Corebridge Financial Inc. Sells 4,058 Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Corebridge Financial Inc. trimmed its holdings in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 5.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 75,023 shares of the bank’s stock after selling 4,058 shares during the period. Corebridge Financial Inc. owned 0.16% of Texas Capital Bancshares worth $5,867,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of TCBI. Charles Schwab Investment Management Inc. raised its position in shares of Texas Capital Bancshares by 1.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 570,839 shares of the bank’s stock valued at $40,792,000 after acquiring an additional 10,171 shares during the last quarter. Bank of Montreal Can increased its holdings in Texas Capital Bancshares by 1.2% in the third quarter. Bank of Montreal Can now owns 30,900 shares of the bank’s stock valued at $2,178,000 after purchasing an additional 373 shares during the last quarter. FMR LLC lifted its stake in Texas Capital Bancshares by 28.9% in the third quarter. FMR LLC now owns 4,167 shares of the bank’s stock valued at $298,000 after buying an additional 935 shares during the period. BNP Paribas Financial Markets boosted its holdings in Texas Capital Bancshares by 141.4% during 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 during the last quarter. Finally, Blueshift Asset Management LLC acquired a new position in shares of Texas Capital Bancshares during the 3rd quarter worth about $215,000. 96.88% of the stock is currently owned by institutional investors and hedge funds.

Texas Capital Bancshares Trading Down 2.0 %

Shares of NASDAQ:TCBI opened at $73.79 on Friday. The stock has a market capitalization of $3.40 billion, a PE ratio of 57.65, a price-to-earnings-growth ratio of 0.75 and a beta of 1.13. The company’s 50-day moving average price is $78.06 and its two-hundred day moving average price is $78.68. 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 one year low of $54.68 and a one year high of $91.80.

Texas Capital Bancshares (NASDAQ:TCBI) last issued its quarterly earnings results 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, equities analysts forecast that Texas Capital Bancshares, Inc. will post 5.84 EPS for the current fiscal year.

Insider Buying and Selling

In other Texas Capital Bancshares news, Director Robert W. Stallings purchased 7,000 shares of Texas Capital Bancshares stock in a transaction that occurred on Tuesday, March 4th. The stock was acquired at an average price of $20.43 per share, for a total transaction of $143,010.00. Following the completion of the acquisition, the director now owns 49,500 shares of the company’s stock, valued at approximately $1,011,285. This trade represents a 16.47 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Over the last three months, insiders have bought 29,402 shares of company stock worth $653,787. Insiders own 1.72% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. StockNews.com raised shares of Texas Capital Bancshares from a “sell” rating to a “hold” rating in a research note on Friday, January 31st. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $95.00 price target (down from $100.00) on shares of Texas Capital Bancshares in a research report on Wednesday, January 29th. Barclays upped their price objective on shares of Texas Capital Bancshares from $60.00 to $71.00 and gave the company an “underweight” rating in a research report on Thursday, December 5th. JPMorgan Chase & Co. decreased their target price on Texas Capital Bancshares from $81.00 to $80.00 and set an “underweight” rating for the company in a research note on Friday, January 24th. Finally, DA Davidson dropped their price target on 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. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Texas Capital Bancshares presently has an average rating of “Hold” and a consensus price target of $79.47.

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.