Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Stock Holdings Decreased by Raymond James & Associates

Raymond James & Associates lowered its stake in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 54.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 8,797 shares of the bank’s stock after selling 10,530 shares during the period. Raymond James & Associates’ holdings in Texas Capital Bancshares were worth $569,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of TCBI. Atwood & Palmer Inc. bought a new stake in shares of Texas Capital Bancshares during the 3rd quarter valued at about $47,000. Strs Ohio boosted its stake in Texas Capital Bancshares by 133.3% during the 3rd quarter. Strs Ohio now owns 2,100 shares of the bank’s stock valued at $123,000 after purchasing an additional 1,200 shares during the period. Anchor Investment Management LLC acquired a new position in Texas Capital Bancshares during the 4th quarter valued at about $152,000. Allspring Global Investments Holdings LLC boosted its stake in 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 purchasing an additional 535 shares during the period. Finally, Pathstone Family Office LLC acquired a new position in Texas Capital Bancshares during the 3rd quarter valued at about $214,000. Institutional investors own 96.88% of the company’s stock.

Insider Activity at Texas Capital Bancshares

In other news, Director Robert W. Stallings purchased 5,000 shares of Texas Capital Bancshares stock in a transaction that occurred on Friday, February 2nd. The stock was acquired at an average price of $18.81 per share, for a total transaction of $94,050.00. Following the transaction, the director now owns 140,706 shares in the company, valued at $2,646,679.86. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Robert W. Stallings bought 5,000 shares of the business’s stock in a transaction on Friday, February 2nd. The stock was bought at an average price of $18.81 per share, for a total transaction of $94,050.00. Following the transaction, the director now directly owns 140,706 shares in the company, valued at $2,646,679.86. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Robert W. Stallings bought 4,000 shares of the business’s stock in a transaction on Wednesday, January 31st. The stock was bought at an average price of $19.93 per share, with a total value of $79,720.00. Following the transaction, the director now owns 131,706 shares in the company, valued at $2,624,900.58. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 18,000 shares of company stock worth $422,650. 0.99% of the stock is owned by corporate insiders.

Texas Capital Bancshares Stock Down 2.5 %

Shares of NASDAQ:TCBI opened at $58.61 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market cap of $2.73 billion, a PE ratio of 17.76, a price-to-earnings-growth ratio of 2.11 and a beta of 1.19. Texas Capital Bancshares, Inc. has a 52 week low of $42.79 and a 52 week high of $66.18. The firm has a 50 day simple moving average of $58.97 and a 200 day simple moving average of $59.05.

Analyst Upgrades and Downgrades

TCBI has been the subject of a number of analyst reports. Citigroup reduced their target price on shares of Texas Capital Bancshares from $66.00 to $64.00 and set a “neutral” rating for the company in a research note on Wednesday, March 13th. Mizuho reissued a “hold” rating and set a $66.00 target price (down from $72.00) on shares of Texas Capital Bancshares in a research note on Monday, April 1st. Stephens reduced their target price on shares of Texas Capital Bancshares from $78.00 to $73.00 and set an “overweight” rating for the company in a research note on Friday, April 19th. Barclays assumed coverage on shares of Texas Capital Bancshares in a research note on Friday, March 8th. They issued an “underweight” rating and a $47.00 price target for the company. Finally, JPMorgan Chase & Co. reduced their price target on shares of Texas Capital Bancshares from $70.00 to $65.00 and set an “underweight” rating for the company in a research note on Thursday, April 4th. Four equities research 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’s stock. According to MarketBeat.com, Texas Capital Bancshares currently has a consensus rating of “Hold” and a consensus price target of $63.58.

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.