Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Shares Bought by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund raised its position in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 4.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,372 shares of the bank’s stock after buying an additional 772 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Texas Capital Bancshares were worth $1,422,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Canada Pension Plan Investment Board increased its position 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 in the last quarter. Adams Diversified Equity Fund Inc. increased its position in Texas Capital Bancshares by 2.7% in the first quarter. Adams Diversified Equity Fund Inc. now owns 15,300 shares of the bank’s stock valued at $1,277,000 after buying an additional 400 shares in the last quarter. Russell Investments Group Ltd. increased its position in Texas Capital Bancshares by 75.0% in the first quarter. Russell Investments Group Ltd. now owns 79,745 shares of the bank’s stock valued at $6,655,000 after buying an additional 34,168 shares in the last quarter. ProShare Advisors LLC increased its position in Texas Capital Bancshares by 11.6% in the first quarter. ProShare Advisors LLC now owns 18,957 shares of the bank’s stock valued at $1,582,000 after buying an additional 1,967 shares in the last quarter. Finally, Nationwide Fund Advisors increased its position in Texas Capital Bancshares by 28.6% in the first quarter. Nationwide Fund Advisors now owns 327,539 shares of the bank’s stock valued at $27,333,000 after buying an additional 72,749 shares in the last quarter.

Shares of Texas Capital Bancshares, Inc. (NASDAQ TCBI) opened at 74.70 on Friday. The stock has a market cap of $3.71 billion, a PE ratio of 20.73 and a beta of 1.67. Texas Capital Bancshares, Inc. has a 1-year low of $48.01 and a 1-year high of $93.35. The company’s 50-day moving average price is $78.15 and its 200 day moving average price is $80.23.

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

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Several equities analysts have weighed in on the company. Zacks Investment Research raised Texas Capital Bancshares from a “hold” rating to a “buy” rating and set a $87.00 target price for the company in a research report on Tuesday, July 11th. Barclays PLC reaffirmed an “equal weight” rating and issued a $80.00 target price (up from $75.00) on shares of Texas Capital Bancshares in a research report on Wednesday, July 12th. Wedbush upgraded Texas Capital Bancshares from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $79.00 to $86.00 in a research note on Monday, May 8th. ValuEngine upgraded Texas Capital Bancshares from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Finally, Stephens reiterated a “hold” rating on shares of Texas Capital Bancshares in a research note on Thursday, April 20th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $86.15.

In related news, CFO Peter B. Bartholow sold 4,000 shares of the stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $74.52, for a total value of $298,080.00. Following the completion of the transaction, the chief financial officer now owns 37,671 shares of the company’s stock, valued at $2,807,242.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 cost of $74.15 per share, with a total value of $222,450.00. Following the acquisition, the insider now directly owns 80,286 shares of the company’s stock, valued at approximately $5,953,206.90. The disclosure for this purchase can be found here. Corporate 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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