Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC decreased its holdings in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) by 15.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 234,577 shares of the bank's stock after selling 42,247 shares during the quarter. Fisher Asset Management LLC owned about 0.49% of Texas Capital Bancshares worth $15,161,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Wellington Management Group LLP lifted its holdings in shares of Texas Capital Bancshares by 78.0% in the 3rd quarter. Wellington Management Group LLP now owns 559,200 shares of the bank's stock worth $32,937,000 after acquiring an additional 245,074 shares during the last quarter. Louisiana State Employees Retirement System purchased a new position in shares of Texas Capital Bancshares during the fourth quarter valued at approximately $873,000. Walleye Capital LLC grew its stake in shares of Texas Capital Bancshares by 63.9% during the third quarter. Walleye Capital LLC now owns 174,311 shares of the bank's stock valued at $10,267,000 after buying an additional 67,964 shares during the last quarter. New York State Common Retirement Fund raised its holdings in shares of Texas Capital Bancshares by 131.9% in the third quarter. New York State Common Retirement Fund now owns 150,829 shares of the bank's stock worth $8,884,000 after buying an additional 85,793 shares during the period. Finally, First Dallas Securities Inc. bought a new stake in shares of Texas Capital Bancshares during the 3rd quarter worth approximately $1,178,000. Institutional investors own 96.88% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on TCBI shares. Hovde Group cut their price objective on 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. Barclays assumed coverage on shares of Texas Capital Bancshares in a research note on Friday, March 8th. They issued an "underweight" rating and a $47.00 price target on the stock. Truist Financial lowered their price objective on shares of Texas Capital Bancshares from $66.00 to $61.00 and set a "hold" rating for the company in a research report on Monday, April 22nd. Jefferies Financial Group decreased 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 research note on Monday, April 8th. Finally, JPMorgan Chase & Co. dropped their price objective on Texas Capital Bancshares from $70.00 to $65.00 and set an "underweight" rating on the stock in a research note on Thursday, April 4th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $63.58.

Texas Capital Bancshares Stock Up 1.3 %

TCBI traded up $0.76 on Monday, hitting $61.34. The company had a trading volume of 595,429 shares, compared to its average volume of 466,056. The stock has a market capitalization of $2.86 billion, a price-to-earnings ratio of 18.36, a P/E/G ratio of 2.15 and a beta of 1.17. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a fifty day moving average price of $58.91 and a 200-day moving average price of $59.07. Texas Capital Bancshares, Inc. has a 12-month low of $42.79 and a 12-month high of $66.18.

Insider Buying and Selling

In other Texas Capital Bancshares news, Director Thomas E. Long acquired 2,000 shares of the firm's stock in a transaction dated Tuesday, February 27th. The stock was purchased at an average price of $58.78 per share, for a total transaction of $117,560.00. Following the acquisition, the director now owns 7,542 shares in the company, valued at approximately $443,318.76. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.99% of the stock is currently 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.