Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lessened its holdings in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) by 56.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,757 shares of the bank's stock after selling 17,809 shares during the period. Victory Capital Management Inc.'s holdings in Texas Capital Bancshares were worth $889,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. SummerHaven Investment Management LLC boosted its holdings in shares of Texas Capital Bancshares by 1.4% in the fourth quarter. SummerHaven Investment Management LLC now owns 13,134 shares of the bank's stock valued at $849,000 after purchasing an additional 175 shares during the period. Retirement Systems of Alabama lifted its holdings in Texas Capital Bancshares by 0.3% during the fourth quarter. Retirement Systems of Alabama now owns 60,143 shares of the bank's stock worth $3,887,000 after buying an additional 208 shares during the period. Russell Investments Group Ltd. lifted its holdings in Texas Capital Bancshares by 2.6% during the fourth quarter. Russell Investments Group Ltd. now owns 129,763 shares of the bank's stock worth $8,387,000 after buying an additional 3,245 shares during the period. Headlands Technologies LLC lifted its holdings in Texas Capital Bancshares by 41.9% during the fourth 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. Finally, State of New Jersey Common Pension Fund D lifted its holdings in shares of Texas Capital Bancshares by 12.6% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 45,716 shares of the bank's stock valued at $2,955,000 after purchasing an additional 5,125 shares during the last quarter. Hedge funds and other institutional investors own 96.88% of the company's stock.

Insiders Place Their Bets

In other Texas Capital Bancshares news, Director Thomas E. Long bought 2,000 shares of the firm's stock in a transaction on Tuesday, February 27th. The shares were 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 approximately $443,318.76. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. In other news, Director Thomas E. Long purchased 2,000 shares of Texas Capital Bancshares stock in a transaction dated 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 transaction, the director now owns 7,542 shares in the company, valued at $443,318.76. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, Director Robert W. Stallings purchased 3,000 shares of Texas Capital Bancshares stock in a transaction dated Friday, May 10th. The shares were purchased at an average cost of $19.50 per share, for a total transaction of $58,500.00. Following the transaction, the director now owns 156,706 shares in the company, valued at approximately $3,055,767. The disclosure for this purchase can be found here. Insiders have acquired 14,004 shares of company stock valued at $352,358 in the last ninety days. 1.53% of the stock is currently owned by corporate insiders.

Texas Capital Bancshares Price Performance

TCBI stock traded down $1.09 during trading on Wednesday, hitting $59.96. The stock had a trading volume of 261,886 shares, compared to its average volume of 443,464. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.00 and a quick ratio of 1.00. Texas Capital Bancshares, Inc. has a twelve month low of $46.54 and a twelve month high of $66.18. The stock has a market capitalization of $2.80 billion, a P/E ratio of 18.50, a PEG ratio of 2.17 and a beta of 1.17. The company's 50-day moving average price is $59.42 and its two-hundred day moving average price is $59.61.

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 return on equity of 7.05% and a net margin of 9.66%. The company had revenue of $256.33 million for the quarter, compared to analysts' expectations of $253.27 million. As a group, research analysts predict that Texas Capital Bancshares, Inc. will post 3.53 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently commented on TCBI shares. Royal Bank of Canada decreased their price objective on Texas Capital Bancshares from $68.00 to $66.00 and set a "sector perform" rating for the company in a report on Tuesday, April 9th. Hovde Group decreased their price objective on Texas Capital Bancshares from $87.50 to $61.50 and set a "market perform" rating for the company in a report on Friday, April 19th. UBS Group raised their target price on Texas Capital Bancshares from $56.00 to $57.00 and gave the stock a "sell" rating in a research note on Tuesday, January 23rd. Wedbush reduced their target price on Texas Capital Bancshares from $64.00 to $61.00 and set a "neutral" rating for the company in a research note on Friday, April 19th. Finally, JPMorgan Chase & Co. reduced their target price on Texas Capital Bancshares from $70.00 to $65.00 and set an "underweight" rating for the company in a research note on Thursday, April 4th. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Texas Capital Bancshares currently has an average rating of "Hold" and a consensus price target of $63.58.

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.