Nisa Investment Advisors LLC grew its position in Texas Capital Bancshares Inc (NASDAQ:TCBI) by 16.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,720 shares of the bank’s stock after purchasing an additional 3,400 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Texas Capital Bancshares were worth $2,109,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Copper Rock Capital Partners LLC purchased a new position in shares of Texas Capital Bancshares in the 4th quarter valued at $28,414,000. GSA Capital Partners LLP purchased a new position in shares of Texas Capital Bancshares in the 3rd quarter valued at $421,000. Neuberger Berman Group LLC grew its position in shares of Texas Capital Bancshares by 5.1% in the 3rd quarter. Neuberger Berman Group LLC now owns 364,356 shares of the bank’s stock valued at $31,262,000 after buying an additional 17,778 shares during the last quarter. Piedmont Investment Advisors LLC purchased a new position in shares of Texas Capital Bancshares in the 3rd quarter valued at $1,530,000. Finally, California Public Employees Retirement System grew its position in shares of Texas Capital Bancshares by 5.9% in the 3rd quarter. California Public Employees Retirement System now owns 91,820 shares of the bank’s stock valued at $7,878,000 after buying an additional 5,120 shares during the last quarter.
A number of research firms recently commented on TCBI. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $100.00 target price on shares of Texas Capital Bancshares in a research report on Friday, December 22nd. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $98.50 target price on shares of Texas Capital Bancshares in a research report on Tuesday, January 9th. BidaskClub raised shares of Texas Capital Bancshares from a “sell” rating to a “hold” rating in a research report on Wednesday, December 20th. Zacks Investment Research raised shares of Texas Capital Bancshares from a “hold” rating to a “buy” rating and set a $104.00 price objective on the stock in a research report on Tuesday, December 26th. Finally, Wedbush raised shares of Texas Capital Bancshares from a “neutral” rating to an “outperform” rating and lowered their price objective for the stock from $108.00 to $87.00 in a research report on Thursday, December 21st. Ten equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Texas Capital Bancshares presently has an average rating of “Buy” and a consensus target price of $95.83.
Texas Capital Bancshares Inc (NASDAQ:TCBI) opened at $99.95 on Friday. Texas Capital Bancshares Inc has a 52-week low of $69.65 and a 52-week high of $100.45. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.22 and a current ratio of 1.27. The stock has a market cap of $5,070.00, a price-to-earnings ratio of 25.96, a price-to-earnings-growth ratio of 1.42 and a beta of 1.66.
Texas Capital Bancshares (NASDAQ:TCBI) last issued its quarterly earnings data on Wednesday, October 18th. The bank reported $1.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.11 by $0.01. The company had revenue of $204.40 million for the quarter, compared to the consensus estimate of $214.08 million. Texas Capital Bancshares had a net margin of 22.50% and a return on equity of 10.40%. Texas Capital Bancshares’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same period last year, the firm posted $0.87 EPS. equities analysts anticipate that Texas Capital Bancshares Inc will post 4.04 earnings per share for the current fiscal year.
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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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