Nationwide Fund Advisors reduced its holdings in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 1.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 322,755 shares of the bank’s stock after selling 4,784 shares during the period. Nationwide Fund Advisors owned approximately 0.65% of Texas Capital Bancshares worth $24,981,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. BlackRock Inc. lifted its holdings in Texas Capital Bancshares by 19,441.6% in the first quarter. BlackRock Inc. now owns 5,594,948 shares of the bank’s stock valued at $466,900,000 after buying an additional 5,566,317 shares during the period. State Street Corp lifted its holdings in Texas Capital Bancshares by 48.4% in the first quarter. State Street Corp now owns 3,047,810 shares of the bank’s stock valued at $254,339,000 after buying an additional 994,585 shares during the period. American Century Companies Inc. lifted its holdings in Texas Capital Bancshares by 37.2% in the second quarter. American Century Companies Inc. now owns 1,619,357 shares of the bank’s stock valued at $125,338,000 after buying an additional 438,887 shares during the period. Alliancebernstein L.P. lifted its holdings in Texas Capital Bancshares by 4.7% in the second quarter. Alliancebernstein L.P. now owns 1,369,988 shares of the bank’s stock valued at $106,037,000 after buying an additional 61,357 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in Texas Capital Bancshares by 4.6% in the second quarter. Bank of New York Mellon Corp now owns 940,968 shares of the bank’s stock valued at $72,830,000 after buying an additional 41,564 shares during the period.

Several equities analysts recently weighed in on TCBI shares. BidaskClub upgraded shares of Texas Capital Bancshares from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. Jefferies Group LLC restated a “buy” rating and issued a $104.00 price objective on shares of Texas Capital Bancshares in a report on Friday, July 14th. Barclays PLC restated an “equal weight” rating and issued a $80.00 price objective (up from $75.00) on shares of Texas Capital Bancshares in a report on Wednesday, July 12th. ValuEngine upgraded shares of Texas Capital Bancshares from a “hold” rating to a “buy” rating in a report on Tuesday, June 27th. Finally, Zacks Investment Research lowered shares of Texas Capital Bancshares from a “buy” rating to a “hold” rating in a report on Friday, July 7th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $86.86.

In other Texas Capital Bancshares news, insider C Keith Cargill acquired 3,000 shares of the stock in a transaction on Friday, August 11th. The shares were purchased at an average price of $74.15 per share, for a total transaction of $222,450.00. Following the completion of the acquisition, the insider now owns 80,286 shares in the company, valued at approximately $5,953,206.90. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.47% of the company’s stock.

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Texas Capital Bancshares, Inc. (TCBI) opened at 77.35 on Friday. The company has a 50-day moving average of $75.43 and a 200-day moving average of $78.30. The company has a market cap of $3.84 billion, a P/E ratio of 21.47 and a beta of 1.67. Texas Capital Bancshares, Inc. has a 52-week low of $51.02 and a 52-week high of $93.35.

Texas Capital Bancshares (NASDAQ:TCBI) last released its quarterly earnings data on Wednesday, July 19th. The bank reported $0.97 earnings per share for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $201.73 million for the quarter, compared to the consensus estimate of $197.10 million. During the same quarter in the prior year, the company posted $0.78 earnings per share. On average, equities research analysts expect that Texas Capital Bancshares, Inc. will post $4.01 earnings per share for the current fiscal year.

Texas Capital Bancshares 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.

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

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