Corebridge Financial Inc. Has $5.87 Million Holdings in Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Corebridge Financial Inc. decreased its holdings in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 5.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 75,023 shares of the bank’s stock after selling 4,058 shares during the period. Corebridge Financial Inc.’s holdings in Texas Capital Bancshares were worth $5,867,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Texas Capital Bancshares by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 4,697,274 shares of the bank’s stock valued at $367,327,000 after buying an additional 20,245 shares in the last quarter. Geode Capital Management LLC raised its holdings in Texas Capital Bancshares by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,145,271 shares of the bank’s stock valued at $81,856,000 after acquiring an additional 13,022 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Texas Capital Bancshares by 15.4% during the 3rd quarter. Wellington Management Group LLP now owns 1,123,221 shares of the bank’s stock valued at $80,265,000 after acquiring an additional 150,301 shares during the period. William Blair Investment Management LLC grew its holdings in shares of Texas Capital Bancshares by 2.5% during the 4th 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. increased its position in shares of 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 worth $44,773,000 after purchasing an additional 1,700 shares during the period. Institutional investors own 96.88% of the company’s stock.

Insider Buying and Selling

In other news, Director Robert W. Stallings purchased 2,006 shares of the company’s stock in a transaction dated Monday, January 27th. The shares were purchased at an average price of $20.99 per share, for a total transaction of $42,105.94. Following the transaction, the director now owns 182,899 shares of the company’s stock, valued at approximately $3,839,050.01. This trade represents a 1.11 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 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.

Wall Street Analysts Forecast Growth

TCBI has been the topic of a number of analyst reports. StockNews.com upgraded shares of Texas Capital Bancshares from a “sell” rating to a “hold” rating in a research note on Friday, January 31st. Barclays lifted their price objective on shares of Texas Capital Bancshares from $60.00 to $71.00 and gave the company an “underweight” rating in a research note on Thursday, December 5th. DA Davidson cut 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. Hovde Group decreased their price target on Texas Capital Bancshares from $90.00 to $84.00 and set a “market perform” rating on the stock in a research note on Friday, March 7th. Finally, Keefe, Bruyette & Woods restated an “outperform” rating and set a $95.00 price objective (down from $100.00) on shares of Texas Capital Bancshares in a research report on Wednesday, January 29th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Texas Capital Bancshares currently has a consensus rating of “Hold” and an average target price of $79.47.

Texas Capital Bancshares Trading Down 2.0 %

Shares of NASDAQ TCBI opened at $73.79 on Friday. The firm has a 50 day moving average price of $78.06 and a two-hundred day moving average price of $78.68. The stock has a market cap of $3.40 billion, a P/E ratio of 57.65, a price-to-earnings-growth ratio of 0.75 and a beta of 1.13. Texas Capital Bancshares, Inc. has a 52-week low of $54.68 and a 52-week high of $91.80. 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 earnings results on Thursday, January 23rd. The bank reported $1.43 earnings per share (EPS) for the quarter, topping 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%. As a group, equities analysts forecast 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.