Swiss National Bank Sells 200 Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Swiss National Bank cut its position in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 0.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 90,850 shares of the bank’s stock after selling 200 shares during the quarter. Swiss National Bank owned approximately 0.20% of Texas Capital Bancshares worth $7,104,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Icon Wealth Advisors LLC bought a new position in Texas Capital Bancshares during the third quarter valued at approximately $31,000. Assetmark Inc. bought a new position in shares of Texas Capital Bancshares during the 4th quarter valued at $32,000. Venturi Wealth Management LLC purchased a new position in Texas Capital Bancshares in the 4th quarter worth $37,000. R Squared Ltd bought a new stake in Texas Capital Bancshares in the fourth quarter worth $41,000. Finally, KBC Group NV boosted its position in Texas Capital Bancshares by 64.2% during the fourth quarter. KBC Group NV now owns 2,172 shares of the bank’s stock valued at $170,000 after buying an additional 849 shares during the period. 96.88% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Robert W. Stallings acquired 5,670 shares of the stock in a transaction on Friday, January 24th. The stock was acquired at an average price 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 of the company’s stock, valued at $4,992,646.80. This represents a 3.24 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last ninety days, insiders acquired 29,402 shares of company stock worth $653,787. Insiders own 1.72% of the company’s stock.

Texas Capital Bancshares Trading Up 0.4 %

NASDAQ TCBI opened at $75.88 on Friday. The firm has a market capitalization of $3.50 billion, a PE ratio of 59.28, a P/E/G ratio of 0.75 and a beta of 1.13. The stock’s 50 day moving average is $78.25 and its 200 day moving average is $78.36. Texas Capital Bancshares, Inc. has a twelve month low of $54.68 and a twelve month high of $91.80. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.22.

Texas Capital Bancshares (NASDAQ:TCBI) last released its earnings results on Thursday, January 23rd. The bank reported $1.43 earnings per share for the quarter, topping 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%. Research analysts forecast that Texas Capital Bancshares, Inc. will post 5.84 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on TCBI. StockNews.com raised Texas Capital Bancshares from a “sell” rating to a “hold” rating in a research note on Friday, January 31st. Barclays boosted their price objective 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. JPMorgan Chase & Co. cut their target price on shares of Texas Capital Bancshares from $81.00 to $80.00 and set an “underweight” rating on the stock in a report on Friday, January 24th. Hovde Group lowered their price target on shares of Texas Capital Bancshares from $90.00 to $84.00 and set a “market perform” rating for the company in a report on Friday, March 7th. Finally, Stephens cut 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 report on Tuesday, January 28th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $79.47.

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.