Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC reduced its stake in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) by 3.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 397,089 shares of the bank's stock after selling 14,532 shares during the period. Nuveen Asset Management LLC owned approximately 0.86% of Texas Capital Bancshares worth $31,052,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

Several equities research analysts have commented on TCBI shares. Wall Street Zen upgraded shares of Texas Capital Bancshares from a "sell" rating to a "hold" rating in a research report on Friday, January 31st. Stephens decreased their target price 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. Keefe, Bruyette & Woods decreased their price objective on shares of Texas Capital Bancshares from $92.00 to $86.00 and set an "outperform" rating on the stock in a research report on Monday, April 21st. DA Davidson decreased their price objective on shares of Texas Capital Bancshares from $81.00 to $76.00 and set a "neutral" rating on the stock in a research report on Monday, April 21st. Finally, Hovde Group decreased their price objective on shares of Texas Capital Bancshares from $84.00 to $75.00 and set a "market perform" rating on the stock in a research report on Monday, April 21st. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $78.00.

Texas Capital Bancshares Trading Down 0.8%

NASDAQ:TCBI traded down $0.61 on Friday, reaching $71.44. The stock had a trading volume of 453,986 shares, compared to its average volume of 450,553. The company has a market cap of $3.28 billion, a price-to-earnings ratio of 55.81, a P/E/G ratio of 0.75 and a beta of 0.62. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.00 and a quick ratio of 1.00. The firm's fifty day moving average is $70.22 and its two-hundred day moving average is $77.12. Texas Capital Bancshares, Inc. has a 12-month low of $56.24 and a 12-month high of $91.80.

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

Insider Buying and Selling at Texas Capital Bancshares

In other news, Director Robert W. Stallings bought 500 shares of Texas Capital Bancshares stock in a transaction on Wednesday, April 23rd. The shares were bought at an average cost of $68.20 per share, for a total transaction of $34,100.00. Following the acquisition, the director now owns 289,961 shares in the company, valued at approximately $19,775,340.20. This trade represents a 0.17% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In the last ninety days, insiders have bought 19,300 shares of company stock worth $850,815. Corporate 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.