Victory Capital Management Inc. Acquires 26,294 Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Victory Capital Management Inc. raised its holdings in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI – Free Report) by 37.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 96,397 shares of the bank’s stock after purchasing an additional 26,294 shares during the period. Victory Capital Management Inc. owned 0.21% of Texas Capital Bancshares worth $7,538,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Icon Wealth Advisors LLC acquired a new position in Texas Capital Bancshares during the 3rd quarter valued at about $31,000. Venturi Wealth Management LLC acquired a new position in Texas Capital Bancshares during the 4th quarter valued at about $37,000. R Squared Ltd acquired a new position in Texas Capital Bancshares during the 4th quarter valued at about $41,000. Meeder Asset Management Inc. acquired a new position in Texas Capital Bancshares during the 3rd quarter valued at about $71,000. Finally, KBC Group NV lifted its position in Texas Capital Bancshares by 64.2% during the 4th quarter. KBC Group NV now owns 2,172 shares of the bank’s stock valued at $170,000 after purchasing an additional 849 shares during the period. 96.88% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director Robert W. Stallings bought 2,006 shares of the company’s stock in a transaction dated Monday, January 27th. The stock was bought at an average price of $20.99 per share, with a total value of $42,105.94. Following the completion of the acquisition, the director now owns 182,899 shares of the company’s stock, valued at $3,839,050.01. This represents a 1.11 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Insiders acquired 29,402 shares of company stock valued at $653,787 in the last quarter. 1.72% of the stock is currently owned by insiders.

Shares of TCBI traded up $3.19 during mid-day trading on Friday, hitting $74.65. 453,813 shares of the company’s stock were exchanged, compared to its average volume of 412,057. The company has a market cap of $3.44 billion, a PE ratio of 58.32, a P/E/G ratio of 0.75 and a beta of 1.13. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.00 and a quick ratio of 1.00. Texas Capital Bancshares, Inc. has a 52 week low of $54.68 and a 52 week high of $91.80. The company has a 50-day simple moving average of $78.29 and a 200 day simple moving average of $77.96.

Texas Capital Bancshares (NASDAQ:TCBI – Get Free Report) last released its quarterly earnings data on Thursday, January 23rd. The bank reported $1.43 EPS for the quarter, beating the consensus estimate of $1.07 by $0.36. Texas Capital Bancshares had a return on equity of 9.14% and a net margin of 3.99%. On average, research analysts forecast that Texas Capital Bancshares, Inc. will post 5.84 earnings per share for the current fiscal year.

TCBI has been the topic of a number of analyst reports. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $95.00 price target (down from $100.00) on shares of Texas Capital Bancshares in a research report on Wednesday, January 29th. JPMorgan Chase & Co. cut 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 research report on Friday, January 24th. StockNews.com upgraded shares of Texas Capital Bancshares from a “sell” rating to a “hold” rating in a research report on Friday, January 31st. DA Davidson cut their price target on shares of Texas Capital Bancshares from $90.00 to $87.00 and set a “neutral” rating on the stock in a research report on Friday, January 24th. Finally, Hovde Group lowered their target price 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. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $79.47.

Check Out Our Latest Stock Analysis on TCBI

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.

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