Capstone Asset Management Co. decreased its stake in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 56.8% during the second quarter, Holdings Channel reports. The fund owned 4,180 shares of the bank’s stock after selling 5,500 shares during the period. Capstone Asset Management Co.’s holdings in Texas Capital Bancshares were worth $324,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Miles Capital Inc. raised its position in Texas Capital Bancshares by 0.4% in the first quarter. Miles Capital Inc. now owns 3,141 shares of the bank’s stock valued at $262,000 after buying an additional 13 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its stake in shares of Texas Capital Bancshares by 0.5% in the first quarter. Municipal Employees Retirement System of Michigan now owns 11,170 shares of the bank’s stock valued at $932,000 after buying an additional 60 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of Texas Capital Bancshares by 0.7% in the first quarter. Envestnet Asset Management Inc. now owns 12,865 shares of the bank’s stock valued at $1,074,000 after buying an additional 85 shares during the period. Texas Permanent School Fund increased its stake in shares of Texas Capital Bancshares by 0.3% in the first quarter. Texas Permanent School Fund now owns 35,852 shares of the bank’s stock valued at $2,992,000 after buying an additional 104 shares during the period. Finally, Suntrust Banks Inc. increased its stake in shares of Texas Capital Bancshares by 2.4% in the first quarter. Suntrust Banks Inc. now owns 4,451 shares of the bank’s stock valued at $371,000 after buying an additional 106 shares during the period.

Texas Capital Bancshares, Inc. (TCBI) traded down 0.27% during mid-day trading on Friday, hitting $74.70. 532,113 shares of the stock were exchanged. The company has a market capitalization of $3.71 billion, a PE ratio of 20.73 and a beta of 1.67. Texas Capital Bancshares, Inc. has a 1-year low of $48.01 and a 1-year high of $93.35. The stock has a 50 day moving average price of $78.15 and a 200 day moving average price of $80.23.

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

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Several analysts have commented on the stock. ValuEngine upgraded shares of Texas Capital Bancshares from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Hovde Group raised their target price on shares of Texas Capital Bancshares from $85.00 to $86.00 and gave the stock a “market perform” rating in a report on Tuesday, August 1st. Zacks Investment Research downgraded shares of Texas Capital Bancshares from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Stephens restated a “hold” rating and set a $84.00 target price on shares of Texas Capital Bancshares in a report on Thursday, July 20th. Finally, Jefferies Group LLC restated a “buy” rating and set a $104.00 target price on shares of Texas Capital Bancshares in a report on Friday, July 14th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $86.15.

In other Texas Capital Bancshares news, CFO Peter B. Bartholow sold 4,000 shares of the business’s stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $74.52, for a total value of $298,080.00. Following the sale, the chief financial officer now directly owns 37,671 shares of the company’s stock, valued at $2,807,242.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider C Keith Cargill bought 3,000 shares of the company’s stock in a transaction on Friday, August 11th. The stock was bought at an average cost of $74.15 per share, for a total transaction of $222,450.00. Following the completion of the acquisition, the insider now directly owns 80,286 shares of the company’s stock, valued at approximately $5,953,206.90. The disclosure for this purchase can be found here. Insiders own 0.47% of the company’s stock.

Texas Capital Bancshares Company 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.

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

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