Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Shares Acquired by Sei Investments Co.

Sei Investments Co. increased its position in Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) by 7.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 74,367 shares of the bank's stock after acquiring an additional 5,442 shares during the period. Sei Investments Co. owned approximately 0.16% of Texas Capital Bancshares worth $5,815,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of TCBI. Charles Schwab Investment Management Inc. increased its position in shares of Texas Capital Bancshares by 1.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 570,839 shares of the bank's stock valued at $40,792,000 after buying an additional 10,171 shares in the last quarter. Bank of Montreal Can raised its position in Texas Capital Bancshares by 1.2% during the third quarter. Bank of Montreal Can now owns 30,900 shares of the bank's stock worth $2,178,000 after acquiring an additional 373 shares during the last quarter. FMR LLC raised its position in Texas Capital Bancshares by 28.9% during the third quarter. FMR LLC now owns 4,167 shares of the bank's stock worth $298,000 after acquiring an additional 935 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Texas Capital Bancshares by 141.4% in the third quarter. BNP Paribas Financial Markets now owns 22,321 shares of the bank's stock valued at $1,595,000 after purchasing an additional 13,074 shares in the last quarter. Finally, Captrust Financial Advisors grew its position in shares of Texas Capital Bancshares by 3.8% in the third quarter. Captrust Financial Advisors now owns 10,036 shares of the bank's stock valued at $717,000 after purchasing an additional 369 shares during the last quarter. 96.88% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TCBI has been the topic of a number of recent research reports. StockNews.com raised Texas Capital Bancshares from a "sell" rating to a "hold" rating in a research note on Friday, January 31st. JPMorgan Chase & Co. reduced their price objective on Texas Capital Bancshares from $81.00 to $80.00 and set an "underweight" rating on the stock in a research report on Friday, January 24th. DA Davidson dropped their price objective on 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 restated an "outperform" rating and issued a $95.00 target price (down from $100.00) on shares of Texas Capital Bancshares in a report on Wednesday, January 29th. Finally, Stephens decreased their price target on shares of Texas Capital Bancshares from $102.00 to $97.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 28th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $80.43.

Texas Capital Bancshares Stock Down 3.2 %

Texas Capital Bancshares stock traded down $2.12 during trading on Friday, reaching $64.50. 864,381 shares of the company's stock were exchanged, compared to its average volume of 429,433. Texas Capital Bancshares, Inc. has a 52-week low of $54.68 and a 52-week high of $91.80. The firm has a market cap of $2.98 billion, a price-to-earnings ratio of 50.39, a PEG ratio of 0.75 and a beta of 0.74. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.00 and a current 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 posted its earnings results 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, analysts predict that Texas Capital Bancshares, Inc. will post 5.84 earnings per share for the current year.

Insider Activity

In other Texas Capital Bancshares news, Director Robert W. Stallings purchased 7,000 shares of the business's stock in a transaction that occurred on Tuesday, March 4th. The shares were acquired at an average price of $20.43 per share, for a total transaction of $143,010.00. Following the completion of the purchase, the director now owns 49,500 shares in the company, valued at $1,011,285. The trade was a 16.47 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last three months, insiders bought 29,402 shares of company stock worth $653,787. 1.72% of the stock is currently owned by company insiders.

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.