Vanguard Group Inc. Purchases 20,245 Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Vanguard Group Inc. raised its stake in Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) by 0.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,697,274 shares of the bank's stock after buying an additional 20,245 shares during the quarter. Vanguard Group Inc. owned 10.17% of Texas Capital Bancshares worth $367,327,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Bank of Montreal Can increased its stake in shares of Texas Capital Bancshares by 1.2% in the third quarter. Bank of Montreal Can now owns 30,900 shares of the bank's stock worth $2,178,000 after acquiring an additional 373 shares during the last quarter. FMR LLC raised its stake in shares of Texas Capital Bancshares by 28.9% during the 3rd quarter. FMR LLC now owns 4,167 shares of the bank's stock worth $298,000 after purchasing an additional 935 shares in the last quarter. BNP Paribas Financial Markets grew its stake in shares of Texas Capital Bancshares by 141.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 22,321 shares of the bank's stock valued at $1,595,000 after buying an additional 13,074 shares in the last quarter. Captrust Financial Advisors increased its holdings in Texas Capital Bancshares by 3.8% in the third quarter. Captrust Financial Advisors now owns 10,036 shares of the bank's stock worth $717,000 after buying an additional 369 shares during the last quarter. Finally, Verition Fund Management LLC bought a new position in Texas Capital Bancshares during the third quarter valued at approximately $530,000. Hedge funds and other institutional investors own 96.88% of the company's stock.

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Insiders Place Their Bets

In other Texas Capital Bancshares news, Director Robert W. Stallings purchased 2,006 shares of the company's stock in a transaction that occurred on Monday, January 27th. The stock was purchased at an average price of $20.99 per share, with a total value of $42,105.94. Following the completion of the transaction, the director now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have acquired 29,402 shares of company stock worth $653,787 over the last 90 days. Corporate insiders own 1.72% of the company's stock.

Texas Capital Bancshares Stock Performance

Shares of NASDAQ:TCBI traded down $1.54 on Monday, hitting $62.96. 901,127 shares of the company were exchanged, compared to its average volume of 431,312. The company's 50 day moving average price is $76.90 and its two-hundred day moving average price is $78.69. The firm has a market capitalization of $2.90 billion, a price-to-earnings ratio of 49.19, a PEG ratio of 0.75 and a beta of 0.74. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.00 and a current ratio of 1.00. Texas Capital Bancshares, Inc. has a one year low of $54.68 and a one year high of $91.80.

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

Wall Street Analysts Forecast Growth

Several brokerages have recently commented 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. Stephens lowered their target price on shares of Texas Capital Bancshares from $102.00 to $97.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 28th. Hovde Group reduced their price target on Texas Capital Bancshares from $90.00 to $84.00 and set a "market perform" rating for the company in a research report on Friday, March 7th. JPMorgan Chase & Co. lowered their price objective on Texas Capital Bancshares from $81.00 to $80.00 and set an "underweight" rating on the stock in a report on Friday, January 24th. Finally, StockNews.com upgraded Texas Capital Bancshares from a "sell" rating to a "hold" rating in a report on Friday, January 31st. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $80.43.

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.