3,870 Shares in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Bought by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC acquired a new stake in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 3,870 shares of the bank's stock, valued at approximately $303,000.

Other institutional investors have also modified their holdings of the company. Amalgamated Bank grew its stake in Texas Capital Bancshares by 0.8% during the 4th quarter. Amalgamated Bank now owns 20,791 shares of the bank's stock valued at $1,626,000 after acquiring an additional 166 shares in the last quarter. Xponance Inc. grew its holdings in shares of Texas Capital Bancshares by 4.8% during the 4th quarter. Xponance Inc. now owns 6,569 shares of the bank's stock valued at $514,000 after acquiring an additional 300 shares in the last quarter. Savant Capital LLC increased its stake in shares of Texas Capital Bancshares by 5.7% in the fourth quarter. Savant Capital LLC now owns 5,604 shares of the bank's stock worth $438,000 after acquiring an additional 303 shares during the last quarter. Beacon Pointe Advisors LLC increased its stake in shares of Texas Capital Bancshares by 1.9% in the fourth quarter. Beacon Pointe Advisors LLC now owns 18,825 shares of the bank's stock worth $1,472,000 after acquiring an additional 350 shares during the last quarter. Finally, Picton Mahoney Asset Management purchased a new stake in shares of Texas Capital Bancshares during the fourth quarter worth $30,000. Institutional investors own 96.88% of the company's stock.

Texas Capital Bancshares Price Performance

Texas Capital Bancshares stock traded down $0.86 on Friday, reaching $75.83. The company's stock had a trading volume of 351,973 shares, compared to its average volume of 447,411. The business's fifty day moving average price is $70.17 and its 200 day moving average price is $77.31. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market cap of $3.48 billion, a price-to-earnings ratio of 59.24, a PEG ratio of 0.75 and a beta of 0.62. Texas Capital Bancshares, Inc. has a twelve month low of $56.24 and a twelve month high of $91.80.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last announced its earnings results on Thursday, April 17th. The bank reported $0.92 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.99 by ($0.07). Texas Capital Bancshares had a return on equity of 9.14% and a net margin of 3.99%. The company had revenue of $280.48 million for the quarter, compared to analyst estimates of $284.40 million. Equities analysts expect that Texas Capital Bancshares, Inc. will post 5.84 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. JPMorgan Chase & Co. dropped their target price on Texas Capital Bancshares from $78.00 to $70.00 and set an "underweight" rating on the stock in a research report on Monday, April 21st. Barclays reduced their target price on shares of Texas Capital Bancshares from $73.00 to $70.00 and set an "underweight" rating for the company in a research note on Tuesday, April 8th. Keefe, Bruyette & Woods decreased their target price on shares of Texas Capital Bancshares from $92.00 to $86.00 and set an "outperform" rating for the company in a research report on Monday, April 21st. Hovde Group decreased their price objective on shares of Texas Capital Bancshares from $84.00 to $75.00 and set a "market perform" rating for the company in a report on Monday, April 21st. Finally, StockNews.com upgraded Texas Capital Bancshares from a "sell" rating to a "hold" rating in a report on Friday, January 31st. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $76.64.

Insider Activity

In other Texas Capital Bancshares news, Director Robert W. Stallings purchased 7,000 shares of the stock in a transaction dated Tuesday, March 4th. The stock was bought at an average price of $20.43 per share, for a total transaction of $143,010.00. Following the transaction, the director now directly owns 49,500 shares in the company, valued at $1,011,285. This represents a 16.47% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have bought 19,300 shares of company stock valued at $850,815 over the last 90 days. 1.72% of the stock is owned by company insiders.

About Texas Capital Bancshares

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.