Frontier Capital Management Co. LLC lifted its position in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 2.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 428,642 shares of the bank’s stock after purchasing an additional 9,164 shares during the quarter. Frontier Capital Management Co. LLC owned about 0.86% of Texas Capital Bancshares worth $36,777,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Canada Pension Plan Investment Board lifted its position in Texas Capital Bancshares by 200.0% in the third quarter. Canada Pension Plan Investment Board now owns 4,500 shares of the bank’s stock valued at $386,000 after buying an additional 3,000 shares during the last quarter. NJ State Employees Deferred Compensation Plan acquired a new position in Texas Capital Bancshares in the third quarter valued at about $515,000. Fortaleza Asset Management Inc. acquired a new position in Texas Capital Bancshares in the third quarter valued at about $233,000. Crossmark Global Holdings Inc. acquired a new position in Texas Capital Bancshares in the third quarter valued at about $402,000. Finally, Rehmann Capital Advisory Group acquired a new position in Texas Capital Bancshares in the third quarter valued at about $201,000. 99.81% of the stock is currently owned by institutional investors.

Texas Capital Bancshares, Inc. (TCBI) opened at $85.95 on Monday. The company has a current ratio of 1.27, a quick ratio of 1.22 and a debt-to-equity ratio of 1.44. The stock has a market cap of $4,265.40, a P/E ratio of 22.33, a PEG ratio of 1.77 and a beta of 1.67. Texas Capital Bancshares, Inc. has a 1 year low of $56.50 and a 1 year high of $93.35.

Texas Capital Bancshares (NASDAQ:TCBI) last announced its earnings results on Wednesday, October 18th. The bank reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.01. Texas Capital Bancshares had a net margin of 22.50% and a return on equity of 10.40%. The business had revenue of $204.40 million for the quarter, compared to analyst estimates of $214.08 million. During the same period last year, the firm posted $0.87 earnings per share. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year. research analysts predict that Texas Capital Bancshares, Inc. will post 4.04 EPS for the current year.

Several analysts have recently issued reports on the stock. Barclays PLC set a $87.00 price target on shares of Texas Capital Bancshares and gave the stock a “hold” rating in a research report on Friday, October 20th. Royal Bank Of Canada reissued a “buy” rating on shares of Texas Capital Bancshares in a research report on Friday, October 20th. Bank of America Corporation reissued a “buy” rating and set a $100.00 price target (up previously from $97.00) on shares of Texas Capital Bancshares in a research report on Thursday, October 19th. SunTrust Banks, Inc. reissued a “buy” rating and set a $95.00 price target on shares of Texas Capital Bancshares in a research report on Thursday, October 19th. Finally, DA Davidson reissued a “neutral” rating and set a $90.00 price target on shares of Texas Capital Bancshares in a research report on Thursday, October 19th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Texas Capital Bancshares presently has a consensus rating of “Hold” and a consensus target price of $89.60.

In related news, COO Peter B. Bartholow sold 3,500 shares of Texas Capital Bancshares stock in a transaction on Friday, October 20th. The shares were sold at an average price of $87.52, for a total value of $306,320.00. Following the transaction, the chief operating officer now directly owns 34,171 shares in the company, valued at approximately $2,990,645.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider C Keith Cargill acquired 3,000 shares of the stock in a transaction that occurred on Friday, August 11th. The stock was purchased at an average price of $74.15 per share, for a total transaction of $222,450.00. Following the completion of the transaction, the insider now owns 80,286 shares in the company, valued at $5,953,206.90. The disclosure for this purchase can be found here. Company insiders own 0.47% of the company’s stock.

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Texas Capital Bancshares Profile

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.

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

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