Mutual of America Capital Management LLC Sells 1,566 Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Mutual of America Capital Management LLC cut its stake in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 5.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,146 shares of the bank’s stock after selling 1,566 shares during the quarter. Mutual of America Capital Management LLC owned about 0.06% of Texas Capital Bancshares worth $1,732,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Fidelis Capital Partners LLC bought a new stake in Texas Capital Bancshares in the first quarter worth $54,000. Capstone Investment Advisors LLC increased its stake in Texas Capital Bancshares by 43.6% in the first quarter. Capstone Investment Advisors LLC now owns 10,111 shares of the bank’s stock worth $622,000 after purchasing an additional 3,070 shares during the period. BNP Paribas Financial Markets increased its stake in Texas Capital Bancshares by 73.0% in the first quarter. BNP Paribas Financial Markets now owns 25,489 shares of the bank’s stock worth $1,569,000 after purchasing an additional 10,752 shares during the period. AlphaMark Advisors LLC increased its stake in Texas Capital Bancshares by 14.2% in the first quarter. AlphaMark Advisors LLC now owns 4,711 shares of the bank’s stock worth $290,000 after purchasing an additional 587 shares during the period. Finally, Hodges Capital Management Inc. increased its stake in Texas Capital Bancshares by 24.2% in the first quarter. Hodges Capital Management Inc. now owns 146,850 shares of the bank’s stock worth $9,039,000 after purchasing an additional 28,650 shares during the period. 96.88% of the stock is currently owned by institutional investors.

Texas Capital Bancshares Price Performance

TCBI opened at $64.31 on Monday. The business’s 50-day moving average is $59.89 and its two-hundred day moving average is $60.02. Texas Capital Bancshares, Inc. has a 1 year low of $52.89 and a 1 year high of $66.18. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a market capitalization of $3.00 billion, a PE ratio of 19.49, a price-to-earnings-growth ratio of 1.62 and a beta of 1.15.

Texas Capital Bancshares (NASDAQ:TCBI) last posted its earnings results on Thursday, April 18th. The bank reported $0.62 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $253.27 million. Research analysts anticipate that Texas Capital Bancshares, Inc. will post 3.53 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Texas Capital Bancshares news, Director Robert W. Stallings purchased 3,000 shares of the stock in a transaction on Friday, May 10th. The stock was acquired at an average price of $19.50 per share, with a total value of $58,500.00. Following the completion of the acquisition, the director now owns 156,706 shares in the company, valued at $3,055,767. The acquisition was disclosed in a filing with the SEC, which is available at this link. In other Texas Capital Bancshares news, Director Robert W. Stallings purchased 3,000 shares of the stock in a transaction on Friday, May 10th. The stock was acquired at an average price of $19.50 per share, with a total value of $58,500.00. Following the completion of the acquisition, the director now owns 156,706 shares in the company, valued at $3,055,767. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Director Robert W. Stallings purchased 6,000 shares of the stock in a transaction on Monday, May 20th. The stock was acquired at an average cost of $19.52 per share, with a total value of $117,120.00. Following the acquisition, the director now owns 163,706 shares of the company’s stock, valued at approximately $3,195,541.12. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 15,004 shares of company stock valued at $292,878. 0.99% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Jefferies Financial Group reduced their target price on Texas Capital Bancshares from $64.00 to $61.00 and set a “hold” rating on the stock in a research note on Wednesday, July 3rd. Keefe, Bruyette & Woods reduced their target price on Texas Capital Bancshares from $76.00 to $74.00 and set an “outperform” rating on the stock in a research note on Monday, April 22nd. Wedbush cut their price target on Texas Capital Bancshares from $64.00 to $61.00 and set a “neutral” rating on the stock in a research note on Friday, April 19th. Stephens cut their price target on Texas Capital Bancshares from $78.00 to $73.00 and set an “overweight” rating on the stock in a research note on Friday, April 19th. Finally, Raymond James lowered Texas Capital Bancshares from a “strong-buy” rating to a “market perform” rating in a research note on Thursday, April 4th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $63.65.

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.