Madison Investment Advisors LLC Takes Position in Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Madison Investment Advisors LLC acquired a new stake in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 56,113 shares of the bank’s stock, valued at approximately $4,388,000. Madison Investment Advisors LLC owned about 0.12% of Texas Capital Bancshares at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in TCBI. Wellington Management Group LLP boosted its holdings in shares of Texas Capital Bancshares by 15.4% in the 3rd quarter. Wellington Management Group LLP now owns 1,123,221 shares of the bank’s stock valued at $80,265,000 after buying an additional 150,301 shares during the last quarter. Jupiter Asset Management Ltd. acquired a new stake in Texas Capital Bancshares during the 4th quarter valued at $8,080,000. Fisher Asset Management LLC lifted its holdings in Texas Capital Bancshares by 26.9% during the 4th quarter. Fisher Asset Management LLC now owns 339,716 shares of the bank’s stock valued at $26,566,000 after purchasing an additional 72,109 shares during the last quarter. Jane Street Group LLC lifted its holdings in Texas Capital Bancshares by 107.2% during the 3rd quarter. Jane Street Group LLC now owns 132,672 shares of the bank’s stock valued at $9,481,000 after purchasing an additional 68,632 shares during the last quarter. Finally, Hodges Capital Management Inc. lifted its holdings in Texas Capital Bancshares by 32.5% during the 4th quarter. Hodges Capital Management Inc. now owns 252,973 shares of the bank’s stock valued at $19,782,000 after purchasing an additional 62,030 shares during the last quarter. Institutional investors and hedge funds own 96.88% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on TCBI shares. Stephens cut their price target on Texas Capital Bancshares from $102.00 to $97.00 and set an “overweight” rating for the company in a report on Tuesday, January 28th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $95.00 price target (down previously from $100.00) on shares of Texas Capital Bancshares in a report on Wednesday, January 29th. Hovde Group cut their price target 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. JPMorgan Chase & Co. cut their price target on 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, StockNews.com upgraded Texas Capital Bancshares from a “sell” rating to a “hold” rating in a research report on Friday, January 31st. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $79.47.

Insider Buying and Selling

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

Texas Capital Bancshares Stock Up 0.4 %

Shares of NASDAQ TCBI opened at $75.88 on Friday. The stock’s fifty day moving average is $78.25 and its 200 day moving average is $78.27. Texas Capital Bancshares, Inc. has a 52 week low of $54.68 and a 52 week high of $91.80. The stock has a market capitalization of $3.50 billion, a P/E ratio of 59.28, a PEG ratio of 0.75 and a beta of 1.13. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.00 and a current ratio of 1.00.

Texas Capital Bancshares (NASDAQ:TCBI) last announced its quarterly earnings results on Thursday, January 23rd. The bank reported $1.43 EPS for the quarter, beating 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%. Sell-side analysts forecast 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.