Clearbridge Investments LLC Has $14.77 Million Stock Holdings in Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Clearbridge Investments LLC boosted its stake in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 0.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 228,556 shares of the bank’s stock after purchasing an additional 1,827 shares during the period. Clearbridge Investments LLC’s holdings in Texas Capital Bancshares were worth $14,772,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Raymond James & Associates bought a new position in Texas Capital Bancshares during the 3rd quarter worth $1,138,000. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Texas Capital Bancshares during the 3rd quarter valued at $572,000. Allspring Global Investments Holdings LLC boosted its holdings in shares of Texas Capital Bancshares by 22.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,922 shares of the bank’s stock valued at $172,000 after acquiring an additional 535 shares in the last quarter. M&T Bank Corp acquired a new stake in shares of Texas Capital Bancshares during the 3rd quarter valued at $308,000. Finally, Victory Capital Management Inc. boosted its holdings in shares of Texas Capital Bancshares by 147.9% during the 3rd quarter. Victory Capital Management Inc. now owns 31,566 shares of the bank’s stock valued at $1,859,000 after acquiring an additional 18,835 shares in the last quarter. 96.88% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

TCBI has been the topic of several recent research reports. Barclays initiated coverage on Texas Capital Bancshares in a report on Friday, March 8th. They set an “underweight” rating and a $47.00 target price on the stock. Stephens cut their target price on Texas Capital Bancshares from $78.00 to $73.00 and set an “overweight” rating on the stock in a report on Friday, April 19th. JPMorgan Chase & Co. cut their target price on Texas Capital Bancshares from $70.00 to $65.00 and set an “underweight” rating on the stock in a report on Thursday, April 4th. Raymond James downgraded Texas Capital Bancshares from a “strong-buy” rating to a “market perform” rating in a report on Thursday, April 4th. Finally, Royal Bank of Canada cut their target price on Texas Capital Bancshares from $68.00 to $66.00 and set a “sector perform” rating on the stock in a report on Tuesday, April 9th. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $63.58.

Insider Transactions at Texas Capital Bancshares

In other news, Director Robert W. Stallings acquired 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were acquired at an average price of $19.36 per share, for a total transaction of $58,080.00. Following the completion of the purchase, the director now owns 169,706 shares in the company, valued at $3,285,508.16. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Texas Capital Bancshares news, Director Robert W. Stallings bought 6,000 shares of the stock in a transaction on Monday, May 20th. The shares were acquired at an average price of $19.52 per share, with a total value of $117,120.00. Following the acquisition, the director now directly owns 163,706 shares of the company’s stock, valued at approximately $3,195,541.12. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Robert W. Stallings bought 3,000 shares of the stock in a transaction on Wednesday, May 22nd. The shares were acquired at an average cost of $19.36 per share, for a total transaction of $58,080.00. Following the acquisition, the director now directly owns 169,706 shares in the company, valued at $3,285,508.16. The disclosure for this purchase can be found here. Insiders have acquired 17,004 shares of company stock worth $410,438 in the last 90 days. Insiders own 0.99% of the company’s stock.

Texas Capital Bancshares Stock Up 1.3 %

Texas Capital Bancshares stock traded up $0.76 during midday trading on Friday, reaching $59.46. The stock had a trading volume of 220,456 shares, compared to its average volume of 340,925. The company has a market capitalization of $2.77 billion, a P/E ratio of 18.02, a PEG ratio of 1.44 and a beta of 1.17. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.30. Texas Capital Bancshares, Inc. has a 12 month low of $46.54 and a 12 month high of $66.18. The company has a fifty day moving average price of $59.46 and a two-hundred day moving average price of $59.62.

Texas Capital Bancshares (NASDAQ:TCBI) last announced its earnings results on Thursday, April 18th. The bank reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $256.33 million for the quarter, compared to the consensus estimate of $253.27 million. As a group, equities analysts expect that Texas Capital Bancshares, Inc. will post 3.53 EPS 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.