Texas Capital Bancshares, Inc. (TCBI) Stake Increased by Rothschild Asset Management Inc.

Rothschild Asset Management Inc. increased its position in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 4.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 474,693 shares of the bank’s stock after buying an additional 21,639 shares during the period. Rothschild Asset Management Inc. owned about 0.96% of Texas Capital Bancshares worth $36,741,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in TCBI. Exane Derivatives purchased a new stake in Texas Capital Bancshares during the second quarter valued at $125,000. Canada Pension Plan Investment Board boosted its stake in Texas Capital Bancshares by 88.9% in the first quarter. Canada Pension Plan Investment Board now owns 1,700 shares of the bank’s stock valued at $142,000 after buying an additional 800 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Texas Capital Bancshares by 46.6% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,770 shares of the bank’s stock valued at $148,000 after buying an additional 563 shares during the period. Parkwood LLC purchased a new stake in Texas Capital Bancshares during the first quarter valued at $211,000. Finally, Cipher Capital LP purchased a new stake in Texas Capital Bancshares during the first quarter valued at $220,000.

Texas Capital Bancshares, Inc. (TCBI) traded down 0.27% during mid-day trading on Friday, hitting $74.70. 532,113 shares of the stock traded hands. The stock has a 50-day moving average of $78.15 and a 200 day moving average of $80.23. Texas Capital Bancshares, Inc. has a 1-year low of $48.01 and a 1-year high of $93.35. The firm has a market cap of $3.71 billion, a price-to-earnings ratio of 20.73 and a beta of 1.67.

Texas Capital Bancshares (NASDAQ:TCBI) last released its quarterly earnings data on Wednesday, July 19th. The bank reported $0.97 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.03. Texas Capital Bancshares had a return on equity of 10.01% and a net margin of 21.84%. The business had revenue of $201.73 million for the quarter, compared to analysts’ expectations of $197.10 million. During the same quarter in the previous year, the business posted $0.78 EPS. On average, equities analysts expect that Texas Capital Bancshares, Inc. will post $4.01 EPS for the current year.

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Several equities analysts have recently commented on TCBI shares. Stephens reiterated a “hold” rating on shares of Texas Capital Bancshares in a report on Thursday, April 20th. Raymond James Financial, Inc. restated a “market perform” rating on shares of Texas Capital Bancshares in a report on Thursday, April 20th. Zacks Investment Research lowered shares of Texas Capital Bancshares from a “buy” rating to a “hold” rating in a report on Friday, April 21st. Barclays PLC restated a “hold” rating and issued a $75.00 price objective (down from $78.00) on shares of Texas Capital Bancshares in a report on Friday, April 21st. Finally, Piper Jaffray Companies restated a “neutral” rating and issued a $80.00 price objective (down from $85.00) on shares of Texas Capital Bancshares in a report on Saturday, April 22nd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Texas Capital Bancshares currently has a consensus rating of “Hold” and a consensus target price of $86.15.

In other Texas Capital Bancshares news, CFO Peter B. Bartholow sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $74.52, for a total transaction of $298,080.00. Following the transaction, the chief financial officer now owns 37,671 shares of the company’s stock, valued at approximately $2,807,242.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider C Keith Cargill bought 3,000 shares of the firm’s stock in a transaction that occurred on Friday, August 11th. The shares were acquired at an average cost of $74.15 per share, for a total transaction of $222,450.00. Following the completion of the acquisition, the insider now directly owns 80,286 shares in the company, valued at approximately $5,953,206.90. The disclosure for this purchase can be found here. Insiders own 0.47% of the company’s stock.

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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