Jane Street Group LLC Sells 123,769 Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Jane Street Group LLC trimmed its holdings in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 93.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 8,903 shares of the bank’s stock after selling 123,769 shares during the quarter. Jane Street Group LLC’s holdings in Texas Capital Bancshares were worth $696,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in TCBI. Vanguard Group Inc. raised its holdings in Texas Capital Bancshares by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 4,697,274 shares of the bank’s stock valued at $367,327,000 after buying an additional 20,245 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its holdings in Texas Capital Bancshares by 0.9% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,305,685 shares of the bank’s stock valued at $258,505,000 after buying an additional 28,282 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Texas Capital Bancshares by 22.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 744,833 shares of the bank’s stock valued at $58,246,000 after buying an additional 138,734 shares during the last quarter. Northern Trust Corp raised its holdings in Texas Capital Bancshares by 12.0% during the 4th quarter. Northern Trust Corp now owns 660,478 shares of the bank’s stock valued at $51,649,000 after buying an additional 70,804 shares during the last quarter. Finally, William Blair Investment Management LLC raised its holdings in Texas Capital Bancshares by 2.5% during the 4th quarter. William Blair Investment Management LLC now owns 627,890 shares of the bank’s stock valued at $49,101,000 after buying an additional 15,320 shares during the last quarter. 96.88% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Stephens lowered their price target on shares of Texas Capital Bancshares from $95.00 to $90.00 and set an “overweight” rating for the company in a report on Monday, April 21st. Hovde Group lowered their price target on shares of Texas Capital Bancshares from $84.00 to $75.00 and set a “market perform” rating for the company in a report on Monday, April 21st. Piper Sandler lowered their price target on shares of Texas Capital Bancshares from $84.00 to $74.00 and set a “neutral” rating for the company in a report on Monday, April 21st. Raymond James lowered their price target on shares of Texas Capital Bancshares from $87.00 to $80.00 and set an “outperform” rating for the company in a report on Monday, April 21st. Finally, Keefe, Bruyette & Woods lowered their price target on shares of Texas Capital Bancshares from $92.00 to $86.00 and set an “outperform” rating for the company in a report on Monday, April 21st. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Texas Capital Bancshares currently has an average rating of “Hold” and an average price target of $78.00.

Texas Capital Bancshares Stock Down 0.8%

NASDAQ:TCBI opened at $71.44 on Monday. The firm’s 50-day moving average price is $70.22 and its 200-day moving average price is $77.08. The company has a market capitalization of $3.28 billion, a PE ratio of 55.81, a P/E/G ratio of 0.75 and a beta of 0.62. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.00 and a quick ratio of 1.00. Texas Capital Bancshares, Inc. has a 1-year low of $56.24 and a 1-year high of $91.80.

Texas Capital Bancshares (NASDAQ:TCBI) last released its earnings results on Thursday, April 17th. The bank reported $0.92 earnings per share for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.07). The business had revenue of $280.48 million during the quarter, compared to analysts’ expectations of $284.40 million. Texas Capital Bancshares had a return on equity of 9.14% and a net margin of 3.99%. On average, equities analysts predict that Texas Capital Bancshares, Inc. will post 5.84 EPS for the current fiscal year.

Insider Transactions at Texas Capital Bancshares

In other Texas Capital Bancshares news, Director Robert W. Stallings bought 5,000 shares of Texas Capital Bancshares stock in a transaction dated Friday, April 25th. The shares were purchased at an average cost of $67.76 per share, with a total value of $338,800.00. Following the transaction, the director now directly owns 90,039 shares of the company’s stock, valued at $6,101,042.64. This represents a 5.88% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have acquired 19,300 shares of company stock valued at $850,815 in the last three months. 1.72% of the stock is currently owned by company 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.