State of New Jersey Common Pension Fund D Reduces Stock Holdings in Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

State of New Jersey Common Pension Fund D lessened its stake in Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) by 18.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 24,437 shares of the bank's stock after selling 5,508 shares during the quarter. State of New Jersey Common Pension Fund D owned 0.05% of Texas Capital Bancshares worth $1,911,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Geode Capital Management LLC grew its holdings in Texas Capital Bancshares by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,145,271 shares of the bank's stock worth $81,856,000 after acquiring an additional 13,022 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Texas Capital Bancshares by 15.4% during the 3rd quarter. Wellington Management Group LLP now owns 1,123,221 shares of the bank's stock worth $80,265,000 after purchasing an additional 150,301 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Texas Capital Bancshares by 1.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 570,839 shares of the bank's stock worth $40,792,000 after purchasing an additional 10,171 shares in the last quarter. Segall Bryant & Hamill LLC increased its holdings in Texas Capital Bancshares by 12.6% in the third quarter. Segall Bryant & Hamill LLC now owns 467,001 shares of the bank's stock valued at $33,372,000 after buying an additional 52,095 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its stake in Texas Capital Bancshares by 0.6% in the third quarter. Jacobs Levy Equity Management Inc. now owns 308,222 shares of the bank's stock valued at $22,026,000 after buying an additional 1,687 shares in the last quarter. 96.88% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Barclays upped their price objective on Texas Capital Bancshares from $60.00 to $71.00 and gave the stock an "underweight" rating in a research report on Thursday, December 5th. Stephens dropped 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. StockNews.com upgraded shares of Texas Capital Bancshares from a "sell" rating to a "hold" rating in a research report on Friday, January 31st. DA Davidson dropped their target price on shares of Texas Capital Bancshares from $90.00 to $87.00 and set a "neutral" rating on the stock in a research report on Friday, January 24th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of 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. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $79.13.

Texas Capital Bancshares Stock Performance

Shares of NASDAQ:TCBI traded up $0.57 during trading on Friday, reaching $79.16. The company had a trading volume of 431,335 shares, compared to its average volume of 451,355. Texas Capital Bancshares, Inc. has a fifty-two week low of $54.68 and a fifty-two week high of $91.80. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.00 and a quick ratio of 1.00. The stock's fifty day moving average price is $79.08 and its 200 day moving average price is $77.06. The firm has a market capitalization of $3.64 billion, a price-to-earnings ratio of 61.84, a price-to-earnings-growth ratio of 0.75 and a beta of 1.16.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last announced its quarterly earnings data on Thursday, January 23rd. The bank reported $1.43 EPS for the quarter, topping analysts' consensus estimates of $1.07 by $0.36. Texas Capital Bancshares had a net margin of 3.99% and a return on equity of 9.14%. As a group, equities research analysts predict that Texas Capital Bancshares, Inc. will post 5.84 EPS for the current year.

Insider Activity at Texas Capital Bancshares

In other Texas Capital Bancshares news, Director Robert W. Stallings bought 2,006 shares of the business's stock in a transaction dated Monday, January 27th. The stock was acquired at an average cost of $20.99 per share, with a total value of $42,105.94. Following the purchase, the director now owns 182,899 shares in the company, valued at approximately $3,839,050.01. This represents a 1.11 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders bought a total of 22,402 shares of company stock worth $510,777 over the last 90 days. Company insiders own 1.53% of the company's stock.

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.