Jefferies Financial Group Inc. Reduces Holdings in Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Jefferies Financial Group Inc. reduced its position in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 6.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,650 shares of the bank’s stock after selling 1,150 shares during the quarter. Jefferies Financial Group Inc.’s holdings in Texas Capital Bancshares were worth $1,302,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Texas Capital Bancshares in the fourth quarter valued at about $42,050,000. Azora Capital LP purchased a new stake in Texas Capital Bancshares during the 4th quarter valued at about $25,232,000. Massachusetts Financial Services Co. MA raised its holdings in Texas Capital Bancshares by 22.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 744,833 shares of the bank’s stock valued at $58,246,000 after acquiring an additional 138,734 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Texas Capital Bancshares by 75.5% in the 4th quarter. JPMorgan Chase & Co. now owns 317,292 shares of the bank’s stock valued at $24,812,000 after acquiring an additional 136,507 shares during the last quarter. Finally, Jupiter Asset Management Ltd. acquired a new position in shares of Texas Capital Bancshares during the 4th quarter worth approximately $8,080,000. Hedge funds and other institutional investors own 96.88% of the company’s stock.

Texas Capital Bancshares Trading Up 0.2%

Shares of NASDAQ TCBI opened at $76.19 on Thursday. 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 stock has a market capitalization of $3.50 billion, a PE ratio of 59.52, a PEG ratio of 0.75 and a beta of 0.62. Texas Capital Bancshares, Inc. has a twelve month low of $56.24 and a twelve month high of $91.80. The stock has a fifty day simple moving average of $70.07 and a 200-day simple moving average of $77.32.

Texas Capital Bancshares (NASDAQ:TCBI) last released its earnings results on Thursday, April 17th. The bank reported $0.92 earnings per share for the quarter, missing the consensus estimate of $0.99 by ($0.07). The firm had revenue of $280.48 million during the quarter, compared to analyst estimates of $284.40 million. 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 earnings per share for the current year.

Insider Activity at Texas Capital Bancshares

In related news, Director Robert W. Stallings bought 4,500 shares of the firm’s stock in a transaction that occurred on Monday, April 21st. The stock was purchased at an average cost of $64.27 per share, for a total transaction of $289,215.00. Following the completion of the acquisition, the director now owns 288,131 shares in the company, valued at approximately $18,518,179.37. This trade represents a 1.59% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last quarter, insiders acquired 19,300 shares of company stock worth $850,815. Corporate insiders own 1.72% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on TCBI shares. Keefe, Bruyette & Woods cut their price target on Texas Capital Bancshares from $92.00 to $86.00 and set an “outperform” rating for the company in a report on Monday, April 21st. Piper Sandler dropped their target price on Texas Capital Bancshares from $84.00 to $74.00 and set a “neutral” rating for the company in a report on Monday, April 21st. Raymond James reduced their price target on Texas Capital Bancshares from $87.00 to $80.00 and set an “outperform” rating on the stock in a report on Monday, April 21st. Stephens dropped their price objective on shares of Texas Capital Bancshares from $95.00 to $90.00 and set an “overweight” rating for the company in a report on Monday, April 21st. Finally, StockNews.com raised 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, eight have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Texas Capital Bancshares currently has a consensus rating of “Hold” and an average price target of $76.64.

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.