Arrowstreet Capital Limited Partnership Has $14.66 Million Stock Holdings in Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Arrowstreet Capital Limited Partnership trimmed its holdings in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 8.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 187,489 shares of the bank’s stock after selling 16,675 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 0.41% of Texas Capital Bancshares worth $14,662,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of TCBI. Picton Mahoney Asset Management acquired a new position in shares of Texas Capital Bancshares in the 4th quarter valued at about $30,000. Assetmark Inc. purchased a new position in Texas Capital Bancshares during the fourth quarter valued at approximately $32,000. Venturi Wealth Management LLC acquired a new position in Texas Capital Bancshares in the 4th quarter valued at approximately $37,000. R Squared Ltd purchased a new stake in Texas Capital Bancshares in the 4th quarter worth approximately $41,000. Finally, KBC Group NV boosted its stake in shares of Texas Capital Bancshares by 64.2% during the 4th quarter. KBC Group NV now owns 2,172 shares of the bank’s stock valued at $170,000 after buying an additional 849 shares during the period. 96.88% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Robert W. Stallings acquired 2,006 shares of the firm’s stock in a transaction dated Monday, January 27th. The shares were bought at an average price of $20.99 per share, with a total value of $42,105.94. Following the acquisition, the director now owns 182,899 shares of the company’s stock, valued at $3,839,050.01. This trade represents a 1.11 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last 90 days, insiders purchased 29,402 shares of company stock valued at $653,787. Insiders own 1.72% of the company’s stock.

Texas Capital Bancshares Stock Performance

TCBI opened at $64.50 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.22. The stock’s 50 day moving average price is $77.21 and its two-hundred day moving average price is $78.67. The firm has a market capitalization of $2.98 billion, a P/E ratio of 50.39, a price-to-earnings-growth ratio of 0.75 and a beta of 0.74. Texas Capital Bancshares, Inc. has a 12-month low of $54.68 and a 12-month 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 the consensus estimate of $1.07 by $0.36. Texas Capital Bancshares had a net margin of 3.99% and a return on equity of 9.14%. On average, equities analysts forecast that Texas Capital Bancshares, Inc. will post 5.84 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on TCBI shares. Stephens dropped 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. StockNews.com raised Texas Capital Bancshares from a “sell” rating to a “hold” rating in a research note on Friday, January 31st. Hovde Group lowered their price target on Texas Capital Bancshares from $90.00 to $84.00 and set a “market perform” rating for the company in a research note on Friday, March 7th. JPMorgan Chase & Co. dropped their price objective on Texas Capital Bancshares from $81.00 to $80.00 and set an “underweight” rating on the stock in a report on Friday, January 24th. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $95.00 target price (down from $100.00) on shares of Texas Capital Bancshares in a research note on Wednesday, January 29th. Three investment 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. According to MarketBeat.com, Texas Capital Bancshares has an average rating of “Hold” and a consensus target price of $80.43.

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.