Cullen Frost Bankers Inc. continued to hold its stake in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,000 shares of the bank’s stock at the end of the second quarter. Cullen Frost Bankers Inc.’s holdings in Texas Capital Bancshares were worth $232,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. raised its stake in shares of Texas Capital Bancshares by 19,441.6% in the first quarter. BlackRock Inc. now owns 5,594,948 shares of the bank’s stock worth $466,900,000 after buying an additional 5,566,317 shares during the last quarter. State Street Corp raised its stake in shares of Texas Capital Bancshares by 48.4% in the first quarter. State Street Corp now owns 3,047,810 shares of the bank’s stock worth $254,339,000 after buying an additional 994,585 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Texas Capital Bancshares by 16.9% in the first quarter. Bank of New York Mellon Corp now owns 899,404 shares of the bank’s stock worth $75,056,000 after buying an additional 130,263 shares during the last quarter. GW&K Investment Management LLC raised its stake in shares of Texas Capital Bancshares by 3.3% in the second quarter. GW&K Investment Management LLC now owns 778,344 shares of the bank’s stock worth $60,244,000 after buying an additional 24,786 shares during the last quarter. Finally, Rothschild Asset Management Inc. raised its stake in shares of Texas Capital Bancshares by 4.8% in the second quarter. Rothschild Asset Management Inc. now owns 474,693 shares of the bank’s stock worth $36,741,000 after buying an additional 21,639 shares during the last quarter.

Texas Capital Bancshares, Inc. (TCBI) opened at 77.95 on Thursday. Texas Capital Bancshares, Inc. has a 52 week low of $48.01 and a 52 week high of $93.35. The company’s 50 day moving average is $78.10 and its 200-day moving average is $80.29. The firm has a market cap of $3.87 billion, a P/E ratio of 21.63 and a beta of 1.67.

Texas Capital Bancshares (NASDAQ:TCBI) last released its quarterly earnings results on Wednesday, July 19th. The bank reported $0.97 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.03. Texas Capital Bancshares had a net margin of 21.84% and a return on equity of 10.01%. The firm had revenue of $201.73 million for the quarter, compared to the consensus estimate of $197.10 million. During the same quarter in the previous year, the firm posted $0.78 EPS. Equities analysts expect that Texas Capital Bancshares, Inc. will post $4.01 earnings per share for the current year.

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TCBI has been the subject of several research reports. ValuEngine upgraded shares of Texas Capital Bancshares from a “hold” rating to a “buy” rating in a research note on Tuesday, June 27th. BidaskClub downgraded shares of Texas Capital Bancshares from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Zacks Investment Research downgraded shares of Texas Capital Bancshares from a “buy” rating to a “hold” rating in a research note on Friday, April 21st. Stephens restated a “hold” rating and issued a $84.00 price target on shares of Texas Capital Bancshares in a research note on Thursday, July 20th. Finally, Barclays PLC restated a “hold” rating and issued a $75.00 price target (down previously from $78.00) on shares of Texas Capital Bancshares in a research note on Friday, April 21st. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $86.15.

In related news, CFO Peter B. Bartholow sold 4,000 shares of Texas Capital Bancshares stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $74.52, for a total transaction of $298,080.00. Following the sale, the chief financial officer now owns 37,671 shares of the company’s stock, valued at approximately $2,807,242.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.47% 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 loan, deposit account and other financial products and services to its customers. It offers a range of products and services for its business customers, including commercial loans for general corporate purposes, including financing for working capital, internal growth, acquisitions and financing for business insurance premiums; medium- and long-term tax-exempt loans for municipalities and other governmental and tax-exempt entities; wealth management and trust services, and letters of credit.

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

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