Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Shares Sold by Heartland Advisors Inc.

Heartland Advisors Inc. lowered its stake in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 0.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 589,324 shares of the bank’s stock after selling 3,409 shares during the period. Texas Capital Bancshares makes up about 2.5% of Heartland Advisors Inc.’s holdings, making the stock its biggest holding. Heartland Advisors Inc.’s holdings in Texas Capital Bancshares were worth $46,085,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. raised its position in shares of Texas Capital Bancshares by 1.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 570,839 shares of the bank’s stock valued at $40,792,000 after acquiring an additional 10,171 shares during the period. Algert Global LLC grew its holdings in shares of Texas Capital Bancshares by 367.3% in the 3rd quarter. Algert Global LLC now owns 22,316 shares of the bank’s stock valued at $1,595,000 after buying an additional 17,540 shares during the period. Fisher Asset Management LLC increased its position in shares of Texas Capital Bancshares by 12.8% in the 3rd quarter. Fisher Asset Management LLC now owns 267,607 shares of the bank’s stock valued at $19,123,000 after buying an additional 30,395 shares in the last quarter. Bank of Montreal Can raised its stake in Texas Capital Bancshares by 1.2% during the 3rd quarter. Bank of Montreal Can now owns 30,900 shares of the bank’s stock worth $2,178,000 after buying an additional 373 shares during the period. Finally, FMR LLC lifted its holdings in Texas Capital Bancshares by 28.9% during the third quarter. FMR LLC now owns 4,167 shares of the bank’s stock worth $298,000 after acquiring an additional 935 shares in the last quarter. 96.88% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Texas Capital Bancshares news, Director Robert W. Stallings purchased 2,006 shares of the stock in a transaction on Monday, January 27th. The shares were purchased at an average price of $20.99 per share, with a total value of $42,105.94. Following the completion of the transaction, the director now directly owns 182,899 shares in the company, valued at $3,839,050.01. This represents a 1.11 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders have bought 29,402 shares of company stock valued at $653,787. 1.72% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. JPMorgan Chase & Co. dropped their price target on Texas Capital Bancshares from $81.00 to $80.00 and set an “underweight” rating on the stock in a research report on Friday, January 24th. Stephens cut their price target on shares of Texas Capital Bancshares from $102.00 to $97.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 28th. Hovde Group reduced their price target on shares of Texas Capital Bancshares from $90.00 to $84.00 and set a “market perform” rating for the company in a report on Friday, March 7th. DA Davidson dropped their price objective on shares of Texas Capital Bancshares from $90.00 to $87.00 and set a “neutral” rating on the stock in a report on Friday, January 24th. Finally, Barclays increased their target price on Texas Capital Bancshares from $60.00 to $71.00 and gave the stock an “underweight” rating in a report on Thursday, December 5th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $79.47.

Texas Capital Bancshares Stock Performance

Shares of NASDAQ TCBI opened at $75.31 on Friday. 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 stock has a 50 day moving average price of $78.20 and a 200 day moving average price of $78.56. The stock has a market capitalization of $3.47 billion, a PE ratio of 58.84, a price-to-earnings-growth ratio of 0.75 and a beta of 1.13. Texas Capital Bancshares, Inc. has a 52 week low of $54.68 and a 52 week high of $91.80.

Texas Capital Bancshares (NASDAQ:TCBI) last announced its quarterly earnings data on Thursday, January 23rd. The bank reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.36. Texas Capital Bancshares had a return on equity of 9.14% and a net margin of 3.99%. Analysts predict that Texas Capital Bancshares, Inc. will post 5.84 earnings per share for the current fiscal year.

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.