Texas Capital Bancshares Inc (TCBI) Shares Bought by Legal & General Group Plc

Legal & General Group Plc boosted its position in shares of Texas Capital Bancshares Inc (NASDAQ:TCBI) by 7.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 55,328 shares of the bank’s stock after acquiring an additional 4,047 shares during the period. Legal & General Group Plc owned 0.11% of Texas Capital Bancshares worth $4,752,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. 1st Global Advisors Inc. lifted its position in Texas Capital Bancshares by 1.1% during the 2nd quarter. 1st Global Advisors Inc. now owns 6,979 shares of the bank’s stock worth $540,000 after acquiring an additional 77 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its position in Texas Capital Bancshares by 0.8% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 12,631 shares of the bank’s stock worth $978,000 after acquiring an additional 96 shares during the last quarter. Teacher Retirement System of Texas lifted its position in Texas Capital Bancshares by 2.7% during the 2nd quarter. Teacher Retirement System of Texas now owns 4,006 shares of the bank’s stock worth $310,000 after acquiring an additional 107 shares during the last quarter. Peloton Wealth Strategists lifted its position in Texas Capital Bancshares by 0.9% during the 2nd quarter. Peloton Wealth Strategists now owns 17,050 shares of the bank’s stock worth $1,320,000 after acquiring an additional 150 shares during the last quarter. Finally, Amalgamated Bank lifted its position in Texas Capital Bancshares by 2.5% during the 2nd quarter. Amalgamated Bank now owns 7,144 shares of the bank’s stock worth $553,000 after acquiring an additional 175 shares during the last quarter.

Texas Capital Bancshares Inc (NASDAQ TCBI) traded up $2.00 during trading hours on Thursday, reaching $98.05. 622,613 shares of the company traded hands, compared to its average volume of 491,402. Texas Capital Bancshares Inc has a 52-week low of $69.65 and a 52-week high of $98.05. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.27 and a quick ratio of 1.22. The firm has a market capitalization of $4,710.00, a price-to-earnings ratio of 25.47, a PEG ratio of 1.50 and a beta of 1.66.

Texas Capital Bancshares (NASDAQ:TCBI) last posted its quarterly earnings results 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. 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 during the quarter, compared to analyst estimates of $214.08 million. During the same quarter in the prior year, the business posted $0.87 earnings per share. The company’s quarterly revenue was up 11.7% compared to the same quarter last year. equities research analysts expect that Texas Capital Bancshares Inc will post 4.04 earnings per share for the current fiscal year.

A number of research analysts have recently commented on TCBI shares. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $100.00 price objective on shares of Texas Capital Bancshares in a research report on Friday, December 22nd. Piper Jaffray Companies reaffirmed a “hold” rating and set a $98.50 price objective on shares of Texas Capital Bancshares in a research report on Tuesday. SunTrust Banks reaffirmed a “buy” rating and set a $100.00 price objective on shares of Texas Capital Bancshares in a research report on Wednesday, November 29th. Deutsche Bank upped their price objective on shares of Texas Capital Bancshares from $93.00 to $95.00 and gave the company a “hold” rating in a research report on Wednesday, November 8th. Finally, BidaskClub raised shares of Texas Capital Bancshares from a “sell” rating to a “hold” rating in a research report on Wednesday, December 20th. Ten investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $95.83.

In other Texas Capital Bancshares news, COO Peter B. Bartholow sold 3,500 shares of the company’s stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $87.52, for a total transaction of $306,320.00. Following the sale, the chief operating officer now directly owns 34,171 shares of the company’s stock, valued at $2,990,645.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.47% of the company’s stock.

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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.

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

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