State of Alaska Department of Revenue Sells 565 Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

State of Alaska Department of Revenue trimmed its holdings in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 9.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,186 shares of the bank’s stock after selling 565 shares during the quarter. State of Alaska Department of Revenue’s holdings in Texas Capital Bancshares were worth $335,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Lazard Asset Management LLC bought a new stake in Texas Capital Bancshares during the 3rd quarter worth approximately $32,000. Atwood & Palmer Inc. bought a new stake in Texas Capital Bancshares during the 3rd quarter worth approximately $47,000. Rockefeller Capital Management L.P. grew its holdings in Texas Capital Bancshares by 25.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,049 shares of the bank’s stock worth $63,000 after acquiring an additional 210 shares during the last quarter. Osaic Holdings Inc. grew its holdings in Texas Capital Bancshares by 22.5% during the 2nd quarter. Osaic Holdings Inc. now owns 1,088 shares of the bank’s stock worth $56,000 after acquiring an additional 200 shares during the last quarter. Finally, Strs Ohio grew its holdings in Texas Capital Bancshares by 133.3% during the 3rd quarter. Strs Ohio now owns 2,100 shares of the bank’s stock worth $123,000 after acquiring an additional 1,200 shares during the last quarter. 96.88% of the stock is owned by institutional investors.

Insider Buying and Selling at Texas Capital Bancshares

In other Texas Capital Bancshares news, Director Robert W. Stallings purchased 5,000 shares of the firm’s stock in a transaction on Thursday, January 25th. The stock was acquired at an average price of $19.09 per share, for a total transaction of $95,450.00. Following the purchase, the director now owns 117,706 shares of the company’s stock, valued at approximately $2,247,007.54. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Texas Capital Bancshares news, Director Robert W. Stallings purchased 5,000 shares of the firm’s stock in a transaction on Thursday, January 25th. The stock was acquired at an average price of $19.09 per share, for a total transaction of $95,450.00. Following the purchase, the director now owns 117,706 shares of the company’s stock, valued at approximately $2,247,007.54. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Thomas E. Long bought 2,000 shares of Texas Capital Bancshares stock in a transaction dated Tuesday, February 27th. The stock was purchased at an average price of $58.78 per share, with a total value of $117,560.00. Following the purchase, the director now owns 7,542 shares in the company, valued at $443,318.76. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 28,000 shares of company stock worth $612,850. 0.99% of the stock is owned by corporate insiders.

Texas Capital Bancshares Stock Down 1.0 %

Texas Capital Bancshares stock opened at $56.52 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.30. Texas Capital Bancshares, Inc. has a 12-month low of $42.79 and a 12-month high of $66.18. The firm’s fifty day moving average is $59.17 and its 200 day moving average is $59.07. The company has a market capitalization of $2.68 billion, a PE ratio of 15.97, a PEG ratio of 2.01 and a beta of 1.19.

Texas Capital Bancshares (NASDAQ:TCBI) last announced its quarterly earnings results on Thursday, January 18th. The bank reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.24). The business had revenue of $245.85 million for the quarter, compared to the consensus estimate of $251.96 million. Texas Capital Bancshares had a net margin of 10.56% and a return on equity of 7.28%. During the same quarter last year, the firm posted $0.87 EPS. As a group, sell-side analysts predict that Texas Capital Bancshares, Inc. will post 3.55 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

TCBI has been the topic of a number of recent analyst reports. Stephens boosted their price target on shares of Texas Capital Bancshares from $78.00 to $79.00 and gave the stock an “overweight” rating in a research report on Monday, January 22nd. JPMorgan Chase & Co. dropped their price target on shares of Texas Capital Bancshares from $70.00 to $65.00 and set an “underweight” rating on the stock in a research report on Thursday, April 4th. Raymond James downgraded shares of Texas Capital Bancshares from a “strong-buy” rating to a “market perform” rating in a research report on Thursday, April 4th. Jefferies Financial Group dropped their price target on shares of Texas Capital Bancshares from $70.00 to $61.00 and set a “hold” rating on the stock in a research report on Monday, April 8th. Finally, Wedbush dropped their price target on shares of Texas Capital Bancshares from $70.00 to $68.00 and set a “neutral” rating on the stock in a research report on Friday, January 19th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $64.45.

Texas Capital Bancshares Company 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.