Texas Capital Bancshares, Inc. (TCBI) Shares Bought by Vanguard Group Inc.
Vanguard Group Inc. boosted its position in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 2.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,053,255 shares of the bank’s stock after purchasing an additional 98,473 shares during the period. Vanguard Group Inc. owned about 8.17% of Texas Capital Bancshares worth $313,721,000 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 TCBI. Exane Derivatives purchased a new position in Texas Capital Bancshares in the 2nd quarter valued at approximately $125,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Texas Capital Bancshares by 14.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,018 shares of the bank’s stock valued at $156,000 after purchasing an additional 248 shares in the last quarter. Hilton Capital Management LLC purchased a new position in Texas Capital Bancshares in the 2nd quarter valued at approximately $201,000. D.A. Davidson & CO. increased its stake in Texas Capital Bancshares by 14.3% in the 2nd quarter. D.A. Davidson & CO. now owns 2,632 shares of the bank’s stock valued at $203,000 after purchasing an additional 329 shares in the last quarter. Finally, Trexquant Investment LP purchased a new position in Texas Capital Bancshares in the 2nd quarter valued at approximately $235,000.
Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) opened at 85.65 on Tuesday. The firm has a market cap of $4.25 billion, a PE ratio of 23.77 and a beta of 1.68. The stock’s 50 day moving average price is $78.65 and its 200 day moving average price is $77.88. Texas Capital Bancshares, Inc. has a 12-month low of $54.20 and a 12-month high of $93.35.
Texas Capital Bancshares (NASDAQ:TCBI) last announced its earnings results on Wednesday, July 19th. The bank reported $0.97 earnings per share (EPS) for the quarter, beating the 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 company had revenue of $201.73 million for the quarter, compared to the consensus estimate of $197.10 million. During the same period in the previous year, the business earned $0.78 EPS. On average, equities research analysts predict that Texas Capital Bancshares, Inc. will post $4.00 EPS for the current fiscal year.
In other news, insider C Keith Cargill bought 3,000 shares of the business’s stock in a transaction on Friday, August 11th. The shares were bought at an average cost of $74.15 per share, with a total value of $222,450.00. Following the purchase, the insider now directly owns 80,286 shares in the company, valued at $5,953,206.90. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.47% of the stock is owned by insiders.
Several equities analysts recently weighed in on TCBI shares. BidaskClub raised Texas Capital Bancshares from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. Jefferies Group LLC reissued a “buy” rating and set a $104.00 price target on shares of Texas Capital Bancshares in a research report on Friday, July 14th. Barclays PLC reissued an “equal weight” rating and set a $80.00 price target (up previously from $75.00) on shares of Texas Capital Bancshares in a research report on Wednesday, July 12th. Royal Bank Of Canada began coverage on Texas Capital Bancshares in a research report on Wednesday, September 6th. They set an “outperform” rating and a $90.00 price target for the company. Finally, ValuEngine raised Texas Capital Bancshares from a “hold” rating to a “buy” rating in a research report on Tuesday, June 27th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $87.33.
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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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