Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Shares Sold by Granahan Investment Management LLC

Granahan Investment Management LLC lowered its position in Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) by 18.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 259,685 shares of the bank's stock after selling 59,658 shares during the quarter. Granahan Investment Management LLC owned approximately 0.56% of Texas Capital Bancshares worth $20,307,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TCBI. Barclays PLC lifted its stake in Texas Capital Bancshares by 19.6% in the third 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. Moody National Bank Trust Division lifted its stake in Texas Capital Bancshares by 9.5% in the fourth quarter. Moody National Bank Trust Division now owns 17,371 shares of the bank's stock valued at $1,358,000 after buying an additional 1,508 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in shares of Texas Capital Bancshares by 5.3% during the fourth quarter. Nisa Investment Advisors LLC now owns 8,948 shares of the bank's stock worth $700,000 after purchasing an additional 450 shares during the last quarter. KBC Group NV raised its stake in shares of Texas Capital Bancshares by 64.2% during the fourth quarter. KBC Group NV now owns 2,172 shares of the bank's stock worth $170,000 after purchasing an additional 849 shares during the last quarter. Finally, R Squared Ltd purchased a new stake in shares of Texas Capital Bancshares during the fourth quarter worth approximately $41,000. Hedge funds and other institutional investors own 96.88% of the company's stock.

Insider Activity at Texas Capital Bancshares

In related news, Director Robert W. Stallings acquired 7,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The shares were acquired at an average price of $20.43 per share, with a total value of $143,010.00. Following the completion of the purchase, the director now directly owns 49,500 shares in the company, valued at approximately $1,011,285. The trade was a 16.47% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have purchased a total of 19,300 shares of company stock valued at $850,815 over the last quarter. Insiders own 1.72% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Hovde Group cut their price target 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. Stephens cut their price target on Texas Capital Bancshares from $95.00 to $90.00 and set an "overweight" rating for the company in a research note on Monday, April 21st. Barclays dropped their price objective on Texas Capital Bancshares from $73.00 to $70.00 and set an "underweight" rating on the stock in a report on Tuesday, April 8th. Piper Sandler dropped their price objective on Texas Capital Bancshares from $84.00 to $74.00 and set a "neutral" rating on the stock in a report on Monday, April 21st. Finally, DA Davidson dropped their price objective on Texas Capital Bancshares from $81.00 to $76.00 and set a "neutral" rating on the stock in a report on Monday, April 21st. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $76.64.

Texas Capital Bancshares Price Performance

Texas Capital Bancshares stock traded up $2.56 during trading hours on Monday, hitting $75.41. The stock had a trading volume of 439,850 shares, compared to its average volume of 447,350. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a market capitalization of $3.46 billion, a price-to-earnings ratio of 58.91, a PEG ratio of 0.75 and a beta of 0.62. Texas Capital Bancshares, Inc. has a 1-year low of $56.24 and a 1-year high of $91.80. The stock's fifty day moving average is $69.98 and its two-hundred day moving average is $77.34.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last posted its quarterly earnings data on Thursday, April 17th. The bank reported $0.92 EPS 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 net margin of 3.99% and a return on equity of 9.14%. As a group, analysts predict that Texas Capital Bancshares, Inc. will post 5.84 earnings per share for the current fiscal year.

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.