Fisher Asset Management LLC Grows Stock Holdings in Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Fisher Asset Management LLC boosted its holdings in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 26.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 339,716 shares of the bank’s stock after buying an additional 72,109 shares during the period. Fisher Asset Management LLC owned approximately 0.74% of Texas Capital Bancshares worth $26,566,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of TCBI. Icon Wealth Advisors LLC purchased a new position in shares of Texas Capital Bancshares during the 3rd quarter valued at $31,000. Venturi Wealth Management LLC purchased a new position in shares of Texas Capital Bancshares during the 4th quarter valued at $37,000. R Squared Ltd purchased a new position in shares of Texas Capital Bancshares during the 4th quarter valued at $41,000. Meeder Asset Management Inc. purchased a new position in shares of Texas Capital Bancshares during the 3rd quarter valued at $71,000. Finally, KBC Group NV grew its position in shares of Texas Capital Bancshares by 64.2% during the 4th quarter. KBC Group NV now owns 2,172 shares of the bank’s stock valued at $170,000 after purchasing an additional 849 shares in the last quarter. 96.88% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. JPMorgan Chase & Co. reduced their price target on shares of Texas Capital Bancshares from $81.00 to $80.00 and set an “underweight” rating for the company in a research report on Friday, January 24th. Stephens reduced their price target on shares of Texas Capital Bancshares from $102.00 to $97.00 and set an “overweight” rating for the company in a research report on Tuesday, January 28th. Keefe, Bruyette & Woods restated an “outperform” rating and set a $95.00 price target (down from $100.00) on shares of Texas Capital Bancshares in a research report on Wednesday, January 29th. DA Davidson dropped their price objective on shares of Texas Capital Bancshares from $90.00 to $87.00 and set a “neutral” rating for the company in a report on Friday, January 24th. Finally, StockNews.com raised shares of Texas Capital Bancshares from a “sell” rating to a “hold” rating in a report on Friday, January 31st. 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 company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $79.13.

Texas Capital Bancshares Stock Performance

NASDAQ TCBI opened at $78.10 on Tuesday. The company has a 50-day simple moving average of $79.14 and a two-hundred day simple moving average of $77.57. 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 12-month low of $54.68 and a 12-month high of $91.80. The firm has a market cap of $3.59 billion, a price-to-earnings ratio of 61.02, a PEG ratio of 0.75 and a beta of 1.16.

Texas Capital Bancshares (NASDAQ:TCBI) last posted its quarterly earnings results on Thursday, January 23rd. The bank reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate 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 forecast that Texas Capital Bancshares, Inc. will post 5.84 EPS for the current year.

Insider Buying and Selling at Texas Capital Bancshares

In other news, Director Robert W. Stallings acquired 2,006 shares of the stock in a transaction dated Monday, January 27th. The stock was purchased at an average cost of $20.99 per share, with a total value of $42,105.94. Following the completion of 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 position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders acquired a total of 22,402 shares of company stock worth $510,777 over the last three months. Company insiders own 0.99% of the company’s stock.

Texas Capital Bancshares Company 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.