Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Shares Sold by Mesirow Institutional Investment Management Inc.

Mesirow Institutional Investment Management Inc. reduced its stake in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 15.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 186,346 shares of the bank’s stock after selling 33,457 shares during the period. Mesirow Institutional Investment Management Inc. owned approximately 0.40% of Texas Capital Bancshares worth $14,572,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TCBI. Vanguard Group Inc. raised its position in Texas Capital Bancshares by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 4,697,274 shares of the bank’s stock valued at $367,327,000 after purchasing an additional 20,245 shares in the last quarter. Geode Capital Management LLC grew its holdings in Texas Capital Bancshares by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,145,271 shares of the bank’s stock worth $81,856,000 after acquiring an additional 13,022 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Texas Capital Bancshares by 22.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 744,833 shares of the bank’s stock valued at $58,246,000 after purchasing an additional 138,734 shares during the last quarter. William Blair Investment Management LLC grew its stake in shares of Texas Capital Bancshares by 2.5% during the fourth quarter. William Blair Investment Management LLC now owns 627,890 shares of the bank’s stock worth $49,101,000 after purchasing an additional 15,320 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Texas Capital Bancshares by 0.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 572,539 shares of the bank’s stock valued at $44,773,000 after buying an additional 1,700 shares in the last quarter. 96.88% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on TCBI. Stephens cut their target price on Texas Capital Bancshares from $102.00 to $97.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 28th. Barclays cut their price objective on shares of Texas Capital Bancshares from $73.00 to $70.00 and set an “underweight” rating on the stock in a report on Tuesday, April 8th. DA Davidson cut their price target on shares of Texas Capital Bancshares from $90.00 to $87.00 and set a “neutral” rating on the stock in a research note on Friday, January 24th. StockNews.com raised Texas Capital Bancshares from a “sell” rating to a “hold” rating in a report on Friday, January 31st. Finally, Hovde Group reduced their target price on 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. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Texas Capital Bancshares presently has a consensus rating of “Hold” and a consensus target price of $80.36.

Insider Buying and Selling at Texas Capital Bancshares

In other news, Director Robert W. Stallings acquired 7,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 4th. The stock was purchased at an average cost of $20.43 per share, with a total value of $143,010.00. Following the purchase, the director now directly 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 acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last three months, insiders purchased 29,402 shares of company stock valued at $653,787. Corporate insiders own 1.72% of the company’s stock.

Texas Capital Bancshares Stock Performance

Shares of TCBI stock opened at $66.03 on Friday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.22. The stock has a 50 day simple moving average of $73.26 and a 200-day simple moving average of $78.06. The company has a market cap of $3.05 billion, a price-to-earnings ratio of 51.59, a price-to-earnings-growth ratio of 0.75 and a beta of 0.74. Texas Capital Bancshares, Inc. has a 12-month low of $56.24 and a 12-month high of $91.80.

Texas Capital Bancshares (NASDAQ:TCBI) last released its earnings results on Thursday, April 17th. The bank reported $0.92 EPS for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.07). The business had revenue of $280.48 million during the quarter, compared to analyst estimates of $284.40 million. Texas Capital Bancshares had a net margin of 3.99% and a return on equity of 9.14%. On average, equities analysts forecast that Texas Capital Bancshares, Inc. will post 5.84 EPS for the current year.

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.