Federated Investors Inc. PA Lowers Position in Texas Capital Bancshares, Inc. (TCBI)

Federated Investors Inc. PA lowered its stake in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 26.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,982 shares of the bank’s stock after selling 6,979 shares during the quarter. Federated Investors Inc. PA’s holdings in Texas Capital Bancshares were worth $1,469,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. BlackRock Inc. grew its holdings in shares of Texas Capital Bancshares by 19,441.6% during the first quarter. BlackRock Inc. now owns 5,594,948 shares of the bank’s stock worth $466,900,000 after buying an additional 5,566,317 shares during the last quarter. State Street Corp grew its holdings in shares of Texas Capital Bancshares by 48.4% during the first quarter. State Street Corp now owns 3,047,810 shares of the bank’s stock worth $254,339,000 after buying an additional 994,585 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Texas Capital Bancshares by 4.6% during the second quarter. Bank of New York Mellon Corp now owns 940,968 shares of the bank’s stock worth $72,830,000 after buying an additional 41,564 shares during the last quarter. GW&K Investment Management LLC grew its holdings in shares of Texas Capital Bancshares by 3.3% during the second quarter. GW&K Investment Management LLC now owns 778,344 shares of the bank’s stock worth $60,244,000 after buying an additional 24,786 shares during the last quarter. Finally, Rothschild Asset Management Inc. grew its holdings in shares of Texas Capital Bancshares by 4.8% during the second quarter. Rothschild Asset Management Inc. now owns 474,693 shares of the bank’s stock worth $36,741,000 after buying an additional 21,639 shares during the last quarter.

In other news, insider C Keith Cargill purchased 3,000 shares of Texas Capital Bancshares stock in a transaction that occurred on Friday, August 11th. The stock was acquired at an average price of $74.15 per share, for a total transaction of $222,450.00. Following the transaction, the insider now owns 80,286 shares in the company, valued at $5,953,206.90. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.47% of the stock is owned by corporate insiders.

TRADEMARK VIOLATION WARNING: This article was first posted by Stock Observer and is owned by of Stock Observer. If you are viewing this article on another domain, it was illegally copied and reposted in violation of US and international copyright & trademark legislation. The original version of this article can be viewed at https://www.thestockobserver.com/2017/09/13/federated-investors-inc-pa-lowers-position-in-texas-capital-bancshares-inc-tcbi.html.

A number of equities analysts recently issued reports on the company. Royal Bank Of Canada assumed coverage on Texas Capital Bancshares in a report on Wednesday, September 6th. They set an “outperform” rating and a $90.00 price target on the stock. ValuEngine downgraded shares of Texas Capital Bancshares from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Piper Jaffray Companies restated a “hold” rating and issued a $86.00 price objective on shares of Texas Capital Bancshares in a research report on Friday, September 1st. BidaskClub downgraded shares of Texas Capital Bancshares from a “sell” rating to a “strong sell” rating in a research report on Monday, August 14th. Finally, Hovde Group raised their price objective on shares of Texas Capital Bancshares from $85.00 to $86.00 and gave the company a “market perform” rating in a research report on Tuesday, August 1st. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $86.86.

Texas Capital Bancshares, Inc. (NASDAQ TCBI) opened at 77.20 on Wednesday. The company’s 50 day moving average price is $75.74 and its 200 day moving average price is $78.48. The firm has a market capitalization of $3.83 billion, a P/E ratio of 21.43 and a beta of 1.67. Texas Capital Bancshares, Inc. has a 12 month low of $50.66 and a 12 month high of $93.35.

Texas Capital Bancshares (NASDAQ:TCBI) last released its earnings results on Wednesday, July 19th. The bank reported $0.97 EPS for the quarter, beating the consensus estimate of $0.94 by $0.03. Texas Capital Bancshares had a net margin of 21.84% and a return on equity of 10.01%. The business had revenue of $201.73 million during the quarter, compared to analyst estimates of $197.10 million. During the same period in the prior year, the business earned $0.78 earnings per share. Analysts anticipate that Texas Capital Bancshares, Inc. will post $4.01 EPS for the current year.

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)

Receive News & Ratings for Texas Capital Bancshares Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Texas Capital Bancshares Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply