Texas capital

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Shares Acquired by Teacher Retirement System of Texas


Teacher Retirement System of Texas increased its stake in Texas Capital Bancshares, Inc. (NASDAQ:TCBI – Get Rating) by 5.3% during the first quarter, HoldingsChannel reports. The company held 10,322 shares of the bank after purchasing an additional 516 shares during the quarter. The Teacher Retirement System of Texas holdings in Texas Capital Bancshares were worth $592,000 when it was last filed with the Securities and Exchange Commission.

A number of other institutional investors also changed their holdings in TCBI. Exane Derivatives acquired a new position in shares of Texas Capital Bancshares in the first quarter worth approximately $108,000. Carl Stuart Investment Advisor Inc. acquired a new position in shares of Texas Capital Bancshares in the first quarter worth approximately $115,000. Profund Advisors LLC increased its holdings 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 during the period. Inspire Investing LLC acquired a new position in Texas Capital Bancshares during the first quarter worth $237,000. Finally, Verdence Capital Advisors LLC increased its stake in Texas Capital Bancshares by 17.3% during the first quarter. Verdence Capital Advisors LLC now owns 4,637 shares of the bank worth $266,000 after acquiring an additional 683 shares during the period. Institutional investors and hedge funds own 97.77% of the company’s shares.

Insider activity

In a similar vein, Ragusa director Elysia Holt acquired 2,000 shares of Texas Capital Bancshares in a transaction dated 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 completion of the transaction, the administrator now directly owns 14,164 shares of the company, valued at $791,909.24. The transaction was disclosed in a legal filing with the SEC, accessible via this link. In a similar vein, Ragusa director Elysia Holt acquired 2,000 shares of Texas Capital Bancshares in a transaction dated 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 completion of the transaction, the administrator now directly owns 14,164 shares of the company, valued at $791,909.24. The transaction was disclosed in a legal filing with the SEC, accessible via this link. Additionally, director Robert W. Stallings acquired 2,430 shares of Texas Capital Bancshares in a transaction dated Monday, July 25. The stock was purchased at an average price of $22.54 per share, for a total transaction of $54,772.20. Following completion of the transaction, the administrator now directly owns 2,340 shares of the company, valued at $52,743.60. Disclosure of this purchase can be found here. Insiders have purchased 59,705 shares of the company worth $3,336,583 over the past three months. 0.56% of the shares are currently held by company insiders.

Changes to analyst ratings

TCBI has been the subject of a number of recent analyst reports. Raymond James upgraded Texas Capital Bancshares from an “outperform” rating to a “strong buy” rating and set a $70.00 price target on the stock in a Thursday, July 7 report. Stephens raised his price target on Texas Capital Bancshares to $66.00 in a Friday, July 22 report. Wedbush raised its price target on Texas Capital Bancshares to $60.00 in a Monday, July 25 report. Truist Financial lowered its price target on Texas Capital Bancshares from $69.00 to $65.00 and set a “buy” rating on the stock in a Wednesday, June 15 report. Finally, StockNews.com downgraded Texas Capital Bancshares from a “hold” rating to a “sell” rating in a Saturday, July 30 report. One analyst rated the stock with a sell rating, four issued a hold rating, one issued a buy rating and one issued a strong buy rating for the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $63.67.

Texas Capital Bancshares Stock down 2.1%

TCBI opened at $63.50 on Monday. The company’s fifty-day moving average is $56.22 and its two-hundred-day moving average is $57.68. The company has a debt ratio of 0.34, a quick ratio of 1.02 and a current ratio of 1.02. The company has a market capitalization of $3.17 billion, a price-earnings ratio of 19.66, a PEG ratio of 2.31 and a beta of 1.53. Texas Capital Bancshares, Inc. has a one-year low of $48.79 and a one-year high of $71.60.

Texas Capital Bancshares (NASDAQ:TCBI – Get Rating) last released quarterly earnings data 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 net margin of 18.42% and a return on equity of 6.48%. In the same period a year earlier, the company earned earnings per share of $1.31. Analysts expect Texas Capital Bancshares, Inc. to post EPS of 3.43 for the current fiscal 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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