Russell Investments Group Ltd. lowered its position in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 61.0% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 31,071 shares of the bank’s stock after selling 48,674 shares during the period. Russell Investments Group Ltd. owned approximately 0.06% of Texas Capital Bancshares worth $2,405,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Nisa Investment Advisors LLC boosted its stake in shares of Texas Capital Bancshares by 5.0% in the first quarter. Nisa Investment Advisors LLC now owns 21,620 shares of the bank’s stock worth $1,804,000 after buying an additional 1,020 shares during the period. Retirement Systems of Alabama purchased a new stake in shares of Texas Capital Bancshares during the first quarter worth approximately $5,350,000. ProShare Advisors LLC boosted its stake in shares of Texas Capital Bancshares by 11.6% in the first quarter. ProShare Advisors LLC now owns 18,957 shares of the bank’s stock worth $1,582,000 after buying an additional 1,967 shares during the period. Oregon Public Employees Retirement Fund purchased a new stake in shares of Texas Capital Bancshares during the first quarter worth approximately $1,469,000. Finally, Canada Pension Plan Investment Board boosted its stake in shares of Texas Capital Bancshares by 88.9% in the first quarter. Canada Pension Plan Investment Board now owns 1,700 shares of the bank’s stock worth $142,000 after buying an additional 800 shares during the period.

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) traded up 1.35% during midday trading on Friday, hitting $75.25. 324,853 shares of the company were exchanged. The stock has a 50 day moving average of $76.81 and a 200 day moving average of $79.20. The firm has a market capitalization of $3.73 billion, a PE ratio of 20.89 and a beta of 1.67. Texas Capital Bancshares, Inc. has a 1-year low of $50.66 and a 1-year high of $93.35.

Texas Capital Bancshares (NASDAQ:TCBI) last posted its quarterly earnings data on Wednesday, July 19th. The bank reported $0.97 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $197.10 million. During the same quarter in the previous year, the firm posted $0.78 earnings per share. On average, equities analysts predict that Texas Capital Bancshares, Inc. will post $4.01 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “Texas Capital Bancshares, Inc. (TCBI) Shares Sold by Russell Investments Group Ltd.” was first reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this report on another publication, it was stolen and reposted in violation of US and international copyright & trademark laws. The original version of this report can be viewed at https://www.thecerbatgem.com/2017/09/02/texas-capital-bancshares-inc-tcbi-shares-sold-by-russell-investments-group-ltd.html.

TCBI has been the topic of a number of research analyst reports. Wedbush raised shares of Texas Capital Bancshares from a “neutral” rating to an “outperform” rating and upped their price target for the company from $79.00 to $86.00 in a research report on Monday, May 8th. BidaskClub cut shares of Texas Capital Bancshares from a “hold” rating to a “sell” rating in a research report on Friday, June 23rd. ValuEngine raised shares of Texas Capital Bancshares from a “hold” rating to a “buy” rating in a research report on Tuesday, June 27th. Zacks Investment Research cut shares of Texas Capital Bancshares from a “buy” rating to a “hold” rating in a research report on Friday, July 7th. Finally, Barclays PLC reissued an “equal weight” rating and set a $80.00 price objective (up previously from $75.00) on shares of Texas Capital Bancshares in a research report on Wednesday, July 12th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $86.62.

In other Texas Capital Bancshares news, insider C Keith Cargill acquired 3,000 shares of the company’s stock in a transaction that occurred on Friday, August 11th. The shares were acquired at an average price of $74.15 per share, with a total value of $222,450.00. Following the completion of the purchase, the insider now directly owns 80,286 shares of the company’s stock, valued at approximately $5,953,206.90. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.47% of the company’s stock.

Texas Capital Bancshares Company Profile

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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