Texas Capital Bancshares, Inc. $TCBI Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC decreased its holdings in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 10.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 12,376 shares of the bank’s stock after selling 1,424 shares during the quarter. Voya Investment Management LLC’s holdings in Texas Capital Bancshares were worth $924,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. UMB Bank n.a. lifted its stake in shares of Texas Capital Bancshares by 1,089.8% in the first quarter. UMB Bank n.a. now owns 583 shares of the bank’s stock worth $44,000 after acquiring an additional 534 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Texas Capital Bancshares by 127.0% in the first quarter. GAMMA Investing LLC now owns 831 shares of the bank’s stock worth $62,000 after acquiring an additional 465 shares in the last quarter. State of Wyoming acquired a new position in shares of Texas Capital Bancshares in the first quarter worth about $70,000. Bayforest Capital Ltd lifted its stake in shares of Texas Capital Bancshares by 69.7% in the first quarter. Bayforest Capital Ltd now owns 2,309 shares of the bank’s stock worth $172,000 after acquiring an additional 948 shares in the last quarter. Finally, Strs Ohio acquired a new position in shares of Texas Capital Bancshares in the first quarter worth about $194,000. Institutional investors and hedge funds own 96.88% of the company’s stock.

Texas Capital Bancshares Stock Performance

TCBI opened at $86.01 on Thursday. The company has a market capitalization of $3.94 billion, a price-to-earnings ratio of 34.13, a price-to-earnings-growth ratio of 0.71 and a beta of 0.69. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.00 and a quick ratio of 1.00. Texas Capital Bancshares, Inc. has a 1-year low of $59.37 and a 1-year high of $94.61. The business has a 50 day moving average price of $85.39 and a two-hundred day moving average price of $77.78.

Texas Capital Bancshares (NASDAQ:TCBI) last released its earnings results on Thursday, July 17th. The bank reported $1.63 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.35. Texas Capital Bancshares had a return on equity of 10.36% and a net margin of 6.79%.The firm had revenue of $307.46 million during the quarter, compared to the consensus estimate of $298.90 million. During the same period in the prior year, the firm posted $0.80 earnings per share. Research analysts predict that Texas Capital Bancshares, Inc. will post 5.84 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on TCBI shares. Barclays boosted their price objective on Texas Capital Bancshares from $78.00 to $82.00 and gave the company an “underweight” rating in a report on Friday, July 18th. Keefe, Bruyette & Woods boosted their price objective on Texas Capital Bancshares from $86.00 to $100.00 and gave the company an “outperform” rating in a report on Monday, July 21st. Hovde Group boosted their price objective on Texas Capital Bancshares from $75.00 to $95.00 and gave the company a “market perform” rating in a report on Friday, July 18th. Citigroup boosted their price objective on Texas Capital Bancshares from $69.00 to $79.00 and gave the company a “sell” rating in a report on Friday, July 18th. Finally, JPMorgan Chase & Co. boosted their price objective on Texas Capital Bancshares from $70.00 to $82.00 and gave the company an “underweight” rating in a report on Tuesday, July 1st. Three research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $84.00.

Texas Capital Bancshares Company Profile

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 solutions, including capital markets, mergers and acquisitions, and syndicated finance, as well as financial sponsor coverage, capital solutions, and institutional services; and wealth management services, such as investment management, financial planning, lockbox and insurance, securities-based lending, estate planning, and business succession, as well as philanthropic, trustee and executor, custom credit, and depository services.