Invesco Ltd. Has $40.28 Million Stock Position in Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Invesco Ltd. cut its holdings in Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) by 12.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 515,138 shares of the bank's stock after selling 70,854 shares during the quarter. Invesco Ltd. owned about 1.11% of Texas Capital Bancshares worth $40,284,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in TCBI. Vanguard Group Inc. boosted its position in Texas Capital Bancshares by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 4,697,274 shares of the bank's stock worth $367,327,000 after purchasing an additional 20,245 shares during the period. Geode Capital Management LLC lifted its stake in shares of Texas Capital Bancshares by 1.2% in the third quarter. Geode Capital Management LLC now owns 1,145,271 shares of the bank's stock worth $81,856,000 after buying an additional 13,022 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Texas Capital Bancshares by 22.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 744,833 shares of the bank's stock worth $58,246,000 after buying an additional 138,734 shares during the last quarter. William Blair Investment Management LLC boosted its holdings in shares of Texas Capital Bancshares by 2.5% during the 4th quarter. William Blair Investment Management LLC now owns 627,890 shares of the bank's stock worth $49,101,000 after buying an additional 15,320 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in Texas Capital Bancshares by 0.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 572,539 shares of the bank's stock valued at $44,773,000 after buying an additional 1,700 shares during the last quarter. 96.88% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Barclays lowered their price target on Texas Capital Bancshares from $73.00 to $70.00 and set an "underweight" rating on the stock in a research report on Tuesday, April 8th. Hovde Group cut their price target 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. DA Davidson lowered their price objective on shares of Texas Capital Bancshares from $90.00 to $87.00 and set a "neutral" rating on the stock in a research note on Friday, January 24th. 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 note on Wednesday, January 29th. Finally, StockNews.com upgraded shares of Texas Capital Bancshares from a "sell" rating to a "hold" rating in a report on Friday, January 31st. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $80.36.

Insider Buying and Selling

In other news, Director Robert W. Stallings bought 2,006 shares of the company's stock in a transaction dated Monday, January 27th. The shares were bought at an average cost of $20.99 per share, with a total value of $42,105.94. Following the acquisition, the director now owns 182,899 shares in the company, valued at $3,839,050.01. This trade represents a 1.11 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have purchased a total of 29,402 shares of company stock worth $653,787 over the last ninety days. Company insiders own 1.72% of the company's stock.

Texas Capital Bancshares Price Performance

TCBI stock traded up $0.88 during trading on Friday, hitting $66.03. The company had a trading volume of 885,154 shares, compared to its average volume of 442,785. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.22. The company has a fifty day moving average price of $73.26 and a two-hundred day moving average price of $78.06. Texas Capital Bancshares, Inc. has a fifty-two week low of $56.24 and a fifty-two week high of $91.80. The company has a market cap of $3.05 billion, a P/E ratio of 51.59, a P/E/G ratio of 0.75 and a beta of 0.74.

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

Texas Capital Bancshares 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.