Heartland Advisors Inc. Decreases Stock Position in Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Heartland Advisors Inc. cut its holdings in Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) by 0.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 589,324 shares of the bank's stock after selling 3,409 shares during the quarter. Texas Capital Bancshares comprises about 2.5% of Heartland Advisors Inc.'s investment portfolio, making the stock its biggest holding. Heartland Advisors Inc. owned 1.28% of Texas Capital Bancshares worth $46,085,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of TCBI. Picton Mahoney Asset Management bought a new stake in shares of Texas Capital Bancshares in the 4th quarter worth approximately $30,000. Assetmark Inc. bought a new position in shares of Texas Capital Bancshares in the fourth quarter valued at $32,000. Venturi Wealth Management LLC bought a new stake in shares of Texas Capital Bancshares during the 4th quarter worth $37,000. R Squared Ltd acquired a new stake in shares of Texas Capital Bancshares during the fourth quarter worth $41,000. Finally, Icon Wealth Advisors LLC acquired a new position in shares of Texas Capital Bancshares in the 3rd quarter valued at $103,000. 96.88% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Robert W. Stallings bought 7,000 shares of Texas Capital Bancshares stock in a transaction dated Tuesday, March 4th. The shares were bought at an average price of $20.43 per share, for a total transaction of $143,010.00. Following the purchase, the director now owns 49,500 shares of the company's stock, valued at approximately $1,011,285. This trade represents a 16.47 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders acquired 29,402 shares of company stock valued at $653,787 over the last quarter. Corporate insiders own 1.72% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on TCBI. DA Davidson dropped their price target on shares of Texas Capital Bancshares from $90.00 to $87.00 and set a "neutral" rating on the stock in a research note on Friday, January 24th. Hovde Group dropped 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 report on Friday, March 7th. JPMorgan Chase & Co. cut their price target on Texas Capital Bancshares from $81.00 to $80.00 and set an "underweight" rating for the company in a research note on Friday, January 24th. Stephens lowered their price target on 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. Finally, Keefe, Bruyette & Woods reaffirmed an "outperform" rating and set a $95.00 price objective (down previously from $100.00) on shares of Texas Capital Bancshares in a research report on Wednesday, January 29th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $79.47.

Texas Capital Bancshares Stock Performance

Shares of NASDAQ TCBI traded down $0.19 during mid-day trading on Tuesday, hitting $74.51. The company had a trading volume of 90,282 shares, compared to its average volume of 425,846. The business's 50-day simple moving average is $77.94 and its 200-day simple moving average is $78.80. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.00 and a quick ratio of 1.00. Texas Capital Bancshares, Inc. has a 12 month low of $54.68 and a 12 month high of $91.80. The firm has a market cap of $3.44 billion, a P/E ratio of 58.50, a PEG ratio of 0.75 and a beta of 1.13.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last issued its earnings results on Thursday, January 23rd. The bank reported $1.43 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%. As a group, analysts predict that Texas Capital Bancshares, Inc. will post 5.84 earnings per share for the current fiscal year.

Texas Capital Bancshares Company 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.