Texas Capital Bancshares Inc (TCBI) Shares Sold by First Mercantile Trust Co.

First Mercantile Trust Co. reduced its holdings in shares of Texas Capital Bancshares Inc (NASDAQ:TCBI) by 11.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,696 shares of the bank’s stock after selling 1,130 shares during the quarter. First Mercantile Trust Co.’s holdings in Texas Capital Bancshares were worth $773,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. State Street Corp lifted its holdings in shares of Texas Capital Bancshares by 14.8% during the second quarter. State Street Corp now owns 3,497,607 shares of the bank’s stock valued at $270,711,000 after purchasing an additional 449,797 shares in the last quarter. Wasatch Advisors Inc. lifted its holdings in Texas Capital Bancshares by 3.6% in the second quarter. Wasatch Advisors Inc. now owns 1,438,060 shares of the bank’s stock valued at $111,306,000 after acquiring an additional 50,474 shares during the period. Bank of New York Mellon Corp lifted its holdings in Texas Capital Bancshares by 22.1% in the third quarter. Bank of New York Mellon Corp now owns 1,149,203 shares of the bank’s stock valued at $98,602,000 after acquiring an additional 208,235 shares during the period. Eagle Asset Management Inc. lifted its holdings in Texas Capital Bancshares by 791.5% in the third quarter. Eagle Asset Management Inc. now owns 776,161 shares of the bank’s stock valued at $67,448,000 after acquiring an additional 689,096 shares during the period. Finally, Channing Capital Management LLC lifted its holdings in Texas Capital Bancshares by 3.4% in the third quarter. Channing Capital Management LLC now owns 739,956 shares of the bank’s stock valued at $63,488,000 after acquiring an additional 24,611 shares during the period.

In other news, CEO C Keith Cargill purchased 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 6th. The stock was bought at an average cost of $90.60 per share, with a total value of $181,200.00. Following the completion of the purchase, the chief executive officer now owns 82,286 shares in the company, valued at $7,455,111.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.47% of the stock is currently owned by corporate insiders.

Texas Capital Bancshares Inc (TCBI) opened at $92.15 on Thursday. Texas Capital Bancshares Inc has a one year low of $69.65 and a one year high of $102.90. The company has a market capitalization of $4,567.19, a P/E ratio of 22.55, a P/E/G ratio of 1.26 and a beta of 1.77. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.23 and a current ratio of 1.28.

Texas Capital Bancshares (NASDAQ:TCBI) last announced its quarterly earnings results on Wednesday, January 24th. The bank reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.03. Texas Capital Bancshares had a return on equity of 10.85% and a net margin of 20.67%. The company had revenue of $230.02 million during the quarter, compared to analyst estimates of $219.78 million. During the same period in the prior year, the company earned $0.96 earnings per share. equities analysts anticipate that Texas Capital Bancshares Inc will post 6.1 EPS for the current year.

A number of research analysts have weighed in on the company. Barclays increased their target price on Texas Capital Bancshares from $87.00 to $103.00 and gave the company an “equal weight” rating in a report on Tuesday, January 2nd. Raymond James Financial upgraded Texas Capital Bancshares from a “market perform” rating to an “outperform” rating and set a $115.00 price target for the company in a research report on Thursday, January 25th. BidaskClub upgraded Texas Capital Bancshares from a “sell” rating to a “hold” rating in a research report on Wednesday, December 20th. Piper Jaffray Companies restated a “hold” rating and issued a $98.50 price target on shares of Texas Capital Bancshares in a research report on Tuesday, January 9th. Finally, UBS Group upgraded Texas Capital Bancshares from a “market perform” rating to an “outperform” rating in a research report on Thursday, January 25th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $98.75.

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

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