State of Tennessee Treasury Department Acquires New Stake in Texas Capital Bancshares, Inc. (TCBI)

State of Tennessee Treasury Department bought a new position in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 70,000 shares of the bank’s stock, valued at approximately $6,006,000. State of Tennessee Treasury Department owned about 0.14% of Texas Capital Bancshares at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio lifted its holdings in shares of Texas Capital Bancshares by 3.7% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 72,759 shares of the bank’s stock worth $5,632,000 after acquiring an additional 2,595 shares during the last quarter. BNP Paribas Arbitrage SA increased its stake in Texas Capital Bancshares by 79.8% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 32,083 shares of the bank’s stock worth $2,483,000 after buying an additional 14,241 shares during the period. Sapience Investments LLC purchased a new position in Texas Capital Bancshares in the 2nd quarter worth about $8,909,000. Kennedy Capital Management Inc. increased its stake in Texas Capital Bancshares by 378.7% in the 2nd quarter. Kennedy Capital Management Inc. now owns 145,888 shares of the bank’s stock worth $11,292,000 after buying an additional 115,409 shares during the period. Finally, US Bancorp DE increased its stake in Texas Capital Bancshares by 5.5% in the 2nd quarter. US Bancorp DE now owns 4,032 shares of the bank’s stock worth $312,000 after buying an additional 211 shares during the period.

Texas Capital Bancshares, Inc. (TCBI) opened at $81.70 on Tuesday. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.27 and a quick ratio of 1.22. Texas Capital Bancshares, Inc. has a 12-month low of $66.55 and a 12-month high of $93.35. The stock has a market cap of $4,017.27, a P/E ratio of 21.03, a PEG ratio of 1.67 and a beta of 1.67.

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 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 firm had revenue of $204.40 million for the quarter, compared to the consensus estimate of $214.08 million. During the same quarter in the previous year, the firm earned $0.87 EPS. The company’s quarterly revenue was up 11.7% compared to the same quarter last year. research analysts forecast that Texas Capital Bancshares, Inc. will post 4.04 earnings per share for the current year.

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In related news, COO Peter B. Bartholow sold 3,500 shares of Texas Capital Bancshares stock in a transaction that occurred on 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 sale, the chief operating officer now directly owns 34,171 shares in the company, valued at approximately $2,990,645.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.47% of the stock is owned by company insiders.

Several research firms recently commented on TCBI. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Texas Capital Bancshares in a research note on Friday, October 20th. Barclays PLC set a $87.00 price target on shares of Texas Capital Bancshares and gave the stock a “hold” rating in a research note on Friday, October 20th. Zacks Investment Research downgraded shares of Texas Capital Bancshares from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. Wedbush downgraded shares of Texas Capital Bancshares from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $88.00 to $87.00 in a research note on Wednesday, October 4th. They noted that the move was a valuation call. Finally, SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $90.00 price target on shares of Texas Capital Bancshares in a research note on Wednesday, October 4th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $91.53.

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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