New York State Common Retirement Fund Purchases 56,243 Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

New York State Common Retirement Fund grew its stake in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) by 37.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 207,072 shares of the bank's stock after buying an additional 56,243 shares during the period. New York State Common Retirement Fund owned 0.43% of Texas Capital Bancshares worth $13,383,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wellington Management Group LLP increased its position in shares of Texas Capital Bancshares by 78.0% in the third quarter. Wellington Management Group LLP now owns 559,200 shares of the bank's stock worth $32,937,000 after purchasing an additional 245,074 shares during the last quarter. Louisiana State Employees Retirement System bought a new position in shares of Texas Capital Bancshares in the fourth quarter worth approximately $873,000. Walleye Capital LLC increased its position in shares of Texas Capital Bancshares by 63.9% in the third quarter. Walleye Capital LLC now owns 174,311 shares of the bank's stock worth $10,267,000 after purchasing an additional 67,964 shares during the last quarter. First Dallas Securities Inc. bought a new position in shares of Texas Capital Bancshares in the third quarter worth approximately $1,178,000. Finally, North Reef Capital Management LP increased its position in shares of Texas Capital Bancshares by 99.2% in the third quarter. North Reef Capital Management LP now owns 1,450,000 shares of the bank's stock worth $85,405,000 after purchasing an additional 722,250 shares during the last quarter. 96.88% of the stock is currently owned by institutional investors.

Texas Capital Bancshares Trading Down 1.2 %

Shares of NASDAQ:TCBI traded down $0.67 during trading on Tuesday, reaching $57.40. 405,365 shares of the company traded hands, compared to its average volume of 462,859. The business's fifty day moving average is $58.91 and its 200-day moving average is $59.05. Texas Capital Bancshares, Inc. has a 52-week low of $42.79 and a 52-week high of $66.18. The firm has a market capitalization of $2.68 billion, a price-to-earnings ratio of 17.60, a P/E/G ratio of 2.07 and a beta of 1.19. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.30.

Wall Street Analysts Forecast Growth

TCBI has been the topic of several research analyst reports. UBS Group upped their price objective on shares of Texas Capital Bancshares from $56.00 to $57.00 and gave the stock a "sell" rating in a research report on Tuesday, January 23rd. JPMorgan Chase & Co. reduced their price target on shares of Texas Capital Bancshares from $70.00 to $65.00 and set an "underweight" rating on the stock in a research report on Thursday, April 4th. Citigroup reduced their price target on shares of Texas Capital Bancshares from $66.00 to $64.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 13th. Royal Bank of Canada reduced their price target on shares of Texas Capital Bancshares from $68.00 to $66.00 and set a "sector perform" rating on the stock in a research report on Tuesday, April 9th. Finally, Hovde Group reduced their price target on shares of Texas Capital Bancshares from $87.50 to $61.50 and set a "market perform" rating on the stock in a research report on Friday, April 19th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Texas Capital Bancshares has a consensus rating of "Hold" and an average target price of $63.58.

Insider Buying and Selling

In other Texas Capital Bancshares news, Director Robert W. Stallings purchased 5,000 shares of the company's stock in a transaction that occurred on Friday, February 2nd. The stock was bought at an average price of $18.81 per share, with a total value of $94,050.00. Following the completion of the purchase, the director now directly owns 140,706 shares of the company's stock, valued at approximately $2,646,679.86. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Texas Capital Bancshares news, Director Robert W. Stallings purchased 5,000 shares of the company's stock in a transaction that occurred on Friday, February 2nd. The stock was bought at an average price of $18.81 per share, with a total value of $94,050.00. Following the completion of the purchase, the director now directly owns 140,706 shares of the company's stock, valued at approximately $2,646,679.86. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Thomas E. Long purchased 2,000 shares of the company's stock in a transaction that occurred on Tuesday, February 27th. The stock was acquired at an average cost of $58.78 per share, with a total value of $117,560.00. Following the purchase, the director now directly owns 7,542 shares of the company's stock, valued at $443,318.76. The disclosure for this purchase can be found here. Insiders acquired 17,000 shares of company stock valued at $403,170 over the last quarter. 1.53% of the stock is owned by company insiders.

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.