Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP trimmed its position in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) by 3.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,141,503 shares of the bank's stock after selling 99,449 shares during the quarter. Dimensional Fund Advisors LP owned 6.80% of Texas Capital Bancshares worth $245,665,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Picton Mahoney Asset Management purchased a new position in Texas Capital Bancshares during the 4th quarter valued at about $30,000. Assetmark Inc. purchased a new position in shares of Texas Capital Bancshares in the 4th quarter valued at about $32,000. Venturi Wealth Management LLC purchased a new position in shares of Texas Capital Bancshares in the 4th quarter valued at about $37,000. R Squared Ltd purchased a new position in shares of Texas Capital Bancshares in the 4th quarter valued at about $41,000. Finally, Aster Capital Management DIFC Ltd purchased a new position in shares of Texas Capital Bancshares in the 4th quarter valued at about $115,000. 96.88% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Robert W. Stallings bought 500 shares of Texas Capital Bancshares stock in a transaction dated Wednesday, April 23rd. The stock was bought at an average price of $68.20 per share, for a total transaction of $34,100.00. Following the purchase, the director now owns 289,961 shares of the company's stock, valued at approximately $19,775,340.20. The trade was a 0.17 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have bought a total of 28,732 shares of company stock valued at $820,610 over the last quarter. Company insiders own 1.72% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. DA Davidson decreased their price objective on Texas Capital Bancshares from $81.00 to $76.00 and set a "neutral" rating for the company in a research note on Monday, April 21st. Barclays decreased their price objective 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. Keefe, Bruyette & Woods decreased their price objective 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. Hovde Group decreased their price objective on Texas Capital Bancshares from $84.00 to $75.00 and set a "market perform" rating for the company in a research note on Monday, April 21st. Finally, Stephens decreased their target price 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. Three equities 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's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $76.64.

Texas Capital Bancshares Stock Performance

TCBI traded down $0.32 during trading on Friday, hitting $67.89. 447,388 shares of the stock were exchanged, compared to its average volume of 446,740. The firm has a market capitalization of $3.12 billion, a P/E ratio of 53.04, a PEG ratio of 0.75 and a beta of 0.74. Texas Capital Bancshares, Inc. has a 1-year low of $56.24 and a 1-year high of $91.80. The stock has a fifty day moving average price of $71.75 and a two-hundred day moving average price of $77.89. 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 released its quarterly earnings results on Thursday, April 17th. The bank reported $0.92 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.07). The firm had revenue of $280.48 million for the quarter, compared to analyst estimates of $284.40 million. Texas Capital Bancshares had a return on equity of 9.14% and a net margin of 3.99%. As a group, sell-side analysts predict that Texas Capital Bancshares, Inc. will post 5.84 earnings per share for the current 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.