Nisa Investment Advisors LLC Cuts Stock Holdings in Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Nisa Investment Advisors LLC trimmed its stake in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 6.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,994 shares of the bank’s stock after selling 626 shares during the period. Nisa Investment Advisors LLC’s holdings in Texas Capital Bancshares were worth $581,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. BlackRock Inc. grew its stake in Texas Capital Bancshares by 0.7% during the second quarter. BlackRock Inc. now owns 5,784,573 shares of the bank’s stock valued at $297,906,000 after acquiring an additional 39,338 shares in the last quarter. Vanguard Group Inc. grew its stake in Texas Capital Bancshares by 0.5% during the third quarter. Vanguard Group Inc. now owns 4,820,025 shares of the bank’s stock valued at $283,899,000 after acquiring an additional 25,113 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its stake in Texas Capital Bancshares by 26.5% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,633,859 shares of the bank’s stock valued at $219,159,000 after acquiring an additional 762,038 shares in the last quarter. State Street Corp grew its stake in Texas Capital Bancshares by 5.1% during the first quarter. State Street Corp now owns 3,268,391 shares of the bank’s stock valued at $187,311,000 after acquiring an additional 158,815 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of Texas Capital Bancshares by 68.6% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 2,278,954 shares of the bank’s stock worth $119,964,000 after buying an additional 927,419 shares in the last quarter. 96.88% of the stock is owned by hedge funds and other institutional investors.

Texas Capital Bancshares Price Performance

Texas Capital Bancshares stock opened at $55.51 on Wednesday. The firm has a 50-day moving average price of $59.03 and a 200-day moving average price of $59.04. The firm has a market capitalization of $2.63 billion, a PE ratio of 15.68, a price-to-earnings-growth ratio of 1.99 and a beta of 1.19. The company has a current ratio of 1.01, a quick 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.

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

Analyst Upgrades and Downgrades

A number of brokerages have commented on TCBI. Citigroup dropped their price objective on shares of Texas Capital Bancshares from $66.00 to $64.00 and set a “neutral” rating for the company in a research note on Wednesday, March 13th. Truist Financial cut shares of Texas Capital Bancshares from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $72.00 to $66.00 in a research note on Monday, April 1st. Barclays began coverage on shares of Texas Capital Bancshares in a research note on Friday, March 8th. They issued an “underweight” rating and a $47.00 price objective for the company. Jefferies Financial Group dropped their price objective on shares of Texas Capital Bancshares from $70.00 to $61.00 and set a “hold” rating for the company in a research note on Monday, April 8th. Finally, Raymond James cut shares of Texas Capital Bancshares from a “strong-buy” rating to a “market perform” rating in a research note on Thursday, April 4th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $64.45.

Insider Activity at Texas Capital Bancshares

In related news, Director Thomas E. Long acquired 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The stock was bought at an average price of $58.78 per share, for a total transaction of $117,560.00. Following the acquisition, the director now directly owns 7,542 shares of the company’s stock, valued at approximately $443,318.76. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Thomas E. Long acquired 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The stock was bought at an average price of $58.78 per share, for a total transaction of $117,560.00. Following the acquisition, the director now directly owns 7,542 shares of the company’s stock, valued at approximately $443,318.76. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert W. Stallings acquired 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 25th. The shares were bought at an average price of $19.09 per share, with a total value of $95,450.00. Following the acquisition, the director now directly owns 117,706 shares in the company, valued at $2,247,007.54. The disclosure for this purchase can be found here. Insiders purchased 28,000 shares of company stock worth $612,850 in the last 90 days. 1.53% of the stock is owned by corporate insiders.

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.