Texas capital

Strs Ohio sells 4,900 shares of Texas Capital Bancshares, Inc. (NASDAQ: TCBI)


Strs Ohio reduced its holdings of Texas Capital Bancshares, Inc. (NASDAQ: TCBI – Get Rating) stock by 34.0% during the 1st quarter, according to its most recent Form 13F filed with the Securities and Exchange Commission (SEC). . The institutional investor held 9,500 shares of the bank after selling 4,900 shares during the period. Strs Ohio’s holdings in Texas Capital Bancshares were worth $544,000 at the end of the most recent reporting period.

Other hedge funds also bought and sold shares of the company. Profund Advisors LLC increased its stake in Texas Capital Bancshares by 5.2% during the fourth quarter. Profund Advisors LLC now owns 3,934 shares of the bank worth $237,000 after acquiring 196 additional shares in the last quarter. Inspire Investing LLC purchased a new stake in Texas Capital Bancshares during the first quarter worth approximately $237,000. Verdence Capital Advisors LLC purchased a new stake in Texas Capital Bancshares during the fourth quarter worth approximately $238,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Texas Capital Bancshares by 15.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,098 shares in the bank worth $367,000 after acquiring 821 additional shares in the last quarter. Finally, Teacher Retirement System of Texas increased its stake in Texas Capital Bancshares by 20.5% during the fourth quarter. Teacher Retirement System of Texas now owns 9,806 shares of the bank worth $591,000 after acquiring 1,668 additional shares in the last quarter. Institutional investors hold 97.77% of the company’s shares.

Analysts set new price targets

Several brokerages have published reports on TCBI. Truist Financial cut its price target on shares of Texas Capital Bancshares from $69.00 to $65.00 and set a “buy” rating for the company in a Wednesday, June 15 report. Raymond James upgraded shares of Texas Capital Bancshares from an “outperform” rating to a “strong buy” rating and set a target price of $70.00 for the company in a Thursday, July 7 report. StockNews.com moved shares of Texas Capital Bancshares from a “hold” rating to a “sell” rating in a Thursday, April 14 report. TheStreet reduced shares of Texas Capital Bancshares from a “b-” rating to a “c+” rating in a Thursday, April 21 report. Finally, Jefferies Financial Group raised its price target on shares of Texas Capital Bancshares from $51.00 to $52.00 in a Monday, July 11 report. An equity research analyst rated the stock with a sell rating, four gave the stock a hold rating, three gave the stock a buy rating, and one gave the stock a strong buy rating. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $66.97.

Insider Buying and Selling at Texas Capital Bancshares

In other Texas Capital Bancshares news, Director Robert W. Stallings purchased 8,000 shares of Texas Capital Bancshares in a transaction on Monday April 25th. The shares were acquired at an average cost of $52.65 per share, with a total value of $421,200.00. Following the completion of the acquisition, the administrator now owns 44,810 shares of the company, valued at $2,359,246.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available on the SEC’s website. In other Texas Capital Bancshares news, Director Robert W. Stallings purchased 8,000 shares of Texas Capital Bancshares in a transaction on Monday April 25th. The shares were acquired at an average cost of $52.65 per share, with a total value of $421,200.00. Following the completion of the acquisition, the administrator now owns 44,810 shares of the company, valued at $2,359,246.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available on the SEC’s website. Additionally, Ragusa director Elysia Holt purchased 2,000 shares of Texas Capital Bancshares in a trade on Thursday, June 2. The shares were acquired at an average cost of $55.91 per share, with a total value of $111,820.00. Following the completion of the acquisition, the director now owns 14,164 shares of the company, valued at approximately $791,909.24. Disclosure of this purchase can be found here. Over the past ninety days, insiders have acquired 20,700 shares of the company valued at $1,087,345. Insiders hold 0.56% of the shares of the company.

Texas Capital Bancshares Stock up 3.6%

TCBI opened at $55.31 on Monday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt ratio of 0.33. The company has a 50-day moving average price of $53.18 and a 200-day moving average price of $58.44. Texas Capital Bancshares, Inc. has a 12-month low of $48.79 and a 12-month high of $71.60. The stock has a market capitalization of $2.81 billion, a price/earnings ratio of 14.00, a PEG ratio of 2.01 and a beta of 1.54.

Texas Capital Bancshares (NASDAQ:TCBI – Get Rating) last released quarterly earnings data on Wednesday, April 20. The bank reported earnings per share of $0.69 for the quarter, missing the consensus estimate of $0.73 per ($0.04). Texas Capital Bancshares had a net margin of 22.71% and a return on equity of 7.80%. The company posted revenue of $203.83 million for the quarter, compared to $213.06 million expected by analysts. In the same period a year earlier, the company earned earnings per share of $1.33. The company’s revenue for the quarter was down 14.8% year over year. Equity research analysts expect Texas Capital Bancshares, Inc. to post earnings per share of 3.44 for the current year.

About 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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