Louisiana State Employees Retirement System Acquires New Holdings in Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Louisiana State Employees Retirement System purchased a new position in Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 13,500 shares of the bank's stock, valued at approximately $873,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Keener Financial Planning LLC bought a new position in shares of Texas Capital Bancshares during the 4th quarter worth about $139,000. Turtle Creek Wealth Advisors LLC bought a new position in shares of Texas Capital Bancshares during the 4th quarter worth about $775,000. Tectonic Advisors LLC lifted its holdings in shares of Texas Capital Bancshares by 20.3% during the 4th quarter. Tectonic Advisors LLC now owns 18,327 shares of the bank's stock worth $1,184,000 after acquiring an additional 3,094 shares during the period. Pacer Advisors Inc. lifted its holdings in shares of Texas Capital Bancshares by 80.4% during the 4th quarter. Pacer Advisors Inc. now owns 7,214 shares of the bank's stock worth $466,000 after acquiring an additional 3,216 shares during the period. Finally, Moody National Bank Trust Division lifted its holdings in shares of Texas Capital Bancshares by 71.5% during the 4th quarter. Moody National Bank Trust Division now owns 11,498 shares of the bank's stock worth $743,000 after acquiring an additional 4,795 shares during the period. 96.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on TCBI shares. Citigroup cut their price target on shares of Texas Capital Bancshares from $66.00 to $64.00 and set a "neutral" rating for the company in a report on Wednesday, March 13th. Jefferies Financial Group cut their price target on shares of Texas Capital Bancshares from $70.00 to $61.00 and set a "hold" rating for the company in a report on Monday, April 8th. Truist Financial cut their price target on shares of Texas Capital Bancshares from $66.00 to $61.00 and set a "hold" rating for the company in a report on Monday. Royal Bank of Canada lowered their price objective on shares of Texas Capital Bancshares from $68.00 to $66.00 and set a "sector perform" rating for the company in a research report on Tuesday, April 9th. Finally, Mizuho restated a "hold" rating and issued a $66.00 price objective (down previously from $72.00) on shares of Texas Capital Bancshares in a research report on Monday, April 1st. Four analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $63.58.

Texas Capital Bancshares Trading Down 1.4 %

Shares of NASDAQ:TCBI traded down $0.80 during trading on Friday, hitting $57.81. 329,693 shares of the company's stock were exchanged, compared to its average volume of 465,991. Texas Capital Bancshares, Inc. has a 1-year low of $42.79 and a 1-year high of $66.18. The firm has a 50-day moving average price of $58.94 and a two-hundred day moving average price of $59.05. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.30. The firm has a market cap of $2.70 billion, a P/E ratio of 17.52, a PEG ratio of 2.15 and a beta of 1.19.

Insider Transactions at Texas Capital Bancshares

In other Texas Capital Bancshares news, Director Robert W. Stallings purchased 5,000 shares of the stock in a transaction dated Friday, February 2nd. The stock was bought at an average price of $18.81 per share, for a total transaction of $94,050.00. Following the transaction, the director now directly owns 140,706 shares in the company, valued at $2,646,679.86. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Robert W. Stallings acquired 5,000 shares of the firm's stock in a transaction that occurred on Friday, February 2nd. The stock was purchased at an average price of $18.81 per share, for a total transaction of $94,050.00. Following the completion of the acquisition, the director now owns 140,706 shares in the company, valued at $2,646,679.86. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robert W. Stallings acquired 4,000 shares of the firm's stock in a transaction that occurred on Wednesday, January 31st. The shares were purchased at an average price of $19.93 per share, with a total value of $79,720.00. Following the acquisition, the director now owns 131,706 shares of the company's stock, valued at approximately $2,624,900.58. The disclosure for this purchase can be found here. Insiders acquired a total of 18,000 shares of company stock worth $422,650 in the last quarter. 0.99% of the stock is owned by company insiders.

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.