KLP Kapitalforvaltning AS Invests $735,000 in Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

KLP Kapitalforvaltning AS bought a new stake in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) in the 4th quarter, Holdings Channel.com reports. The firm bought 9,400 shares of the bank’s stock, valued at approximately $735,000.

Several other large investors have also bought and sold shares of the company. Picton Mahoney Asset Management acquired a new stake in Texas Capital Bancshares in the 4th quarter valued at about $30,000. Assetmark Inc. bought a new stake in shares of Texas Capital Bancshares in the 4th quarter worth approximately $32,000. Venturi Wealth Management LLC acquired a new stake in Texas Capital Bancshares during the fourth quarter valued at approximately $37,000. R Squared Ltd bought a new stake in Texas Capital Bancshares during the fourth quarter worth approximately $41,000. Finally, KBC Group NV grew its position in Texas Capital Bancshares by 64.2% in the fourth quarter. KBC Group NV now owns 2,172 shares of the bank’s stock worth $170,000 after buying an additional 849 shares during the last quarter. Institutional investors own 96.88% of the company’s stock.

Insiders Place Their Bets

In other Texas Capital Bancshares news, Director Robert W. Stallings acquired 7,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The stock was purchased at an average cost of $20.43 per share, for a total transaction of $143,010.00. Following the completion of the acquisition, the director now owns 49,500 shares of the company’s stock, valued at approximately $1,011,285. This trade represents a 16.47 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders acquired 29,402 shares of company stock valued at $653,787 over the last ninety days. Corporate insiders own 1.72% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on TCBI shares. StockNews.com upgraded Texas Capital Bancshares from a “sell” rating to a “hold” rating in a research report on Friday, January 31st. Stephens decreased their price target on Texas Capital Bancshares from $102.00 to $97.00 and set an “overweight” rating for the company in a research report on Tuesday, January 28th. Barclays boosted their price objective on Texas Capital Bancshares from $60.00 to $71.00 and gave the stock an “underweight” rating in a report on Thursday, December 5th. JPMorgan Chase & Co. decreased their target price on shares of Texas Capital Bancshares from $81.00 to $80.00 and set an “underweight” rating for the company in a report on Friday, January 24th. Finally, Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $95.00 target price (down from $100.00) on shares of Texas Capital Bancshares in a research report on Wednesday, January 29th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Texas Capital Bancshares currently has an average rating of “Hold” and an average price target of $80.43.

Texas Capital Bancshares Stock Performance

Shares of NASDAQ TCBI opened at $74.36 on Wednesday. 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, Inc. has a one year low of $54.68 and a one year high of $91.80. The business’s 50-day moving average price is $77.80 and its two-hundred day moving average price is $78.83. The company has a market capitalization of $3.43 billion, a P/E ratio of 58.09, a price-to-earnings-growth ratio of 0.75 and a beta of 1.13.

Texas Capital Bancshares (NASDAQ:TCBI) last released its quarterly earnings data on Thursday, January 23rd. The bank reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.36. Texas Capital Bancshares had a return on equity of 9.14% and a net margin of 3.99%. Analysts anticipate that Texas Capital Bancshares, Inc. will post 5.84 earnings per share for the current fiscal year.

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.