New York State Common Retirement Fund Purchases 7,254 Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

New York State Common Retirement Fund grew its holdings in Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) by 4.4% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 171,879 shares of the bank's stock after acquiring an additional 7,254 shares during the quarter. New York State Common Retirement Fund owned about 0.37% of Texas Capital Bancshares worth $12,839,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. UMB Bank n.a. lifted its position in shares of Texas Capital Bancshares by 1,089.8% during the 1st quarter. UMB Bank n.a. now owns 583 shares of the bank's stock valued at $44,000 after acquiring an additional 534 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Texas Capital Bancshares by 127.0% during the 1st quarter. GAMMA Investing LLC now owns 831 shares of the bank's stock worth $62,000 after purchasing an additional 465 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new position in shares of Texas Capital Bancshares in the fourth quarter worth about $115,000. Sterling Capital Management LLC increased its holdings in Texas Capital Bancshares by 819.9% in the fourth 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 in the last quarter. Finally, United Capital Financial Advisors LLC bought a new position in Texas Capital Bancshares during the fourth quarter valued at about $202,000. Institutional investors and hedge funds own 96.88% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on TCBI shares. Raymond James Financial reduced their target price on shares of Texas Capital Bancshares from $87.00 to $80.00 and set an "outperform" rating for the company in a research report on Monday, April 21st. DA Davidson dropped their target price 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. Jefferies Financial Group set a $80.00 price objective on shares of Texas Capital Bancshares and gave the stock a "hold" rating in a research report on Wednesday, May 21st. Hovde Group raised their price objective on Texas Capital Bancshares from $75.00 to $95.00 and gave the company a "market perform" rating in a report on Friday. Finally, Keefe, Bruyette & Woods raised their price target on Texas Capital Bancshares from $86.00 to $100.00 and gave the stock an "outperform" rating in a report on Monday. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $83.50.

Insider Buying and Selling

In other news, Director Robert W. Stallings purchased 10,500 shares of the stock in a transaction that occurred on Wednesday, June 11th. The stock was bought at an average cost of $20.28 per share, for a total transaction of $212,940.00. Following the acquisition, the director directly owned 60,000 shares of the company's stock, valued at $1,216,800. This represents a 21.21% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Over the last 90 days, insiders bought 25,300 shares of company stock worth $769,990. 1.72% of the stock is currently owned by insiders.

Texas Capital Bancshares Price Performance

Shares of Texas Capital Bancshares stock traded down $0.29 on Monday, reaching $89.44. The company's stock had a trading volume of 597,811 shares, compared to its average volume of 463,009. Texas Capital Bancshares, Inc. has a 52-week low of $56.24 and a 52-week high of $94.61. The company has a market capitalization of $4.09 billion, a P/E ratio of 35.49, a PEG ratio of 0.88 and a beta of 0.66. The stock has a 50-day moving average price of $78.23 and a 200-day moving average price of $75.66. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.19.

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