Mesirow Institutional Investment Management Inc. Has $14.57 Million Stock Holdings in Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Mesirow Institutional Investment Management Inc. cut its stake in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) by 15.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 186,346 shares of the bank's stock after selling 33,457 shares during the period. Mesirow Institutional Investment Management Inc. owned 0.40% of Texas Capital Bancshares worth $14,572,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. US Bancorp DE boosted its position in shares of Texas Capital Bancshares by 1,575.0% in the fourth quarter. US Bancorp DE now owns 10,519 shares of the bank's stock valued at $823,000 after acquiring an additional 9,891 shares during the period. Victory Capital Management Inc. increased its stake in shares of Texas Capital Bancshares by 37.5% in the 4th quarter. Victory Capital Management Inc. now owns 96,397 shares of the bank's stock valued at $7,538,000 after purchasing an additional 26,294 shares during the last quarter. Barclays PLC increased its stake in shares of Texas Capital Bancshares by 19.6% in the 3rd quarter. Barclays PLC now owns 108,950 shares of the bank's stock valued at $7,786,000 after purchasing an additional 17,863 shares during the last quarter. Martingale Asset Management L P acquired a new position in shares of Texas Capital Bancshares during the 4th quarter worth $1,329,000. Finally, Proficio Capital Partners LLC acquired a new stake in Texas Capital Bancshares in the fourth quarter valued at about $1,688,000. 96.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have commented on TCBI. DA Davidson lowered their target price on Texas Capital Bancshares from $81.00 to $76.00 and set a "neutral" rating for the company in a research note on Monday. Keefe, Bruyette & Woods dropped their price objective on shares of Texas Capital Bancshares from $92.00 to $86.00 and set an "outperform" rating for the company in a research note on Monday. Barclays cut their target price on shares of Texas Capital Bancshares from $73.00 to $70.00 and set an "underweight" rating on the stock in a research report on Tuesday, April 8th. Raymond James lowered their price target on shares of Texas Capital Bancshares from $87.00 to $80.00 and set an "outperform" rating for the company in a report on Monday. Finally, StockNews.com raised Texas Capital Bancshares from a "sell" rating to a "hold" rating in a report on Friday, January 31st. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $76.64.

Insider Buying and Selling

In other news, Director Robert W. Stallings purchased 7,000 shares of the company's stock in a transaction that occurred on Tuesday, March 4th. The shares were acquired at an average cost of $20.43 per share, with a total value of $143,010.00. Following the purchase, the director now owns 49,500 shares in the company, valued at $1,011,285. This represents a 16.47 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have purchased a total of 33,902 shares of company stock valued at $943,002 over the last ninety days. 1.72% of the stock is owned by corporate insiders.

Texas Capital Bancshares Trading Up 2.0 %

NASDAQ:TCBI traded up $1.30 on Wednesday, reaching $67.19. 520,191 shares of the stock traded hands, compared to its average volume of 445,562. Texas Capital Bancshares, Inc. has a 1-year low of $56.24 and a 1-year high of $91.80. The company's 50 day moving average is $72.29 and its 200-day moving average is $77.90. The firm has a market capitalization of $3.10 billion, a price-to-earnings ratio of 52.49, a price-to-earnings-growth ratio of 0.75 and a beta of 0.74. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.22.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last issued its earnings results 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 business had revenue of $280.48 million during the quarter, compared to the consensus estimate of $284.40 million. Texas Capital Bancshares had a return on equity of 9.14% and a net margin of 3.99%. Equities research analysts anticipate that Texas Capital Bancshares, Inc. will post 5.84 EPS for the current fiscal year.

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.