35,996 Shares in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Acquired by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio bought a new stake in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 35,996 shares of the bank's stock, valued at approximately $2,815,000. Public Employees Retirement System of Ohio owned approximately 0.08% of Texas Capital Bancshares as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Texas Capital Bancshares by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 4,697,274 shares of the bank's stock valued at $367,327,000 after buying an additional 20,245 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its stake 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 buying an additional 28,282 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake 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 buying an additional 138,734 shares in the last quarter. Northern Trust Corp boosted its stake 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 buying an additional 70,804 shares in the last quarter. Finally, William Blair Investment Management LLC boosted its stake 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 buying an additional 15,320 shares in the last quarter. Institutional investors own 96.88% of the company's stock.

Texas Capital Bancshares Stock Down 0.7%

Texas Capital Bancshares stock traded down $0.51 during mid-day trading on Wednesday, hitting $72.13. The company's stock had a trading volume of 234,487 shares, compared to its average volume of 451,265. The firm's 50 day moving average is $69.60 and its 200 day moving average is $76.37. The company has a market cap of $3.31 billion, a PE ratio of 56.35, a price-to-earnings-growth ratio of 0.75 and a beta of 0.65. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.00 and a quick ratio of 1.00. Texas Capital Bancshares, Inc. has a 52-week low of $56.24 and a 52-week high of $91.80.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last issued its earnings results on Thursday, April 17th. The bank reported $0.92 earnings per share for the quarter, missing the consensus estimate of $0.99 by ($0.07). The firm had revenue of $280.48 million during 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%. On average, analysts anticipate that Texas Capital Bancshares, Inc. will post 5.84 earnings per share for the current year.

Insider Activity

In other news, Director Robert W. Stallings acquired 500 shares of Texas Capital Bancshares stock in a transaction on 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 transaction, the director now owns 289,961 shares of the company's stock, valued at $19,775,340.20. The trade was a 0.17% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. In the last quarter, insiders have purchased 19,300 shares of company stock valued at $846,265. Insiders own 1.72% of the company's stock.

Analyst Upgrades and Downgrades

TCBI has been the subject of several analyst reports. Jefferies Financial Group set a $80.00 target price on Texas Capital Bancshares and gave the company a "hold" rating in a report on Wednesday, May 21st. Piper Sandler reduced their target price on Texas Capital Bancshares from $84.00 to $74.00 and set a "neutral" rating for the company in a report on Monday, April 21st. Raymond James reduced their target price on Texas Capital Bancshares from $87.00 to $80.00 and set an "outperform" rating for the company in a report on Monday, April 21st. Stephens reduced their target price on Texas Capital Bancshares from $95.00 to $90.00 and set an "overweight" rating for the company in a report on Monday, April 21st. Finally, Keefe, Bruyette & Woods reduced their target price on Texas Capital Bancshares from $92.00 to $86.00 and set an "outperform" rating for the company in a report on Monday, April 21st. Three 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 MarketBeat, Texas Capital Bancshares presently has a consensus rating of "Hold" and an average target price of $78.00.

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.