bancshares news, Director Robert W. Stallings bought 7,000 shares of the company's stock in a transaction dated Tuesday, March 4th. The shares were purchased at an average price of $20.43 per share, for a total transaction of $143,010.00. Following the acquisition, the director now owns 49,500 shares in the company, valued at approximately $1,011,285. This represents a 16.47 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. In the last quarter, insiders bought 29,402 shares of company stock valued at $653,787. Corporate insiders own 1.72% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Stephens reduced their price target on shares of Texas Capital Bancshares from $102.00 to $97.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 28th. StockNews.com upgraded shares of Texas Capital Bancshares from a "sell" rating to a "hold" rating in a research report on Friday, January 31st. DA Davidson cut their price target on shares of Texas Capital Bancshares from $90.00 to $87.00 and set a "neutral" rating for the company in a research report on Friday, January 24th. Keefe, Bruyette & Woods reiterated an "outperform" rating and issued a $95.00 price objective (down previously from $100.00) on shares of Texas Capital Bancshares in a report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. dropped their target price 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. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $80.43.

Texas Capital Bancshares Trading Down 2.4 %

Texas Capital Bancshares stock traded down $1.54 during mid-day trading on Monday, reaching $62.96. 901,127 shares of the company traded hands, compared to its average volume of 431,312. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.00 and a quick ratio of 1.00. Texas Capital Bancshares, Inc. has a 52-week low of $54.68 and a 52-week high of $91.80. The firm has a market capitalization of $2.90 billion, a price-to-earnings ratio of 49.19, a P/E/G ratio of 0.75 and a beta of 0.74. The firm's 50 day moving average price is $76.90 and its 200 day moving average price is $78.69.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last announced its quarterly 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 net margin of 3.99% and a return on equity of 9.14%. On average, analysts anticipate that Texas Capital Bancshares, Inc. will post 5.84 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.