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

Heartland Advisors Inc. decreased its holdings in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 0.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 589,324 shares of the bank’s stock after selling 3,409 shares during the quarter. Texas Capital Bancshares makes up about 2.5% of Heartland Advisors Inc.’s holdings, making the stock its biggest position. Heartland Advisors Inc. owned approximately 1.28% of Texas Capital Bancshares worth $46,085,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Picton Mahoney Asset Management bought a new stake in Texas Capital Bancshares in the fourth quarter worth $30,000. Assetmark Inc. bought a new stake in shares of Texas Capital Bancshares during the 4th quarter worth about $32,000. Venturi Wealth Management LLC acquired a new position in shares of Texas Capital Bancshares during the 4th quarter valued at about $37,000. R Squared Ltd bought a new position in shares of Texas Capital Bancshares in the 4th quarter valued at approximately $41,000. Finally, Icon Wealth Advisors LLC bought a new position in shares of Texas Capital Bancshares in the 3rd quarter valued at approximately $103,000. Institutional investors own 96.88% of the company’s stock.

Insider Activity

In other Texas Capital Bancshares news, Director Robert W. Stallings bought 5,670 shares of the stock in a transaction dated Friday, January 24th. The stock was bought at an average cost of $27.60 per share, for a total transaction of $156,492.00. Following the completion of the purchase, the director now owns 180,893 shares in the company, valued at $4,992,646.80. This represents a 3.24 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders bought 29,402 shares of company stock worth $653,787. Insiders own 1.72% of the company’s stock.

Texas Capital Bancshares Trading Down 1.4 %

Shares of Texas Capital Bancshares stock opened at $75.31 on Friday. The firm 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. The company’s fifty day moving average price is $78.20 and its two-hundred day moving average price is $78.56. Texas Capital Bancshares, Inc. has a 52-week low of $54.68 and a 52-week high of $91.80. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.00 and a quick ratio of 1.00.

Texas Capital Bancshares (NASDAQ:TCBI) last announced its quarterly earnings results on Thursday, January 23rd. The bank reported $1.43 earnings per share for the quarter, beating 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%. On average, analysts expect that Texas Capital Bancshares, Inc. will post 5.84 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on TCBI. 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 report on Tuesday, January 28th. DA Davidson dropped their target price 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. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $95.00 target price (down previously from $100.00) on shares of Texas Capital Bancshares in a research report on Wednesday, January 29th. Barclays raised their price target on Texas Capital Bancshares from $60.00 to $71.00 and gave the company an “underweight” rating in a research report on Thursday, December 5th. Finally, Hovde Group cut their price objective on Texas Capital Bancshares from $90.00 to $84.00 and set a “market perform” rating for the company in a research report on Friday, March 7th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Texas Capital Bancshares currently has an average rating of “Hold” and a consensus price target of $79.47.

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.