Mutual of America Capital Management LLC Has $3.53 Million Holdings in Texas Capital Bancshares, Inc. (TCBI)

Mutual of America Capital Management LLC boosted its stake in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 2.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,084 shares of the bank’s stock after buying an additional 1,149 shares during the period. Mutual of America Capital Management LLC owned 0.08% of Texas Capital Bancshares worth $3,525,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of TCBI. Public Employees Retirement System of Ohio grew its stake in shares of Texas Capital Bancshares by 3.7% in the second quarter. Public Employees Retirement System of Ohio now owns 72,759 shares of the bank’s stock worth $5,632,000 after purchasing an additional 2,595 shares in the last quarter. BNP Paribas Arbitrage SA grew its stake in shares of Texas Capital Bancshares by 79.8% in the second quarter. BNP Paribas Arbitrage SA now owns 32,083 shares of the bank’s stock worth $2,483,000 after purchasing an additional 14,241 shares in the last quarter. Sapience Investments LLC bought a new position in shares of Texas Capital Bancshares in the second quarter worth $8,909,000. Kennedy Capital Management Inc. grew its stake in shares of Texas Capital Bancshares by 378.7% in the second quarter. Kennedy Capital Management Inc. now owns 145,888 shares of the bank’s stock worth $11,292,000 after purchasing an additional 115,409 shares in the last quarter. Finally, US Bancorp DE grew its stake in shares of Texas Capital Bancshares by 5.5% in the second quarter. US Bancorp DE now owns 4,032 shares of the bank’s stock worth $312,000 after purchasing an additional 211 shares in the last quarter.

In related news, COO Peter B. Bartholow sold 3,500 shares of Texas Capital Bancshares stock in a transaction on Friday, October 20th. The stock was sold at an average price of $87.52, for a total transaction of $306,320.00. Following the completion of the sale, the chief operating officer now directly owns 34,171 shares of the company’s stock, valued at $2,990,645.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider C Keith Cargill acquired 3,000 shares of the firm’s stock in a transaction that occurred on Friday, August 11th. The shares were bought at an average cost of $74.15 per share, with a total value of $222,450.00. Following the completion of the purchase, the insider now owns 80,286 shares of the company’s stock, valued at $5,953,206.90. The disclosure for this purchase can be found here. 0.47% of the stock is owned by insiders.

TCBI has been the subject of several recent analyst reports. BidaskClub raised Texas Capital Bancshares from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. Zacks Investment Research cut Texas Capital Bancshares from a “buy” rating to a “hold” rating in a research note on Friday, July 7th. Barclays PLC reissued an “equal weight” rating and issued a $80.00 price target (up previously from $75.00) on shares of Texas Capital Bancshares in a research note on Wednesday, July 12th. Jefferies Group LLC reissued a “buy” rating and issued a $104.00 price target on shares of Texas Capital Bancshares in a research note on Friday, July 14th. Finally, Stephens reissued a “hold” rating and issued a $84.00 price target on shares of Texas Capital Bancshares in a research note on Thursday, July 20th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $89.60.

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) opened at 87.85 on Friday. The firm has a market cap of $4.36 billion, a price-to-earnings ratio of 24.38 and a beta of 1.68. The company has a 50 day moving average price of $82.56 and a 200-day moving average price of $78.26. Texas Capital Bancshares, Inc. has a 52-week low of $56.25 and a 52-week high of $93.35.

Texas Capital Bancshares (NASDAQ:TCBI) last announced its quarterly earnings data on Wednesday, October 18th. The bank reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.01. Texas Capital Bancshares had a return on equity of 10.40% and a net margin of 22.50%. The business had revenue of $204.40 million during the quarter, compared to analysts’ expectations of $214.08 million. During the same period in the previous year, the firm earned $0.87 earnings per share. The firm’s quarterly revenue was up 11.7% compared to the same quarter last year. Equities research analysts anticipate that Texas Capital Bancshares, Inc. will post $4.04 EPS for the current year.

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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.

Institutional Ownership by Quarter for Texas Capital Bancshares (NASDAQ:TCBI)

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