Wells Fargo & Company MN Cuts Stake in Texas Capital Bancshares Inc (TCBI)

Wells Fargo & Company MN decreased its position in shares of Texas Capital Bancshares Inc (NASDAQ:TCBI) by 15.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 88,868 shares of the bank’s stock after selling 16,406 shares during the quarter. Wells Fargo & Company MN’s holdings in Texas Capital Bancshares were worth $7,900,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. First Trust Advisors LP grew its stake in shares of Texas Capital Bancshares by 9.7% during the 4th quarter. First Trust Advisors LP now owns 310,959 shares of the bank’s stock worth $27,644,000 after acquiring an additional 27,509 shares during the period. New Mexico Educational Retirement Board bought a new position in shares of Texas Capital Bancshares during the 4th quarter worth $1,093,000. Swiss National Bank grew its stake in shares of Texas Capital Bancshares by 2.5% during the 4th quarter. Swiss National Bank now owns 84,550 shares of the bank’s stock worth $7,516,000 after acquiring an additional 2,100 shares during the period. Teacher Retirement System of Texas grew its stake in shares of Texas Capital Bancshares by 310.7% during the 4th quarter. Teacher Retirement System of Texas now owns 16,840 shares of the bank’s stock worth $1,497,000 after acquiring an additional 12,740 shares during the period. Finally, Crossmark Global Holdings Inc. grew its stake in shares of Texas Capital Bancshares by 17.5% during the 4th quarter. Crossmark Global Holdings Inc. now owns 5,510 shares of the bank’s stock worth $490,000 after acquiring an additional 820 shares during the period.

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In other Texas Capital Bancshares news, Director Ian J. Turpin sold 1,186 shares of the firm’s stock in a transaction dated Friday, March 2nd. The stock was sold at an average price of $89.55, for a total value of $106,206.30. Following the sale, the director now owns 9,491 shares of the company’s stock, valued at approximately $849,919.05. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO C Keith Cargill purchased 2,000 shares of the stock in a transaction on Tuesday, February 6th. The stock was acquired at an average cost of $90.60 per share, for a total transaction of $181,200.00. Following the acquisition, the chief executive officer now owns 82,286 shares in the company, valued at $7,455,111.60. The disclosure for this purchase can be found here. Company insiders own 0.48% of the company’s stock.

Several research analysts have recently weighed in on the company. UBS assumed coverage on Texas Capital Bancshares in a research note on Thursday. They set a “sell” rating for the company. Barclays increased their price target on Texas Capital Bancshares from $87.00 to $103.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 2nd. Jefferies Group reiterated a “buy” rating on shares of Texas Capital Bancshares in a research note on Thursday, January 25th. Piper Jaffray Companies restated a “hold” rating and issued a $98.50 target price on shares of Texas Capital Bancshares in a research note on Tuesday, January 9th. Finally, Raymond James Financial upgraded Texas Capital Bancshares from a “market perform” rating to an “outperform” rating and set a $115.00 target price for the company in a research note on Thursday, January 25th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $98.75.

Texas Capital Bancshares stock opened at $88.00 on Friday. Texas Capital Bancshares Inc has a 12 month low of $69.65 and a 12 month high of $102.90. The company has a quick ratio of 1.23, a current ratio of 1.28 and a debt-to-equity ratio of 1.56. The company has a market capitalization of $4,526.61, a PE ratio of 23.59, a price-to-earnings-growth ratio of 1.25 and a beta of 1.75.

Texas Capital Bancshares (NASDAQ:TCBI) last issued its earnings results on Wednesday, January 24th. The bank reported $1.19 EPS for the quarter, topping the consensus estimate of $1.16 by $0.03. Texas Capital Bancshares had a return on equity of 10.85% and a net margin of 20.67%. The business had revenue of $230.02 million during the quarter, compared to the consensus estimate of $219.78 million. During the same quarter last year, the company earned $0.96 EPS. equities analysts expect that Texas Capital Bancshares Inc will post 6.07 earnings per share for the current year.

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Texas Capital Bancshares Company Profile

Texas Capital Bancshares, Inc is a bank holding and a financial holding company. The Company is the parent of Texas Capital Bank, National Association (the Bank). It offers a range of loan, deposit account and other financial products and services to its customers. It offers a range of products and services for its business customers, including commercial loans for general corporate purposes, including financing for working capital, internal growth, acquisitions and financing for business insurance premiums; medium- and long-term tax-exempt loans for municipalities and other governmental and tax-exempt entities; wealth management and trust services, and letters of credit.

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Institutional Ownership by Quarter for Texas Capital Bancshares (NASDAQ:TCBI)

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