Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Holdings Lifted by William Blair Investment Management LLC

William Blair Investment Management LLC raised its position in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 2.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 627,890 shares of the bank’s stock after purchasing an additional 15,320 shares during the quarter. William Blair Investment Management LLC owned approximately 1.36% of Texas Capital Bancshares worth $49,101,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Cibc World Markets Corp bought a new stake in shares of Texas Capital Bancshares during the 4th quarter worth about $339,000. Picton Mahoney Asset Management acquired a new stake in Texas Capital Bancshares during the fourth quarter worth $30,000. Madison Investment Advisors LLC acquired a new stake in Texas Capital Bancshares during the fourth quarter worth $4,388,000. Jupiter Asset Management Ltd. acquired a new stake in Texas Capital Bancshares during the fourth quarter worth $8,080,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Texas Capital Bancshares by 18.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,381 shares of the bank’s stock worth $968,000 after buying an additional 1,908 shares in the last quarter. Hedge funds and other institutional investors own 96.88% of the company’s stock.

Insider Activity at Texas Capital Bancshares

In other Texas Capital Bancshares news, Director Robert W. Stallings purchased 2,006 shares of the company’s stock in a transaction that occurred on Monday, January 27th. The shares were acquired at an average price of $20.99 per share, for a total transaction of $42,105.94. Following the purchase, the director now owns 182,899 shares in the company, valued at approximately $3,839,050.01. The trade was a 1.11 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. In the last quarter, insiders have acquired 29,402 shares of company stock worth $653,787. Company insiders own 1.72% of the company’s stock.

Texas Capital Bancshares Trading Up 1.3 %

NASDAQ:TCBI opened at $75.62 on Tuesday. The company has a market cap of $3.49 billion, a P/E ratio of 59.08, a price-to-earnings-growth ratio of 0.75 and a beta of 1.13. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.22. Texas Capital Bancshares, Inc. has a twelve month low of $54.68 and a twelve month high of $91.80. The business has a 50 day moving average price of $78.25 and a two-hundred day moving average price of $78.19.

Texas Capital Bancshares (NASDAQ:TCBI) last released its quarterly earnings data on Thursday, January 23rd. The bank reported $1.43 EPS 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%. As a group, analysts expect that Texas Capital Bancshares, Inc. will post 5.84 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently commented on TCBI. Barclays boosted their target price 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. Hovde Group dropped their price objective 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. StockNews.com raised Texas Capital Bancshares from a “sell” rating to a “hold” rating in a report on Friday, January 31st. Stephens lowered their price target on Texas Capital Bancshares from $102.00 to $97.00 and set an “overweight” rating for the company in a research note on Tuesday, January 28th. Finally, DA Davidson lowered their price target 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 investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Texas Capital Bancshares has an average rating of “Hold” and an average target price of $79.47.

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.