D. E. Shaw & Co. Inc. Sells 122,014 Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

D. E. Shaw & Co. Inc. reduced its holdings in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) by 36.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 216,291 shares of the bank's stock after selling 122,014 shares during the period. D. E. Shaw & Co. Inc. owned about 0.47% of Texas Capital Bancshares worth $16,914,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in TCBI. Barclays PLC lifted its position in shares of 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 buying an additional 17,863 shares in the last quarter. Moody National Bank Trust Division increased its stake 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 worth $1,358,000 after purchasing an additional 1,508 shares in the last quarter. Nisa Investment Advisors LLC raised its position in shares of Texas Capital Bancshares by 5.3% during the 4th 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 period. KBC Group NV raised its position in shares of Texas Capital Bancshares by 64.2% during the 4th quarter. KBC Group NV now owns 2,172 shares of the bank's stock valued at $170,000 after purchasing an additional 849 shares during the period. Finally, R Squared Ltd purchased a new position in shares of Texas Capital Bancshares during the 4th quarter valued at $41,000. 96.88% of the stock is currently owned by institutional investors.

Texas Capital Bancshares Price Performance

TCBI stock opened at $75.41 on Tuesday. Texas Capital Bancshares, Inc. has a 52 week low of $56.24 and a 52 week high of $91.80. The firm has a market capitalization of $3.46 billion, a P/E ratio of 58.91, a price-to-earnings-growth ratio of 0.75 and a beta of 0.62. The company has a fifty day simple moving average of $69.98 and a two-hundred day simple moving average of $77.34. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.22.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Keefe, Bruyette & Woods cut their price target on 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. DA Davidson cut their target price on 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. Piper Sandler lowered their price target on Texas Capital Bancshares from $84.00 to $74.00 and set a "neutral" rating on the stock in a report on Monday, April 21st. Barclays dropped their price target on Texas Capital Bancshares from $73.00 to $70.00 and set an "underweight" rating for the company in a research note on Tuesday, April 8th. Finally, Stephens reduced 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. 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 company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $76.64.

Insider Activity

In related news, Director Robert W. Stallings purchased 7,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The shares were bought at an average price of $20.43 per share, for a total transaction of $143,010.00. Following the acquisition, 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders purchased 19,300 shares of company stock valued at $850,815 in the last ninety days. Insiders own 1.72% of the company's stock.

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.

Want to see what other hedge funds are holding TCBI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.