First Trust Advisors LP lifted its holdings in Texas Capital Bancshares Inc (NASDAQ:TCBI) by 9.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 310,959 shares of the bank’s stock after buying an additional 27,509 shares during the period. First Trust Advisors LP owned about 0.63% of Texas Capital Bancshares worth $27,644,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of the company. Aperio Group LLC increased its holdings in shares of Texas Capital Bancshares by 5.0% in the 4th quarter. Aperio Group LLC now owns 12,819 shares of the bank’s stock worth $1,140,000 after buying an additional 610 shares during the last quarter. Oppenheimer Asset Management Inc. increased its holdings in shares of Texas Capital Bancshares by 4.9% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 13,244 shares of the bank’s stock worth $1,137,000 after buying an additional 613 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Texas Capital Bancshares by 39.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,809 shares of the bank’s stock worth $250,000 after purchasing an additional 791 shares during the period. Crossmark Global Holdings Inc. boosted its stake in shares of Texas Capital Bancshares by 17.5% during the 4th quarter. Crossmark Global Holdings Inc. now owns 5,510 shares of the bank’s stock worth $490,000 after purchasing an additional 820 shares during the period. Finally, Pacer Advisors Inc. boosted its stake in shares of Texas Capital Bancshares by 16.3% during the 3rd quarter. Pacer Advisors Inc. now owns 6,989 shares of the bank’s stock worth $600,000 after purchasing an additional 978 shares during the period.
A number of equities analysts recently commented on the stock. Bank of America lifted their price target on shares of Texas Capital Bancshares from $110.00 to $112.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. Zacks Investment Research cut shares of Texas Capital Bancshares from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. UBS Group raised shares of Texas Capital Bancshares from a “market perform” rating to an “outperform” rating in a research note on Thursday, January 25th. Barclays reaffirmed a “neutral” rating and set a $104.00 price target (up from $90.00) on shares of Texas Capital Bancshares in a research note on Friday, January 26th. Finally, Jefferies Group reaffirmed a “buy” rating on shares of Texas Capital Bancshares in a research note on Thursday, January 25th. One analyst has rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the stock. Texas Capital Bancshares presently has a consensus rating of “Hold” and a consensus price target of $98.75.
Shares of Texas Capital Bancshares Inc (NASDAQ TCBI) opened at $94.00 on Thursday. The stock has a market cap of $4,649.77, a PE ratio of 25.20, a price-to-earnings-growth ratio of 1.29 and a beta of 1.77. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.28 and a quick ratio of 1.23. Texas Capital Bancshares Inc has a 52-week low of $69.65 and a 52-week high of $102.90.
Texas Capital Bancshares (NASDAQ:TCBI) last released its quarterly earnings data on Wednesday, January 24th. The bank reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.03. The company had revenue of $230.02 million during the quarter, compared to analysts’ expectations of $219.78 million. Texas Capital Bancshares had a net margin of 20.67% and a return on equity of 10.85%. During the same period in the previous year, the company earned $0.96 EPS. equities research analysts anticipate that Texas Capital Bancshares Inc will post 6.07 earnings per share for the current year.
In related news, CEO C Keith Cargill acquired 2,000 shares of the stock in a transaction on Tuesday, February 6th. The stock was bought at an average cost of $90.60 per share, with a total value of $181,200.00. Following the transaction, the chief executive officer now directly owns 82,286 shares in the company, valued at $7,455,111.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.47% of the stock is owned by insiders.
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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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