Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Shares Sold by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System lessened its holdings in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 3.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 12,800 shares of the bank’s stock after selling 400 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Texas Capital Bancshares were worth $915,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of TCBI. AlphaMark Advisors LLC increased its position in shares of Texas Capital Bancshares by 2.6% in the third quarter. AlphaMark Advisors LLC now owns 5,396 shares of the bank’s stock valued at $386,000 after buying an additional 139 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Texas Capital Bancshares by 89.9% during the 3rd quarter. Blue Trust Inc. now owns 357 shares of the bank’s stock valued at $26,000 after buying an additional 169 shares in the last quarter. Tectonic Advisors LLC grew its stake in Texas Capital Bancshares by 1.1% in the 3rd quarter. Tectonic Advisors LLC now owns 22,818 shares of the bank’s stock valued at $1,631,000 after acquiring an additional 244 shares during the period. SummerHaven Investment Management LLC increased its holdings in Texas Capital Bancshares by 1.9% in the 2nd quarter. SummerHaven Investment Management LLC now owns 13,540 shares of the bank’s stock worth $828,000 after acquiring an additional 257 shares in the last quarter. Finally, CWM LLC raised its position in Texas Capital Bancshares by 40.8% during the second quarter. CWM LLC now owns 949 shares of the bank’s stock worth $58,000 after acquiring an additional 275 shares during the period. Institutional investors and hedge funds own 96.88% of the company’s stock.

Texas Capital Bancshares Stock Performance

Texas Capital Bancshares stock opened at $76.80 on Monday. The stock has a market cap of $3.55 billion, a price-to-earnings ratio of 426.67, a price-to-earnings-growth ratio of 0.73 and a beta of 1.12. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a 50 day simple moving average of $72.20 and a 200-day simple moving average of $64.86. Texas Capital Bancshares, Inc. has a 1-year low of $53.16 and a 1-year high of $82.25.

Analyst Ratings Changes

Several research analysts recently weighed in on TCBI shares. Citigroup restated a “sell” rating and set a $60.00 price target on shares of Texas Capital Bancshares in a research report on Monday, July 22nd. Stephens increased their target price on Texas Capital Bancshares from $73.00 to $75.00 and gave the company an “overweight” rating in a report on Friday, July 19th. Wedbush reaffirmed a “sector perform” rating on shares of Texas Capital Bancshares in a research note on Friday, October 18th. StockNews.com downgraded Texas Capital Bancshares from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th. Finally, Piper Sandler cut shares of Texas Capital Bancshares from an “overweight” rating to a “neutral” rating and lifted their target price for the stock from $77.00 to $82.00 in a research note on Friday, October 18th. Five equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $74.00.

Insider Buying and Selling

In other Texas Capital Bancshares news, Director Robert W. Stallings bought 20,000 shares of Texas Capital Bancshares stock in a transaction on Tuesday, October 22nd. The shares were bought at an average price of $21.28 per share, for a total transaction of $425,600.00. Following the completion of the transaction, the director now directly owns 84,587 shares of the company’s stock, valued at $1,800,011.36. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. 0.99% of the stock is currently owned by company insiders.

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.