William Blair Investment Management LLC Purchases 15,320 Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

William Blair Investment Management LLC grew its position in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 2.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 627,890 shares of the bank’s stock after buying an additional 15,320 shares during the quarter. William Blair Investment Management LLC’s holdings in Texas Capital Bancshares were worth $49,101,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in TCBI. Wellington Management Group LLP increased its position in Texas Capital Bancshares by 15.4% during the 3rd quarter. Wellington Management Group LLP now owns 1,123,221 shares of the bank’s stock worth $80,265,000 after buying an additional 150,301 shares during the period. Jupiter Asset Management Ltd. bought a new position in Texas Capital Bancshares during the 4th quarter worth $8,080,000. Fisher Asset Management LLC increased its position in Texas Capital Bancshares by 26.9% during the 4th quarter. Fisher Asset Management LLC now owns 339,716 shares of the bank’s stock worth $26,566,000 after buying an additional 72,109 shares during the period. Jane Street Group LLC increased its position in Texas Capital Bancshares by 107.2% during the 3rd quarter. Jane Street Group LLC now owns 132,672 shares of the bank’s stock worth $9,481,000 after buying an additional 68,632 shares during the period. Finally, Hodges Capital Management Inc. increased its position in Texas Capital Bancshares by 32.5% during the 4th quarter. Hodges Capital Management Inc. now owns 252,973 shares of the bank’s stock worth $19,782,000 after buying an additional 62,030 shares during the period. Institutional investors own 96.88% of the company’s stock.

Insider Activity

In related news, Director Robert W. Stallings acquired 2,006 shares of the stock in a transaction dated Monday, January 27th. The stock was bought 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 document filed with the Securities & Exchange Commission, which is available at this link. Over the last three months, insiders have bought 29,402 shares of company stock valued at $653,787. 1.72% of the stock is currently owned by corporate insiders.

Texas Capital Bancshares Stock Performance

Shares of TCBI stock opened at $75.62 on Tuesday. The business’s 50-day moving average price is $78.25 and its 200-day moving average price is $78.19. Texas Capital Bancshares, Inc. has a 12 month low of $54.68 and a 12 month high of $91.80. The firm has a market capitalization of $3.49 billion, a price-to-earnings ratio of 59.08, a PEG ratio of 0.75 and a beta of 1.13. 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 announced its quarterly earnings results on Thursday, January 23rd. The bank reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.36. Texas Capital Bancshares had a return on equity of 9.14% and a net margin of 3.99%. Equities research analysts forecast that Texas Capital Bancshares, Inc. will post 5.84 EPS for the current year.

Wall Street Analysts Forecast Growth

TCBI has been the topic of several analyst reports. DA Davidson reduced their target price on Texas Capital Bancshares from $90.00 to $87.00 and set a “neutral” rating on the stock in a report on Friday, January 24th. JPMorgan Chase & Co. reduced their target price on Texas Capital Bancshares from $81.00 to $80.00 and set an “underweight” rating on the stock in a report on Friday, January 24th. Hovde Group reduced their target price on Texas Capital Bancshares from $90.00 to $84.00 and set a “market perform” rating on the stock in a report on Friday, March 7th. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $95.00 target price (down from $100.00) on shares of Texas Capital Bancshares in a report on Wednesday, January 29th. Finally, Barclays increased their target price on Texas Capital Bancshares from $60.00 to $71.00 and gave the stock an “underweight” rating in a report on Thursday, December 5th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Texas Capital Bancshares has a consensus rating of “Hold” and an average price target of $79.47.

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.