Fisher Asset Management LLC Purchases 72,109 Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Fisher Asset Management LLC grew its position in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 26.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 339,716 shares of the bank’s stock after acquiring an additional 72,109 shares during the period. Fisher Asset Management LLC’s holdings in Texas Capital Bancshares were worth $26,566,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Amalgamated Bank raised its stake in shares of Texas Capital Bancshares by 0.8% during the fourth quarter. Amalgamated Bank now owns 20,791 shares of the bank’s stock valued at $1,626,000 after acquiring an additional 166 shares during the last quarter. State of Alaska Department of Revenue raised its stake in 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 in the last quarter. Coldstream Capital Management Inc. raised its stake in Texas Capital Bancshares by 5.3% in the third quarter. Coldstream Capital Management Inc. now owns 4,309 shares of the bank’s stock worth $309,000 after buying an additional 217 shares in the last quarter. Savant Capital LLC raised its stake in Texas Capital Bancshares by 5.7% in the fourth quarter. Savant Capital LLC now owns 5,604 shares of the bank’s stock worth $438,000 after buying an additional 303 shares in the last quarter. Finally, M&T Bank Corp raised its stake 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 worth $353,000 after buying an additional 316 shares in the last quarter. 96.88% of the stock is owned by institutional investors.

Insider Buying and Selling at Texas Capital Bancshares

In other Texas Capital Bancshares news, Director Robert W. Stallings acquired 2,006 shares of the company’s stock in a transaction on Monday, January 27th. The stock was acquired at an average cost of $20.99 per share, with a total value of $42,105.94. Following the purchase, the director now directly owns 182,899 shares of the company’s stock, valued at approximately $3,839,050.01. This represents a 1.11 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last ninety days, insiders have purchased 22,402 shares of company stock worth $510,777. Insiders own 0.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. DA Davidson decreased their price target on shares of Texas Capital Bancshares from $90.00 to $87.00 and set a “neutral” rating for the company in a research note on Friday, January 24th. JPMorgan Chase & Co. decreased their price target on shares of 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. Barclays increased their price target on shares of Texas Capital Bancshares from $60.00 to $71.00 and gave the stock an “underweight” rating in a research note on Thursday, December 5th. Stephens decreased their target price on shares of Texas Capital Bancshares from $102.00 to $97.00 and set an “overweight” rating for the company in a research note on Tuesday, January 28th. Finally, Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $95.00 target price (down previously 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, nine have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $79.13.

Texas Capital Bancshares Stock Down 1.3 %

Shares of TCBI stock opened at $78.10 on Tuesday. The company has a market capitalization of $3.59 billion, a price-to-earnings ratio of 61.02, a PEG 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. The company’s fifty day moving average price is $79.14 and its 200-day moving average price is $77.57. 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 (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%. Sell-side analysts expect that Texas Capital Bancshares, Inc. will post 5.84 EPS for the current fiscal year.

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.