NWQ Investment Management Company LLC cut its position in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 0.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 339,778 shares of the bank’s stock after selling 1,820 shares during the period. NWQ Investment Management Company LLC owned 0.68% of Texas Capital Bancshares worth $29,153,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Texas Capital Bancshares during the 3rd quarter worth about $101,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Texas Capital Bancshares by 14.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,018 shares of the bank’s stock worth $156,000 after purchasing an additional 248 shares in the last quarter. Rehmann Capital Advisory Group purchased a new stake in shares of Texas Capital Bancshares during the 3rd quarter worth about $201,000. Signature Financial Management Inc. bought a new position in shares of Texas Capital Bancshares in the 3rd quarter valued at approximately $215,000. Finally, Hilton Capital Management LLC bought a new position in shares of Texas Capital Bancshares in the 2nd quarter valued at approximately $201,000.
Texas Capital Bancshares, Inc. (NASDAQ TCBI) opened at $88.25 on Thursday. The company has a quick ratio of 1.22, a current ratio of 1.27 and a debt-to-equity ratio of 1.44. The company has a market capitalization of $4,354.73, a P/E ratio of 22.79, a price-to-earnings-growth ratio of 1.81 and a beta of 1.66. Texas Capital Bancshares, Inc. has a 1 year low of $69.65 and a 1 year high of $95.20.
Texas Capital Bancshares (NASDAQ:TCBI) last issued its quarterly earnings results on Wednesday, October 18th. The bank reported $1.12 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.11 by $0.01. The company had revenue of $204.40 million for the quarter, compared to the consensus estimate of $214.08 million. Texas Capital Bancshares had a return on equity of 10.40% and a net margin of 22.50%. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.87 EPS. equities analysts anticipate that Texas Capital Bancshares, Inc. will post 4.03 earnings per share for the current year.
A number of research analysts recently weighed in on TCBI shares. BidaskClub downgraded Texas Capital Bancshares from a “sell” rating to a “strong sell” rating in a research note on Monday, August 14th. SunTrust Banks reissued a “buy” rating and issued a $100.00 price objective on shares of Texas Capital Bancshares in a research note on Wednesday, November 29th. Deutsche Bank raised their price objective on Texas Capital Bancshares from $93.00 to $95.00 and gave the company a “hold” rating in a research note on Wednesday, November 8th. Barclays set a $87.00 price objective on Texas Capital Bancshares and gave the company a “hold” rating in a research note on Friday, October 20th. Finally, Zacks Investment Research raised Texas Capital Bancshares from a “hold” rating to a “buy” rating and set a $90.00 price objective on the stock in a research note on Tuesday, September 19th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $91.87.
In other Texas Capital Bancshares news, COO Peter B. Bartholow sold 3,500 shares of Texas Capital Bancshares stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $87.52, for a total value of $306,320.00. Following the transaction, the chief operating officer now directly owns 34,171 shares of the company’s stock, valued at approximately $2,990,645.92. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.47% of the company’s stock.
Texas Capital Bancshares Company 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.
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