16,300 Shares in Texas Capital Bancshares, Inc. $TCBI Purchased by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) during the 2nd quarter, HoldingsChannel reports. The fund acquired 16,300 shares of the bank’s stock, valued at approximately $1,683,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Texas Capital Bancshares by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,603 shares of the bank’s stock worth $2,062,000 after purchasing an additional 1,206 shares during the period. Goldman Sachs Group Inc. grew its holdings in Texas Capital Bancshares by 3.7% during the first quarter. Goldman Sachs Group Inc. now owns 560,070 shares of the bank’s stock valued at $41,837,000 after purchasing an additional 20,231 shares during the period. United Services Automobile Association bought a new position in Texas Capital Bancshares during the first quarter valued at $230,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Texas Capital Bancshares by 29.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 107,761 shares of the bank’s stock worth $8,050,000 after buying an additional 24,538 shares during the last quarter. Finally, Invesco Ltd. increased its position in Texas Capital Bancshares by 34.0% in the second quarter. Invesco Ltd. now owns 149,559 shares of the bank’s stock worth $11,875,000 after buying an additional 37,982 shares during the last quarter. 96.88% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TCBI has been the topic of a number of recent research reports. Wall Street Zen raised Texas Capital Bancshares from a “sell” rating to a “hold” rating in a research report on Saturday, August 29th. JPMorgan Chase & Co. lifted their price objective on Texas Capital Bancshares from $105.00 to $110.00 and gave the stock an “underweight” rating in a report on Wednesday, July 1st. Barclays upgraded Texas Capital Bancshares from an “underweight” rating to an “equal weight” rating and set a $100.00 price objective on the stock in a research note on Monday, August 3rd. Citigroup upped their price objective on shares of Texas Capital Bancshares from $105.00 to $107.00 and gave the company a “neutral” rating in a report on Friday, July 24th. Finally, Stephens cut their target price on shares of Texas Capital Bancshares from $116.00 to $112.00 and set an “overweight” rating for the company in a research report on Thursday, July 23rd. Four investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Texas Capital Bancshares currently has a consensus rating of “Hold” and a consensus price target of $105.83.

Insider Buying and Selling

In other Texas Capital Bancshares news, insider Ellen Detrich sold 2,045 shares of Texas Capital Bancshares stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $100.03, for a total transaction of $204,561.35. Following the completion of the transaction, the insider owned 7,529 shares of the company’s stock, valued at $753,125.87. The trade was a 21.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.91% of the stock is currently owned by corporate insiders.

Texas Capital Bancshares Trading Up 0.2%

NASDAQ:TCBI opened at $99.09 on Friday. The company has a market cap of $4.31 billion, a P/E ratio of 12.89, a P/E/G ratio of 1.20 and a beta of 0.66. The stock’s fifty day moving average price is $100.14 and its two-hundred day moving average price is $99.13. Texas Capital Bancshares, Inc. has a 1 year low of $75.41 and a 1 year high of $108.92. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.00 and a quick ratio of 1.00.

Texas Capital Bancshares (NASDAQ:TCBI) last posted its quarterly earnings results on Wednesday, July 22nd. The bank reported $1.88 EPS for the quarter, topping analysts’ consensus estimates of $1.87 by $0.01. The firm had revenue of $335.50 million during the quarter, compared to analyst estimates of $333.37 million. Texas Capital Bancshares had a return on equity of 10.86% and a net margin of 17.90%.The business’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period last year, the company earned $1.63 earnings per share. As a group, analysts expect that Texas Capital Bancshares, Inc. will post 7.39 EPS for the current year.

Texas Capital Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be paid a $0.20 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $0.80 annualized dividend and a yield of 0.8%. Texas Capital Bancshares’s dividend payout ratio (DPR) is currently 10.40%.

Texas Capital Bancshares Profile

Texas Capital Bancshares, Inc is the parent company of Texas Capital Bank, a full-service financial institution headquartered in Dallas, Texas. The bank provides banking, lending and financial services to businesses, entrepreneurs, professionals, high-net-worth individuals and institutional clients.

Its offerings include commercial and industrial lending, commercial real estate financing, treasury management, private banking, wealth management, investment banking and capital markets services.