Tower Research Capital LLC TRC acquired a new position in shares of Texas Capital Bancshares Inc. (NASDAQ:TCBI) during the second quarter, according to its most recent 13F filing with the SEC. The firm acquired 6,195 shares of the company’s stock, valued at approximately $290,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. PineBridge Investments L.P. boosted its position in Texas Capital Bancshares by 3.8% in the second quarter. PineBridge Investments L.P. now owns 5,821 shares of the company’s stock valued at $272,000 after buying an additional 215 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in Texas Capital Bancshares during the second quarter valued at $337,000. Vanguard Group Inc. boosted its position in Texas Capital Bancshares by 2.4% in the second quarter. Vanguard Group Inc. now owns 3,639,949 shares of the company’s stock valued at $170,204,000 after buying an additional 84,045 shares during the period. Principal Financial Group Inc. boosted its position in Texas Capital Bancshares by 2.7% in the second quarter. Principal Financial Group Inc. now owns 329,257 shares of the company’s stock valued at $15,396,000 after buying an additional 8,543 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in Texas Capital Bancshares by 0.7% in the second quarter. Dimensional Fund Advisors LP now owns 1,366,452 shares of the company’s stock valued at $63,894,000 after buying an additional 9,023 shares during the period.

Texas Capital Bancshares Inc. (NASDAQ:TCBI) opened at 52.81 on Thursday. The company has a 50 day moving average of $51.18 and a 200 day moving average of $46.08. The firm has a market capitalization of $2.43 billion, a P/E ratio of 19.49 and a beta of 1.48. Texas Capital Bancshares Inc. has a 1-year low of $29.78 and a 1-year high of $61.83.

Texas Capital Bancshares (NASDAQ:TCBI) last issued its quarterly earnings data on Wednesday, July 20th. The company reported $0.78 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.01. Texas Capital Bancshares had a return on equity of 9.14% and a net margin of 19.73%. During the same quarter last year, the business earned $0.76 earnings per share. On average, equities research analysts anticipate that Texas Capital Bancshares Inc. will post $2.98 earnings per share for the current year.

TCBI has been the subject of several research analyst reports. Bank of America Corp. cut shares of Texas Capital Bancshares from a “buy” rating to a “neutral” rating in a report on Wednesday, June 29th. TheStreet upgraded shares of Texas Capital Bancshares from a “hold” rating to a “buy” rating in a report on Thursday, June 23rd. FIG Partners restated a “market-perform” rating on shares of Texas Capital Bancshares in a report on Monday, June 6th. Citigroup Inc. cut shares of Texas Capital Bancshares to an “outperform” rating and increased their target price for the stock from $52.00 to $54.00 in a report on Thursday, July 21st. Finally, Compass Point began coverage on shares of Texas Capital Bancshares in a report on Friday, July 1st. They set a “buy” rating and a $54.00 target price for the company. Fourteen research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $50.82.

In other Texas Capital Bancshares news, Director James H. Browning sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, September 1st. The stock was sold at an average price of $52.55, for a total value of $131,375.00. Following the completion of the sale, the director now owns 8,314 shares of the company’s stock, valued at $436,900.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.08% of the company’s stock.

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.

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