Prudential Financial Inc. Has $12.13 Million Stock Holdings in Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Prudential Financial Inc. boosted its position in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 104.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 155,135 shares of the bank’s stock after acquiring an additional 79,290 shares during the period. Prudential Financial Inc. owned approximately 0.34% of Texas Capital Bancshares worth $12,132,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Picton Mahoney Asset Management acquired a new stake in shares of Texas Capital Bancshares during the 4th quarter worth approximately $30,000. Assetmark Inc. acquired a new stake in Texas Capital Bancshares during the fourth quarter worth $32,000. Venturi Wealth Management LLC bought a new stake in Texas Capital Bancshares in the 4th quarter valued at $37,000. R Squared Ltd bought a new position in shares of Texas Capital Bancshares during the 4th quarter worth about $41,000. Finally, Icon Wealth Advisors LLC bought a new position in shares of Texas Capital Bancshares during the 3rd quarter worth about $103,000. Institutional investors and hedge funds own 96.88% of the company’s stock.

Texas Capital Bancshares Trading Down 2.0 %

Shares of NASDAQ TCBI opened at $73.79 on Friday. Texas Capital Bancshares, Inc. has a 1-year low of $54.68 and a 1-year high of $91.80. The company has a 50-day moving average of $78.06 and a two-hundred day moving average of $78.61. The company has a market cap of $3.40 billion, a PE ratio of 57.65, a P/E/G 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 posted its quarterly earnings data on Thursday, January 23rd. The bank reported $1.43 earnings per share for the quarter, topping 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%. As a group, equities analysts expect that Texas Capital Bancshares, Inc. will post 5.84 earnings per share for the current fiscal year.

Insider Activity

In other Texas Capital Bancshares news, Director Robert W. Stallings purchased 5,670 shares of the company’s stock in a transaction that occurred on Friday, January 24th. The stock was acquired at an average cost of $27.60 per share, with a total value of $156,492.00. Following the completion of the purchase, the director now directly owns 180,893 shares in the company, valued at approximately $4,992,646.80. This represents a 3.24 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have bought 29,402 shares of company stock valued at $653,787 over the last 90 days. 1.72% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Stephens dropped their price target on shares of 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. Keefe, Bruyette & Woods restated an “outperform” rating and set a $95.00 target price (down previously from $100.00) on shares of Texas Capital Bancshares in a research report on Wednesday, January 29th. DA Davidson decreased their price target 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. Hovde Group dropped their price objective on Texas Capital Bancshares from $90.00 to $84.00 and set a “market perform” rating for the company in a research note on Friday, March 7th. Finally, StockNews.com upgraded shares of Texas Capital Bancshares from a “sell” rating to a “hold” rating in a research note on Friday, January 31st. 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $79.47.

Texas Capital Bancshares 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.