Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lessened its position in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 4.9% in the 4th quarter, HoldingsChannel reports. The fund owned 29,712 shares of the bank’s stock after selling 1,532 shares during the period. Mutual of America Capital Management LLC’s holdings in Texas Capital Bancshares were worth $1,920,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wellington Management Group LLP grew its holdings in Texas Capital Bancshares by 78.0% during the 3rd quarter. Wellington Management Group LLP now owns 559,200 shares of the bank’s stock worth $32,937,000 after acquiring an additional 245,074 shares in the last quarter. Walleye Capital LLC grew its holdings in Texas Capital Bancshares by 63.9% during the 3rd quarter. Walleye Capital LLC now owns 174,311 shares of the bank’s stock worth $10,267,000 after acquiring an additional 67,964 shares in the last quarter. New York State Common Retirement Fund grew its holdings in Texas Capital Bancshares by 131.9% during the 3rd quarter. New York State Common Retirement Fund now owns 150,829 shares of the bank’s stock worth $8,884,000 after acquiring an additional 85,793 shares in the last quarter. First Dallas Securities Inc. acquired a new position in shares of Texas Capital Bancshares in the 3rd quarter valued at $1,178,000. Finally, North Reef Capital Management LP boosted its holdings in shares of Texas Capital Bancshares by 99.2% in the 3rd quarter. North Reef Capital Management LP now owns 1,450,000 shares of the bank’s stock valued at $85,405,000 after buying an additional 722,250 shares in the last quarter. Institutional investors and hedge funds own 96.88% of the company’s stock.

Texas Capital Bancshares Stock Up 4.8 %

Shares of Texas Capital Bancshares stock opened at $58.68 on Friday. The company has a market cap of $2.78 billion, a P/E ratio of 17.78, a PEG ratio of 1.98 and a beta of 1.19. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.01 and a current ratio of 1.03. Texas Capital Bancshares, Inc. has a one year low of $42.79 and a one year high of $66.18. The firm has a fifty day moving average of $58.89 and a two-hundred day moving average of $59.01.

Texas Capital Bancshares (NASDAQ:TCBI) last announced its quarterly earnings data on Thursday, January 18th. The bank reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.24). The firm had revenue of $245.85 million for the quarter, compared to analysts’ expectations of $251.96 million. Texas Capital Bancshares had a return on equity of 7.05% and a net margin of 9.66%. During the same quarter in the previous year, the company posted $0.87 EPS. On average, analysts forecast that Texas Capital Bancshares, Inc. will post 3.54 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on TCBI. Citigroup lowered their target price on shares of Texas Capital Bancshares from $66.00 to $64.00 and set a “neutral” rating for the company in a report on Wednesday, March 13th. Hovde Group lowered their target price on shares of Texas Capital Bancshares from $87.50 to $61.50 and set a “market perform” rating for the company in a report on Friday. Stephens lowered their target price on shares of Texas Capital Bancshares from $78.00 to $73.00 and set an “overweight” rating for the company in a report on Friday. JPMorgan Chase & Co. lowered their target price on shares of Texas Capital Bancshares from $70.00 to $65.00 and set an “underweight” rating for the company in a report on Thursday, April 4th. Finally, UBS Group upped their price target on shares of Texas Capital Bancshares from $56.00 to $57.00 and gave the company a “sell” rating in a research report on Tuesday, January 23rd. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Texas Capital Bancshares presently has an average rating of “Hold” and an average target price of $63.13.

Insiders Place Their Bets

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

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.