BNP Paribas Financial Markets Has $6.16 Million Holdings in Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

BNP Paribas Financial Markets raised its stake in Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) by 252.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 78,742 shares of the bank's stock after purchasing an additional 56,421 shares during the period. BNP Paribas Financial Markets owned 0.17% of Texas Capital Bancshares worth $6,158,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Barclays PLC grew its stake in Texas Capital Bancshares by 19.6% in the 3rd quarter. Barclays PLC now owns 108,950 shares of the bank's stock valued at $7,786,000 after buying an additional 17,863 shares during the last quarter. Moody National Bank Trust Division grew its position in shares of Texas Capital Bancshares by 9.5% in the fourth quarter. Moody National Bank Trust Division now owns 17,371 shares of the bank's stock valued at $1,358,000 after purchasing an additional 1,508 shares during the last quarter. Nisa Investment Advisors LLC grew its position in shares of Texas Capital Bancshares by 5.3% in the fourth quarter. Nisa Investment Advisors LLC now owns 8,948 shares of the bank's stock valued at $700,000 after purchasing an additional 450 shares during the last quarter. KBC Group NV increased its stake in shares of Texas Capital Bancshares by 64.2% during the fourth quarter. KBC Group NV now owns 2,172 shares of the bank's stock worth $170,000 after purchasing an additional 849 shares during the period. Finally, R Squared Ltd acquired a new stake in Texas Capital Bancshares during the 4th quarter worth approximately $41,000. 96.88% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Keefe, Bruyette & Woods decreased their price objective on Texas Capital Bancshares from $92.00 to $86.00 and set an "outperform" rating on the stock in a report on Monday, April 21st. StockNews.com upgraded shares of Texas Capital Bancshares from a "sell" rating to a "hold" rating in a research note on Friday, January 31st. Piper Sandler dropped their price objective on shares of Texas Capital Bancshares from $84.00 to $74.00 and set a "neutral" rating for the company in a research note on Monday, April 21st. Barclays decreased their target price 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, DA Davidson dropped their price target on shares of Texas Capital Bancshares from $81.00 to $76.00 and set a "neutral" rating for the company in a research report on Monday, April 21st. Three equities 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $76.64.

Texas Capital Bancshares Price Performance

Shares of TCBI stock traded down $0.86 on Friday, hitting $75.83. 351,973 shares of the company's stock were exchanged, compared to its average volume of 447,411. The stock has a market cap of $3.48 billion, a P/E ratio of 59.24, a price-to-earnings-growth 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. The company has a 50 day moving average of $70.17 and a 200 day moving average of $77.31. 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 announced its quarterly earnings results on Thursday, April 17th. The bank reported $0.92 earnings per share (EPS) 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 company had revenue of $280.48 million for the quarter, compared to analyst estimates of $284.40 million. On average, equities research analysts predict that Texas Capital Bancshares, Inc. will post 5.84 EPS for the current year.

Insiders Place Their Bets

In related news, Director Robert W. Stallings purchased 7,000 shares of Texas Capital Bancshares stock in a transaction on Tuesday, March 4th. The shares were purchased at an average price of $20.43 per share, for a total transaction of $143,010.00. Following the transaction, the director now owns 49,500 shares of the company's stock, valued at approximately $1,011,285. This represents a 16.47% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders bought a total of 19,300 shares of company stock valued at $850,815 in the last 90 days. Corporate insiders own 1.72% 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.