Bessemer Group Inc. Buys 9,601 Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Bessemer Group Inc. grew its stake in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 4.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 237,463 shares of the bank’s stock after acquiring an additional 9,601 shares during the period. Bessemer Group Inc. owned about 0.51% of Texas Capital Bancshares worth $18,571,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Jane Street Group LLC grew its holdings in Texas Capital Bancshares by 107.2% during the third quarter. Jane Street Group LLC now owns 132,672 shares of the bank’s stock valued at $9,481,000 after purchasing an additional 68,632 shares during the period. US Bancorp DE lifted its position in shares of Texas Capital Bancshares by 1,575.0% during the 4th quarter. US Bancorp DE now owns 10,519 shares of the bank’s stock valued at $823,000 after buying an additional 9,891 shares during the last quarter. Victory Capital Management Inc. increased its holdings in Texas Capital Bancshares by 37.5% in the 4th quarter. Victory Capital Management Inc. now owns 96,397 shares of the bank’s stock worth $7,538,000 after acquiring an additional 26,294 shares during the last quarter. Teachers Retirement System of The State of Kentucky raised its stake in Texas Capital Bancshares by 19.5% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 56,606 shares of the bank’s stock valued at $4,045,000 after acquiring an additional 9,225 shares during the period. Finally, Barclays PLC lifted its holdings in Texas Capital Bancshares by 19.6% during the third quarter. Barclays PLC now owns 108,950 shares of the bank’s stock valued at $7,786,000 after purchasing an additional 17,863 shares during the last quarter. Hedge funds and other institutional investors own 96.88% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Stephens lowered their target price on shares of Texas Capital Bancshares from $102.00 to $97.00 and set an “overweight” rating on the stock in a report on Tuesday, January 28th. Hovde Group decreased their price objective on Texas Capital Bancshares from $90.00 to $84.00 and set a “market perform” rating on the stock in a research note on Friday, March 7th. JPMorgan Chase & Co. cut their target price 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. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $95.00 price target (down from $100.00) on shares of Texas Capital Bancshares in a research report on Wednesday, January 29th. Finally, DA Davidson lowered their price target 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. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $80.36.

Texas Capital Bancshares Stock Performance

Texas Capital Bancshares stock opened at $61.24 on Friday. Texas Capital Bancshares, Inc. has a fifty-two week low of $54.68 and a fifty-two week high of $91.80. The firm’s fifty day moving average price is $75.42 and its 200-day moving average price is $78.31. The stock has a market cap of $2.82 billion, a P/E ratio of 47.84, a price-to-earnings-growth ratio of 0.75 and a beta of 0.74. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.00 and a current ratio of 1.00.

Texas Capital Bancshares (NASDAQ:TCBI) last issued its quarterly earnings results 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 return on equity of 9.14% and a net margin of 3.99%. On average, equities research analysts expect that Texas Capital Bancshares, Inc. will post 5.84 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Texas Capital Bancshares news, Director Robert W. Stallings bought 7,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The shares were bought at an average price of $20.43 per share, for a total transaction of $143,010.00. Following the transaction, the director now directly owns 49,500 shares in the company, valued at $1,011,285. This trade represents a 16.47 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders bought 29,402 shares of company stock worth $653,787 in the last quarter. 1.72% of the stock is owned by insiders.

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.