Headlands Technologies LLC Has $285,000 Stock Position in Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Headlands Technologies LLC trimmed its holdings in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) by 61.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,645 shares of the bank's stock after selling 5,881 shares during the quarter. Headlands Technologies LLC's holdings in Texas Capital Bancshares were worth $285,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of Montreal Can boosted its position in shares of Texas Capital Bancshares by 1.2% in the third 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 during the period. FMR LLC increased its stake 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 acquiring an additional 935 shares during the period. BNP Paribas Financial Markets raised its holdings 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 valued at $1,595,000 after acquiring an additional 13,074 shares in the last quarter. Captrust Financial Advisors lifted its position in shares of Texas Capital Bancshares by 3.8% in the 3rd quarter. Captrust Financial Advisors now owns 10,036 shares of the bank's stock worth $717,000 after acquiring an additional 369 shares during the period. Finally, Verition Fund Management LLC bought a new stake in shares of Texas Capital Bancshares in the 3rd quarter worth approximately $530,000. Institutional investors and hedge funds own 96.88% of the company's stock.

Analysts Set New Price Targets

TCBI has been the subject of several research reports. StockNews.com raised Texas Capital Bancshares from a "sell" rating to a "hold" rating in a research report on Friday, January 31st. Keefe, Bruyette & Woods reiterated 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. Barclays cut their price target on shares of Texas Capital Bancshares from $73.00 to $70.00 and set an "underweight" rating for the company in a research note on Tuesday. JPMorgan Chase & Co. decreased their price objective on Texas Capital Bancshares from $81.00 to $80.00 and set an "underweight" rating on the stock in a report on Friday, January 24th. Finally, Hovde Group dropped their target price on Texas Capital Bancshares from $90.00 to $84.00 and set a "market perform" rating for the company in a report on Friday, March 7th. 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's stock. According to MarketBeat.com, Texas Capital Bancshares presently has a consensus rating of "Hold" and a consensus price target of $80.36.

Insider Activity

In related news, Director Robert W. Stallings purchased 2,006 shares of the business's stock in a transaction on Monday, January 27th. The shares were purchased at an average price of $20.99 per share, with a total value of $42,105.94. Following the completion of the purchase, the director now owns 182,899 shares in the company, valued at $3,839,050.01. This represents a 1.11 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have acquired 29,402 shares of company stock worth $653,787 in the last 90 days. Corporate insiders own 1.72% of the company's stock.

Texas Capital Bancshares Trading Down 8.1 %

TCBI traded down $5.39 during trading on Thursday, reaching $60.85. 197,141 shares of the company's stock were exchanged, compared to its average volume of 434,314. The company's fifty day moving average price is $75.74 and its 200-day moving average price is $78.38. 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 capitalization of $2.81 billion, a PE ratio of 47.70, a P/E/G ratio of 0.75 and a beta of 0.74. Texas Capital Bancshares, Inc. has a fifty-two week low of $54.68 and a fifty-two week high of $91.80.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last posted its 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 return on equity of 9.14% and a net margin of 3.99%. As a group, equities analysts forecast that Texas Capital Bancshares, Inc. will post 5.84 EPS for the current 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.