Fisher Asset Management LLC trimmed its position in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 4.4% in the first quarter, Holdings Channel.com reports. The firm owned 207,178 shares of the bank’s stock after selling 9,533 shares during the period. Fisher Asset Management LLC’s holdings in Texas Capital Bancshares were worth $14,693,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC grew its holdings in Texas Capital Bancshares by 925.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,108 shares of the bank’s stock valued at $66,000 after purchasing an additional 1,000 shares in the last quarter. HWG Holdings LP acquired a new position in Texas Capital Bancshares during the 4th quarter worth $98,000. Toronto Dominion Bank acquired a new position in Texas Capital Bancshares during the 4th quarter worth $100,000. Strs Ohio acquired a new position in Texas Capital Bancshares during the 4th quarter worth $136,000. Finally, NJ State Employees Deferred Compensation Plan acquired a new position in Texas Capital Bancshares during the 1st quarter worth $213,000. 92.03% of the stock is owned by institutional investors and hedge funds.

Several brokerages have weighed in on TCBI. Truist raised their price objective on shares of Texas Capital Bancshares from $70.00 to $85.00 and gave the stock a “hold” rating in a report on Monday, March 8th. Hovde Group raised shares of Texas Capital Bancshares from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $73.50 to $82.50 in a report on Monday, April 5th. Bank of America upgraded shares of Texas Capital Bancshares from an “underperform” rating to a “neutral” rating and set a $79.00 price target on the stock in a research report on Monday, March 29th. Truist Securities lifted their target price on shares of Texas Capital Bancshares from $85.00 to $95.00 and gave the stock a “hold” rating in a research report on Monday, March 22nd. Finally, JPMorgan Chase & Co. downgraded shares of Texas Capital Bancshares from a “neutral” rating to an “underweight” rating and lowered their price objective for the company from $64.00 to $55.00 in a research report on Tuesday, January 26th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $57.63.

In other news, Director Robert W. Stallings acquired 5,000 shares of Texas Capital Bancshares stock in a transaction dated Friday, April 23rd. The stock was acquired at an average cost of $64.98 per share, for a total transaction of $324,900.00. Following the completion of the purchase, the director now owns 16,987 shares of the company’s stock, valued at $1,103,815.26. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Elysia Holt Ragusa acquired 10,077 shares of Texas Capital Bancshares stock in a transaction dated Monday, March 1st. The stock was purchased at an average price of $24.75 per share, with a total value of $249,405.75. Following the completion of the purchase, the director now directly owns 10,077 shares of the company’s stock, valued at approximately $249,405.75. The disclosure for this purchase can be found here. 0.65% of the stock is currently owned by insiders.

NASDAQ TCBI opened at $68.85 on Tuesday. The company has a quick ratio of 1.13, a current ratio of 1.15 and a debt-to-equity ratio of 1.17. The stock has a market capitalization of $3.48 billion, a PE ratio of 49.53, a price-to-earnings-growth ratio of 2.10 and a beta of 2.04. The company has a 50 day moving average price of $72.42 and a two-hundred day moving average price of $63.97. Texas Capital Bancshares, Inc. has a 12-month low of $22.01 and a 12-month high of $93.26.

Texas Capital Bancshares (NASDAQ:TCBI) last issued its quarterly earnings data on Tuesday, April 20th. The bank reported $1.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.10 by $0.23. Texas Capital Bancshares had a net margin of 6.16% and a return on equity of 5.48%. During the same period in the previous year, the business earned ($0.38) earnings per share. As a group, equities analysts anticipate that Texas Capital Bancshares, Inc. will post 2.67 EPS for the current year.

Texas Capital Bancshares Profile

Texas Capital Bancshares, Inc operates as the bank holding company for Texas Capital Bank, National Association that provides various banking products and services for commercial businesses, and professionals and entrepreneurs. It offers business deposit products and services, including commercial checking accounts, lockbox accounts, and cash concentration accounts, as well as other treasury management services, including information services, wire transfer initiation, ACH initiation, account transfer, and service integration; and consumer deposit products, such as checking accounts, savings accounts, money market accounts, and certificates of deposit.

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Institutional Ownership by Quarter for Texas Capital Bancshares (NASDAQ:TCBI)

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