Texas capital

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Shares purchased by Zurcher Kantonalbank Zurich Cantonalbank


Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Texas Capital Bancshares, Inc. (NASDAQ:TCBI – Get Rating) by 5.7% in Q1, reports Holdings Channel.com. The company held 6,443 shares of the bank after purchasing an additional 345 shares during the period. Zurcher Kantonalbank Zurcher Kantonalbank’s holdings in Texas Capital Bancshares were worth $369,000 at the end of the last reporting period.

Several other hedge funds and other institutional investors have also recently changed their positions in the stock. 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. Verdence Capital Advisors LLC acquired a new stake in Texas Capital Bancshares during the fourth quarter valued at $238,000. 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. Natixis Advisors LP acquired a new stake in Texas Capital Bancshares during the fourth quarter at a value of $626,000. Finally, State of Michigan Retirement System increased its stake in Texas Capital Bancshares by 1.6% during the fourth quarter. State of Michigan Retirement System now owns 12,861 shares of the bank worth $775,000 after acquiring 200 additional shares in the last quarter. Institutional investors and hedge funds own 97.77% of the company’s shares.

Analysts set new price targets

Several equity research analysts have published reports on the company. Raymond James upgraded 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 research note. TheStreet upgraded Texas Capital Bancshares from a “b-” to a “c+” rating in a Thursday, April 21 research note. Jefferies Financial Group raised its price target on Texas Capital Bancshares from $51.00 to $52.00 in a Monday July 11 research note. Truist Financial lowered its price target on Texas Capital Bancshares from $69.00 to $65.00 and set a “buy” rating for the company in a Wednesday, June 15 research note. Finally, StockNews.com upgraded Texas Capital Bancshares from a “hold” rating to a “sell” rating in a Thursday, April 14 research note. One financial analyst has assigned the stock a sell rating, four have issued a hold rating, three have assigned a buy rating and one has assigned the company’s stock a strong buy rating. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $66.97.

Insiders place their bets

In other news, Ragusa Director Elysia Holt purchased 2,000 shares of Texas Capital Bancshares in a trade dated 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 acquisition, the director now owns 14,164 shares of the company, valued at $791,909.24. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, Ragusa Director Elysia Holt purchased 2,000 shares of Texas Capital Bancshares in a trade dated 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 acquisition, the director now owns 14,164 shares of the company, valued at $791,909.24. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Additionally, director Larry L. Helm purchased 5,700 shares of Texas Capital Bancshares in a trade dated Monday, May 2. The shares were purchased at an average cost of $52.25 per share, with a total value of $297,825.00. Following the completion of the acquisition, the administrator now directly owns 77,858 shares of the company, valued at approximately $4,068,080.50. Disclosure of this purchase can be found here. Insiders acquired 20,700 shares of the company valued at $1,087,345 over the past ninety days. Insiders own 0.56% of the shares of the company.

Texas Capital Banc shares trade up 3.6%

NASDAQ: TCBI opened at $55.31 on Friday. The company has a market capitalization of $2.81 billion, a PE ratio of 14.00, a growth price-earnings ratio of 2.01 and a beta of 1.54. The stock has a fifty-day moving average price of $53.18 and a 200-day moving average price of $58.47. Texas Capital Bancshares, Inc. has a 12-month low of $48.79 and a 12-month high of $71.60. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt ratio of 0.33.

Texas Capital Bancshares (NASDAQ:TCBI – Get Rating) last reported results on Wednesday, April 20. The bank reported earnings per share (EPS) of $0.69 for the quarter, missing analyst consensus estimates of $0.73 per ($0.04). The company posted revenue of $203.83 million in the quarter, compared to $213.06 million expected by analysts. Texas Capital Bancshares had a net margin of 22.71% and a return on equity of 7.80%. The company’s revenue for the quarter was down 14.8% year over year. In the same quarter last year, the company posted earnings per share of $1.33. Sell-side analysts expect Texas Capital Bancshares, Inc. to post earnings per share of 3.37 for the current fiscal year.

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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