New York State Common Retirement Fund Reduces Stock Holdings in Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

New York State Common Retirement Fund lowered its holdings in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 14.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 164,625 shares of the bank’s stock after selling 27,230 shares during the quarter. New York State Common Retirement Fund owned 0.36% of Texas Capital Bancshares worth $12,874,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Blue Trust Inc. grew its position in Texas Capital Bancshares by 89.9% during the 3rd quarter. Blue Trust Inc. now owns 357 shares of the bank’s stock worth $26,000 after purchasing an additional 169 shares during the period. State of Alaska Department of Revenue boosted its stake in shares of Texas Capital Bancshares by 3.5% in the third quarter. State of Alaska Department of Revenue now owns 5,366 shares of the bank’s stock worth $383,000 after buying an additional 180 shares during the last quarter. Coldstream Capital Management Inc. grew its holdings in Texas Capital Bancshares by 5.3% during the third quarter. Coldstream Capital Management Inc. now owns 4,309 shares of the bank’s stock worth $309,000 after acquiring an additional 217 shares during the period. Savant Capital LLC raised its position in Texas Capital Bancshares by 5.7% during the fourth quarter. Savant Capital LLC now owns 5,604 shares of the bank’s stock valued at $438,000 after acquiring an additional 303 shares in the last quarter. Finally, M&T Bank Corp lifted its holdings in Texas Capital Bancshares by 6.8% in the third quarter. M&T Bank Corp now owns 4,946 shares of the bank’s stock valued at $353,000 after acquiring an additional 316 shares during the period. 96.88% of the stock is currently owned by institutional investors and hedge funds.

Texas Capital Bancshares Stock Down 1.8 %

NASDAQ TCBI opened at $79.58 on Monday. The business has a fifty day moving average price of $79.24 and a 200 day moving average price of $76.77. 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 company has a market cap of $3.66 billion, a P/E ratio of 62.17, a P/E/G ratio of 0.75 and a beta of 1.16. Texas Capital Bancshares, Inc. has a one year low of $54.68 and a one year high of $91.80.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on TCBI. 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 research note on Friday, January 24th. StockNews.com upgraded shares of Texas Capital Bancshares from a “sell” rating to a “hold” rating in a research report on Friday, January 31st. Barclays upped their price objective on shares of Texas Capital Bancshares from $60.00 to $71.00 and gave the stock an “underweight” rating in a research report on Thursday, December 5th. Stephens dropped their target price on Texas Capital Bancshares from $102.00 to $97.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 28th. Finally, JPMorgan Chase & Co. cut their price target on Texas Capital Bancshares from $81.00 to $80.00 and set an “underweight” rating for the company in a research note on Friday, January 24th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Texas Capital Bancshares currently has an average rating of “Hold” and an average target price of $79.13.

Insider Buying and Selling at Texas Capital Bancshares

In related news, Director Robert W. Stallings bought 7,000 shares of the company’s stock in a transaction on Tuesday, February 4th. The stock was bought at an average cost of $21.10 per share, for a total transaction of $147,700.00. Following the acquisition, the director now directly owns 202,413 shares in the company, valued at $4,270,914.30. This represents a 3.58 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In the last quarter, insiders acquired 22,402 shares of company stock worth $510,777. Insiders own 0.99% 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.