Comerica Bank Sells 6,688 Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Comerica Bank decreased its holdings in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBIGet Rating) by 22.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 22,690 shares of the bank’s stock after selling 6,688 shares during the period. Comerica Bank’s holdings in Texas Capital Bancshares were worth $1,294,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Eagle Bay Advisors LLC increased its position in shares of Texas Capital Bancshares by 65.9% during the second quarter. Eagle Bay Advisors LLC now owns 720 shares of the bank’s stock valued at $38,000 after acquiring an additional 286 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of Texas Capital Bancshares by 2.7% during the second quarter. Victory Capital Management Inc. now owns 11,831 shares of the bank’s stock valued at $623,000 after acquiring an additional 314 shares in the last quarter. Madison Asset Management LLC increased its position in shares of Texas Capital Bancshares by 0.7% during the second quarter. Madison Asset Management LLC now owns 48,835 shares of the bank’s stock valued at $2,571,000 after acquiring an additional 322 shares in the last quarter. Natixis Advisors L.P. increased its position in shares of Texas Capital Bancshares by 3.1% during the first quarter. Natixis Advisors L.P. now owns 10,722 shares of the bank’s stock valued at $614,000 after acquiring an additional 326 shares in the last quarter. Finally, HighTower Advisors LLC increased its position in shares of Texas Capital Bancshares by 3.7% during the first quarter. HighTower Advisors LLC now owns 9,383 shares of the bank’s stock valued at $537,000 after acquiring an additional 337 shares in the last quarter. Institutional investors own 96.91% of the company’s stock.

Texas Capital Bancshares Trading Up 0.8 %

Shares of Texas Capital Bancshares stock opened at $64.09 on Tuesday. The company’s fifty day simple moving average is $58.98 and its 200-day simple moving average is $59.55. The stock has a market capitalization of $3.20 billion, a PE ratio of 10.25, a P/E/G ratio of 1.87 and a beta of 1.31. Texas Capital Bancshares, Inc. has a 1-year low of $48.79 and a 1-year high of $71.60. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.03 and a quick ratio of 1.03.

Insider Activity at Texas Capital Bancshares

In other news, Director Robert W. Stallings bought 4,400 shares of the stock in a transaction that occurred on Monday, November 28th. The shares were bought at an average price of $20.86 per share, for a total transaction of $91,784.00. Following the purchase, the director now owns 13,400 shares in the company, valued at $279,524. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders have bought 5,526 shares of company stock worth $114,791. 0.56% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on TCBI shares. DA Davidson restated a “neutral” rating on shares of Texas Capital Bancshares in a report on Wednesday, December 21st. Wedbush restated a “neutral” rating and issued a $60.00 target price on shares of Texas Capital Bancshares in a report on Wednesday, September 28th. Royal Bank of Canada dropped their target price on shares of Texas Capital Bancshares from $65.00 to $62.00 and set a “sector perform” rating on the stock in a report on Friday, October 21st. TheStreet upgraded shares of Texas Capital Bancshares from a “c+” rating to a “b” rating in a report on Wednesday, January 18th. Finally, JPMorgan Chase & Co. raised their target price on shares of Texas Capital Bancshares from $50.00 to $55.00 and gave the stock an “underweight” rating in a report on Monday. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $62.89.

About Texas Capital Bancshares

(Get Rating)

Texas Capital Bancshares, Inc operates as the bank holding company for Texas Capital Bank, is a full-service financial services firm that delivers customized solutions to businesses, entrepreneurs, and individual customers. The company offers commercial banking, consumer banking, investment banking, and wealth management services.

Featured Stories

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

Receive News & Ratings for Texas Capital Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Texas Capital Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.