Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Shares Bought by Ameriprise Financial Inc.

Ameriprise Financial Inc. raised its holdings in Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) by 14.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 244,491 shares of the bank's stock after acquiring an additional 30,519 shares during the period. Ameriprise Financial Inc. owned 0.53% of Texas Capital Bancshares worth $19,119,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in TCBI. Barclays PLC grew its holdings in Texas Capital Bancshares by 19.6% in the third quarter. Barclays PLC now owns 108,950 shares of the bank's stock valued at $7,786,000 after purchasing an additional 17,863 shares during the period. Nisa Investment Advisors LLC boosted its holdings in shares of Texas Capital Bancshares by 5.3% in the 4th quarter. Nisa Investment Advisors LLC now owns 8,948 shares of the bank's stock valued at $700,000 after purchasing an additional 450 shares during the last quarter. KBC Group NV grew its stake in shares of Texas Capital Bancshares by 64.2% during the 4th quarter. KBC Group NV now owns 2,172 shares of the bank's stock valued at $170,000 after buying an additional 849 shares during the period. R Squared Ltd purchased a new stake in shares of Texas Capital Bancshares during the 4th quarter valued at $41,000. Finally, SYM FINANCIAL Corp acquired a new stake in shares of Texas Capital Bancshares during the 4th quarter worth $204,000. Hedge funds and other institutional investors own 96.88% of the company's stock.

Insider Activity at Texas Capital Bancshares

In other news, Director Robert W. Stallings acquired 4,500 shares of the stock in a transaction that occurred on Monday, April 21st. The stock was purchased at an average cost of $64.27 per share, with a total value of $289,215.00. Following the completion of the acquisition, the director now directly owns 288,131 shares in the company, valued at $18,518,179.37. This represents a 1.59% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders have purchased 19,300 shares of company stock valued at $850,815 over the last ninety days. Corporate insiders own 1.72% of the company's stock.

Texas Capital Bancshares Stock Down 0.3%

Shares of Texas Capital Bancshares stock traded down $0.22 during trading hours on Monday, hitting $75.61. 311,855 shares of the company's stock traded hands, compared to its average volume of 448,248. Texas Capital Bancshares, Inc. has a twelve month low of $56.24 and a twelve month high of $91.80. The company has a market cap of $3.47 billion, a PE ratio of 59.07, a PEG ratio of 0.75 and a beta of 0.62. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.22. The stock has a 50 day simple moving average of $70.27 and a 200-day simple moving average of $77.30.

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

Analyst Ratings Changes

TCBI has been the subject of a number of research reports. JPMorgan Chase & Co. lowered their price target on Texas Capital Bancshares from $78.00 to $70.00 and set an "underweight" rating for the company in a research report on Monday, April 21st. Hovde Group decreased their target price on 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. Piper Sandler cut their price target on shares of Texas Capital Bancshares from $84.00 to $74.00 and set a "neutral" rating on the stock in a report on Monday, April 21st. StockNews.com raised shares of Texas Capital Bancshares from a "sell" rating to a "hold" rating in a research report on Friday, January 31st. Finally, Keefe, Bruyette & Woods dropped their price objective 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. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $76.64.

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.