Commonwealth of Pennsylvania Public School Empls Retrmt SYS Raises Stock Holdings in Texas Capital Bancshares, Inc. $TCBI

Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 7.2% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,794 shares of the bank’s stock after acquiring an additional 795 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Texas Capital Bancshares were worth $936,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Texas Capital Bank Wealth Management Services Inc grew its holdings in shares of Texas Capital Bancshares by 2,249.3% in the first quarter. Texas Capital Bank Wealth Management Services Inc now owns 249,401 shares of the bank’s stock worth $18,630,000 after purchasing an additional 238,785 shares during the last quarter. Intech Investment Management LLC boosted its position in Texas Capital Bancshares by 22.1% in the 1st quarter. Intech Investment Management LLC now owns 29,790 shares of the bank’s stock valued at $2,225,000 after buying an additional 5,393 shares during the period. Hsbc Holdings PLC grew its stake in Texas Capital Bancshares by 69.0% in the 1st quarter. Hsbc Holdings PLC now owns 19,524 shares of the bank’s stock worth $1,449,000 after acquiring an additional 7,974 shares in the last quarter. Wolverine Asset Management LLC increased its position in shares of Texas Capital Bancshares by 36.9% during the first quarter. Wolverine Asset Management LLC now owns 71,915 shares of the bank’s stock worth $5,372,000 after acquiring an additional 19,398 shares during the period. Finally, T. Rowe Price Investment Management Inc. raised its stake in shares of Texas Capital Bancshares by 0.8% during the first quarter. T. Rowe Price Investment Management Inc. now owns 3,332,471 shares of the bank’s stock valued at $248,936,000 after acquiring an additional 26,786 shares in the last quarter. Hedge funds and other institutional investors own 96.88% of the company’s stock.

Insiders Place Their Bets

In other news, Director Robert W. Stallings purchased 5,000 shares of the business’s stock in a transaction on Monday, October 27th. The shares were acquired at an average cost of $20.68 per share, with a total value of $103,400.00. Following the completion of the acquisition, the director owned 275,913 shares of the company’s stock, valued at $5,705,880.84. This trade represents a 1.85% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.72% of the stock is currently owned by company insiders.

Texas Capital Bancshares Price Performance

TCBI opened at $87.95 on Monday. The firm has a market capitalization of $4.01 billion, a PE ratio of 14.39, a price-to-earnings-growth ratio of 0.63 and a beta of 0.82. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.00 and a quick ratio of 1.00. The business’s 50-day moving average is $84.60 and its two-hundred day moving average is $82.33. Texas Capital Bancshares, Inc. has a 1 year low of $59.37 and a 1 year high of $94.61.

Texas Capital Bancshares (NASDAQ:TCBI) last released its quarterly earnings results on Wednesday, October 22nd. The bank reported $2.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.77 by $0.41. Texas Capital Bancshares had a net margin of 15.14% and a return on equity of 9.51%. The business had revenue of $340.35 million for the quarter, compared to analysts’ expectations of $327.13 million. During the same period last year, the business earned ($1.41) EPS. The company’s revenue was up 171.6% compared to the same quarter last year. Research analysts anticipate that Texas Capital Bancshares, Inc. will post 5.84 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

TCBI has been the topic of several research analyst reports. Cowen initiated coverage on Texas Capital Bancshares in a research note on Wednesday, September 24th. They issued a “hold” rating on the stock. Keefe, Bruyette & Woods increased their price target on Texas Capital Bancshares from $98.00 to $100.00 and gave the stock an “outperform” rating in a research report on Monday, October 27th. Weiss Ratings upgraded Texas Capital Bancshares from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, October 31st. JPMorgan Chase & Co. upped their price objective on shares of Texas Capital Bancshares from $90.00 to $92.00 and gave the stock an “underweight” rating in a research note on Thursday, October 23rd. Finally, TD Cowen raised shares of Texas Capital Bancshares to a “hold” rating in a research report on Thursday, September 25th. Four equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $88.10.

Texas Capital Bancshares 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.