Engineers Gate Manager LP Boosts Holdings in Texas Capital Bancshares, Inc. (TCBI)

Engineers Gate Manager LP boosted its stake in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 416.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,952 shares of the bank’s stock after purchasing an additional 15,283 shares during the quarter. Engineers Gate Manager LP’s holdings in Texas Capital Bancshares were worth $1,626,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of TCBI. World Asset Management Inc lifted its stake in shares of Texas Capital Bancshares by 2.1% in the second quarter. World Asset Management Inc now owns 3,134 shares of the bank’s stock valued at $243,000 after buying an additional 64 shares in the last quarter. 1st Global Advisors Inc. lifted its stake in shares of Texas Capital Bancshares by 1.1% in the second quarter. 1st Global Advisors Inc. now owns 6,979 shares of the bank’s stock valued at $540,000 after buying an additional 77 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its stake in shares of Texas Capital Bancshares by 0.8% in the second quarter. Oppenheimer Asset Management Inc. now owns 12,631 shares of the bank’s stock valued at $978,000 after buying an additional 96 shares in the last quarter. Teacher Retirement System of Texas lifted its stake in shares of 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 valued at $310,000 after buying an additional 107 shares in the last quarter. Finally, Peloton Wealth Strategists lifted its stake in shares of Texas Capital Bancshares by 0.9% in the second quarter. Peloton Wealth Strategists now owns 17,050 shares of the bank’s stock valued at $1,320,000 after buying an additional 150 shares in the last quarter.

TCBI has been the topic of a number of recent research reports. SunTrust Banks reaffirmed a “buy” rating and issued a $90.00 price objective on shares of Texas Capital Bancshares in a research note on Wednesday, October 4th. 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 reissued a “buy” rating and set a $100.00 price target (up from $97.00) on shares of Texas Capital Bancshares in a research report on Thursday, October 19th. Zacks Investment Research raised shares of Texas Capital Bancshares from a “hold” rating to a “buy” rating and set a $90.00 price target on the stock in a research report on Tuesday, September 19th. Finally, ValuEngine lowered shares of Texas Capital Bancshares from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Texas Capital Bancshares presently has a consensus rating of “Hold” and a consensus price target of $91.87.

Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) opened at $90.20 on Monday. Texas Capital Bancshares, Inc. has a 1-year low of $69.65 and a 1-year high of $95.20. 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 $4,476.31, a PE ratio of 23.43, a P/E/G ratio of 1.86 and a beta of 1.66.

Texas Capital Bancshares (NASDAQ:TCBI) last posted its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $214.08 million. During the same quarter last year, the company posted $0.87 earnings per share. The firm’s quarterly revenue was up 11.7% compared to the same quarter last year. analysts forecast that Texas Capital Bancshares, Inc. will post 4.03 EPS for the current fiscal year.

In other news, COO Peter B. Bartholow sold 3,500 shares of Texas Capital Bancshares stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $87.52, for a total value of $306,320.00. Following the completion of the transaction, the chief operating officer now owns 34,171 shares in the company, valued at $2,990,645.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.47% of the stock is owned by company insiders.

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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.

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

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