Texas Capital Bancshares Inc (TCBI) Position Boosted by Two Sigma Investments LP

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Two Sigma Investments LP lifted its holdings in Texas Capital Bancshares Inc (NASDAQ:TCBI) by 2,986.2% in the 4th quarter, HoldingsChannel reports. The firm owned 695,098 shares of the bank’s stock after purchasing an additional 672,575 shares during the quarter. Two Sigma Investments LP’s holdings in Texas Capital Bancshares were worth $35,513,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. US Bancorp DE lifted its holdings in shares of Texas Capital Bancshares by 55.6% in the 3rd quarter. US Bancorp DE now owns 3,508 shares of the bank’s stock worth $290,000 after purchasing an additional 1,254 shares in the last quarter. Wells Fargo & Company MN increased its holdings in Texas Capital Bancshares by 13.2% in the 3rd quarter. Wells Fargo & Company MN now owns 34,901 shares of the bank’s stock worth $2,884,000 after acquiring an additional 4,083 shares during the last quarter. Prudential Financial Inc. increased its holdings in Texas Capital Bancshares by 1,008.8% in the 3rd quarter. Prudential Financial Inc. now owns 351,016 shares of the bank’s stock worth $29,012,000 after acquiring an additional 319,360 shares during the last quarter. ClariVest Asset Management LLC purchased a new stake in Texas Capital Bancshares in the 3rd quarter worth about $1,785,000. Finally, First Mercantile Trust Co. increased its holdings in Texas Capital Bancshares by 50.8% in the 3rd quarter. First Mercantile Trust Co. now owns 3,198 shares of the bank’s stock worth $264,000 after acquiring an additional 1,078 shares during the last quarter. Hedge funds and other institutional investors own 97.88% of the company’s stock.

TCBI has been the subject of several recent research reports. TheStreet lowered Texas Capital Bancshares from a “b-” rating to a “c+” rating in a report on Tuesday, November 20th. Wedbush decreased their price objective on Texas Capital Bancshares from $93.00 to $84.00 and set an “outperform” rating for the company in a report on Thursday, December 6th. JPMorgan Chase & Co. initiated coverage on Texas Capital Bancshares in a report on Friday, December 14th. They issued a “neutral” rating for the company. Stephens reissued a “hold” rating and issued a $59.00 price objective on shares of Texas Capital Bancshares in a report on Wednesday, December 19th. Finally, Zacks Investment Research lowered Texas Capital Bancshares from a “hold” rating to a “sell” rating in a report on Wednesday, December 19th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $90.93.

TCBI stock traded down $0.02 during midday trading on Tuesday, hitting $59.80. The company had a trading volume of 63,504 shares, compared to its average volume of 596,717. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.23 and a current ratio of 1.32. Texas Capital Bancshares Inc has a 52 week low of $47.86 and a 52 week high of $103.05. The company has a market capitalization of $2.94 billion, a P/E ratio of 10.33, a PEG ratio of 0.89 and a beta of 1.79.

Texas Capital Bancshares (NASDAQ:TCBI) last announced its quarterly earnings data on Wednesday, January 23rd. The bank reported $1.38 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.59 by ($0.21). Texas Capital Bancshares had a net margin of 24.02% and a return on equity of 13.35%. The company had revenue of $255.95 million during the quarter, compared to the consensus estimate of $253.17 million. During the same quarter in the previous year, the firm posted $1.19 EPS. As a group, equities analysts predict that Texas Capital Bancshares Inc will post 6.35 earnings per share for the current year.

In other Texas Capital Bancshares news, Director Steve Rosenberg sold 2,305 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $61.31, for a total value of $141,319.55. Following the completion of the sale, the director now owns 35,008 shares in the company, valued at $2,146,340.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ian J. Turpin sold 1,294 shares of the business’s stock in a transaction that occurred on Thursday, February 28th. The shares were sold at an average price of $60.72, for a total value of $78,571.68. Following the transaction, the director now directly owns 8,102 shares in the company, valued at $491,953.44. The disclosure for this sale can be found here. Insiders own 0.54% of the company’s stock.

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About Texas Capital Bancshares

Texas Capital Bancshares, Inc operates as the bank holding company for Texas Capital Bank, National Association that provides various banking products and services for commercial businesses, and professionals and entrepreneurs. It offers business deposit products and services, including commercial checking accounts, lockbox accounts, and cash concentration accounts, as well as other treasury management services, including information services, wire transfer initiation, ACH initiation, account transfer, and service integration; and consumer deposit products, such as checking accounts, savings accounts, money market accounts, and certificates of deposit.

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Want to see what other hedge funds are holding TCBI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Texas Capital Bancshares Inc (NASDAQ:TCBI).

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

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