Texas Capital Bancshares Inc (NASDAQ:TCBI) Shares Sold by Oppenheimer Asset Management Inc.

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Oppenheimer Asset Management Inc. lessened its holdings in Texas Capital Bancshares Inc (NASDAQ:TCBI) by 47.3% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 9,388 shares of the bank’s stock after selling 8,442 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Texas Capital Bancshares were worth $576,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Swiss National Bank boosted its holdings in shares of Texas Capital Bancshares by 2.2% in the 2nd quarter. Swiss National Bank now owns 93,450 shares of the bank’s stock valued at $5,735,000 after acquiring an additional 2,000 shares during the last quarter. Lockheed Martin Investment Management Co. lifted its position in Texas Capital Bancshares by 121.2% during the first quarter. Lockheed Martin Investment Management Co. now owns 65,700 shares of the bank’s stock valued at $3,586,000 after purchasing an additional 36,000 shares during the period. Fisher Asset Management LLC grew its position in Texas Capital Bancshares by 0.3% during the 2nd quarter. Fisher Asset Management LLC now owns 248,736 shares of the bank’s stock worth $15,265,000 after purchasing an additional 814 shares during the period. Mason Street Advisors LLC grew its position in Texas Capital Bancshares by 1.6% during the 1st quarter. Mason Street Advisors LLC now owns 26,716 shares of the bank’s stock worth $1,458,000 after purchasing an additional 431 shares during the period. Finally, Manchester Capital Management LLC acquired a new stake in Texas Capital Bancshares during the 1st quarter worth about $34,000. Institutional investors own 95.39% of the company’s stock.

TCBI traded up $1.56 on Wednesday, reaching $57.04. 23,631 shares of the company’s stock were exchanged, compared to its average volume of 530,832. Texas Capital Bancshares Inc has a twelve month low of $47.86 and a twelve month high of $89.85. The stock has a market cap of $2.71 billion, a PE ratio of 9.74, a P/E/G ratio of 0.87 and a beta of 1.84. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.26 and a quick ratio of 1.21. The stock’s fifty day moving average price is $55.95 and its 200-day moving average price is $59.05.

Texas Capital Bancshares (NASDAQ:TCBI) last released its earnings results on Wednesday, July 17th. The bank reported $1.50 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.53 by ($0.03). The business had revenue of $267.92 million during the quarter, compared to analysts’ expectations of $267.15 million. Texas Capital Bancshares had a return on equity of 13.29% and a net margin of 22.88%. During the same period last year, the business earned $1.38 earnings per share. As a group, research analysts predict that Texas Capital Bancshares Inc will post 5.96 earnings per share for the current fiscal year.

Several brokerages have recently issued reports on TCBI. UBS Group cut Texas Capital Bancshares from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $62.00 to $52.00 in a report on Monday, August 5th. TheStreet downgraded Texas Capital Bancshares from a “b-” rating to a “c+” rating in a research note on Friday, August 30th. ValuEngine upgraded shares of Texas Capital Bancshares from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Zacks Investment Research downgraded shares of Texas Capital Bancshares from a “buy” rating to a “hold” rating and set a $62.00 price objective for the company. in a research report on Tuesday, June 11th. Finally, BidaskClub lowered shares of Texas Capital Bancshares from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 13th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the company. Texas Capital Bancshares presently has a consensus rating of “Hold” and an average price target of $64.90.

Texas Capital Bancshares Company Profile

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

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