Barrow Hanley Mewhinney & Strauss LLC Sells 59,968 Shares of Texas Capital Bancshares, Inc. $TCBI

Barrow Hanley Mewhinney & Strauss LLC cut its position in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 5.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,065,474 shares of the bank’s stock after selling 59,968 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned 2.33% of Texas Capital Bancshares worth $90,065,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Cullen Frost Bankers Inc. acquired a new position in shares of Texas Capital Bancshares during the third quarter worth $39,000. True Wealth Design LLC increased its holdings in Texas Capital Bancshares by 106.8% in the third quarter. True Wealth Design LLC now owns 643 shares of the bank’s stock valued at $54,000 after purchasing an additional 332 shares during the period. EverSource Wealth Advisors LLC increased its holdings in Texas Capital Bancshares by 452.6% in the second quarter. EverSource Wealth Advisors LLC now owns 746 shares of the bank’s stock valued at $59,000 after purchasing an additional 611 shares during the period. Quent Capital LLC bought a new position in Texas Capital Bancshares during the 3rd quarter worth $60,000. Finally, GAMMA Investing LLC lifted its holdings in Texas Capital Bancshares by 10.0% during the 3rd quarter. GAMMA Investing LLC now owns 1,332 shares of the bank’s stock worth $113,000 after buying an additional 121 shares during the period. 96.88% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently issued reports on TCBI shares. Hovde Group boosted their price target on shares of Texas Capital Bancshares from $93.00 to $102.00 and gave the stock a “market perform” rating in a research report on Tuesday, January 27th. Barclays increased their price objective on shares of Texas Capital Bancshares from $90.00 to $100.00 and gave the stock an “underweight” rating in a research report on Friday, January 23rd. DA Davidson boosted their target price on shares of Texas Capital Bancshares from $94.00 to $104.00 and gave the company a “neutral” rating in a report on Friday, January 23rd. Zacks Research raised shares of Texas Capital Bancshares from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 2nd. Finally, TD Cowen lifted their price objective on Texas Capital Bancshares from $103.00 to $110.00 and gave the stock a “hold” rating in a research report on Monday, January 26th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $101.17.

Texas Capital Bancshares Trading Down 0.0%

NASDAQ TCBI opened at $92.16 on Wednesday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.19. The business has a fifty day simple moving average of $98.79 and a 200 day simple moving average of $91.43. Texas Capital Bancshares, Inc. has a 12 month low of $59.37 and a 12 month high of $108.92. The firm has a market capitalization of $4.07 billion, a P/E ratio of 13.55, a PEG ratio of 0.45 and a beta of 0.66.

Texas Capital Bancshares (NASDAQ:TCBI) last posted its earnings results on Thursday, January 22nd. The bank reported $2.08 EPS for the quarter, topping the consensus estimate of $1.78 by $0.30. The firm had revenue of $327.48 million for the quarter, compared to analysts’ expectations of $324.09 million. Texas Capital Bancshares had a net margin of 16.52% and a return on equity of 10.05%. During the same quarter last year, the firm earned $1.43 EPS. On average, 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 purchased 5,500 shares of the company’s stock in a transaction that occurred on Friday, March 6th. The shares were bought at an average cost of $22.80 per share, for a total transaction of $125,400.00. Following the purchase, the director owned 175,087 shares of the company’s stock, valued at $3,991,983.60. This represents a 3.24% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Laura L. Whitley purchased 500 shares of the business’s stock in a transaction dated Monday, January 26th. The stock was bought at an average cost of $97.51 per share, with a total value of $48,755.00. Following the completion of the acquisition, the director directly owned 7,961 shares of the company’s stock, valued at approximately $776,277.11. This trade represents a 6.70% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders purchased a total of 48,500 shares of company stock worth $1,161,355 over the last 90 days. 1.72% of the stock is currently owned by company insiders.

About Texas Capital Bancshares

Texas Capital Bancshares, Inc is a bank holding company headquartered in Dallas, Texas, operating through its wholly owned subsidiary, Texas Capital Bank. The company specializes in providing commercial banking services to middle-market companies, entrepreneurs, professional service firms, real estate developers, and not-for-profit organizations. Its broad range of offerings includes commercial lending, treasury and cash management, real estate finance, equipment finance, and energy lending, all designed to address the unique financial needs of businesses navigating growth and market challenges.

In addition to its core commercial banking capabilities, Texas Capital Bancshares delivers private banking and wealth management services for business owners and high-net-worth individuals.