TD Asset Management Inc. decreased its stake in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 3.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,620 shares of the bank’s stock after selling 800 shares during the period. TD Asset Management Inc.’s holdings in Texas Capital Bancshares were worth $1,596,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of TCBI. Teachers Advisors LLC raised its stake in Texas Capital Bancshares by 16.1% in the fourth quarter. Teachers Advisors LLC now owns 96,279 shares of the bank’s stock valued at $7,548,000 after buying an additional 13,326 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in Texas Capital Bancshares by 5.0% in the first quarter. Nisa Investment Advisors LLC now owns 21,620 shares of the bank’s stock valued at $1,804,000 after buying an additional 1,020 shares in the last quarter. Retirement Systems of Alabama acquired a new stake in Texas Capital Bancshares during the first quarter valued at about $5,350,000. ProShare Advisors LLC raised its stake in Texas Capital Bancshares by 11.6% in the first quarter. ProShare Advisors LLC now owns 18,957 shares of the bank’s stock valued at $1,582,000 after buying an additional 1,967 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its stake in Texas Capital Bancshares by 75.0% in the first quarter. Russell Investments Group Ltd. now owns 79,745 shares of the bank’s stock valued at $6,655,000 after buying an additional 34,168 shares in the last quarter.

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) opened at 74.75 on Friday. The stock has a 50 day moving average price of $77.35 and a 200 day moving average price of $79.59. Texas Capital Bancshares, Inc. has a 12-month low of $48.01 and a 12-month high of $93.35. The stock has a market cap of $3.71 billion, a P/E ratio of 20.75 and a beta of 1.67.

Texas Capital Bancshares (NASDAQ:TCBI) last issued its earnings results on Wednesday, July 19th. The bank reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.03. Texas Capital Bancshares had a net margin of 21.84% and a return on equity of 10.01%. The business had revenue of $201.73 million during the quarter, compared to analysts’ expectations of $197.10 million. During the same quarter in the prior year, the business posted $0.78 EPS. On average, analysts forecast that Texas Capital Bancshares, Inc. will post $4.01 earnings per share for the current fiscal year.

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TCBI has been the subject of several research analyst reports. Wedbush raised Texas Capital Bancshares from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $79.00 to $86.00 in a research note on Monday, May 8th. BidaskClub downgraded Texas Capital Bancshares from a “hold” rating to a “sell” rating in a research report on Friday, June 23rd. ValuEngine upgraded Texas Capital Bancshares from a “hold” rating to a “buy” rating in a research report on Tuesday, June 27th. Zacks Investment Research downgraded Texas Capital Bancshares from a “buy” rating to a “hold” rating in a research report on Friday, July 7th. Finally, Barclays PLC restated an “equal weight” rating and set a $80.00 price target (up previously from $75.00) on shares of Texas Capital Bancshares in a research report on Wednesday, July 12th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Texas Capital Bancshares presently has a consensus rating of “Hold” and an average target price of $86.15.

In related news, insider C Keith Cargill bought 3,000 shares of the stock in a transaction dated Friday, August 11th. The stock was acquired at an average price of $74.15 per share, for a total transaction of $222,450.00. Following the acquisition, the insider now owns 80,286 shares in the company, valued at approximately $5,953,206.90. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Peter B. Bartholow sold 4,000 shares of the company’s stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $74.52, for a total transaction of $298,080.00. Following the completion of the transaction, the chief financial officer now owns 37,671 shares of the company’s stock, valued at approximately $2,807,242.92. The disclosure for this sale can be found here. Corporate insiders own 0.47% of the company’s stock.

About Texas Capital Bancshares

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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