Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Stock Holdings Increased by MetLife Investment Management LLC

MetLife Investment Management LLC boosted its stake in Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) by 8.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 53,326 shares of the bank's stock after purchasing an additional 3,934 shares during the quarter. MetLife Investment Management LLC owned about 0.12% of Texas Capital Bancshares worth $4,170,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of TCBI. US Bancorp DE lifted its position in Texas Capital Bancshares by 1,575.0% during the fourth quarter. US Bancorp DE now owns 10,519 shares of the bank's stock valued at $823,000 after buying an additional 9,891 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Texas Capital Bancshares by 37.5% during the 4th quarter. Victory Capital Management Inc. now owns 96,397 shares of the bank's stock valued at $7,538,000 after acquiring an additional 26,294 shares in the last quarter. Barclays PLC increased its holdings in Texas Capital Bancshares by 19.6% in the 3rd quarter. Barclays PLC now owns 108,950 shares of the bank's stock valued at $7,786,000 after purchasing an additional 17,863 shares in the last quarter. Martingale Asset Management L P purchased a new position in Texas Capital Bancshares in the fourth quarter valued at about $1,329,000. Finally, Proficio Capital Partners LLC acquired a new position in shares of Texas Capital Bancshares during the fourth quarter worth about $1,688,000. Institutional investors and hedge funds own 96.88% of the company's stock.

Texas Capital Bancshares Stock Performance

Shares of NASDAQ:TCBI traded up $0.83 on Thursday, reaching $68.98. 78,758 shares of the company's stock were exchanged, compared to its average volume of 445,505. Texas Capital Bancshares, Inc. has a fifty-two week low of $56.24 and a fifty-two week high of $91.80. The business's 50-day moving average is $71.00 and its two-hundred day moving average is $77.71. 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 firm has a market capitalization of $3.17 billion, a price-to-earnings ratio of 54.07, a PEG ratio of 0.75 and a beta of 0.74.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last issued 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). The company had revenue of $280.48 million during 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, equities research analysts forecast that Texas Capital Bancshares, Inc. will post 5.84 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently weighed in on TCBI shares. Stephens decreased their target price on shares of 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 decreased their price objective on shares of Texas Capital Bancshares from $73.00 to $70.00 and set an "underweight" rating for the company in a research report on Tuesday, April 8th. DA Davidson dropped their target price 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. Hovde Group reduced their price target on Texas Capital Bancshares from $84.00 to $75.00 and set a "market perform" rating for the company in a report on Monday, April 21st. Finally, JPMorgan Chase & Co. lowered 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. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $76.64.

Insiders Place Their Bets

In other news, Director Robert W. Stallings purchased 7,000 shares of the stock in a transaction dated Tuesday, February 4th. The stock was acquired at an average price of $21.10 per share, for a total transaction of $147,700.00. Following the completion of the transaction, the director now owns 202,413 shares of the company's stock, valued at approximately $4,270,914.30. The trade was a 3.58 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have purchased 32,000 shares of company stock valued at $1,121,905 over the last three months. Company 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.