Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Shares Purchased by MetLife Investment Management LLC

MetLife Investment Management LLC raised its position in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) by 8.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 53,326 shares of the bank's stock after purchasing an additional 3,934 shares during the quarter. MetLife Investment Management LLC owned 0.12% of Texas Capital Bancshares worth $4,170,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Picton Mahoney Asset Management purchased a new stake in shares of Texas Capital Bancshares during the 4th quarter worth approximately $30,000. Assetmark Inc. purchased a new position in shares of Texas Capital Bancshares in the 4th quarter worth $32,000. Venturi Wealth Management LLC bought a new stake in shares of Texas Capital Bancshares in the 4th quarter worth about $37,000. R Squared Ltd bought a new position in shares of Texas Capital Bancshares in the 4th quarter valued at about $41,000. Finally, Aster Capital Management DIFC Ltd purchased a new position in Texas Capital Bancshares in the fourth quarter worth about $115,000. 96.88% of the stock is owned by hedge funds and other institutional investors.

Texas Capital Bancshares Stock Performance

Shares of NASDAQ:TCBI traded up $0.65 during trading on Monday, hitting $68.54. 457,187 shares of the stock traded hands, compared to its average volume of 446,781. The company has a fifty day moving average price of $71.48 and a two-hundred day moving average price of $77.84. Texas Capital Bancshares, Inc. has a 52-week low of $56.24 and a 52-week high of $91.80. The company has a market cap of $3.15 billion, a price-to-earnings ratio of 53.55, a P/E/G ratio of 0.75 and a beta of 0.74. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.22.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $280.48 million during 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%. As a group, equities analysts predict that Texas Capital Bancshares, Inc. will post 5.84 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on TCBI. Keefe, Bruyette & Woods lowered their price target on Texas Capital Bancshares from $92.00 to $86.00 and set an "outperform" rating for the company in a research report on Monday, April 21st. Raymond James reduced their price objective on shares of Texas Capital Bancshares from $87.00 to $80.00 and set an "outperform" rating on the stock in a research report on Monday, April 21st. Barclays decreased their price target on Texas Capital Bancshares from $73.00 to $70.00 and set an "underweight" rating for the company in a research note on Tuesday, April 8th. Hovde Group decreased their target price on Texas Capital Bancshares from $84.00 to $75.00 and set a "market perform" rating for the company in a research report on Monday, April 21st. Finally, Piper Sandler dropped their price objective on Texas Capital Bancshares from $84.00 to $74.00 and set a "neutral" rating on the stock in a research note on Monday, April 21st. 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, Texas Capital Bancshares currently has a consensus rating of "Hold" and an average target price of $76.64.

Insider Activity at Texas Capital Bancshares

In other Texas Capital Bancshares news, Director Robert W. Stallings bought 7,000 shares of the stock in a transaction on Thursday, February 6th. The shares were bought at an average price of $21.32 per share, with a total value of $149,240.00. Following the purchase, the director now directly owns 215,413 shares in the company, valued at $4,592,605.16. This trade represents a 3.36 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last quarter, insiders have purchased 26,726 shares of company stock valued at $778,504. 1.72% of the stock is owned by company insiders.

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.