Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Shares Sold by First Trust Advisors LP

First Trust Advisors LP cut its stake in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) by 31.0% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 48,753 shares of the bank's stock after selling 21,948 shares during the period. First Trust Advisors LP owned about 0.11% of Texas Capital Bancshares worth $3,812,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in TCBI. Amalgamated Bank boosted its stake in shares of Texas Capital Bancshares by 0.8% in the fourth quarter. Amalgamated Bank now owns 20,791 shares of the bank's stock worth $1,626,000 after acquiring an additional 166 shares during the last quarter. Xponance Inc. boosted its position in shares of Texas Capital Bancshares by 4.8% during the 4th quarter. Xponance Inc. now owns 6,569 shares of the bank's stock valued at $514,000 after acquiring an additional 300 shares during the last quarter. Savant Capital LLC grew its holdings in shares of Texas Capital Bancshares by 5.7% in the fourth quarter. Savant Capital LLC now owns 5,604 shares of the bank's stock valued at $438,000 after purchasing an additional 303 shares during the period. Picton Mahoney Asset Management acquired a new stake in Texas Capital Bancshares during the fourth quarter worth about $30,000. Finally, LPL Financial LLC increased its position in Texas Capital Bancshares by 4.6% during the fourth quarter. LPL Financial LLC now owns 8,776 shares of the bank's stock worth $686,000 after purchasing an additional 382 shares during the last quarter. 96.88% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Texas Capital Bancshares

In other Texas Capital Bancshares news, Director Robert W. Stallings bought 4,500 shares of the stock in a transaction dated Monday, April 21st. The shares were acquired at an average cost of $64.27 per share, for a total transaction of $289,215.00. Following the completion of the transaction, the director now owns 288,131 shares in the company, valued at approximately $18,518,179.37. The trade was a 1.59 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders purchased 19,000 shares of company stock worth $844,815 over the last 90 days. Corporate insiders own 1.72% of the company's stock.

Texas Capital Bancshares Stock Up 1.7 %

NASDAQ:TCBI traded up $1.16 during trading hours on Thursday, hitting $71.21. The company's stock had a trading volume of 34,683 shares, compared to its average volume of 444,920. Texas Capital Bancshares, Inc. has a 52-week low of $56.24 and a 52-week high of $91.80. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $3.27 billion, a P/E ratio of 55.63, a price-to-earnings-growth ratio of 0.75 and a beta of 0.62. The stock has a fifty day moving average of $70.13 and a 200-day moving average of $77.41.

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 for the quarter, missing analysts' consensus estimates of $0.99 by ($0.07). The company had revenue of $280.48 million for 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, equities analysts forecast that Texas Capital Bancshares, Inc. will post 5.84 earnings per share for the current year.

Wall Street Analyst Weigh In

TCBI has been the subject of several analyst reports. DA Davidson dropped their price target on shares of Texas Capital Bancshares from $81.00 to $76.00 and set a "neutral" rating for the company in a research note on Monday, April 21st. Hovde Group cut their target price on Texas Capital Bancshares from $84.00 to $75.00 and set a "market perform" rating for the company in a research note on Monday, April 21st. JPMorgan Chase & Co. reduced their target price on Texas Capital Bancshares from $78.00 to $70.00 and set an "underweight" rating on the stock in a research report on Monday, April 21st. Barclays lowered their price target on Texas Capital Bancshares from $73.00 to $70.00 and set an "underweight" rating for the company in a report on Tuesday, April 8th. Finally, Piper Sandler decreased their target price on shares of Texas Capital Bancshares from $84.00 to $74.00 and set a "neutral" rating on the stock in a research report on Monday, April 21st. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $76.64.

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.