American Century Companies Inc. Trims Position in Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

American Century Companies Inc. reduced its position in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 5.6% in the 4th quarter, Holdings Channel reports. The fund owned 581,063 shares of the bank’s stock after selling 34,715 shares during the period. American Century Companies Inc.’s holdings in Texas Capital Bancshares were worth $45,439,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of TCBI. Geode Capital Management LLC grew its position in shares of Texas Capital Bancshares by 1.2% in the third quarter. Geode Capital Management LLC now owns 1,145,271 shares of the bank’s stock valued at $81,856,000 after purchasing an additional 13,022 shares during the period. Wellington Management Group LLP boosted its stake in Texas Capital Bancshares by 15.4% in the 3rd quarter. Wellington Management Group LLP now owns 1,123,221 shares of the bank’s stock worth $80,265,000 after buying an additional 150,301 shares during the last quarter. William Blair Investment Management LLC grew its holdings in Texas Capital Bancshares by 2.5% in the 4th quarter. William Blair Investment Management LLC now owns 627,890 shares of the bank’s stock valued at $49,101,000 after buying an additional 15,320 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Texas Capital Bancshares by 0.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 572,539 shares of the bank’s stock valued at $44,773,000 after acquiring an additional 1,700 shares during the last quarter. Finally, Fisher Asset Management LLC lifted its holdings in shares of Texas Capital Bancshares by 26.9% during the 4th quarter. Fisher Asset Management LLC now owns 339,716 shares of the bank’s stock worth $26,566,000 after acquiring an additional 72,109 shares during the period. 96.88% of the stock is currently owned by institutional investors and hedge funds.

Texas Capital Bancshares Trading Down 1.4 %

NASDAQ TCBI opened at $75.31 on Friday. The stock has a market cap of $3.47 billion, a P/E ratio of 58.84, a PEG ratio of 0.75 and a beta of 1.13. The company’s fifty day simple moving average is $78.20 and its 200-day simple moving average is $78.56. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.22. Texas Capital Bancshares, Inc. has a 52 week low of $54.68 and a 52 week high of $91.80.

Texas Capital Bancshares (NASDAQ:TCBI) last issued its quarterly earnings data on Thursday, January 23rd. The bank reported $1.43 EPS for the quarter, topping 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%. Equities research analysts predict that Texas Capital Bancshares, Inc. will post 5.84 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on TCBI shares. StockNews.com upgraded shares of Texas Capital Bancshares from a “sell” rating to a “hold” rating in a report on Friday, January 31st. DA Davidson dropped their price objective on Texas Capital Bancshares from $90.00 to $87.00 and set a “neutral” rating for the company in a report on Friday, January 24th. Barclays increased their target price on Texas Capital Bancshares from $60.00 to $71.00 and gave the stock an “underweight” rating in a research report on Thursday, December 5th. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $95.00 price target (down previously from $100.00) on shares of Texas Capital Bancshares in a research report on Wednesday, January 29th. Finally, Hovde Group cut their price objective on 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 research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $79.47.

Insider Activity at Texas Capital Bancshares

In other Texas Capital Bancshares news, Director Robert W. Stallings acquired 5,670 shares of the company’s stock in a transaction on Friday, January 24th. The shares were bought at an average cost of $27.60 per share, for a total transaction of $156,492.00. Following the acquisition, the director now directly owns 180,893 shares of the company’s stock, valued at $4,992,646.80. This trade represents a 3.24 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last 90 days, insiders acquired 29,402 shares of company stock valued at $653,787. Insiders own 1.72% of the company’s stock.

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.