Arrowstreet Capital Limited Partnership Has $14.66 Million Stock Holdings in Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Arrowstreet Capital Limited Partnership decreased its holdings in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 8.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 187,489 shares of the bank’s stock after selling 16,675 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Texas Capital Bancshares were worth $14,662,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Picton Mahoney Asset Management bought a new position in shares of Texas Capital Bancshares during the 4th quarter worth approximately $30,000. Assetmark Inc. acquired a new position in Texas Capital Bancshares during the fourth quarter worth $32,000. Venturi Wealth Management LLC bought a new position in shares of Texas Capital Bancshares during the fourth quarter valued at $37,000. R Squared Ltd acquired a new stake in shares of Texas Capital Bancshares in the 4th quarter valued at $41,000. Finally, KBC Group NV grew its holdings in shares of 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 purchasing an additional 849 shares during the last quarter. 96.88% of the stock is owned by institutional investors and hedge funds.

Texas Capital Bancshares Price Performance

Texas Capital Bancshares stock opened at $64.50 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 firm has a market capitalization of $2.98 billion, a P/E ratio of 50.39, a PEG ratio of 0.75 and a beta of 0.74. The business has a 50-day moving average of $77.21 and a 200-day moving average of $78.67. Texas Capital Bancshares, Inc. has a 1 year low of $54.68 and a 1 year high of $91.80.

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

Insider Activity at Texas Capital Bancshares

In other Texas Capital Bancshares news, Director Robert W. Stallings bought 7,000 shares of the firm’s stock in a transaction on Tuesday, February 4th. The stock was purchased at an average cost of $21.10 per share, with a total value of $147,700.00. Following the completion of the purchase, the director now owns 202,413 shares in the company, valued at approximately $4,270,914.30. The trade was a 3.58 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders bought a total of 29,402 shares of company stock worth $653,787 in the last quarter. Corporate insiders own 1.72% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on TCBI shares. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $95.00 target price (down previously from $100.00) on shares of Texas Capital Bancshares in a research note on Wednesday, January 29th. DA Davidson cut their price objective on Texas Capital Bancshares from $90.00 to $87.00 and set a “neutral” rating for the company in a research report on Friday, January 24th. Stephens decreased their target price on Texas Capital Bancshares from $102.00 to $97.00 and set an “overweight” rating on the stock in a report on Tuesday, January 28th. 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, Hovde Group decreased their price objective on shares of Texas Capital Bancshares from $90.00 to $84.00 and set a “market perform” rating on the stock in a report on Friday, March 7th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Texas Capital Bancshares has a consensus rating of “Hold” and a consensus price target of $80.43.

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.