Context BH Capital Management LP lifted its position in shares of Texas Capital Bancshares Inc (NASDAQ:TCBI) by 7.9% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 262,371 shares of the bank’s stock after buying an additional 19,210 shares during the quarter. Texas Capital Bancshares comprises 3.6% of Context BH Capital Management LP’s holdings, making the stock its 4th biggest position. Context BH Capital Management LP’s holdings in Texas Capital Bancshares were worth $14,323,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc increased its position in Texas Capital Bancshares by 2.6% during the 3rd quarter. Vanguard Group Inc now owns 4,540,983 shares of the bank’s stock valued at $375,312,000 after buying an additional 114,580 shares in the last quarter. Bank of Montreal Can increased its position in Texas Capital Bancshares by 88.3% during the 4th quarter. Bank of Montreal Can now owns 65,365 shares of the bank’s stock valued at $3,338,000 after buying an additional 30,657 shares in the last quarter. Arizona State Retirement System increased its position in Texas Capital Bancshares by 1.1% during the 4th quarter. Arizona State Retirement System now owns 36,018 shares of the bank’s stock valued at $1,840,000 after buying an additional 403 shares in the last quarter. KBC Group NV increased its position in Texas Capital Bancshares by 44.3% during the 4th quarter. KBC Group NV now owns 72,281 shares of the bank’s stock valued at $3,693,000 after buying an additional 22,202 shares in the last quarter. Finally, Wedge Capital Management L L P NC bought a new position in Texas Capital Bancshares during the 4th quarter valued at approximately $24,228,000. 95.95% of the stock is currently owned by institutional investors and hedge funds.

Texas Capital Bancshares stock opened at $57.30 on Monday. The firm has a market capitalization of $2.96 billion, a price-to-earnings ratio of 9.90, a price-to-earnings-growth ratio of 0.88 and a beta of 1.83. Texas Capital Bancshares Inc has a 12 month low of $47.86 and a 12 month high of $102.75. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.30 and a quick ratio of 1.21.

Texas Capital Bancshares (NASDAQ:TCBI) last posted its earnings results on Wednesday, April 17th. The bank reported $1.60 EPS for the quarter, topping the Zacks’ consensus estimate of $1.34 by $0.26. The business had revenue of $265.63 million during the quarter, compared to analyst estimates of $253.83 million. Texas Capital Bancshares had a return on equity of 13.37% and a net margin of 23.36%. During the same quarter last year, the company earned $1.38 EPS. Equities research analysts forecast that Texas Capital Bancshares Inc will post 6.46 earnings per share for the current year.

In related news, Director Steve Rosenberg sold 2,305 shares of Texas Capital Bancshares stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $61.31, for a total value of $141,319.55. Following the completion of the sale, the director now owns 35,008 shares of the company’s stock, valued at $2,146,340.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ian J. Turpin sold 3,977 shares of Texas Capital Bancshares stock in a transaction on Monday, May 20th. The stock was sold at an average price of $60.59, for a total value of $240,966.43. Following the completion of the sale, the director now directly owns 4,632 shares of the company’s stock, valued at approximately $280,652.88. The disclosure for this sale can be found here. Insiders own 0.54% of the company’s stock.

A number of research analysts recently weighed in on the company. Sanford C. Bernstein raised Texas Capital Bancshares from a “market perform” rating to an “outperform” rating in a research report on Tuesday, May 28th. TheStreet raised Texas Capital Bancshares from a “c+” rating to a “b-” rating in a report on Tuesday, April 30th. Zacks Investment Research raised Texas Capital Bancshares from a “sell” rating to a “hold” rating in a report on Monday, April 22nd. Stephens reissued a “hold” rating on shares of Texas Capital Bancshares in a report on Thursday, April 18th. Finally, Compass Point lowered Texas Capital Bancshares from a “buy” rating to a “neutral” rating and set a $58.49 target price for the company. in a report on Thursday, April 18th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company’s stock. Texas Capital Bancshares presently has an average rating of “Hold” and a consensus price target of $84.54.

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Texas Capital Bancshares Profile

Texas Capital Bancshares, Inc operates as the bank holding company for Texas Capital Bank, National Association that provides various banking products and services for commercial businesses, and professionals and entrepreneurs. It offers business deposit products and services, including commercial checking accounts, lockbox accounts, and cash concentration accounts, as well as other treasury management services, including information services, wire transfer initiation, ACH initiation, account transfer, and service integration; and consumer deposit products, such as checking accounts, savings accounts, money market accounts, and certificates of deposit.

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

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