Texas capital

New York State Common Retirement Fund buys 30,793 shares of Texas Capital Bancshares, Inc. (NASDAQ: TCBI)


The New York State Common Retirement Fund increased its stake in Texas Capital Bancshares, Inc. (NASDAQ: TCBI – Get Rating) by 72.1% during the first quarter, according to the company in its latest 13F filing with the Securities & Exchange Commission. The institutional investor held 73,485 shares of the bank after purchasing an additional 30,793 shares during the quarter. The New York State Common Retirement Fund held approximately 0.14% of Texas Capital Banc shares worth $4,211,000 when it last filed with the Securities & Exchange Commission.

A number of other hedge funds have also recently changed their positions in the stock. Profund Advisors LLC increased its position in Texas Capital Bancshares by 5.2% in the fourth quarter. Profund Advisors LLC now owns 3,934 shares of the bank valued at $237,000 after acquiring 196 additional shares in the last quarter. Louisiana State Employees Retirement System increased its stake in shares of Texas Capital Bancshares by 2.3% in the 1st quarter. Louisiana State Employees Retirement System now owns 13,300 shares of the bank valued at $761,000 after acquiring 300 additional shares in the last quarter. LBJ Family Wealth Advisors Ltd. increased its stake in Texas Capital Bancshares by 1.5% in the first quarter. LBJ Family Wealth Advisors Ltd. now owns 21,516 shares of the bank worth $1,169,000 after buying 312 more shares in the last quarter. King Luther Capital Management Corp increased its position in shares of Texas Capital Bancshares by 0.5% during the fourth quarter. King Luther Capital Management Corp now owns 67,087 shares of the bank worth $4,042,000 after acquiring 345 additional shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Texas Capital Bancshares by 5.7% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,443 shares of the bank valued at $369,000 after purchasing an additional 345 shares during the period. 97.77% of the shares are held by institutional investors.

Texas Capital Banc shares trade up 2.1%

TCBI stock opened at $62.98 on Friday. The company has a market capitalization of $3.14 billion, a PE ratio of 19.50, a growth price-earnings ratio of 2.17 and a beta of 1.53. Texas Capital Bancshares, Inc. has a 52-week low of $48.79 and a 52-week high of $71.60. The company has a debt ratio of 0.34, a quick ratio of 1.02 and a current ratio of 1.02. The company’s 50-day simple moving average is $54.98 and its 200-day simple moving average is $57.71.

Texas Capital Bancshares (NASDAQ:TCBI – Get Rating) last announced its results on Thursday, July 21. The bank reported earnings per share (EPS) of $0.59 for the quarter, missing the consensus estimate of $0.74 per ($0.15). Texas Capital Bancshares had a return on equity of 6.48% and a net margin of 18.42%. During the same period of the previous year, the company achieved EPS of $1.31. As a group, sell-side analysts expect Texas Capital Bancshares, Inc. to post earnings per share of 3.42 for the current year.

Analysts set new price targets

TCBI has been the subject of a number of research reports. StockNews.com reduced shares of Texas Capital Bancshares from a “hold” rating to a “sell” rating in a Saturday, July 30, research note. Raymond James upgraded shares of Texas Capital Bancshares from an ‘outperform’ rating to a ‘strong buy’ rating and set a price target of $70.00 for the company in a Thursday research note July 7. Stephens raised his price target on shares of Texas Capital Bancshares to $66.00 in a Friday, July 22 report. TheStreet downgraded shares of Texas Capital Bancshares from a “b-” rating to a “c+” rating in a Thursday, April 21 research note. Finally, Wedbush raised its price target on Texas Capital Bancshares to $60.00 in a Monday, July 25 report. One equity research analyst gave the stock a sell rating, four gave the stock a hold rating, one gave the stock a buy rating and one gave the stock a strong buy rating. According to data from MarketBeat, Texas Capital Bancshares currently has an average rating of “Hold” and a consensus target price of $63.67.

Insider Activity at Texas Capital Bancshares

In other Texas Capital Bancshares news, Ragusa Director Elysia Holt purchased 2,000 shares of the company in a transaction that took place on Thursday, June 2. The shares were acquired at an average price of $55.91 per share, with a total value of $111,820.00. Following the transaction, the administrator now owns 14,164 shares of the company, valued at $791,909.24. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available via this link. In other Texas Capital Bancshares news, Director Robert W. Stallings bought 2,275 shares of the company in a deal that took place on Tuesday, August 2. The stock was purchased at an average cost of $58.84 per share, with a total value of $133,861.00. Following completion of the transaction, the director now owns 138,000 shares of the company, valued at approximately $8,119,920. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this hyperlink. Additionally, Ragusa director Elysia Holt acquired 2,000 shares of the company in a transaction on Thursday, June 2. The shares were acquired at an average cost of $55.91 per share, for a total transaction of $111,820.00. Following the transaction, the director now owns 14,164 shares of the company, valued at approximately $791,909.24. Disclosure of this purchase can be found here. Insiders have purchased 51,705 shares of the company valued at $2,813,783 over the past three months. Company insiders own 0.56% of the company’s shares.

Profile of Texas Capital Bancshares

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Texas Capital Bancshares, Inc. operates as a bank holding company for Texas Capital Bank, is a full-service financial services company that provides customized solutions to businesses, entrepreneurs and individuals. The Company offers commercial banking, retail banking, investment banking and wealth management.

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Want to see which other hedge funds own TCBI? Visit HoldingsChannel.com for the latest 13F filings and insider trading for Texas Capital Bancshares, Inc. (NASDAQ:TCBI – Get Rating).

Institutional ownership by quarter for Texas Capital Bancshares (NASDAQ:TCBI)



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