Aristotle Capital Boston LLC Sells 20,624 Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Aristotle Capital Boston LLC lowered its position in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) by 9.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 203,061 shares of the bank's stock after selling 20,624 shares during the quarter. Aristotle Capital Boston LLC owned approximately 0.44% of Texas Capital Bancshares worth $15,879,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. US Bancorp DE increased its holdings in shares of Texas Capital Bancshares by 1,575.0% during the fourth quarter. US Bancorp DE now owns 10,519 shares of the bank's stock worth $823,000 after buying an additional 9,891 shares in the last quarter. Victory Capital Management Inc. grew its position in Texas Capital Bancshares by 37.5% during the 4th quarter. Victory Capital Management Inc. now owns 96,397 shares of the bank's stock worth $7,538,000 after acquiring an additional 26,294 shares during the last quarter. Barclays PLC increased its holdings in Texas Capital Bancshares by 19.6% during the 3rd quarter. Barclays PLC now owns 108,950 shares of the bank's stock valued at $7,786,000 after purchasing an additional 17,863 shares in the last quarter. Martingale Asset Management L P bought a new position in Texas Capital Bancshares in the 4th quarter valued at $1,329,000. Finally, Proficio Capital Partners LLC acquired a new position in Texas Capital Bancshares in the fourth quarter worth $1,688,000. Institutional investors and hedge funds own 96.88% of the company's stock.

Insider Activity

In related news, Director Robert W. Stallings purchased 4,500 shares of the business's stock in a transaction on Monday, April 21st. The shares were purchased at an average price of $64.27 per share, with a total value of $289,215.00. Following the completion of the purchase, 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 acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have acquired 19,000 shares of company stock worth $844,815 in the last 90 days. Corporate insiders own 1.72% of the company's stock.

Texas Capital Bancshares Trading Up 3.9 %

NASDAQ:TCBI traded up $2.71 during trading hours on Thursday, hitting $72.76. The stock had a trading volume of 113,936 shares, compared to its average volume of 445,272. The business's 50 day moving average is $70.13 and its 200-day moving average is $77.41. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market cap of $3.34 billion, a price-to-earnings ratio of 56.84, a P/E/G ratio of 0.75 and a beta of 0.62. Texas Capital Bancshares, Inc. has a one year low of $56.24 and a one year high of $91.80.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last posted its earnings results on Thursday, April 17th. The bank reported $0.92 earnings per share for the quarter, missing the consensus estimate of $0.99 by ($0.07). Texas Capital Bancshares had a return on equity of 9.14% and a net margin of 3.99%. The business had revenue of $280.48 million for the quarter, compared to the consensus estimate of $284.40 million. Sell-side analysts anticipate that Texas Capital Bancshares, Inc. will post 5.84 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on TCBI shares. Raymond James cut their price target on Texas Capital Bancshares from $87.00 to $80.00 and set an "outperform" rating for the company in a report on Monday, April 21st. Keefe, Bruyette & Woods dropped their target price on shares of Texas Capital Bancshares from $92.00 to $86.00 and set an "outperform" rating for the company in a research note on Monday, April 21st. Hovde Group reduced their target price on shares of Texas Capital Bancshares from $84.00 to $75.00 and set a "market perform" rating on the stock in a research report on Monday, April 21st. 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. Finally, JPMorgan Chase & Co. reduced their price objective on Texas Capital Bancshares from $78.00 to $70.00 and set an "underweight" rating on the stock in a report on Monday, April 21st. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, Texas Capital Bancshares currently has a consensus rating of "Hold" and an average price target of $76.64.

Texas Capital Bancshares 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.