JPMorgan Chase & Co. Has $46.69 Million Position in Texas Capital Bancshares, Inc. (TCBI)
JPMorgan Chase & Co. cut its stake in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 0.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 545,775 shares of the bank’s stock after selling 1,338 shares during the quarter. JPMorgan Chase & Co. owned about 1.10% of Texas Capital Bancshares worth $46,691,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. World Asset Management Inc lifted its position in Texas Capital Bancshares by 2.1% in the second quarter. World Asset Management Inc now owns 3,134 shares of the bank’s stock worth $243,000 after buying an additional 64 shares during the last quarter. 1st Global Advisors Inc. lifted its position in Texas Capital Bancshares by 1.1% in the second quarter. 1st Global Advisors Inc. now owns 6,979 shares of the bank’s stock worth $540,000 after buying an additional 77 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its position in Texas Capital Bancshares by 0.8% in the second quarter. Oppenheimer Asset Management Inc. now owns 12,631 shares of the bank’s stock worth $978,000 after buying an additional 96 shares during the last quarter. Teacher Retirement System of Texas lifted its position in Texas Capital Bancshares by 2.7% in the second quarter. Teacher Retirement System of Texas now owns 4,006 shares of the bank’s stock worth $310,000 after buying an additional 107 shares during the last quarter. Finally, Peloton Wealth Strategists lifted its position in Texas Capital Bancshares by 0.9% in the second quarter. Peloton Wealth Strategists now owns 17,050 shares of the bank’s stock worth $1,320,000 after buying an additional 150 shares during the last quarter.
A number of analysts recently issued reports on the company. SunTrust Banks restated a “buy” rating and issued a $100.00 price target on shares of Texas Capital Bancshares in a research report on Wednesday, November 29th. Deutsche Bank lifted their target price on Texas Capital Bancshares from $93.00 to $95.00 and gave the stock a “hold” rating in a research report on Wednesday, November 8th. Barclays set a $87.00 target price on Texas Capital Bancshares and gave the stock a “hold” rating in a research report on Friday, October 20th. Royal Bank Of Canada reiterated a “buy” rating on shares of Texas Capital Bancshares in a research report on Friday, October 20th. Finally, Bank of America reiterated a “buy” rating and set a $100.00 target price (up from $97.00) 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, ten have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $91.87.
Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) opened at $90.20 on Friday. Texas Capital Bancshares, Inc. has a 52-week low of $69.65 and a 52-week high of $95.20. The firm has a market capitalization of $4,458.94, a price-to-earnings ratio of 23.34, a PEG ratio of 1.86 and a beta of 1.66. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.22 and a current ratio of 1.27.
Texas Capital Bancshares (NASDAQ:TCBI) last announced its quarterly earnings results on Wednesday, October 18th. The bank reported $1.12 EPS for the quarter, beating the consensus estimate of $1.11 by $0.01. The firm had revenue of $204.40 million for the quarter, compared to analyst estimates of $214.08 million. Texas Capital Bancshares had a return on equity of 10.40% and a net margin of 22.50%. The business’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.87 earnings per share. equities research analysts predict that Texas Capital Bancshares, Inc. will post 4.03 EPS for the current year.
In other news, COO Peter B. Bartholow sold 3,500 shares of the firm’s stock in a transaction on Friday, October 20th. The stock was sold at an average price of $87.52, for a total transaction of $306,320.00. Following the transaction, the chief operating officer now owns 34,171 shares in the company, valued at $2,990,645.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.47% of the company’s stock.
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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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