MetLife Investment Advisors LLC Takes $4.79 Million Position in Texas Capital Bancshares, Inc. (TCBI)

MetLife Investment Advisors LLC acquired a new position in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 53,890 shares of the bank’s stock, valued at approximately $4,791,000. MetLife Investment Advisors LLC owned about 0.11% of Texas Capital Bancshares as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. BlackRock Inc. lifted its holdings in shares of Texas Capital Bancshares by 1.2% during the 4th quarter. BlackRock Inc. now owns 5,308,145 shares of the bank’s stock worth $471,894,000 after acquiring an additional 63,941 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Texas Capital Bancshares by 4.8% during the 4th quarter. Bank of New York Mellon Corp now owns 1,204,593 shares of the bank’s stock worth $107,088,000 after acquiring an additional 55,390 shares during the last quarter. Eagle Asset Management Inc. lifted its holdings in shares of Texas Capital Bancshares by 8.6% during the 4th quarter. Eagle Asset Management Inc. now owns 843,181 shares of the bank’s stock worth $75,159,000 after acquiring an additional 67,020 shares during the last quarter. Channing Capital Management LLC lifted its holdings in shares of Texas Capital Bancshares by 3.7% during the 4th quarter. Channing Capital Management LLC now owns 767,180 shares of the bank’s stock worth $68,202,000 after acquiring an additional 27,224 shares during the last quarter. Finally, Carillon Tower Advisers Inc. bought a new stake in shares of Texas Capital Bancshares during the 4th quarter worth $42,292,000.

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

A number of analysts have recently issued reports on TCBI shares. Zacks Investment Research raised shares of Texas Capital Bancshares from a “hold” rating to a “buy” rating and set a $104.00 price objective for the company in a report on Tuesday, December 26th. Stephens reaffirmed a “hold” rating on shares of Texas Capital Bancshares in a report on Tuesday, March 6th. BidaskClub raised shares of Texas Capital Bancshares from a “sell” rating to a “hold” rating in a report on Wednesday, March 21st. SunTrust Banks reaffirmed a “buy” rating and set a $100.00 price objective on shares of Texas Capital Bancshares in a report on Wednesday, November 29th. Finally, Bank of America lifted their price objective on shares of Texas Capital Bancshares from $110.00 to $112.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $98.75.

Shares of Texas Capital Bancshares, Inc. (NASDAQ TCBI) opened at $88.00 on Monday. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.28 and a quick ratio of 1.23. The firm has a market cap of $4,370.17, a price-to-earnings ratio of 23.59, a price-to-earnings-growth ratio of 1.21 and a beta of 1.75. Texas Capital Bancshares, Inc. has a one year low of $69.65 and a one year high of $102.90.

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

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Texas Capital Bancshares Company Profile

Texas Capital Bancshares, Inc operates as the bank holding company for Texas Capital Bank, National Association that provides various banking products and services for commercial businesses, and professionals and entrepreneurs. It offers business deposit products and services, including commercial checking accounts, lockbox accounts, and cash concentration accounts, as well as other treasury management services, including information services, wire transfer initiation, ACH initiation, account transfer, and service integration; and consumer deposit products, such as checking accounts, savings accounts, money market accounts, and certificates of deposit.

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

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