Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Shares Bought by Deutsche Bank AG

Deutsche Bank AG raised its holdings in Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) by 149.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 112,168 shares of the bank's stock after buying an additional 67,264 shares during the period. Deutsche Bank AG owned about 0.24% of Texas Capital Bancshares worth $8,772,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Amalgamated Bank lifted its holdings in shares of Texas Capital Bancshares by 0.8% in the 4th quarter. Amalgamated Bank now owns 20,791 shares of the bank's stock valued at $1,626,000 after purchasing an additional 166 shares during the last quarter. Xponance Inc. increased its position in Texas Capital Bancshares by 4.8% during the fourth quarter. Xponance Inc. now owns 6,569 shares of the bank's stock worth $514,000 after buying an additional 300 shares during the period. Savant Capital LLC increased its position in Texas Capital Bancshares by 5.7% during the fourth quarter. Savant Capital LLC now owns 5,604 shares of the bank's stock worth $438,000 after buying an additional 303 shares during the period. Beacon Pointe Advisors LLC lifted its stake in Texas Capital Bancshares by 1.9% in the fourth quarter. Beacon Pointe Advisors LLC now owns 18,825 shares of the bank's stock valued at $1,472,000 after buying an additional 350 shares during the last quarter. Finally, Picton Mahoney Asset Management acquired a new stake in shares of Texas Capital Bancshares in the fourth quarter valued at approximately $30,000. 96.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Barclays dropped their price objective on shares of Texas Capital Bancshares from $73.00 to $70.00 and set an "underweight" rating on the stock in a research note on Tuesday, April 8th. Stephens cut their price target on Texas Capital Bancshares from $95.00 to $90.00 and set an "overweight" rating for the company in a research note on Monday, April 21st. Hovde Group lowered 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 report on Monday, April 21st. Jefferies Financial Group began coverage on Texas Capital Bancshares in a research note on Wednesday. They set a "hold" rating and a $80.00 target price for the company. Finally, DA Davidson reduced their price target on Texas Capital Bancshares from $81.00 to $76.00 and set a "neutral" rating for the company in a report on Monday, April 21st. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Texas Capital Bancshares currently has an average rating of "Hold" and an average target price of $78.00.

Texas Capital Bancshares Price Performance

NASDAQ:TCBI traded down $0.03 during mid-day trading on Thursday, hitting $72.32. 32,366 shares of the company's stock traded hands, compared to its average volume of 447,051. 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 $3.32 billion, a PE ratio of 56.43, a price-to-earnings-growth ratio of 0.75 and a beta of 0.62. The firm's 50 day simple moving average is $70.37 and its 200 day simple moving average is $77.25. Texas Capital Bancshares, Inc. has a 1 year low of $56.24 and a 1 year high of $91.80.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The bank reported $0.92 earnings per share for the quarter, missing analysts' consensus estimates of $0.99 by ($0.07). The business had revenue of $280.48 million for 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%. Sell-side analysts expect that Texas Capital Bancshares, Inc. will post 5.84 EPS for the current year.

Insider Buying and Selling at Texas Capital Bancshares

In other news, Director Robert W. Stallings bought 7,000 shares of Texas Capital Bancshares stock in a transaction that occurred 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 completion of the acquisition, the director now owns 49,500 shares of the company's stock, valued at $1,011,285. The trade was a 16.47% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last three months, insiders acquired 19,300 shares of company stock worth $850,815. 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.