Dimensional Fund Advisors LP Sells 99,449 Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Dimensional Fund Advisors LP decreased its position in Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) by 3.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,141,503 shares of the bank's stock after selling 99,449 shares during the period. Dimensional Fund Advisors LP owned 6.80% of Texas Capital Bancshares worth $245,665,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of TCBI. Barclays PLC boosted its holdings in shares of Texas Capital Bancshares by 19.6% in the 3rd quarter. Barclays PLC now owns 108,950 shares of the bank's stock worth $7,786,000 after buying an additional 17,863 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in Texas Capital Bancshares in the third quarter valued at about $310,000. Cim Investment Management Inc. bought a new position in shares of Texas Capital Bancshares during the 3rd quarter valued at approximately $212,000. Moody National Bank Trust Division increased its stake in shares of Texas Capital Bancshares by 9.5% during the 4th quarter. Moody National Bank Trust Division now owns 17,371 shares of the bank's stock worth $1,358,000 after purchasing an additional 1,508 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its position in Texas Capital Bancshares by 5.3% in the fourth quarter. Nisa Investment Advisors LLC now owns 8,948 shares of the bank's stock worth $700,000 after buying an additional 450 shares during the last quarter. Institutional investors own 96.88% of the company's stock.

Texas Capital Bancshares Trading Up 1.5 %

Texas Capital Bancshares stock traded up $1.02 during mid-day trading on Thursday, hitting $68.21. The company's stock had a trading volume of 464,740 shares, compared to its average volume of 446,202. The business has a 50 day moving average price of $72.04 and a 200-day moving average price of $77.88. 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 12 month low of $56.24 and a 12 month high of $91.80. The stock has a market cap of $3.15 billion, a price-to-earnings ratio of 53.29, a price-to-earnings-growth ratio of 0.75 and a beta of 0.74.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last released its earnings results on Thursday, April 17th. The bank reported $0.92 earnings per share for the quarter, missing analysts' consensus estimates of $0.99 by ($0.07). The company had revenue of $280.48 million during the quarter, compared to the consensus estimate of $284.40 million. Texas Capital Bancshares had a net margin of 3.99% and a return on equity of 9.14%. As a group, analysts forecast that Texas Capital Bancshares, Inc. will post 5.84 EPS for the current year.

Analysts Set New Price Targets

TCBI has been the subject of several analyst reports. Keefe, Bruyette & Woods cut their target price on Texas Capital Bancshares from $92.00 to $86.00 and set an "outperform" rating for the company in a research note on Monday. Stephens decreased their target price on shares of Texas Capital Bancshares from $95.00 to $90.00 and set an "overweight" rating on the stock in a report on Monday. Piper Sandler cut their price target on shares of Texas Capital Bancshares from $84.00 to $74.00 and set a "neutral" rating for the company in a report on Monday. Raymond James lowered their price target on Texas Capital Bancshares from $87.00 to $80.00 and set an "outperform" rating on the stock in a report on Monday. Finally, DA Davidson lowered their target price on shares of Texas Capital Bancshares from $81.00 to $76.00 and set a "neutral" rating on the stock in a research note on Monday. 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 has an average rating of "Hold" and a consensus target price of $76.64.

Insider Transactions at Texas Capital Bancshares

In other news, Director Robert W. Stallings purchased 7,000 shares of the company's stock in a transaction on Tuesday, March 4th. The stock was acquired at an average price of $20.43 per share, with a total value of $143,010.00. Following the transaction, the director now directly owns 49,500 shares of the company's stock, valued at approximately $1,011,285. This represents a 16.47 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last 90 days, insiders have bought 34,402 shares of company stock worth $977,102. Insiders own 1.72% of the company's stock.

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.