Flinton Capital Management LLC Increases Stake in Texas Capital Bancshares, Inc. (TCBI)

Flinton Capital Management LLC lifted its holdings in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 68.4% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 4,522 shares of the bank’s stock after purchasing an additional 1,836 shares during the period. Flinton Capital Management LLC’s holdings in Texas Capital Bancshares were worth $350,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in TCBI. US Bancorp DE lifted its position in shares of Texas Capital Bancshares by 72.4% in the 1st quarter. US Bancorp DE now owns 3,821 shares of the bank’s stock worth $318,000 after purchasing an additional 1,605 shares during the period. UBS Asset Management Americas Inc. lifted its position in shares of Texas Capital Bancshares by 19.3% in the 1st quarter. UBS Asset Management Americas Inc. now owns 28,965 shares of the bank’s stock worth $2,417,000 after purchasing an additional 4,681 shares during the period. Karp Capital Management Corp purchased a new stake in shares of Texas Capital Bancshares in the 1st quarter worth approximately $922,000. Parametric Portfolio Associates LLC lifted its position in shares of Texas Capital Bancshares by 1.7% in the 1st quarter. Parametric Portfolio Associates LLC now owns 79,629 shares of the bank’s stock worth $6,645,000 after purchasing an additional 1,331 shares during the period. Finally, Asset Management One Co. Ltd. purchased a new stake in shares of Texas Capital Bancshares in the 1st quarter worth approximately $1,041,000.

In other Texas Capital Bancshares news, insider C Keith Cargill bought 3,000 shares of the company’s stock in a transaction that occurred on Friday, August 11th. The stock was purchased at an average price of $74.15 per share, with a total value of $222,450.00. Following the transaction, the insider now 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 this hyperlink. 0.47% of the stock is currently owned by corporate insiders.

Several equities research analysts have recently weighed in on TCBI shares. Zacks Investment Research cut shares of Texas Capital Bancshares from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. BidaskClub lowered shares of Texas Capital Bancshares from a “hold” rating to a “sell” rating in a research note on Friday, June 23rd. Stephens reiterated a “hold” rating and set a $84.00 price objective on shares of Texas Capital Bancshares in a research note on Thursday, July 20th. Royal Bank Of Canada started coverage on shares of Texas Capital Bancshares in a research note on Wednesday, September 6th. They set an “outperform” rating and a $90.00 price objective for the company. Finally, Piper Jaffray Companies reiterated a “hold” rating and set a $86.00 price objective on shares of Texas Capital Bancshares in a research note on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $87.33.

Shares of Texas Capital Bancshares, Inc. (TCBI) opened at 85.20 on Thursday. The company’s 50-day moving average is $79.38 and its 200 day moving average is $77.98. Texas Capital Bancshares, Inc. has a 52-week low of $54.20 and a 52-week high of $93.35. The firm has a market capitalization of $4.23 billion, a PE ratio of 23.65 and a beta of 1.68.

Texas Capital Bancshares (NASDAQ:TCBI) last released its earnings results on Wednesday, July 19th. The bank reported $0.97 earnings per share (EPS) for the quarter, beating the Zacks’ 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 analyst estimates of $197.10 million. During the same period in the prior year, the firm earned $0.78 EPS. Equities analysts expect that Texas Capital Bancshares, Inc. will post $4.00 earnings per share for the current fiscal year.

WARNING: This article was posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this article on another site, it was illegally copied and reposted in violation of US and international copyright legislation. The correct version of this article can be read at https://ledgergazette.com/2017/10/12/flinton-capital-management-llc-increases-stake-in-texas-capital-bancshares-inc-tcbi.html.

Texas Capital Bancshares Profile

Texas Capital Bancshares, Inc i

Several other institutional investors and hedge funds have also made changes to their positions in TCBI. US Bancorp DE lifted its position in shares of Texas Capital Bancshares by 72.4% in the 1st quarter. US Bancorp DE now owns 3,821 shares of the bank’s stock worth $318,000 after purchasing an additional 1,605 shares during the period. UBS Asset Management Americas Inc. lifted its position in shares of Texas Capital Bancshares by 19.3% in the 1st quarter. UBS Asset Management Americas Inc. now owns 28,965 shares of the bank’s stock worth $2,417,000 after purchasing an additional 4,681 shares during the period. Karp Capital Management Corp purchased a new stake in shares of Texas Capital Bancshares in the 1st quarter worth approximately $922,000. Parametric Portfolio Associates LLC lifted its position in shares of Texas Capital Bancshares by 1.7% in the 1st quarter. Parametric Portfolio Associates LLC now owns 79,629 shares of the bank’s stock worth $6,645,000 after purchasing an additional 1,331 shares during the period. Finally, Asset Management One Co. Ltd. purchased a new stake in shares of Texas Capital Bancshares in the 1st quarter worth approximately $1,041,000.

In other Texas Capital Bancshares news, insider C Keith Cargill bought 3,000 shares of the company’s stock in a transaction that occurred on Friday, August 11th. The stock was purchased at an average price of $74.15 per share, with a total value of $222,450.00. Following the transaction, the insider now 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 this hyperlink. 0.47% of the stock is currently owned by corporate insiders.

Several equities research analysts have recently weighed in on TCBI shares. Zacks Investment Research cut shares of Texas Capital Bancshares from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. BidaskClub lowered shares of Texas Capital Bancshares from a “hold” rating to a “sell” rating in a research note on Friday, June 23rd. Stephens reiterated a “hold” rating and set a $84.00 price objective on shares of Texas Capital Bancshares in a research note on Thursday, July 20th. Royal Bank Of Canada started coverage on shares of Texas Capital Bancshares in a research note on Wednesday, September 6th. They set an “outperform” rating and a $90.00 price objective for the company. Finally, Piper Jaffray Companies reiterated a “hold” rating and set a $86.00 price objective on shares of Texas Capital Bancshares in a research note on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $87.33.

Shares of Texas Capital Bancshares, Inc. (TCBI) opened at 85.20 on Thursday. The company’s 50-day moving average is $79.38 and its 200 day moving average is $77.98. Texas Capital Bancshares, Inc. has a 52-week low of $54.20 and a 52-week high of $93.35. The firm has a market capitalization of $4.23 billion, a PE ratio of 23.65 and a beta of 1.68.

Texas Capital Bancshares (NASDAQ:TCBI) last released its earnings results on Wednesday, July 19th. The bank reported $0.97 earnings per share (EPS) for the quarter, beating the Zacks’ 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 analyst estimates of $197.10 million. During the same period in the prior year, the firm earned $0.78 EPS. Equities analysts expect that Texas Capital Bancshares, Inc. will post $4.00 earnings per share for the current fiscal year.

WARNING: This article was posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this article on another site, it was illegally copied and reposted in violation of US and international copyright legislation. The correct version of this article can be read at https://ledgergazette.com/2017/10/12/flinton-capital-management-llc-increases-stake-in-texas-capital-bancshares-inc-tcbi.html.

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.

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

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