Barclays PLC Grows Stock Holdings in Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Barclays PLC grew its holdings in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) by 39.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 151,904 shares of the bank's stock after buying an additional 42,954 shares during the period. Barclays PLC owned 0.33% of Texas Capital Bancshares worth $11,880,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Amalgamated Bank increased its holdings in shares of Texas Capital Bancshares by 0.8% during the fourth quarter. Amalgamated Bank now owns 20,791 shares of the bank's stock valued at $1,626,000 after acquiring an additional 166 shares in the last quarter. Xponance Inc. lifted its position in Texas Capital Bancshares by 4.8% in the 4th quarter. Xponance Inc. now owns 6,569 shares of the bank's stock valued at $514,000 after acquiring an additional 300 shares in the last quarter. Savant Capital LLC boosted its stake in Texas Capital Bancshares by 5.7% during the 4th quarter. Savant Capital LLC now owns 5,604 shares of the bank's stock valued at $438,000 after purchasing an additional 303 shares during the last quarter. Picton Mahoney Asset Management bought a new stake in shares of Texas Capital Bancshares in the 4th quarter worth $30,000. Finally, LPL Financial LLC raised its stake in shares of Texas Capital Bancshares by 4.6% in the fourth quarter. LPL Financial LLC now owns 8,776 shares of the bank's stock worth $686,000 after purchasing an additional 382 shares during the last quarter. 96.88% of the stock is owned by hedge funds and other institutional investors.

Texas Capital Bancshares Price Performance

Shares of TCBI traded up $1.02 during trading hours on Thursday, reaching $68.21. 464,740 shares of the stock traded hands, compared to its average volume of 446,202. The company has a market cap of $3.15 billion, a P/E ratio of 53.29, 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. The company's 50-day moving average price is $72.29 and its two-hundred day moving average price is $77.90. Texas Capital Bancshares, Inc. has a 52-week low of $56.24 and a 52-week high of $91.80.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last posted its earnings results on Thursday, April 17th. The bank reported $0.92 EPS for the quarter, missing analysts' consensus estimates of $0.99 by ($0.07). The firm had revenue of $280.48 million for the quarter, compared to the consensus estimate of $284.40 million. Texas Capital Bancshares had a net margin of 3.99% and a return on equity of 9.14%. On average, analysts anticipate that Texas Capital Bancshares, Inc. will post 5.84 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently commented on TCBI. StockNews.com upgraded Texas Capital Bancshares from a "sell" rating to a "hold" rating in a report on Friday, January 31st. Stephens lowered their price objective on shares of Texas Capital Bancshares from $95.00 to $90.00 and set an "overweight" rating on the stock in a research report on Monday. Raymond James cut their target price on shares of Texas Capital Bancshares from $87.00 to $80.00 and set an "outperform" rating for the company in a research report on Monday. Barclays lowered their price target on Texas Capital Bancshares from $73.00 to $70.00 and set an "underweight" rating on the stock in a report on Tuesday, April 8th. Finally, JPMorgan Chase & Co. cut their price objective on Texas Capital Bancshares from $78.00 to $70.00 and set an "underweight" rating for the company in a report on Monday. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $76.64.

Insider Buying and Selling

In other Texas Capital Bancshares news, Director Robert W. Stallings bought 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, with a total value of $42,105.94. Following the transaction, the director now owns 182,899 shares of the company's stock, valued at approximately $3,839,050.01. This trade represents a 1.11 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last three months, insiders acquired 34,402 shares of company stock valued at $977,102. Insiders own 1.72% 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.