Schwab Charles Investment Management Inc. raised its stake in Texas Capital Bancshares Inc (NASDAQ:TCBI) by 5.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 278,119 shares of the bank’s stock after acquiring an additional 15,185 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.56% of Texas Capital Bancshares worth $24,725,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in TCBI. Cubist Systematic Strategies LLC acquired a new position in Texas Capital Bancshares in the 2nd quarter valued at $201,000. Public Employees Retirement System of Ohio raised its holdings in 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 valued at $5,632,000 after acquiring an additional 2,595 shares in the last quarter. Mutual of America Capital Management LLC raised its holdings in Texas Capital Bancshares by 2.9% in the 3rd quarter. Mutual of America Capital Management LLC now owns 41,084 shares of the bank’s stock valued at $3,525,000 after acquiring an additional 1,149 shares in the last quarter. Nationwide Fund Advisors raised its holdings in Texas Capital Bancshares by 1.0% in the 3rd quarter. Nationwide Fund Advisors now owns 326,071 shares of the bank’s stock valued at $27,977,000 after acquiring an additional 3,316 shares in the last quarter. Finally, Rehmann Capital Advisory Group acquired a new position in Texas Capital Bancshares in the 3rd quarter valued at $201,000.
In other Texas Capital Bancshares news, CEO C Keith Cargill purchased 2,000 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The shares were bought at an average price of $90.60 per share, for a total transaction of $181,200.00. Following the purchase, the chief executive officer now owns 82,286 shares in the company, valued at approximately $7,455,111.60. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.47% of the company’s stock.
Texas Capital Bancshares Inc (TCBI) opened at $93.65 on Friday. Texas Capital Bancshares Inc has a 52 week low of $69.65 and a 52 week high of $102.90. The company has a quick ratio of 1.23, a current ratio of 1.28 and a debt-to-equity ratio of 1.56. The stock has a market capitalization of $4,650.00, a price-to-earnings ratio of 22.95, a PEG ratio of 1.27 and a beta of 1.77.
Texas Capital Bancshares (NASDAQ:TCBI) last issued its quarterly earnings results on Wednesday, January 24th. The bank reported $1.19 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.16 by $0.03. Texas Capital Bancshares had a return on equity of 10.85% and a net margin of 20.67%. The company had revenue of $230.02 million for the quarter, compared to analyst estimates of $219.78 million. During the same quarter last year, the company posted $0.96 EPS. sell-side analysts expect that Texas Capital Bancshares Inc will post 6.07 earnings per share for the current year.
Several equities analysts have weighed in on TCBI shares. Barclays reaffirmed a “neutral” rating and issued a $104.00 price objective (up from $90.00) on shares of Texas Capital Bancshares in a report on Friday, January 26th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $100.00 price objective on shares of Texas Capital Bancshares in a report on Friday, December 22nd. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $98.50 price objective on shares of Texas Capital Bancshares in a report on Tuesday, January 9th. SunTrust Banks reaffirmed a “buy” rating and issued a $100.00 price objective on shares of Texas Capital Bancshares in a report on Wednesday, November 29th. Finally, BidaskClub raised Texas Capital Bancshares from a “sell” rating to a “hold” rating in a report on Wednesday, December 20th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $98.75.
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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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