Commonwealth of Pennsylvania Public School Empls Retrmt SYS Trims Holdings in Texas Capital Bancshares Inc (TCBI)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS reduced its position in shares of Texas Capital Bancshares Inc (NASDAQ:TCBI) by 24.0% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 10,191 shares of the bank’s stock after selling 3,217 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Texas Capital Bancshares were worth $842,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Point72 Asset Management L.P. purchased a new position in Texas Capital Bancshares during the 2nd quarter worth $119,000. Cerebellum GP LLC purchased a new position in Texas Capital Bancshares during the 3rd quarter worth $172,000. First Mercantile Trust Co. increased its holdings in Texas Capital Bancshares by 50.8% during the 3rd quarter. First Mercantile Trust Co. now owns 3,198 shares of the bank’s stock worth $264,000 after purchasing an additional 1,078 shares during the period. US Bancorp DE increased its holdings in Texas Capital Bancshares by 55.6% during the 3rd quarter. US Bancorp DE now owns 3,508 shares of the bank’s stock worth $290,000 after purchasing an additional 1,254 shares during the period. Finally, Capital Management Associates NY purchased a new position in Texas Capital Bancshares during the 2nd quarter worth $329,000.

Shares of NASDAQ TCBI opened at $59.66 on Monday. The company has a current ratio of 1.29, a quick ratio of 1.21 and a debt-to-equity ratio of 1.58. The firm has a market cap of $2.99 billion, a price-to-earnings ratio of 14.62, a P/E/G ratio of 0.96 and a beta of 1.86. Texas Capital Bancshares Inc has a 12-month low of $57.00 and a 12-month high of $103.05.

Texas Capital Bancshares (NASDAQ:TCBI) last announced its earnings results on Wednesday, October 17th. The bank reported $1.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.72 by ($0.07). The company had revenue of $257.69 million for the quarter, compared to the consensus estimate of $257.14 million. Texas Capital Bancshares had a net margin of 23.10% and a return on equity of 13.36%. During the same period last year, the business posted $1.12 EPS. As a group, equities research analysts expect that Texas Capital Bancshares Inc will post 6.01 EPS for the current year.

Several research firms have commented on TCBI. Zacks Investment Research upgraded Texas Capital Bancshares from a “sell” rating to a “hold” rating in a report on Friday, October 19th. TheStreet downgraded Texas Capital Bancshares from a “b-” rating to a “c+” rating in a report on Tuesday, November 20th. Compass Point upgraded Texas Capital Bancshares to a “buy” rating and reduced their price objective for the stock from $103.00 to $84.00 in a report on Thursday, November 15th. UBS Group upgraded Texas Capital Bancshares from a “sell” rating to a “neutral” rating and reduced their price objective for the stock from $76.00 to $70.00 in a report on Wednesday, October 24th. They noted that the move was a valuation call. Finally, Raymond James dropped their target price on Texas Capital Bancshares from $105.00 to $90.00 and set an “outperform” rating on the stock in a research report on Thursday, October 18th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the company. Texas Capital Bancshares has an average rating of “Hold” and a consensus target price of $96.82.

In other Texas Capital Bancshares news, CEO C Keith Cargill acquired 3,000 shares of the stock in a transaction dated Friday, October 19th. The stock was purchased at an average price of $67.59 per share, with a total value of $202,770.00. Following the transaction, the chief executive officer now directly owns 90,880 shares of the company’s stock, valued at $6,142,579.20. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Vince A. Ackerson acquired 2,000 shares of the stock in a transaction dated Friday, October 19th. The stock was acquired at an average cost of $67.00 per share, with a total value of $134,000.00. Following the transaction, the insider now directly owns 28,485 shares in the company, valued at $1,908,495. The disclosure for this purchase can be found here. 0.48% of the stock is owned by company insiders.

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About Texas Capital Bancshares

Texas Capital Bancshares, Inc operates as the bank holding company for Texas Capital Bank, National Association that provides various banking products and services for commercial businesses, and professionals and entrepreneurs. It offers business deposit products and services, including commercial checking accounts, lockbox accounts, and cash concentration accounts, as well as other treasury management services, including information services, wire transfer initiation, ACH initiation, account transfer, and service integration; and consumer deposit products, such as checking accounts, savings accounts, money market accounts, and certificates of deposit.

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

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