Jacobs Levy Equity Management Inc. Increases Holdings in Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Jacobs Levy Equity Management Inc. raised its holdings in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) by 7.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 330,898 shares of the bank's stock after purchasing an additional 22,676 shares during the quarter. Jacobs Levy Equity Management Inc. owned 0.72% of Texas Capital Bancshares worth $25,876,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Picton Mahoney Asset Management acquired a new stake in Texas Capital Bancshares during the 4th quarter valued at approximately $30,000. Assetmark Inc. acquired a new stake in Texas Capital Bancshares during the 4th quarter valued at approximately $32,000. Venturi Wealth Management LLC acquired a new stake in Texas Capital Bancshares during the 4th quarter valued at approximately $37,000. R Squared Ltd acquired a new stake in Texas Capital Bancshares during the 4th quarter valued at approximately $41,000. Finally, Aster Capital Management DIFC Ltd bought a new position in Texas Capital Bancshares during the 4th quarter worth approximately $115,000. Institutional investors and hedge funds own 96.88% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on TCBI. Barclays dropped their price target on Texas Capital Bancshares from $73.00 to $70.00 and set an "underweight" rating on the stock in a research report on Tuesday, April 8th. Keefe, Bruyette & Woods lowered their price target on Texas Capital Bancshares from $92.00 to $86.00 and set an "outperform" rating on the stock in a research report on Monday, April 21st. DA Davidson lowered their price target on Texas Capital Bancshares from $81.00 to $76.00 and set a "neutral" rating on the stock in a research report on Monday, April 21st. JPMorgan Chase & Co. reduced their price objective on Texas Capital Bancshares from $78.00 to $70.00 and set an "underweight" rating for the company in a research note on Monday, April 21st. Finally, Raymond James decreased 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. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Texas Capital Bancshares presently has a consensus rating of "Hold" and an average price target of $76.64.

Insider Activity at Texas Capital Bancshares

In other news, Director Robert W. Stallings bought 4,500 shares of the firm's stock in a transaction on Monday, April 21st. The stock was acquired at an average cost of $64.27 per share, with a total value of $289,215.00. Following the completion of the transaction, the director now directly owns 288,131 shares of the company's stock, valued at $18,518,179.37. This represents a 1.59% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last three months, insiders acquired 19,300 shares of company stock valued at $850,815. 1.72% of the stock is owned by insiders.

Texas Capital Bancshares Trading Down 1.1%

Shares of NASDAQ TCBI traded down $0.86 during trading on Friday, reaching $75.83. The company had a trading volume of 351,973 shares, compared to its average volume of 448,796. The company's fifty day moving average price is $70.27 and its 200-day moving average price is $77.30. Texas Capital Bancshares, Inc. has a 12 month low of $56.24 and a 12 month high of $91.80. The stock has a market cap of $3.48 billion, a P/E ratio of 59.24, a PEG ratio of 0.75 and a beta of 0.62. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.22.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last announced its quarterly earnings results on Thursday, April 17th. The bank reported $0.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.99 by ($0.07). The firm had revenue of $280.48 million during the quarter, compared to the consensus estimate of $284.40 million. Texas Capital Bancshares had a return on equity of 9.14% and a net margin of 3.99%. As a group, research analysts expect that Texas Capital Bancshares, Inc. will post 5.84 earnings per share for the current year.

About Texas Capital Bancshares

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.