Dimensional Fund Advisors LP Acquires 80,311 Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Dimensional Fund Advisors LP lifted its stake in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) by 2.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,265,085 shares of the bank's stock after purchasing an additional 80,311 shares during the period. Dimensional Fund Advisors LP owned approximately 6.80% of Texas Capital Bancshares worth $211,025,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Headlands Technologies LLC raised its holdings in Texas Capital Bancshares by 41.9% during the 4th quarter. Headlands Technologies LLC now owns 1,613 shares of the bank's stock worth $104,000 after buying an additional 476 shares during the period. Strs Ohio lifted its position in shares of Texas Capital Bancshares by 133.3% in the 3rd quarter. Strs Ohio now owns 2,100 shares of the bank's stock valued at $123,000 after acquiring an additional 1,200 shares in the last quarter. Keener Financial Planning LLC acquired a new position in Texas Capital Bancshares in the 4th quarter worth approximately $139,000. Anchor Investment Management LLC purchased a new position in Texas Capital Bancshares during the 4th quarter worth approximately $152,000. Finally, Allspring Global Investments Holdings LLC raised its stake in Texas Capital Bancshares by 22.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,922 shares of the bank's stock valued at $172,000 after purchasing an additional 535 shares during the period. 96.88% of the stock is owned by hedge funds and other institutional investors.

Texas Capital Bancshares Stock Performance

Texas Capital Bancshares stock traded down $0.47 during trading hours on Wednesday, reaching $61.71. 243,682 shares of the company were exchanged, compared to its average volume of 453,426. Texas Capital Bancshares, Inc. has a 12 month low of $45.37 and a 12 month high of $66.18. 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 stock has a 50-day moving average of $59.29 and a 200 day moving average of $59.40. The firm has a market cap of $2.88 billion, a price-to-earnings ratio of 18.84, a PEG ratio of 2.18 and a beta of 1.17.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last posted its quarterly earnings data on Thursday, April 18th. The bank reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.03. Texas Capital Bancshares had a net margin of 9.66% and a return on equity of 7.05%. The business had revenue of $256.33 million during the quarter, compared to the consensus estimate of $253.27 million. As a group, research analysts anticipate that Texas Capital Bancshares, Inc. will post 3.53 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Raymond James lowered Texas Capital Bancshares from a "strong-buy" rating to a "market perform" rating in a research report on Thursday, April 4th. Keefe, Bruyette & Woods decreased their price target on shares of Texas Capital Bancshares from $76.00 to $74.00 and set an "outperform" rating for the company in a report on Monday, April 22nd. JPMorgan Chase & Co. lowered their price objective 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. Barclays initiated coverage on shares of Texas Capital Bancshares in a research report on Friday, March 8th. They issued an "underweight" rating and a $47.00 target price for the company. Finally, Stephens lowered their price target on shares of Texas Capital Bancshares from $78.00 to $73.00 and set an "overweight" rating on the stock in a report on Friday, April 19th. 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 company's stock. Based on data from MarketBeat.com, Texas Capital Bancshares presently has a consensus rating of "Hold" and an average price target of $63.58.

Insider Buying and Selling at Texas Capital Bancshares

In other Texas Capital Bancshares news, Director Thomas E. Long acquired 2,000 shares of the company's stock in a transaction dated Tuesday, February 27th. The shares were acquired at an average cost of $58.78 per share, for a total transaction of $117,560.00. Following the completion of the purchase, the director now owns 7,542 shares of the company's stock, valued at approximately $443,318.76. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Robert W. Stallings acquired 3,000 shares of the company's stock in a transaction dated Friday, May 10th. The shares were bought at an average price of $19.50 per share, for a total transaction of $58,500.00. Following the acquisition, the director now owns 156,706 shares in the company, valued at approximately $3,055,767. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Thomas E. Long bought 2,000 shares of Texas Capital Bancshares stock in a transaction that occurred on Tuesday, February 27th. The stock was bought 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 bought 8,000 shares of company stock worth $235,160 over the last ninety days. Company insiders own 1.53% 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.