Wells Fargo & Company MN Buys 6,618 Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Wells Fargo & Company MN raised its position in Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) by 30.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 28,714 shares of the bank's stock after buying an additional 6,618 shares during the period. Wells Fargo & Company MN owned 0.06% of Texas Capital Bancshares worth $2,245,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Barclays PLC raised its holdings in shares of Texas Capital Bancshares by 19.6% in the 3rd quarter. Barclays PLC now owns 108,950 shares of the bank's stock worth $7,786,000 after purchasing an additional 17,863 shares during the period. Sanctuary Advisors LLC bought a new position in shares of Texas Capital Bancshares during the 3rd quarter worth $310,000. Cim Investment Management Inc. purchased a new stake in Texas Capital Bancshares in the 3rd quarter worth about $212,000. Moody National Bank Trust Division raised its stake in Texas Capital Bancshares by 9.5% in the 4th quarter. Moody National Bank Trust Division now owns 17,371 shares of the bank's stock valued at $1,358,000 after acquiring an additional 1,508 shares during the period. Finally, Nisa Investment Advisors LLC lifted its holdings in Texas Capital Bancshares by 5.3% during the fourth 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. Hedge funds and other institutional investors own 96.88% of the company's stock.

Texas Capital Bancshares Trading Up 1.8 %

Shares of TCBI stock traded up $1.25 on Thursday, hitting $69.40. 41,390 shares of the company's stock traded hands, compared to its average volume of 445,351. The stock has a market capitalization of $3.19 billion, a price-to-earnings ratio of 54.30, a P/E/G ratio of 0.75 and a beta of 0.74. The company's fifty day simple moving average is $71.00 and its 200 day simple moving average is $77.71. Texas Capital Bancshares, Inc. has a one year low of $56.24 and a one year high of $91.80. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.00 and a current ratio of 1.00.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The bank reported $0.92 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts' expectations of $284.40 million. Equities analysts forecast that Texas Capital Bancshares, Inc. will post 5.84 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on TCBI. Raymond James lowered their price target on shares of Texas Capital Bancshares from $87.00 to $80.00 and set an "outperform" rating on the stock in a research report on Monday, April 21st. DA Davidson reduced their price target on Texas Capital Bancshares from $81.00 to $76.00 and set a "neutral" rating for the company in a research report on Monday, April 21st. JPMorgan Chase & Co. dropped their price objective on Texas Capital Bancshares from $78.00 to $70.00 and set an "underweight" rating on the stock in a report on Monday, April 21st. Barclays decreased their price target on Texas Capital Bancshares from $73.00 to $70.00 and set an "underweight" rating on the stock in a research report on Tuesday, April 8th. Finally, Keefe, Bruyette & Woods reduced 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 note on Monday, April 21st. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $76.64.

Insider Transactions at Texas Capital Bancshares

In other news, Director Robert W. Stallings purchased 7,000 shares of the business's stock in a transaction on Tuesday, March 4th. The shares were acquired at an average price of $20.43 per share, with a total value of $143,010.00. Following the acquisition, the director now directly owns 49,500 shares in the company, valued at approximately $1,011,285. The trade was a 16.47 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last 90 days, insiders have bought 32,000 shares of company stock worth $1,121,905. Insiders own 1.72% 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.