GTS Securities LLC Buys Shares of 4,182 Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

GTS Securities LLC bought a new position in Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 4,182 shares of the bank's stock, valued at approximately $327,000.

A number of other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in Texas Capital Bancshares by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 4,697,274 shares of the bank's stock worth $367,327,000 after purchasing an additional 20,245 shares during the period. T. Rowe Price Investment Management Inc. raised its holdings in Texas Capital Bancshares by 0.9% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,305,685 shares of the bank's stock valued at $258,505,000 after acquiring an additional 28,282 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in Texas Capital Bancshares by 22.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 744,833 shares of the bank's stock valued at $58,246,000 after acquiring an additional 138,734 shares during the period. Northern Trust Corp raised its holdings in Texas Capital Bancshares by 12.0% during the fourth quarter. Northern Trust Corp now owns 660,478 shares of the bank's stock valued at $51,649,000 after acquiring an additional 70,804 shares during the period. Finally, William Blair Investment Management LLC raised its holdings in Texas Capital Bancshares by 2.5% during the fourth quarter. William Blair Investment Management LLC now owns 627,890 shares of the bank's stock valued at $49,101,000 after acquiring an additional 15,320 shares during the period. 96.88% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Robert W. Stallings purchased 5,000 shares of the company's stock in a transaction that occurred on Friday, April 25th. The stock was bought at an average price of $67.76 per share, for a total transaction of $338,800.00. Following the completion of the transaction, the director now owns 90,039 shares in the company, valued at approximately $6,101,042.64. The trade was a 5.88% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Over the last quarter, insiders purchased 19,300 shares of company stock worth $850,815. Corporate insiders own 1.72% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Wall Street Zen raised Texas Capital Bancshares from a "sell" rating to a "hold" rating in a report on Friday, January 31st. JPMorgan Chase & Co. decreased their price target on Texas Capital Bancshares from $78.00 to $70.00 and set an "underweight" rating on the stock in a report on Monday, April 21st. Stephens decreased their price target on Texas Capital Bancshares from $95.00 to $90.00 and set an "overweight" rating on the stock in a report on Monday, April 21st. Hovde Group decreased their price target on 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. Finally, Jefferies Financial Group set a $80.00 price target on Texas Capital Bancshares and gave the company a "hold" rating in a report on Wednesday, May 21st. Three analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $78.00.

Texas Capital Bancshares Trading Down 0.8%

TCBI traded down $0.58 on Friday, hitting $71.75. The company had a trading volume of 240,965 shares, compared to its average volume of 451,533. The company has a market cap of $3.29 billion, a PE ratio of 56.06, a PEG ratio of 0.75 and a beta of 0.62. Texas Capital Bancshares, Inc. has a 12-month low of $56.24 and a 12-month high of $91.80. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.22. The business's fifty day simple moving average is $69.78 and its 200 day simple moving average is $76.70.

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 company had revenue of $280.48 million during 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%. Equities research analysts expect that Texas Capital Bancshares, Inc. will post 5.84 EPS for the current year.

About Texas Capital Bancshares

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.