Folger Hill Asset Management LP reduced its position in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 47.2% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 53,518 shares of the company’s stock after selling 47,920 shares during the period. Folger Hill Asset Management LP owned 0.11% of Texas Capital Bancshares worth $4,196,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently added to or reduced their stakes in the company. Federated Investors Inc. PA bought a new stake in Texas Capital Bancshares during the fourth quarter worth approximately $128,000. Cantab Capital Partners LLP bought a new stake in Texas Capital Bancshares during the fourth quarter worth approximately $205,000. Flinton Capital Management LLC bought a new stake in Texas Capital Bancshares during the fourth quarter worth approximately $219,000. Strs Ohio boosted its stake in Texas Capital Bancshares by 5.0% in the third quarter. Strs Ohio now owns 4,200 shares of the company’s stock worth $230,000 after buying an additional 200 shares during the period. Finally, Amalgamated Bank bought a new stake in Texas Capital Bancshares during the second quarter worth approximately $271,000. Institutional investors own 95.46% of the company’s stock.

Institutional Ownership by Quarter for Texas Capital Bancshares (NASDAQ:TCBI)

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) traded down 0.23% during trading on Thursday, hitting $87.50. 392,606 shares of the stock traded hands. The firm’s 50-day moving average is $81.57 and its 200-day moving average is $65.67. Texas Capital Bancshares, Inc. has a 12 month low of $29.78 and a 12 month high of $89.50. The stock has a market cap of $4.33 billion, a P/E ratio of 28.14 and a beta of 1.41.

Texas Capital Bancshares (NASDAQ:TCBI) last released its earnings results on Wednesday, January 25th. The company reported $0.96 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.07. Texas Capital Bancshares had a net margin of 19.98% and a return on equity of 9.94%. During the same quarter last year, the business earned $0.70 EPS. On average, analysts forecast that Texas Capital Bancshares, Inc. will post $4.03 EPS for the current year.

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TCBI has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of Texas Capital Bancshares from a “hold” rating to a “buy” rating and set a $90.00 target price for the company in a research note on Wednesday, January 11th. Bank of America Corporation upgraded shares of Texas Capital Bancshares from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $74.00 to $90.00 in a research note on Thursday, December 15th. Jefferies Group LLC reiterated a “buy” rating and issued a $87.00 target price on shares of Texas Capital Bancshares in a research note on Sunday, December 11th. TheStreet upgraded shares of Texas Capital Bancshares from a “hold” rating to a “buy” rating in a research note on Tuesday, October 25th. Finally, Deutsche Bank AG cut shares of Texas Capital Bancshares from a “buy” rating to a “hold” rating and set a $66.00 target price for the company. in a research note on Friday, November 11th. Twelve research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Texas Capital Bancshares currently has a consensus rating of “Hold” and a consensus price target of $66.18.

About Texas Capital Bancshares

Texas Capital Bancshares, Inc is a bank holding and a financial holding company. The Company is the parent of Texas Capital Bank, National Association (the Bank). It offers a range of loans, deposit accounts and other financial products and services. It offers commercial loans for general corporate purposes, including financing for working capital, internal growth, acquisitions and financing for business insurance premiums; real estate term and construction loans; mortgage finance lending; equipment leasing; treasury management services; wealth management and trust services, and letters of credit.

5 Day Chart for NASDAQ:TCBI

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