Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. increased its stake in Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) by 22.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 117,828 shares of the bank's stock after acquiring an additional 21,431 shares during the period. Victory Capital Management Inc. owned approximately 0.26% of Texas Capital Bancshares worth $8,802,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. boosted its position in shares of Texas Capital Bancshares by 1.9% during the first quarter. Envestnet Asset Management Inc. now owns 10,838 shares of the bank's stock valued at $810,000 after buying an additional 207 shares during the period. Moody National Bank Trust Division boosted its position in shares of Texas Capital Bancshares by 1.5% during the first quarter. Moody National Bank Trust Division now owns 17,626 shares of the bank's stock valued at $1,317,000 after buying an additional 255 shares during the period. Beacon Pointe Advisors LLC boosted its position in shares of Texas Capital Bancshares by 1.9% during the fourth quarter. Beacon Pointe Advisors LLC now owns 18,825 shares of the bank's stock valued at $1,472,000 after buying an additional 350 shares during the period. LPL Financial LLC boosted its position in shares of Texas Capital Bancshares by 4.6% during the fourth quarter. LPL Financial LLC now owns 8,776 shares of the bank's stock valued at $686,000 after buying an additional 382 shares during the period. Finally, Coldstream Capital Management Inc. boosted its position in shares of Texas Capital Bancshares by 9.7% during the fourth quarter. Coldstream Capital Management Inc. now owns 4,729 shares of the bank's stock valued at $370,000 after buying an additional 420 shares during the period. Hedge funds and other institutional investors own 96.88% of the company's stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Raymond James Financial dropped their target price on 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. Jefferies Financial Group set a $80.00 target price on Texas Capital Bancshares and gave the company a "hold" rating in a research report on Wednesday, May 21st. Citigroup boosted their target price on Texas Capital Bancshares from $69.00 to $79.00 and gave the company a "sell" rating in a research report on Friday, July 18th. Hovde Group lifted their price target on shares of Texas Capital Bancshares from $75.00 to $95.00 and gave the company a "market perform" rating in a research note on Friday, July 18th. Finally, Keefe, Bruyette & Woods boosted their price target on Texas Capital Bancshares from $86.00 to $100.00 and gave the company an "outperform" rating in a report on Monday, July 21st. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $83.50.

Texas Capital Bancshares Stock Up 0.6%

Shares of NASDAQ:TCBI traded up $0.51 on Monday, reaching $85.81. The company had a trading volume of 23,843 shares, compared to its average volume of 499,441. Texas Capital Bancshares, Inc. has a 52-week low of $56.24 and a 52-week high of $94.61. The firm's 50 day simple moving average is $79.41 and its 200-day simple moving average is $76.03. The firm has a market capitalization of $3.93 billion, a PE ratio of 34.14, a PEG ratio of 0.78 and a beta of 0.66. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.19.

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

Insider Activity

In other Texas Capital Bancshares news, Director Robert W. Stallings purchased 10,500 shares of Texas Capital Bancshares stock in a transaction dated Wednesday, June 11th. The shares were acquired at an average cost of $20.28 per share, with a total value of $212,940.00. Following the completion of the transaction, the director owned 60,000 shares in the company, valued at approximately $1,216,800. This trade represents a 21.21% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last quarter, insiders acquired 19,800 shares of company stock valued at $397,090. Company 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.