Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Shares Acquired by William Blair Investment Management LLC

William Blair Investment Management LLC lifted its stake in Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) by 2.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 627,890 shares of the bank's stock after purchasing an additional 15,320 shares during the quarter. William Blair Investment Management LLC owned about 1.36% of Texas Capital Bancshares worth $49,101,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Algert Global LLC boosted its stake in Texas Capital Bancshares by 367.3% during the third quarter. Algert Global LLC now owns 22,316 shares of the bank's stock worth $1,595,000 after buying an additional 17,540 shares during the period. Jane Street Group LLC boosted its stake in shares of Texas Capital Bancshares by 107.2% during the 3rd quarter. Jane Street Group LLC now owns 132,672 shares of the bank's stock worth $9,481,000 after purchasing an additional 68,632 shares during the period. LMR Partners LLP bought a new position in Texas Capital Bancshares during the 3rd quarter valued at about $740,000. US Bancorp DE grew its holdings in Texas Capital Bancshares by 1,575.0% during the 4th quarter. US Bancorp DE now owns 10,519 shares of the bank's stock valued at $823,000 after purchasing an additional 9,891 shares during the last quarter. Finally, Victory Capital Management Inc. raised its position in Texas Capital Bancshares by 37.5% in the 4th quarter. Victory Capital Management Inc. now owns 96,397 shares of the bank's stock worth $7,538,000 after purchasing an additional 26,294 shares during the period. Institutional investors own 96.88% of the company's stock.

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Insider Buying and Selling at Texas Capital Bancshares

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

Texas Capital Bancshares Stock Up 0.4 %

Shares of NASDAQ TCBI traded up $0.27 during trading hours on Friday, hitting $75.88. 757,708 shares of the stock were exchanged, compared to its average volume of 411,212. Texas Capital Bancshares, Inc. has a 12 month low of $54.68 and a 12 month high of $91.80. The firm has a fifty day moving average price of $78.20 and a 200-day moving average price of $78.21. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.22. The company has a market cap of $3.50 billion, a PE ratio of 59.28, a PEG ratio of 0.75 and a beta of 1.13.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last issued its quarterly earnings data on Thursday, January 23rd. The bank reported $1.43 EPS for the quarter, beating the consensus estimate 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, sell-side analysts expect that Texas Capital Bancshares, Inc. will post 5.84 EPS for the current year.

Wall Street Analyst Weigh In

TCBI has been the topic of a number of analyst reports. JPMorgan Chase & Co. cut their target price on 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 reduced their target price on Texas Capital Bancshares from $90.00 to $84.00 and set a "market perform" rating on the stock in a research note on Friday, March 7th. Stephens lowered 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 note on Tuesday, January 28th. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and issued a $95.00 price target (down previously from $100.00) on shares of Texas Capital Bancshares in a research note on Wednesday, January 29th. Finally, DA Davidson lowered their price objective 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. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Texas Capital Bancshares currently has a consensus rating of "Hold" and an average price target of $79.47.

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.