Barrow Hanley Mewhinney & Strauss LLC Sells 44,201 Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Barrow Hanley Mewhinney & Strauss LLC lowered its position in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 3.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,189,375 shares of the bank’s stock after selling 44,201 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned about 2.57% of Texas Capital Bancshares worth $93,009,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Jane Street Group LLC boosted its stake in shares of Texas Capital Bancshares by 107.2% in the third quarter. Jane Street Group LLC now owns 132,672 shares of the bank’s stock worth $9,481,000 after acquiring an additional 68,632 shares during the period. US Bancorp DE boosted its stake in Texas Capital Bancshares by 1,575.0% in the 4th quarter. US Bancorp DE now owns 10,519 shares of the bank’s stock worth $823,000 after purchasing an additional 9,891 shares during the period. Victory Capital Management Inc. grew its holdings in Texas Capital Bancshares by 37.5% during the 4th quarter. Victory Capital Management Inc. now owns 96,397 shares of the bank’s stock valued at $7,538,000 after buying an additional 26,294 shares in the last quarter. Teachers Retirement System of The State of Kentucky raised its position in shares of Texas Capital Bancshares by 19.5% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 56,606 shares of the bank’s stock valued at $4,045,000 after buying an additional 9,225 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in shares of Texas Capital Bancshares by 141.4% in the third quarter. BNP Paribas Financial Markets now owns 22,321 shares of the bank’s stock worth $1,595,000 after buying an additional 13,074 shares in the last quarter. Hedge funds and other institutional investors own 96.88% of the company’s stock.

Insider Buying and Selling

In other Texas Capital Bancshares news, Director Robert W. Stallings acquired 2,006 shares of the stock in a transaction that occurred on Monday, January 27th. The stock was bought at an average cost of $20.99 per share, with a total value of $42,105.94. Following the completion of the purchase, the director now directly owns 182,899 shares in the company, valued at $3,839,050.01. The trade was a 1.11 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have bought a total of 29,402 shares of company stock valued at $653,787 over the last quarter. 1.72% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on TCBI. JPMorgan Chase & Co. reduced their price target on shares of Texas Capital Bancshares from $81.00 to $80.00 and set an “underweight” rating on the stock in a report on Friday, January 24th. Barclays lifted 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. Stephens dropped their price target on Texas Capital Bancshares from $102.00 to $97.00 and set an “overweight” rating for the company in a research note on Tuesday, January 28th. Hovde Group reduced 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. Finally, StockNews.com raised shares of Texas Capital Bancshares from a “sell” rating to a “hold” rating in a report on Friday, January 31st. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $79.47.

Texas Capital Bancshares Stock Down 2.0 %

Shares of TCBI opened at $73.79 on Friday. The firm has a fifty day moving average price of $78.06 and a 200-day moving average price of $78.68. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $3.40 billion, a P/E ratio of 57.65, a P/E/G 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.

Texas Capital Bancshares (NASDAQ:TCBI) last released its quarterly earnings data on Thursday, January 23rd. The bank reported $1.43 earnings per share (EPS) for the quarter, beating 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%. Equities research analysts expect that Texas Capital Bancshares, Inc. will post 5.84 earnings per share for the current year.

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.