Strs Ohio Sells 7,300 Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Strs Ohio decreased its stake in Texas Capital Bancshares, Inc. (NASDAQ:TCBIGet Rating) by 72.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,800 shares of the bank’s stock after selling 7,300 shares during the period. Strs Ohio’s holdings in Texas Capital Bancshares were worth $165,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Wipfli Financial Advisors LLC bought a new position in shares of Texas Capital Bancshares during the 3rd quarter valued at $35,000. Eagle Bay Advisors LLC grew its holdings in shares of Texas Capital Bancshares by 65.9% during the 2nd quarter. Eagle Bay Advisors LLC now owns 720 shares of the bank’s stock valued at $38,000 after purchasing an additional 286 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Texas Capital Bancshares by 60.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,044 shares of the bank’s stock valued at $120,000 after purchasing an additional 767 shares during the last quarter. Point72 Hong Kong Ltd grew its holdings in shares of Texas Capital Bancshares by 80.3% during the 1st quarter. Point72 Hong Kong Ltd now owns 3,895 shares of the bank’s stock valued at $223,000 after purchasing an additional 1,735 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. bought a new position in shares of Texas Capital Bancshares during the 1st quarter valued at $261,000. Institutional investors own 96.91% of the company’s stock.

Texas Capital Bancshares Stock Up 0.9 %

Shares of NASDAQ:TCBI opened at $63.59 on Friday. Texas Capital Bancshares, Inc. has a 52-week low of $48.79 and a 52-week high of $71.60. The firm has a market capitalization of $3.17 billion, a P/E ratio of 19.81, a P/E/G ratio of 1.84 and a beta of 1.31. The stock has a 50 day moving average price of $58.88 and a 200-day moving average price of $59.44. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.91 and a current ratio of 1.03.

Texas Capital Bancshares (NASDAQ:TCBIGet Rating) last announced its earnings results on Wednesday, January 18th. The bank reported $0.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.98 by ($0.11). Texas Capital Bancshares had a return on equity of 6.56% and a net margin of 16.45%. The firm had revenue of $525.27 million during the quarter, compared to the consensus estimate of $272.34 million. As a group, equities research analysts anticipate that Texas Capital Bancshares, Inc. will post 3.12 EPS for the current fiscal year.

Insider Transactions at Texas Capital Bancshares

In related news, Director Robert W. Stallings purchased 4,400 shares of the business’s stock in a transaction that occurred on Monday, November 28th. The shares were bought at an average price of $20.86 per share, for a total transaction of $91,784.00. Following the purchase, the director now directly owns 13,400 shares of the company’s stock, valued at approximately $279,524. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Robert W. Stallings purchased 4,400 shares of the business’s stock in a transaction that occurred on Monday, November 28th. The shares were bought at an average price of $20.86 per share, for a total transaction of $91,784.00. Following the purchase, the director now directly owns 13,400 shares of the company’s stock, valued at approximately $279,524. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert W. Stallings purchased 4,175 shares of the business’s stock in a transaction that occurred on Monday, October 24th. The stock was bought at an average price of $56.55 per share, for a total transaction of $236,096.25. Following the purchase, the director now directly owns 172,000 shares in the company, valued at $9,726,600. The disclosure for this purchase can be found here. In the last quarter, insiders bought 14,101 shares of company stock valued at $602,612. Corporate insiders own 0.56% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on TCBI. DA Davidson restated a “neutral” rating on shares of Texas Capital Bancshares in a research report on Wednesday, December 21st. Truist Financial upped their price target on Texas Capital Bancshares from $68.00 to $80.00 and gave the company a “buy” rating in a research report on Friday. Wedbush reaffirmed a “neutral” rating and set a $60.00 price target on shares of Texas Capital Bancshares in a research report on Wednesday, September 28th. Royal Bank of Canada lowered their price target on Texas Capital Bancshares from $65.00 to $62.00 and set a “sector perform” rating for the company in a research report on Friday, October 21st. Finally, StockNews.com raised Texas Capital Bancshares from a “sell” rating to a “hold” rating in a research report on Friday. One analyst has rated the stock with a sell rating, four have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $63.88.

Texas Capital Bancshares Profile

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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, and wealth management services.

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Institutional Ownership by Quarter for Texas Capital Bancshares (NASDAQ:TCBI)

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