Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Shares Sold by Man Group plc

Man Group plc cut its holdings in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) by 46.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,499 shares of the bank's stock after selling 5,649 shares during the quarter. Man Group plc's holdings in Texas Capital Bancshares were worth $508,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Barclays PLC grew its position in shares of Texas Capital Bancshares by 19.6% in the 3rd quarter. Barclays PLC now owns 108,950 shares of the bank's stock valued at $7,786,000 after buying an additional 17,863 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of Texas Capital Bancshares by 5.3% in the fourth quarter. Nisa Investment Advisors LLC now owns 8,948 shares of the bank's stock valued at $700,000 after acquiring an additional 450 shares in the last quarter. KBC Group NV boosted its holdings in shares of Texas Capital Bancshares by 64.2% in the fourth quarter. KBC Group NV now owns 2,172 shares of the bank's stock valued at $170,000 after acquiring an additional 849 shares in the last quarter. R Squared Ltd acquired a new stake in shares of Texas Capital Bancshares in the fourth quarter valued at about $41,000. Finally, SYM FINANCIAL Corp acquired a new stake in shares of Texas Capital Bancshares in the fourth quarter valued at about $204,000. 96.88% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Texas Capital Bancshares

In other news, Director Robert W. Stallings bought 500 shares of Texas Capital Bancshares stock in a transaction dated Wednesday, April 23rd. The shares were acquired at an average cost of $68.20 per share, with a total value of $34,100.00. Following the completion of the transaction, 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 position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last three months, insiders have bought 19,300 shares of company stock valued at $850,815. Corporate insiders own 1.72% of the company's stock.

Texas Capital Bancshares Trading Down 0.8%

TCBI traded down $0.58 during trading on Friday, hitting $71.75. 240,965 shares of the company's stock were exchanged, compared to its average volume of 451,847. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.22. Texas Capital Bancshares, Inc. has a 1 year low of $56.24 and a 1 year high of $91.80. The stock has a 50 day moving average price of $69.78 and a 200 day moving average price of $76.62. The firm has a market cap of $3.29 billion, a P/E ratio of 56.06, a price-to-earnings-growth ratio of 0.75 and a beta of 0.62.

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

Wall Street Analyst Weigh In

TCBI has been the subject of a number of research reports. Raymond James cut 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. Hovde Group lowered their price target on shares of Texas Capital Bancshares from $84.00 to $75.00 and set a "market perform" rating for the company in a report on Monday, April 21st. Barclays lowered their price target on shares of Texas Capital Bancshares from $73.00 to $70.00 and set an "underweight" rating for the company in a report on Tuesday, April 8th. Wall Street Zen upgraded shares of Texas Capital Bancshares from a "sell" rating to a "hold" rating in a report on Friday, January 31st. Finally, Stephens lowered their price target on shares of Texas Capital Bancshares from $95.00 to $90.00 and set an "overweight" rating for the company in a report on Monday, April 21st. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target 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.