American Century Companies Inc. Decreases Stake in Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

American Century Companies Inc. decreased its position in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 5.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 581,063 shares of the bank’s stock after selling 34,715 shares during the period. American Century Companies Inc. owned 1.26% of Texas Capital Bancshares worth $45,439,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of TCBI. Charles Schwab Investment Management Inc. raised its position in Texas Capital Bancshares by 1.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 570,839 shares of the bank’s stock valued at $40,792,000 after purchasing an additional 10,171 shares during the last quarter. Algert Global LLC raised its holdings in shares of Texas Capital Bancshares by 367.3% in the third quarter. Algert Global LLC now owns 22,316 shares of the bank’s stock valued at $1,595,000 after buying an additional 17,540 shares during the last quarter. Fisher Asset Management LLC boosted its stake in shares of Texas Capital Bancshares by 12.8% during the third quarter. Fisher Asset Management LLC now owns 267,607 shares of the bank’s stock worth $19,123,000 after buying an additional 30,395 shares during the period. Bank of Montreal Can grew its holdings in shares of Texas Capital Bancshares by 1.2% during the third quarter. Bank of Montreal Can now owns 30,900 shares of the bank’s stock worth $2,178,000 after buying an additional 373 shares during the last quarter. Finally, FMR LLC increased its position in Texas Capital Bancshares by 28.9% in the 3rd quarter. FMR LLC now owns 4,167 shares of the bank’s stock valued at $298,000 after acquiring an additional 935 shares during the period. 96.88% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Texas Capital Bancshares

In related news, Director Robert W. Stallings acquired 2,006 shares of Texas Capital Bancshares stock in a transaction dated Monday, January 27th. The shares were acquired at an average cost of $20.99 per share, for a total transaction of $42,105.94. Following the completion of the transaction, the director now directly owns 182,899 shares of the company’s stock, valued at $3,839,050.01. The trade was a 1.11 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders acquired a total of 29,402 shares of company stock valued at $653,787 in the last ninety days. Corporate insiders own 1.72% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on TCBI shares. DA Davidson lowered their target price on Texas Capital Bancshares from $90.00 to $87.00 and set a “neutral” rating on the stock in a research note on Friday, January 24th. JPMorgan Chase & Co. lowered their price objective on shares of Texas Capital Bancshares from $81.00 to $80.00 and set an “underweight” rating on the stock in a research report on Friday, January 24th. Keefe, Bruyette & Woods restated an “outperform” rating and set a $95.00 price objective (down previously from $100.00) on shares of Texas Capital Bancshares in a research report on Wednesday, January 29th. Barclays lifted their target price on shares of Texas Capital Bancshares from $60.00 to $71.00 and gave the company an “underweight” rating in a report on Thursday, December 5th. 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 equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $79.47.

Texas Capital Bancshares Stock Down 1.4 %

Texas Capital Bancshares stock opened at $75.31 on Friday. The firm has a market capitalization of $3.47 billion, a price-to-earnings ratio of 58.84, a price-to-earnings-growth ratio of 0.75 and a beta of 1.13. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.00 and a current ratio of 1.00. Texas Capital Bancshares, Inc. has a fifty-two week low of $54.68 and a fifty-two week high of $91.80. The stock’s fifty day moving average is $78.20 and its two-hundred day moving average is $78.56.

Texas Capital Bancshares (NASDAQ:TCBI) last posted its earnings results on Thursday, January 23rd. The bank reported $1.43 earnings per share 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%. Analysts predict that Texas Capital Bancshares, Inc. will post 5.84 EPS for the current fiscal year.

About Texas Capital Bancshares

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.