Victory Capital Management Inc. Has $7.54 Million Holdings in Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Victory Capital Management Inc. grew its stake in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) by 37.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 96,397 shares of the bank's stock after acquiring an additional 26,294 shares during the period. Victory Capital Management Inc. owned about 0.21% of Texas Capital Bancshares worth $7,538,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Icon Wealth Advisors LLC bought a new position in shares of Texas Capital Bancshares in the 3rd quarter worth about $31,000. Venturi Wealth Management LLC bought a new position in shares of Texas Capital Bancshares in the 4th quarter worth about $37,000. R Squared Ltd bought a new position in shares of Texas Capital Bancshares in the 4th quarter worth about $41,000. Meeder Asset Management Inc. bought a new position in shares of Texas Capital Bancshares in the 3rd quarter worth about $71,000. Finally, KBC Group NV lifted its position in shares of Texas Capital Bancshares by 64.2% in the 4th quarter. KBC Group NV now owns 2,172 shares of the bank's stock worth $170,000 after buying an additional 849 shares during the last quarter. 96.88% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Texas Capital Bancshares

In other news, Director Robert W. Stallings purchased 2,006 shares of the business's stock in a transaction dated Monday, January 27th. The shares were acquired at an average price of $20.99 per share, for a total transaction of $42,105.94. Following the completion of the acquisition, the director now directly owns 182,899 shares of the company's stock, valued at $3,839,050.01. The trade was a 1.11 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders have acquired 29,402 shares of company stock valued at $653,787 in the last quarter. Insiders own 1.72% of the company's stock.

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Texas Capital Bancshares Price Performance

Shares of TCBI stock traded down $0.25 during midday trading on Tuesday, reaching $75.37. 406,438 shares of the company were exchanged, compared to its average volume of 410,805. Texas Capital Bancshares, Inc. has a 12 month low of $54.68 and a 12 month high of $91.80. The company has a market cap of $3.48 billion, a P/E ratio of 58.88, a PEG ratio of 0.75 and a beta of 1.13. The company's 50 day moving average price is $78.25 and its two-hundred day moving average price is $78.19. 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 (NASDAQ:TCBI - Get Free Report) last released its quarterly earnings results 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%. On average, sell-side analysts expect that Texas Capital Bancshares, Inc. will post 5.84 earnings per share for the current year.

Analysts Set New Price Targets

TCBI has been the topic of a number of recent research reports. JPMorgan Chase & Co. reduced their price target on shares of Texas Capital Bancshares from $81.00 to $80.00 and set an "underweight" rating on the stock in a research report on Friday, January 24th. Keefe, Bruyette & Woods restated an "outperform" rating and issued a $95.00 price target (down from $100.00) on shares of Texas Capital Bancshares in a research report on Wednesday, January 29th. Stephens reduced 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 report on Tuesday, January 28th. Hovde Group cut their price objective on shares of 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. Finally, StockNews.com upgraded shares of Texas Capital Bancshares from a "sell" rating to a "hold" rating in a research report on Friday, January 31st. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Texas Capital Bancshares currently has a consensus rating of "Hold" and a consensus target price of $79.47.

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.