Brandywine Global Investment Management LLC Lowers Position in Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Brandywine Global Investment Management LLC decreased its holdings in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 66.9% in the 4th quarter, Holdings Channel reports. The firm owned 48,043 shares of the bank’s stock after selling 97,280 shares during the period. Brandywine Global Investment Management LLC’s holdings in Texas Capital Bancshares were worth $3,757,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Picton Mahoney Asset Management bought a new position in Texas Capital Bancshares in the fourth quarter valued at $30,000. Assetmark Inc. purchased a new position in shares of Texas Capital Bancshares in the 4th quarter worth about $32,000. Venturi Wealth Management LLC bought a new position in shares of Texas Capital Bancshares during the 4th quarter valued at about $37,000. R Squared Ltd purchased a new position in shares of Texas Capital Bancshares during the 4th quarter valued at about $41,000. Finally, KBC Group NV lifted its position in Texas Capital Bancshares by 64.2% in the 4th 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. 96.88% of the stock is currently owned by institutional investors.

Insider Activity at Texas Capital Bancshares

In other news, Director Robert W. Stallings acquired 2,006 shares of the stock in a transaction on Monday, January 27th. The stock was acquired at an average price of $20.99 per share, with a total value of $42,105.94. Following the completion of the transaction, the director now owns 182,899 shares of the company’s stock, valued at $3,839,050.01. This represents a 1.11 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders have bought 29,402 shares of company stock worth $653,787 over the last ninety days. 1.72% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $95.00 price target (down from $100.00) on shares of Texas Capital Bancshares in a research report on Wednesday, January 29th. Hovde Group decreased their target price on shares of Texas Capital Bancshares from $90.00 to $84.00 and set a “market perform” rating on the stock in a research report on Friday, March 7th. StockNews.com raised shares of Texas Capital Bancshares from a “sell” rating to a “hold” rating in a research note on Friday, January 31st. Stephens reduced their price objective on Texas Capital Bancshares from $102.00 to $97.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 28th. Finally, DA Davidson lowered their target price on Texas Capital Bancshares from $90.00 to $87.00 and set a “neutral” rating for the company in a research note on Friday, January 24th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Texas Capital Bancshares presently has an average rating of “Hold” and a consensus target price of $80.43.

Texas Capital Bancshares Trading Down 0.5 %

NASDAQ:TCBI opened at $74.36 on Wednesday. The company has a 50-day moving average price of $77.80 and a 200-day moving average price of $78.83. The stock has a market cap of $3.43 billion, a price-to-earnings ratio of 58.09, a P/E/G ratio of 0.75 and a beta of 1.13. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.22. Texas Capital Bancshares, Inc. has a 12 month low of $54.68 and a 12 month high of $91.80.

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

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.