Invesco Ltd. Lowers Stake in Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Invesco Ltd. lessened its stake in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) by 12.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 515,138 shares of the bank's stock after selling 70,854 shares during the quarter. Invesco Ltd. owned about 1.11% of Texas Capital Bancshares worth $40,284,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Texas Capital Bancshares by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 4,697,274 shares of the bank's stock worth $367,327,000 after purchasing an additional 20,245 shares during the period. Geode Capital Management LLC increased its holdings in Texas Capital Bancshares by 1.2% during the third quarter. Geode Capital Management LLC now owns 1,145,271 shares of the bank's stock valued at $81,856,000 after buying an additional 13,022 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Texas Capital Bancshares by 22.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 744,833 shares of the bank's stock valued at $58,246,000 after acquiring an additional 138,734 shares during the period. William Blair Investment Management LLC increased its stake in shares of Texas Capital Bancshares by 2.5% in the 4th quarter. William Blair Investment Management LLC now owns 627,890 shares of the bank's stock worth $49,101,000 after purchasing an additional 15,320 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Texas Capital Bancshares by 0.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 572,539 shares of the bank's stock worth $44,773,000 after purchasing an additional 1,700 shares during the period. 96.88% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

TCBI has been the subject of several recent analyst reports. Raymond James dropped 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 report on Monday. Barclays decreased their target price on Texas Capital Bancshares from $73.00 to $70.00 and set an "underweight" rating on the stock in a research note on Tuesday, April 8th. JPMorgan Chase & Co. cut their price objective on shares of Texas Capital Bancshares from $78.00 to $70.00 and set an "underweight" rating for the company in a report on Monday. Keefe, Bruyette & Woods lowered their target price on shares of Texas Capital Bancshares from $92.00 to $86.00 and set an "outperform" rating on the stock in a report on Monday. Finally, Piper Sandler dropped their target price on shares of Texas Capital Bancshares from $84.00 to $74.00 and set a "neutral" rating for the company in a research report on Monday. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, Texas Capital Bancshares currently has a consensus rating of "Hold" and an average price target of $76.64.

Texas Capital Bancshares Trading Up 2.6 %

TCBI traded up $1.68 on Tuesday, hitting $65.89. The company had a trading volume of 777,097 shares, compared to its average volume of 445,244. Texas Capital Bancshares, Inc. has a 12-month low of $56.24 and a 12-month high of $91.80. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.22. The business's fifty day simple moving average is $72.57 and its 200 day simple moving average is $77.98. The company has a market cap of $3.04 billion, a PE ratio of 51.48, a PEG ratio of 0.75 and a beta of 0.74.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last announced its earnings results on Thursday, April 17th. The bank reported $0.92 EPS for the quarter, missing analysts' consensus estimates 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 company had revenue of $280.48 million during the quarter, compared to analysts' expectations of $284.40 million. Equities research analysts expect that Texas Capital Bancshares, Inc. will post 5.84 EPS for the current year.

Insider Buying and Selling at Texas Capital Bancshares

In other Texas Capital Bancshares news, Director Robert W. Stallings bought 2,006 shares of the business's stock in a transaction dated Monday, January 27th. The shares were purchased at an average price of $20.99 per share, with a total value of $42,105.94. Following the completion of the purchase, the director now owns 182,899 shares in the company, valued at $3,839,050.01. This represents a 1.11 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders have bought 29,402 shares of company stock worth $653,787 over the last quarter. 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.