Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Shares Sold by Corebridge Financial Inc.

Corebridge Financial Inc. trimmed its holdings in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) by 5.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 75,023 shares of the bank's stock after selling 4,058 shares during the quarter. Corebridge Financial Inc. owned approximately 0.16% of Texas Capital Bancshares worth $5,867,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Picton Mahoney Asset Management acquired a new stake in shares of Texas Capital Bancshares in the fourth quarter valued at about $30,000. Assetmark Inc. acquired a new position in shares of Texas Capital Bancshares during the fourth quarter valued at approximately $32,000. Venturi Wealth Management LLC acquired a new position in shares of Texas Capital Bancshares during the fourth quarter valued at approximately $37,000. R Squared Ltd purchased a new position in shares of Texas Capital Bancshares in the fourth quarter valued at approximately $41,000. Finally, Icon Wealth Advisors LLC acquired a new stake in shares of Texas Capital Bancshares in the third quarter worth approximately $103,000. Institutional investors and hedge funds own 96.88% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Barclays lifted their target price 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. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and set a $95.00 price objective (down previously from $100.00) on shares of Texas Capital Bancshares in a research note on Wednesday, January 29th. Hovde Group decreased their target price on shares of Texas Capital Bancshares from $90.00 to $84.00 and set a "market perform" rating on the stock in a research note on Friday, March 7th. DA Davidson cut their price target on Texas Capital Bancshares from $90.00 to $87.00 and set a "neutral" rating for the company in a report on Friday, January 24th. Finally, StockNews.com raised Texas Capital Bancshares from a "sell" rating to a "hold" rating in a research note on Friday, January 31st. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $80.43.

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Texas Capital Bancshares Trading Down 10.8 %

Shares of Texas Capital Bancshares stock traded down $8.09 on Thursday, reaching $66.62. The company had a trading volume of 822,712 shares, compared to its average volume of 428,386. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.00 and a current ratio of 1.00. The firm has a market cap of $3.07 billion, a PE ratio of 52.05, a PEG ratio of 0.75 and a beta of 1.13. The firm's 50 day moving average price is $77.47 and its two-hundred day moving average price is $78.72. Texas Capital Bancshares, Inc. has a 52-week low of $54.68 and a 52-week high of $91.80.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last released its quarterly earnings results on Thursday, January 23rd. The bank reported $1.43 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%. Sell-side analysts predict that Texas Capital Bancshares, Inc. will post 5.84 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Texas Capital Bancshares news, Director Robert W. Stallings purchased 5,670 shares of the firm's stock in a transaction on Friday, January 24th. The stock was bought at an average price of $27.60 per share, with a total value of $156,492.00. Following the transaction, the director now directly owns 180,893 shares of the company's stock, valued at approximately $4,992,646.80. This represents a 3.24 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last 90 days, insiders have bought 29,402 shares of company stock valued at $653,787. Corporate insiders own 1.72% of the company's stock.

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.