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

Oregon Public Employees Retirement Fund boosted its stake in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 4.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund 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 SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in TCBI. 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 shares of Texas Capital Bancshares by 46.6% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,770 shares of the bank’s stock worth $148,000 after buying an additional 563 shares during the last quarter. Parkwood LLC purchased a new stake in shares of Texas Capital Bancshares during the first quarter worth $211,000. Cipher Capital LP purchased a new stake in shares of Texas Capital Bancshares during the first quarter worth $220,000. Finally, Fox Run Management L.L.C. purchased a new stake in shares of Texas Capital Bancshares during the second quarter worth $240,000.

Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) traded up 0.28% on Friday, hitting $72.60. The company had a trading volume of 391,411 shares. Texas Capital Bancshares, Inc. has a 12-month low of $48.01 and a 12-month high of $93.35. The company has a market cap of $3.60 billion, a price-to-earnings ratio of 20.15 and a beta of 1.67. The company has a 50 day moving average of $78.06 and a 200-day moving average of $79.97.

Texas Capital Bancshares (NASDAQ:TCBI) last announced 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 analysts’ expectations of $197.10 million. Texas Capital Bancshares had a net margin of 21.84% and a return on equity of 10.01%. During the same quarter last year, the company posted $0.78 earnings per share. On average, analysts forecast that Texas Capital Bancshares, Inc. will post $4.01 earnings per share for the current year.

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TCBI has been the subject of several analyst reports. Wedbush raised Texas Capital Bancshares from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $79.00 to $86.00 in a research note on Monday, May 15th. Jefferies Group LLC reissued a “buy” rating and set a $104.00 target price on shares of Texas Capital Bancshares in a research note on Friday, July 14th. BidaskClub raised Texas Capital Bancshares from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. Barclays PLC reaffirmed an “equal weight” rating and set a $80.00 price target (up from $75.00) on shares of Texas Capital Bancshares in a report on Wednesday, July 12th. Finally, ValuEngine raised Texas Capital Bancshares from a “hold” rating to a “buy” rating in a report on Tuesday, June 27th. One analyst has rated the stock with a sell rating, ten have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $86.15.

In related news, insider C Keith Cargill bought 3,000 shares of the business’s stock in a transaction dated Friday, August 11th. The stock was bought at an average price of $74.15 per share, for a total transaction of $222,450.00. Following the purchase, the insider now owns 80,286 shares in the company, valued at approximately $5,953,206.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Peter B. Bartholow sold 4,000 shares of the firm’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $74.52, for a total transaction of $298,080.00. Following the sale, the chief financial officer now owns 37,671 shares of the company’s stock, valued at approximately $2,807,242.92. The disclosure for this sale can be found here. Company 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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