Raymond James Financial Services Advisors Inc. Sells 6,160 Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Raymond James Financial Services Advisors Inc. decreased its holdings in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 63.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 3,554 shares of the bank’s stock after selling 6,160 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Texas Capital Bancshares were worth $230,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of TCBI. Atwood & Palmer Inc. acquired a new position in shares of Texas Capital Bancshares during the third quarter worth $47,000. Strs Ohio increased its position in shares of Texas Capital Bancshares by 133.3% during the third quarter. Strs Ohio now owns 2,100 shares of the bank’s stock worth $123,000 after purchasing an additional 1,200 shares in the last quarter. Anchor Investment Management LLC acquired a new position in shares of Texas Capital Bancshares during the fourth quarter worth $152,000. Allspring Global Investments Holdings LLC increased its position in shares of Texas Capital Bancshares by 22.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,922 shares of the bank’s stock worth $172,000 after purchasing an additional 535 shares in the last quarter. Finally, Pathstone Family Office LLC acquired a new position in shares of Texas Capital Bancshares during the third quarter worth $214,000. Institutional investors own 96.88% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Jefferies Financial Group reduced their price target on 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. UBS Group boosted their price objective on shares of Texas Capital Bancshares from $56.00 to $57.00 and gave the company a “sell” rating in a report on Tuesday, January 23rd. Truist Financial dropped their price objective on shares of Texas Capital Bancshares from $66.00 to $61.00 and set a “hold” rating on the stock in a report on Monday. Royal Bank of Canada dropped their price objective on shares of Texas Capital Bancshares from $68.00 to $66.00 and set a “sector perform” rating on the stock in a report on Tuesday, April 9th. Finally, Mizuho reissued a “hold” rating and set a $66.00 price objective (down from $72.00) on shares of Texas Capital Bancshares in a report on Monday, April 1st. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Texas Capital Bancshares presently has an average rating of “Hold” and an average price target of $63.58.

Texas Capital Bancshares Stock Down 0.1 %

TCBI opened at $60.12 on Thursday. Texas Capital Bancshares, Inc. has a twelve month low of $42.79 and a twelve month high of $66.18. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.30. The company has a 50-day moving average price of $59.01 and a 200 day moving average price of $59.05. The company has a market cap of $2.80 billion, a PE ratio of 18.22, a price-to-earnings-growth ratio of 2.09 and a beta of 1.19.

Insider Buying and Selling at Texas Capital Bancshares

In other Texas Capital Bancshares news, Director Robert W. Stallings acquired 6,000 shares of the business’s stock in a transaction on Monday, February 5th. The stock was bought at an average price of $18.64 per share, for a total transaction of $111,840.00. Following the acquisition, the director now owns 146,706 shares in the company, valued at $2,734,599.84. 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 acquired 6,000 shares of the business’s stock in a transaction on Monday, February 5th. The stock was bought at an average price of $18.64 per share, for a total transaction of $111,840.00. Following the acquisition, the director now owns 146,706 shares in the company, valued at $2,734,599.84. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Thomas E. Long purchased 2,000 shares of the business’s stock in a transaction dated Tuesday, February 27th. The shares were purchased 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 acquired 18,000 shares of company stock worth $422,650. Insiders own 1.53% of the company’s stock.

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.