William Blair Investment Management LLC Sells 45,804 Shares of Texas Capital Bancshares, Inc. $TCBI

William Blair Investment Management LLC lowered its stake in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) by 7.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 554,368 shares of the bank's stock after selling 45,804 shares during the period. William Blair Investment Management LLC owned 1.21% of Texas Capital Bancshares worth $44,017,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of TCBI. UMB Bank n.a. increased its position in Texas Capital Bancshares by 29.7% in the second quarter. UMB Bank n.a. now owns 756 shares of the bank's stock worth $60,000 after purchasing an additional 173 shares during the last quarter. Envestnet Asset Management Inc. increased its position in Texas Capital Bancshares by 1.9% in the first quarter. Envestnet Asset Management Inc. now owns 10,838 shares of the bank's stock worth $810,000 after purchasing an additional 207 shares during the last quarter. Tectonic Advisors LLC increased its position in Texas Capital Bancshares by 0.9% in the second quarter. Tectonic Advisors LLC now owns 32,668 shares of the bank's stock worth $2,594,000 after purchasing an additional 293 shares during the last quarter. Inspire Investing LLC increased its position in Texas Capital Bancshares by 6.4% in the second quarter. Inspire Investing LLC now owns 4,899 shares of the bank's stock worth $389,000 after purchasing an additional 294 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in Texas Capital Bancshares by 45.7% in the second quarter. GAMMA Investing LLC now owns 1,211 shares of the bank's stock worth $96,000 after purchasing an additional 380 shares during the last quarter. Institutional investors own 96.88% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Barclays set a $85.00 price target on shares of Texas Capital Bancshares and gave the stock an "underweight" rating in a research report on Wednesday, October 8th. Wall Street Zen upgraded shares of Texas Capital Bancshares from a "sell" rating to a "hold" rating in a research report on Sunday, July 13th. JPMorgan Chase & Co. boosted their price target on shares of Texas Capital Bancshares from $70.00 to $82.00 and gave the stock an "underweight" rating in a research report on Tuesday, July 1st. TD Cowen upgraded shares of Texas Capital Bancshares to a "hold" rating in a research report on Thursday, September 25th. Finally, Zacks Research lowered shares of Texas Capital Bancshares from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 9th. Three analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $84.27.

Texas Capital Bancshares Stock Up 2.3%

NASDAQ TCBI opened at $78.89 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.19. The company has a fifty day moving average of $85.07 and a two-hundred day moving average of $78.91. The firm has a market capitalization of $3.61 billion, a price-to-earnings ratio of 31.31, a PEG ratio of 0.63 and a beta of 0.67. Texas Capital Bancshares, Inc. has a 52 week low of $59.37 and a 52 week high of $94.61.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last issued its 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. The firm had revenue of $307.46 million during the quarter, compared to analyst estimates of $298.90 million. Texas Capital Bancshares had a net margin of 6.79% and a return on equity of 10.36%. During the same period in the previous year, the firm earned $0.80 earnings per share. On average, analysts predict that Texas Capital Bancshares, Inc. will post 5.84 earnings per share 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.

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