Algert Global LLC Purchases 4,234 Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Algert Global LLC grew its holdings in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) by 19.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 26,550 shares of the bank's stock after acquiring an additional 4,234 shares during the period. Algert Global LLC owned about 0.06% of Texas Capital Bancshares worth $2,076,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Norges Bank acquired a new position in shares of Texas Capital Bancshares during the fourth quarter valued at about $42,050,000. Massachusetts Financial Services Co. MA grew its holdings in shares of Texas Capital Bancshares by 22.9% during the fourth 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. JPMorgan Chase & Co. boosted its holdings in Texas Capital Bancshares by 75.5% during the fourth quarter. JPMorgan Chase & Co. now owns 317,292 shares of the bank's stock worth $24,812,000 after purchasing an additional 136,507 shares during the last quarter. Jupiter Asset Management Ltd. purchased a new position in Texas Capital Bancshares during the fourth quarter worth about $8,080,000. Finally, Prudential Financial Inc. boosted its holdings in Texas Capital Bancshares by 104.5% during the fourth quarter. Prudential Financial Inc. now owns 155,135 shares of the bank's stock worth $12,132,000 after purchasing an additional 79,290 shares during the last quarter. Institutional investors own 96.88% of the company's stock.

Insider Buying and Selling

In other Texas Capital Bancshares news, Director Robert W. Stallings acquired 4,500 shares of the company's stock in a transaction that occurred on Monday, April 21st. The shares were bought at an average price of $64.27 per share, with a total value of $289,215.00. Following the completion of the acquisition, the director now owns 288,131 shares in the company, valued at $18,518,179.37. This represents a 1.59% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last quarter, insiders have acquired 19,300 shares of company stock valued at $850,815. 1.72% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Stephens lowered their price objective on shares of Texas Capital Bancshares from $95.00 to $90.00 and set an "overweight" rating on the stock in a research report on Monday, April 21st. JPMorgan Chase & Co. lowered their price objective on shares of Texas Capital Bancshares from $78.00 to $70.00 and set an "underweight" rating on the stock in a research report on Monday, April 21st. DA Davidson lowered their price target on shares of Texas Capital Bancshares from $81.00 to $76.00 and set a "neutral" rating on the stock in a research report on Monday, April 21st. Barclays lowered their price target on shares of Texas Capital Bancshares from $73.00 to $70.00 and set an "underweight" rating on the stock in a research report on Tuesday, April 8th. 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 on the stock in a research report on Monday, April 21st. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $76.64.

Texas Capital Bancshares Stock Performance

Shares of TCBI traded up $2.56 on Monday, reaching $75.41. The company's stock had a trading volume of 439,850 shares, compared to its average volume of 447,350. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a market capitalization of $3.46 billion, a P/E ratio of 58.91, a PEG ratio of 0.75 and a beta of 0.62. The stock's 50 day simple moving average is $69.98 and its two-hundred day simple moving average is $77.35. Texas Capital Bancshares, Inc. has a 12-month low of $56.24 and a 12-month high of $91.80.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last posted its quarterly earnings data on Thursday, April 17th. The bank reported $0.92 earnings per share (EPS) 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%. Research analysts forecast that Texas Capital Bancshares, Inc. will post 5.84 earnings per share for the current fiscal year.

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.