Charles Schwab Investment Management Inc. Lowers Holdings in Texas Capital Bancshares, Inc. $TCBI

Charles Schwab Investment Management Inc. trimmed its holdings in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) by 3.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 551,574 shares of the bank's stock after selling 20,965 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.20% of Texas Capital Bancshares worth $41,203,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also bought and sold shares of TCBI. UMB Bank n.a. raised its position in Texas Capital Bancshares by 1,089.8% during the first quarter. UMB Bank n.a. now owns 583 shares of the bank's stock valued at $44,000 after acquiring an additional 534 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Texas Capital Bancshares by 127.0% in the first quarter. GAMMA Investing LLC now owns 831 shares of the bank's stock valued at $62,000 after buying an additional 465 shares during the last quarter. Sterling Capital Management LLC boosted its holdings in shares of Texas Capital Bancshares by 819.9% during the 4th quarter. Sterling Capital Management LLC now owns 1,481 shares of the bank's stock worth $116,000 after purchasing an additional 1,320 shares during the last quarter. Bayforest Capital Ltd boosted its stake in Texas Capital Bancshares by 69.7% during the first quarter. Bayforest Capital Ltd now owns 2,309 shares of the bank's stock worth $172,000 after buying an additional 948 shares during the last quarter. Finally, United Capital Financial Advisors LLC purchased a new stake in shares of Texas Capital Bancshares in the fourth quarter valued at about $202,000. Institutional investors and hedge funds own 96.88% of the company's stock.

Insider Buying and Selling at Texas Capital Bancshares

In related news, Director Robert W. Stallings acquired 10,500 shares of the company's stock in a transaction dated Wednesday, June 11th. The shares were bought at an average price of $20.28 per share, for a total transaction of $212,940.00. Following the acquisition, the director owned 60,000 shares in the company, valued at $1,216,800. This trade represents a 21.21% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.72% of the company's stock.

Texas Capital Bancshares Stock Down 0.8%

Shares of NASDAQ:TCBI opened at $83.94 on Monday. The company has a market cap of $3.84 billion, a PE ratio of 33.31, a price-to-earnings-growth ratio of 0.70 and a beta of 0.65. The firm has a 50 day simple moving average of $82.38 and a 200 day simple moving average of $76.50. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.00 and a current ratio of 1.00. Texas Capital Bancshares, Inc. has a 52 week low of $59.37 and a 52 week high of $94.61.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last issued its earnings results on Thursday, July 17th. The bank reported $1.63 EPS for the quarter, beating analysts' consensus estimates of $1.28 by $0.35. Texas Capital Bancshares had a return on equity of 10.36% and a net margin of 6.79%. The firm had revenue of $307.46 million for the quarter, compared to the consensus estimate of $298.90 million. During the same quarter in the previous year, the company posted $0.80 earnings per share. As a group, research analysts expect that Texas Capital Bancshares, Inc. will post 5.84 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have weighed in on TCBI shares. DA Davidson lowered their target price on shares of 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. Wall Street Zen raised Texas Capital Bancshares from a "sell" rating to a "hold" rating in a research report on Sunday, July 13th. Citigroup raised their price target on Texas Capital Bancshares from $69.00 to $79.00 and gave the stock a "sell" rating in a research note on Friday, July 18th. Keefe, Bruyette & Woods boosted their price target on Texas Capital Bancshares from $86.00 to $100.00 and gave the company an "outperform" rating in a research report on Monday, July 21st. Finally, JPMorgan Chase & Co. raised their target price on shares of Texas Capital Bancshares from $70.00 to $82.00 and gave the stock an "underweight" rating in a research note on Tuesday, July 1st. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $83.50.

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.

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