King Luther Capital Management Corp Reduces Stock Holdings in Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

King Luther Capital Management Corp lessened its stake in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) by 15.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 48,705 shares of the bank's stock after selling 8,736 shares during the period. King Luther Capital Management Corp owned about 0.11% of Texas Capital Bancshares worth $3,809,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Wellington Management Group LLP increased its holdings in Texas Capital Bancshares by 15.4% during the 3rd quarter. Wellington Management Group LLP now owns 1,123,221 shares of the bank's stock worth $80,265,000 after purchasing an additional 150,301 shares during the period. Fisher Asset Management LLC increased its stake in shares of Texas Capital Bancshares by 26.9% during the fourth quarter. Fisher Asset Management LLC now owns 339,716 shares of the bank's stock valued at $26,566,000 after buying an additional 72,109 shares during the period. Jane Street Group LLC raised its holdings in shares of Texas Capital Bancshares by 107.2% in the third quarter. Jane Street Group LLC now owns 132,672 shares of the bank's stock valued at $9,481,000 after acquiring an additional 68,632 shares in the last quarter. Hodges Capital Management Inc. lifted its stake in Texas Capital Bancshares by 32.5% in the fourth quarter. Hodges Capital Management Inc. now owns 252,973 shares of the bank's stock worth $19,782,000 after acquiring an additional 62,030 shares during the period. Finally, Edgestream Partners L.P. grew its holdings in Texas Capital Bancshares by 149.0% during the 4th quarter. Edgestream Partners L.P. now owns 101,798 shares of the bank's stock worth $7,961,000 after acquiring an additional 60,918 shares in the last quarter. Institutional investors own 96.88% of the company's stock.

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Texas Capital Bancshares Stock Performance

NASDAQ TCBI traded down $0.70 during trading hours on Thursday, reaching $71.46. The stock had a trading volume of 565,384 shares, compared to its average volume of 411,879. The stock has a market cap of $3.29 billion, a P/E ratio of 55.83, a price-to-earnings-growth ratio of 0.75 and a beta of 1.13. Texas Capital Bancshares, Inc. has a 52-week low of $54.68 and a 52-week high of $91.80. The stock has a fifty day moving average of $78.45 and a 200 day moving average of $77.95. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.00 and a current ratio of 1.00.

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, 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%. Sell-side analysts predict that Texas Capital Bancshares, Inc. will post 5.84 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Robert W. Stallings purchased 2,006 shares of Texas Capital Bancshares stock in a transaction that occurred on Monday, January 27th. The stock was purchased at an average price of $20.99 per share, for a total transaction of $42,105.94. Following the transaction, the director now directly owns 182,899 shares in the company, valued at approximately $3,839,050.01. This trade represents a 1.11 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. In the last quarter, insiders purchased 29,402 shares of company stock valued at $653,787. 0.99% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on TCBI shares. StockNews.com upgraded shares of Texas Capital Bancshares from a "sell" rating to a "hold" rating in a report on Friday, January 31st. Stephens lowered their target price on Texas Capital Bancshares from $102.00 to $97.00 and set an "overweight" rating for the company in a report on Tuesday, January 28th. DA Davidson cut their price target on Texas Capital Bancshares from $90.00 to $87.00 and set a "neutral" rating on the stock in a report on Friday, January 24th. Keefe, Bruyette & Woods reissued an "outperform" rating and issued a $95.00 price target (down from $100.00) on shares of Texas Capital Bancshares in a research report on Wednesday, January 29th. Finally, Hovde Group dropped their price objective on Texas Capital Bancshares from $90.00 to $84.00 and set a "market perform" rating on the stock in a research report on Friday, March 7th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $79.47.

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.