9,400 Shares in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Purchased by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS bought a new stake in Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 9,400 shares of the bank's stock, valued at approximately $735,000.

Several other institutional investors also recently bought and sold shares of the stock. Sei Investments Co. raised its position in Texas Capital Bancshares by 7.9% during the 4th quarter. Sei Investments Co. now owns 74,367 shares of the bank's stock valued at $5,815,000 after purchasing an additional 5,442 shares during the last quarter. Quantbot Technologies LP grew its holdings in shares of Texas Capital Bancshares by 3,939.3% during the fourth quarter. Quantbot Technologies LP now owns 41,686 shares of the bank's stock valued at $3,260,000 after buying an additional 40,654 shares during the last quarter. Xponance Inc. raised its stake in Texas Capital Bancshares by 4.8% during the 4th quarter. Xponance Inc. now owns 6,569 shares of the bank's stock valued at $514,000 after buying an additional 300 shares during the last quarter. William Blair Investment Management LLC lifted 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 valued at $49,101,000 after buying an additional 15,320 shares during the period. Finally, Cibc World Markets Corp purchased a new position in shares of Texas Capital Bancshares in the 4th quarter worth $339,000. 96.88% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. StockNews.com raised Texas Capital Bancshares from a "sell" rating to a "hold" rating in a report on Friday, January 31st. JPMorgan Chase & Co. decreased their target price on shares of Texas Capital Bancshares from $81.00 to $80.00 and set an "underweight" rating on the stock in a research note on Friday, January 24th. Hovde Group lowered 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. Stephens cut their target price on Texas Capital Bancshares from $102.00 to $97.00 and set an "overweight" rating for the company in a research report on Tuesday, January 28th. Finally, DA Davidson dropped their price target on Texas Capital Bancshares from $90.00 to $87.00 and set a "neutral" rating for the company in a research note on Friday, January 24th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, Texas Capital Bancshares presently has an average rating of "Hold" and a consensus price target of $80.43.

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Insider Buying and Selling

In other news, Director Robert W. Stallings purchased 2,006 shares of the business's stock in a transaction that occurred on Monday, January 27th. The shares were bought at an average cost of $20.99 per share, for a total transaction of $42,105.94. Following the acquisition, the director now owns 182,899 shares of the company's stock, valued at approximately $3,839,050.01. This trade represents a 1.11 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders purchased a total of 29,402 shares of company stock worth $653,787 over the last three months. 1.72% of the stock is owned by insiders.

Texas Capital Bancshares Price Performance

Shares of NASDAQ TCBI traded down $2.12 during mid-day trading on Friday, hitting $64.50. 864,381 shares of the company's stock traded hands, compared to its average volume of 429,433. The company has a market capitalization of $2.98 billion, a P/E ratio of 50.39, a PEG ratio of 0.75 and a beta of 0.74. Texas Capital Bancshares, Inc. has a 1 year low of $54.68 and a 1 year high of $91.80. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.00 and a quick ratio of 1.00. The company's 50-day moving average is $77.21 and its two-hundred day moving average is $78.77.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last issued its quarterly earnings data on Thursday, January 23rd. The bank reported $1.43 earnings per share (EPS) for the quarter, beating 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%. On average, equities analysts anticipate that Texas Capital Bancshares, Inc. will post 5.84 EPS 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.