Brandywine Global Investment Management LLC Has $3.76 Million Position in Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Brandywine Global Investment Management LLC decreased its holdings in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 66.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 48,043 shares of the bank’s stock after selling 97,280 shares during the period. Brandywine Global Investment Management LLC owned approximately 0.10% of Texas Capital Bancshares worth $3,757,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of TCBI. Vanguard Group Inc. raised its holdings in shares of Texas Capital Bancshares by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 4,697,274 shares of the bank’s stock worth $367,327,000 after acquiring an additional 20,245 shares during the last quarter. Geode Capital Management LLC increased its holdings in Texas Capital Bancshares by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,145,271 shares of the bank’s stock worth $81,856,000 after purchasing an additional 13,022 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Texas Capital Bancshares by 15.4% in the third quarter. Wellington Management Group LLP now owns 1,123,221 shares of the bank’s stock worth $80,265,000 after purchasing an additional 150,301 shares during the last quarter. William Blair Investment Management LLC lifted its holdings in shares of Texas Capital Bancshares by 2.5% in the fourth quarter. William Blair Investment Management LLC now owns 627,890 shares of the bank’s stock valued at $49,101,000 after purchasing an additional 15,320 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Texas Capital Bancshares by 0.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 572,539 shares of the bank’s stock valued at $44,773,000 after buying an additional 1,700 shares during the last quarter. Institutional investors and hedge funds own 96.88% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Hovde Group dropped their price objective on Texas Capital Bancshares from $90.00 to $84.00 and set a “market perform” rating on the stock in a research note on Friday, March 7th. Keefe, Bruyette & Woods restated an “outperform” rating and set a $95.00 price target (down from $100.00) on shares of Texas Capital Bancshares in a report on Wednesday, January 29th. Barclays increased their price objective on shares of Texas Capital Bancshares from $60.00 to $71.00 and gave the company an “underweight” rating in a research note on Thursday, December 5th. DA Davidson reduced their target price 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. Finally, Stephens decreased their price target on Texas Capital Bancshares from $102.00 to $97.00 and set an “overweight” rating for the company in a research report on Tuesday, January 28th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Texas Capital Bancshares presently has an average rating of “Hold” and a consensus target price of $80.43.

Texas Capital Bancshares Stock Performance

Shares of TCBI stock opened at $74.36 on Wednesday. The firm’s 50 day moving average is $77.80 and its 200 day moving average is $78.83. The stock has a market capitalization of $3.43 billion, a P/E ratio of 58.09, a PEG ratio of 0.75 and a beta of 1.13. Texas Capital Bancshares, Inc. has a 12 month low of $54.68 and a 12 month high of $91.80. 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 (NASDAQ:TCBI) last posted its earnings results on Thursday, January 23rd. The bank reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.36. Texas Capital Bancshares had a return on equity of 9.14% and a net margin of 3.99%. On average, sell-side analysts anticipate that Texas Capital Bancshares, Inc. will post 5.84 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Robert W. Stallings bought 7,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The shares were acquired at an average price of $20.43 per share, with a total value of $143,010.00. Following the acquisition, the director now owns 49,500 shares of the company’s stock, valued at approximately $1,011,285. The trade was a 16.47 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Insiders purchased a total of 29,402 shares of company stock worth $653,787 in the last quarter. 1.72% of the stock is owned by company insiders.

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.