Wellington Management Group LLP Purchases 150,301 Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Wellington Management Group LLP grew its position in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 15.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,123,221 shares of the bank’s stock after acquiring an additional 150,301 shares during the period. Wellington Management Group LLP owned 2.43% of Texas Capital Bancshares worth $80,265,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Jacobs Levy Equity Management Inc. boosted its stake in Texas Capital Bancshares by 0.6% in the third quarter. Jacobs Levy Equity Management Inc. now owns 308,222 shares of the bank’s stock worth $22,026,000 after purchasing an additional 1,687 shares in the last quarter. Hotchkis & Wiley Capital Management LLC raised its holdings in shares of Texas Capital Bancshares by 1.1% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 46,940 shares of the bank’s stock valued at $3,354,000 after buying an additional 500 shares during the last quarter. HighTower Advisors LLC lifted its position in Texas Capital Bancshares by 13.5% during the 3rd quarter. HighTower Advisors LLC now owns 12,608 shares of the bank’s stock worth $902,000 after buying an additional 1,497 shares in the last quarter. Edgestream Partners L.P. bought a new stake in Texas Capital Bancshares during the 3rd quarter worth about $2,921,000. Finally, Verition Fund Management LLC acquired a new stake in Texas Capital Bancshares in the 3rd quarter valued at about $530,000. 96.88% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Texas Capital Bancshares

In other news, Director Robert W. Stallings acquired 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 22nd. The stock was acquired at an average cost of $21.28 per share, for a total transaction of $425,600.00. Following the completion of the acquisition, the director now owns 84,587 shares in the company, valued at $1,800,011.36. This represents a 30.97 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.99% of the stock is owned by insiders.

Texas Capital Bancshares Stock Down 0.0 %

NASDAQ:TCBI opened at $85.42 on Wednesday. Texas Capital Bancshares, Inc. has a 1 year low of $54.68 and a 1 year high of $91.80. The stock has a 50-day moving average price of $81.61 and a two-hundred day moving average price of $69.94. The stock has a market cap of $3.95 billion, a price-to-earnings ratio of 474.56, a PEG ratio of 0.83 and a beta of 1.14. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.22.

Texas Capital Bancshares (NASDAQ:TCBI) last issued its quarterly earnings data on Thursday, October 17th. The bank reported $1.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.65. The business had revenue of $304.91 million during the quarter, compared to analyst estimates of $279.64 million. Texas Capital Bancshares had a return on equity of 8.06% and a net margin of 1.40%. As a group, equities analysts expect that Texas Capital Bancshares, Inc. will post 4.15 earnings per share for the current year.

Analyst Upgrades and Downgrades

TCBI has been the topic of several research analyst reports. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $74.00 price target on shares of Texas Capital Bancshares in a research note on Monday, September 9th. Raymond James upgraded Texas Capital Bancshares from a “market perform” rating to an “outperform” rating and set a $78.00 price objective on the stock in a research report on Tuesday, September 17th. Barclays boosted their target price on Texas Capital Bancshares from $60.00 to $71.00 and gave the stock an “underweight” rating in a research report on Thursday, December 5th. Hovde Group lifted their price objective on Texas Capital Bancshares from $73.00 to $79.00 and gave the stock a “market perform” rating in a research report on Friday, October 18th. Finally, Royal Bank of Canada boosted their price objective on Texas Capital Bancshares from $73.00 to $83.00 and gave the stock a “sector perform” rating in a report on Friday, October 18th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $74.69.

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.