New York State Common Retirement Fund Decreases Stock Position in Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

New York State Common Retirement Fund decreased its stake in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 14.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 164,625 shares of the bank’s stock after selling 27,230 shares during the quarter. New York State Common Retirement Fund’s holdings in Texas Capital Bancshares were worth $12,874,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Blue Trust Inc. grew its position in shares of Texas Capital Bancshares by 89.9% during the third quarter. Blue Trust Inc. now owns 357 shares of the bank’s stock worth $26,000 after buying an additional 169 shares in the last quarter. Icon Wealth Advisors LLC purchased a new position in Texas Capital Bancshares in the third quarter worth approximately $31,000. Venturi Wealth Management LLC acquired a new position in Texas Capital Bancshares during the 4th quarter worth approximately $37,000. R Squared Ltd purchased a new stake in shares of Texas Capital Bancshares in the 4th quarter valued at approximately $41,000. Finally, Meeder Asset Management Inc. acquired a new stake in shares of Texas Capital Bancshares in the 3rd quarter valued at $71,000. Institutional investors and hedge funds own 96.88% of the company’s stock.

Texas Capital Bancshares Stock Down 1.8 %

Shares of NASDAQ:TCBI opened at $79.58 on Monday. Texas Capital Bancshares, Inc. has a 1-year low of $54.68 and a 1-year high of $91.80. The stock has a market cap of $3.66 billion, a P/E ratio of 62.17, a P/E/G ratio of 0.75 and a beta of 1.16. The firm has a fifty day moving average price of $79.24 and a 200 day moving average price of $76.77. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.00 and a quick ratio of 1.00.

Texas Capital Bancshares (NASDAQ:TCBI) last posted 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%. Sell-side analysts predict that Texas Capital Bancshares, Inc. will post 5.84 EPS for the current year.

Analysts Set New Price Targets

TCBI has been the subject of a number of analyst reports. Barclays boosted their target price on shares of Texas Capital Bancshares from $60.00 to $71.00 and gave the stock an “underweight” rating in a research note on Thursday, December 5th. Keefe, Bruyette & Woods reaffirmed 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. DA Davidson cut their target price on Texas Capital Bancshares from $90.00 to $87.00 and set a “neutral” rating on the stock in a research report on Friday, January 24th. JPMorgan Chase & Co. lowered 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 shares of Texas Capital Bancshares from a “sell” rating to a “hold” rating in a research note on Friday, January 31st. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Texas Capital Bancshares currently has a consensus rating of “Hold” and an average price target of $79.13.

Insider Transactions at Texas Capital Bancshares

In other news, Director Robert W. Stallings bought 2,006 shares of the stock in a transaction dated Monday, January 27th. The shares were acquired at an average price of $20.99 per share, with a total value of $42,105.94. Following the completion of the acquisition, the director now directly 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 Securities & Exchange Commission, which is accessible through this hyperlink. Insiders purchased 22,402 shares of company stock worth $510,777 over the last 90 days. 0.99% of the stock is currently owned by insiders.

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.