Nisa Investment Advisors LLC Sells 626 Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Nisa Investment Advisors LLC lowered its stake in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 6.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,994 shares of the bank’s stock after selling 626 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Texas Capital Bancshares were worth $581,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Tectonic Advisors LLC raised its position in shares of Texas Capital Bancshares by 20.3% during the 4th quarter. Tectonic Advisors LLC now owns 18,327 shares of the bank’s stock valued at $1,184,000 after buying an additional 3,094 shares in the last quarter. Pacer Advisors Inc. raised its position in shares of Texas Capital Bancshares by 80.4% during the 4th quarter. Pacer Advisors Inc. now owns 7,214 shares of the bank’s stock valued at $466,000 after buying an additional 3,216 shares in the last quarter. Moody National Bank Trust Division raised its position in shares of Texas Capital Bancshares by 71.5% during the 4th quarter. Moody National Bank Trust Division now owns 11,498 shares of the bank’s stock valued at $743,000 after buying an additional 4,795 shares in the last quarter. Anchor Investment Management LLC purchased a new stake in shares of Texas Capital Bancshares during the 4th quarter valued at $152,000. Finally, Vanguard Group Inc. raised its position in shares of Texas Capital Bancshares by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 4,820,025 shares of the bank’s stock valued at $283,899,000 after buying an additional 25,113 shares in the last quarter. Hedge funds and other institutional investors own 96.88% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. UBS Group raised their price objective on shares of Texas Capital Bancshares from $56.00 to $57.00 and gave the company a “sell” rating in a research report on Tuesday, January 23rd. JPMorgan Chase & Co. decreased their target price on shares of Texas Capital Bancshares from $70.00 to $65.00 and set an “underweight” rating on the stock in a research report on Thursday, April 4th. Barclays assumed coverage on shares of Texas Capital Bancshares in a research report on Friday, March 8th. They issued an “underweight” rating and a $47.00 target price on the stock. Citigroup decreased their target price on shares of Texas Capital Bancshares from $66.00 to $64.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 13th. Finally, Mizuho reiterated a “hold” rating and issued a $66.00 target price (down previously from $72.00) on shares of Texas Capital Bancshares in a research report on Monday, April 1st. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Texas Capital Bancshares has an average rating of “Hold” and an average target price of $64.45.

Texas Capital Bancshares Price Performance

Shares of Texas Capital Bancshares stock opened at $55.51 on Wednesday. The firm has a market cap of $2.63 billion, a PE ratio of 15.68, a price-to-earnings-growth ratio of 1.99 and a beta of 1.19. Texas Capital Bancshares, Inc. has a 12-month low of $42.79 and a 12-month high of $66.18. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.30. The company’s fifty day simple moving average is $59.03 and its two-hundred day simple moving average is $59.04.

Texas Capital Bancshares (NASDAQ:TCBI) last announced its quarterly earnings results on Thursday, January 18th. The bank reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.24). The firm had revenue of $245.85 million during the quarter, compared to the consensus estimate of $251.96 million. Texas Capital Bancshares had a return on equity of 7.28% and a net margin of 10.56%. During the same period last year, the business earned $0.87 EPS. As a group, equities analysts expect that Texas Capital Bancshares, Inc. will post 3.55 EPS for the current year.

Insiders Place Their Bets

In related news, Director Robert W. Stallings bought 5,000 shares of the business’s stock in a transaction dated Thursday, January 25th. The shares were purchased at an average price of $19.09 per share, with a total value of $95,450.00. Following the purchase, the director now owns 117,706 shares of the company’s stock, valued at approximately $2,247,007.54. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director Robert W. Stallings bought 5,000 shares of the business’s stock in a transaction dated Thursday, January 25th. The shares were purchased at an average price of $19.09 per share, with a total value of $95,450.00. Following the purchase, the director now owns 117,706 shares of the company’s stock, valued at approximately $2,247,007.54. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Thomas E. Long bought 2,000 shares of the business’s stock in a transaction dated Tuesday, February 27th. The shares were bought at an average cost of $58.78 per share, for a total transaction of $117,560.00. Following the purchase, the director now directly owns 7,542 shares in the company, valued at approximately $443,318.76. The disclosure for this purchase can be found here. Insiders have bought a total of 28,000 shares of company stock valued at $612,850 in the last quarter. Insiders own 1.53% of the company’s stock.

Texas Capital Bancshares 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.