Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. increased its holdings in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) by 0.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,820,025 shares of the bank's stock after acquiring an additional 25,113 shares during the period. Vanguard Group Inc. owned approximately 10.04% of Texas Capital Bancshares worth $283,899,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of TCBI. Raymond James Financial Services Advisors Inc. acquired a new stake in Texas Capital Bancshares in the 1st quarter worth about $261,000. HighTower Advisors LLC boosted its holdings in Texas Capital Bancshares by 3.7% in the 1st quarter. HighTower Advisors LLC now owns 9,383 shares of the bank's stock worth $537,000 after buying an additional 337 shares during the last quarter. Natixis Advisors L.P. boosted its holdings in Texas Capital Bancshares by 3.1% in the 1st quarter. Natixis Advisors L.P. now owns 10,722 shares of the bank's stock worth $614,000 after buying an additional 326 shares during the last quarter. MetLife Investment Management LLC boosted its holdings in Texas Capital Bancshares by 39.3% in the 1st quarter. MetLife Investment Management LLC now owns 58,686 shares of the bank's stock worth $3,363,000 after buying an additional 16,567 shares during the last quarter. Finally, Rhumbline Advisers boosted its holdings in Texas Capital Bancshares by 0.8% in the 1st quarter. Rhumbline Advisers now owns 163,297 shares of the bank's stock worth $9,359,000 after buying an additional 1,327 shares during the last quarter. 96.88% of the stock is currently owned by institutional investors and hedge funds.

Texas Capital Bancshares Trading Up 1.3 %

NASDAQ TCBI traded up $0.78 on Friday, reaching $61.55. The stock had a trading volume of 467,071 shares, compared to its average volume of 409,720. The firm has a market capitalization of $2.92 billion, a price-to-earnings ratio of 17.39, a P/E/G ratio of 2.07 and a beta of 1.18. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.30. Texas Capital Bancshares, Inc. has a 12-month low of $42.79 and a 12-month high of $66.18. The stock has a fifty day moving average price of $59.98 and a two-hundred day moving average price of $59.25.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last announced its earnings results on Thursday, January 18th. The bank reported $0.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.57 by ($0.24). The firm had revenue of $245.85 million during the quarter, compared to analysts' expectations of $251.96 million. Texas Capital Bancshares had a net margin of 10.56% and a return on equity of 7.28%. During the same period in the previous year, the firm earned $0.87 EPS. As a group, sell-side analysts forecast that Texas Capital Bancshares, Inc. will post 3.67 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on TCBI. Barclays began coverage on shares of Texas Capital Bancshares in a research note on Friday, March 8th. They issued an "underweight" rating and a $47.00 target price on the stock. Citigroup decreased their target price on shares of Texas Capital Bancshares from $66.00 to $64.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 13th. Truist Financial raised their target price on shares of Texas Capital Bancshares from $70.00 to $72.00 and gave the stock a "buy" rating in a research note on Monday, January 22nd. Raymond James lifted their price target on shares of Texas Capital Bancshares from $69.00 to $70.00 and gave the company an "outperform" rating in a research report on Friday, January 19th. Finally, Wedbush reduced their price target on shares of Texas Capital Bancshares from $70.00 to $68.00 and set a "neutral" rating on the stock in a research report on Friday, January 19th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Texas Capital Bancshares currently has a consensus rating of "Hold" and a consensus target price of $64.50.

Insiders Place Their Bets

In other Texas Capital Bancshares news, Director Thomas E. Long purchased 2,000 shares of the company's stock in a transaction on Tuesday, February 27th. The stock was acquired at an average price of $58.78 per share, for a total transaction of $117,560.00. Following the completion of the purchase, the director now directly owns 7,542 shares in the company, valued at approximately $443,318.76. The purchase was disclosed in a filing with the SEC, which is available through this link. In other news, Director Robert W. Stallings bought 5,000 shares of the stock in a transaction that occurred on Monday, January 22nd. The stock was purchased at an average price of $18.95 per share, for a total transaction of $94,750.00. Following the completion of the purchase, the director now owns 101,706 shares in the company, valued at approximately $1,927,328.70. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Thomas E. Long bought 2,000 shares of the stock in a transaction that occurred on Tuesday, February 27th. The shares were purchased at an average price of $58.78 per share, with a total value of $117,560.00. Following the purchase, the director now owns 7,542 shares of the company's stock, valued at approximately $443,318.76. The disclosure for this purchase can be found here. Insiders acquired a total of 28,000 shares of company stock worth $612,850 over the last 90 days. Corporate insiders own 0.99% of the company's stock.

Texas Capital Bancshares Company 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.