Barrow Hanley Mewhinney & Strauss LLC Sells 46,932 Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Barrow Hanley Mewhinney & Strauss LLC cut its holdings in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 3.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,237,567 shares of the bank’s stock after selling 46,932 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned approximately 2.68% of Texas Capital Bancshares worth $75,665,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in TCBI. Innealta Capital LLC bought a new stake in Texas Capital Bancshares during the 2nd quarter worth approximately $26,000. CWM LLC raised its position in Texas Capital Bancshares by 426.6% in the 1st quarter. CWM LLC now owns 674 shares of the bank’s stock valued at $41,000 after buying an additional 546 shares during the last quarter. Mather Group LLC. purchased a new stake in Texas Capital Bancshares in the 1st quarter valued at $50,000. Fidelis Capital Partners LLC bought a new position in Texas Capital Bancshares during the 1st quarter valued at $54,000. Finally, TFO Wealth Partners LLC boosted its holdings in Texas Capital Bancshares by 123,750.0% during the 4th quarter. TFO Wealth Partners LLC now owns 2,477 shares of the bank’s stock worth $160,000 after acquiring an additional 2,475 shares during the last quarter. Institutional investors and hedge funds own 96.88% of the company’s stock.

Insider Transactions at Texas Capital Bancshares

In related news, Director Robert W. Stallings acquired 15,000 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The shares were bought at an average cost of $20.00 per share, for a total transaction of $300,000.00. Following the purchase, the director now owns 20,000 shares in the company, valued at approximately $400,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Robert W. Stallings purchased 14,000 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The shares were purchased at an average price of $19.93 per share, with a total value of $279,020.00. Following the completion of the acquisition, the director now owns 55,294 shares in the company, valued at approximately $1,102,009.42. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Robert W. Stallings acquired 15,000 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The shares were acquired at an average cost of $20.00 per share, with a total value of $300,000.00. Following the purchase, the director now directly owns 20,000 shares of the company’s stock, valued at approximately $400,000. The disclosure for this purchase can be found here. Insiders purchased 43,500 shares of company stock valued at $876,400 over the last three months. Company insiders own 0.99% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on TCBI. Raymond James upgraded shares of Texas Capital Bancshares from a “market perform” rating to an “outperform” rating and set a $78.00 target price for the company in a report on Tuesday, September 17th. Jefferies Financial Group decreased their price objective on shares of Texas Capital Bancshares from $64.00 to $61.00 and set a “hold” rating for the company in a research note on Wednesday, July 3rd. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $74.00 target price on shares of Texas Capital Bancshares in a research note on Monday, September 9th. Citigroup reaffirmed a “sell” rating and set a $60.00 price target on shares of Texas Capital Bancshares in a research report on Monday, July 22nd. Finally, Truist Financial boosted their price objective on Texas Capital Bancshares from $70.00 to $80.00 and gave the stock a “hold” rating in a research report on Friday. Five analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. According to MarketBeat, Texas Capital Bancshares has a consensus rating of “Hold” and a consensus target price of $67.97.

Texas Capital Bancshares Price Performance

Shares of NASDAQ:TCBI opened at $72.00 on Friday. The firm has a market capitalization of $3.36 billion, a PE ratio of 21.82, a P/E/G ratio of 1.02 and a beta of 1.13. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 0.23. The company has a 50-day moving average price of $65.54 and a two-hundred day moving average price of $61.59. Texas Capital Bancshares, Inc. has a twelve month low of $52.89 and a twelve month high of $74.57.

Texas Capital Bancshares (NASDAQ:TCBI) last released its quarterly earnings data on Thursday, July 18th. The bank reported $0.80 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.06). Texas Capital Bancshares had a return on equity of 6.05% and a net margin of 8.08%. The business had revenue of $472.49 million during the quarter, compared to the consensus estimate of $268.02 million. During the same period last year, the business posted $1.33 earnings per share. Equities analysts forecast that Texas Capital Bancshares, Inc. will post 3.43 EPS for the current year.

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.