Russell Investments Group Ltd. Has $5.35 Million Stake in Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Russell Investments Group Ltd. reduced its stake in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) by 21.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 68,443 shares of the bank's stock after selling 18,952 shares during the period. Russell Investments Group Ltd. owned 0.15% of Texas Capital Bancshares worth $5,352,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in TCBI. Norges Bank purchased a new position in Texas Capital Bancshares in the fourth quarter worth approximately $42,050,000. Massachusetts Financial Services Co. MA raised its holdings in shares of Texas Capital Bancshares by 22.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 744,833 shares of the bank's stock valued at $58,246,000 after buying an additional 138,734 shares during the period. JPMorgan Chase & Co. boosted its holdings in Texas Capital Bancshares by 75.5% during the 4th quarter. JPMorgan Chase & Co. now owns 317,292 shares of the bank's stock valued at $24,812,000 after acquiring an additional 136,507 shares during the period. Jupiter Asset Management Ltd. purchased a new stake in Texas Capital Bancshares during the fourth quarter worth about $8,080,000. Finally, Prudential Financial Inc. lifted its position in shares of Texas Capital Bancshares by 104.5% during the fourth quarter. Prudential Financial Inc. now owns 155,135 shares of the bank's stock worth $12,132,000 after purchasing an additional 79,290 shares in the last quarter. 96.88% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Texas Capital Bancshares news, Director Robert W. Stallings acquired 7,000 shares of the business's stock in a transaction on Tuesday, March 4th. The stock was purchased at an average price of $20.43 per share, for a total transaction of $143,010.00. Following the transaction, the director now owns 49,500 shares in the company, valued at $1,011,285. This trade represents a 16.47 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have bought 29,402 shares of company stock worth $653,787 in the last quarter. 1.72% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have commented on TCBI. DA Davidson decreased their price target on shares of Texas Capital Bancshares from $90.00 to $87.00 and set a "neutral" rating for the company in a research report on Friday, January 24th. Keefe, Bruyette & Woods reissued an "outperform" rating and set a $95.00 price objective (down from $100.00) on shares of Texas Capital Bancshares in a research report on Wednesday, January 29th. Barclays decreased 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, April 8th. Stephens cut their target price on shares of 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, StockNews.com upgraded Texas Capital Bancshares from a "sell" rating to a "hold" rating in a research report on Friday, January 31st. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $80.36.

Texas Capital Bancshares Stock Up 1.4 %

NASDAQ TCBI traded up $0.88 during trading on Friday, reaching $66.03. 885,154 shares of the company's stock were exchanged, compared to its average volume of 444,733. The company's fifty day simple moving average is $73.61 and its 200-day simple moving average is $78.04. 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 firm has a market capitalization of $3.05 billion, a PE ratio of 51.59, 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 announced its quarterly earnings results on Thursday, April 17th. The bank reported $0.92 earnings per share (EPS) for the quarter, missing the consensus estimate 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 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 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.