State Treasurer State of Michigan Sells 900 Shares of Texas Capital Bancshares Inc (TCBI)

State Treasurer State of Michigan lessened its position in shares of Texas Capital Bancshares Inc (NASDAQ:TCBI) by 4.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,800 shares of the bank’s stock after selling 900 shares during the period. State Treasurer State of Michigan’s holdings in Texas Capital Bancshares were worth $1,582,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of TCBI. Public Employees Retirement System of Ohio raised its stake in shares of Texas Capital Bancshares by 3.7% during 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 purchasing an additional 2,595 shares during the period. Crossmark Global Holdings Inc. bought a new stake in shares of Texas Capital Bancshares during the 3rd quarter valued at $402,000. Bank of New York Mellon Corp raised its stake in shares of Texas Capital Bancshares by 22.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,149,203 shares of the bank’s stock valued at $98,602,000 after purchasing an additional 208,235 shares during the period. New York State Common Retirement Fund raised its stake in shares of Texas Capital Bancshares by 7.3% during the 3rd quarter. New York State Common Retirement Fund now owns 199,906 shares of the bank’s stock valued at $17,152,000 after purchasing an additional 13,535 shares during the period. Finally, Rothschild Asset Management Inc. raised its stake in shares of Texas Capital Bancshares by 3.0% during the 3rd quarter. Rothschild Asset Management Inc. now owns 488,917 shares of the bank’s stock valued at $41,949,000 after purchasing an additional 14,224 shares during the period.

A number of analysts recently issued reports on TCBI shares. Barclays reiterated a “neutral” rating and set a $104.00 price objective (up from $90.00) on shares of Texas Capital Bancshares in a research note on Friday, January 26th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $100.00 price objective on shares of Texas Capital Bancshares in a research note on Friday, December 22nd. Piper Jaffray Companies reiterated a “hold” rating and set a $98.50 price objective on shares of Texas Capital Bancshares in a research note on Tuesday, January 9th. SunTrust Banks reiterated a “buy” rating and set a $100.00 price objective on shares of Texas Capital Bancshares in a research note on Wednesday, November 29th. Finally, BidaskClub upgraded Texas Capital Bancshares from a “sell” rating to a “hold” rating in a research note on Wednesday, December 20th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $98.75.

Texas Capital Bancshares Inc (NASDAQ:TCBI) opened at $92.25 on Thursday. The firm has a market capitalization of $4,580.00, a PE ratio of 24.73, a price-to-earnings-growth ratio of 1.24 and a beta of 1.77. The company has a quick ratio of 1.23, a current ratio of 1.28 and a debt-to-equity ratio of 1.56. Texas Capital Bancshares Inc has a one year low of $69.65 and a one year high of $102.90.

Texas Capital Bancshares (NASDAQ:TCBI) last announced its earnings results on Wednesday, January 24th. The bank reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.03. The business had revenue of $230.02 million for the quarter, compared to analyst estimates of $219.78 million. Texas Capital Bancshares had a return on equity of 10.85% and a net margin of 20.67%. During the same period in the prior year, the company earned $0.96 EPS. equities analysts predict that Texas Capital Bancshares Inc will post 6.07 earnings per share for the current fiscal year.

In other Texas Capital Bancshares news, CEO C Keith Cargill bought 2,000 shares of the firm’s stock in a transaction on Tuesday, February 6th. The shares were acquired at an average cost of $90.60 per share, for a total transaction of $181,200.00. Following the purchase, the chief executive officer now directly owns 82,286 shares of the company’s stock, valued at $7,455,111.60. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 0.47% of the stock is owned by corporate insiders.

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About Texas Capital Bancshares

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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