Principal Financial Group Inc. lifted its holdings in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 4.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 209,350 shares of the bank’s stock after buying an additional 8,994 shares during the period. Principal Financial Group Inc. owned approximately 0.42% of Texas Capital Bancshares worth $16,204,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in TCBI. Russell Investments Group Ltd. boosted its position in shares of Texas Capital Bancshares by 75.0% during 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 during the last quarter. Canada Pension Plan Investment Board boosted its position in shares of Texas Capital Bancshares by 88.9% during the first quarter. Canada Pension Plan Investment Board now owns 1,700 shares of the bank’s stock valued at $142,000 after buying an additional 800 shares during the last quarter. US Bancorp DE boosted its position in shares of Texas Capital Bancshares by 72.4% during the first quarter. US Bancorp DE now owns 3,821 shares of the bank’s stock valued at $318,000 after buying an additional 1,605 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Texas Capital Bancshares by 16.9% during the first quarter. Bank of New York Mellon Corp now owns 899,404 shares of the bank’s stock valued at $75,056,000 after buying an additional 130,263 shares during the last quarter. Finally, Suntrust Banks Inc. boosted its position in shares of Texas Capital Bancshares by 2.4% during the first quarter. Suntrust Banks Inc. now owns 4,451 shares of the bank’s stock valued at $371,000 after buying an additional 106 shares during the last quarter.

Several equities research analysts recently commented on the company. BidaskClub cut Texas Capital Bancshares from a “sell” rating to a “strong sell” rating in a research report on Monday, August 14th. ValuEngine raised Texas Capital Bancshares from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Zacks Investment Research cut Texas Capital Bancshares from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. Hovde Group increased their price objective on Texas Capital Bancshares from $85.00 to $86.00 and gave the company a “market perform” rating in a research report on Tuesday, August 1st. Finally, Stephens reaffirmed a “hold” rating and set a $84.00 price objective on shares of Texas Capital Bancshares in a research report on Thursday, July 20th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $86.86.

In related news, insider C Keith Cargill bought 3,000 shares of the stock in a transaction dated 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 purchase, the insider now directly owns 80,286 shares of the company’s stock, valued at $5,953,206.90. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.47% of the stock is owned by corporate insiders.

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Texas Capital Bancshares, Inc. (TCBI) opened at 77.35 on Monday. The stock has a market capitalization of $3.84 billion, a PE ratio of 21.47 and a beta of 1.67. The stock’s 50 day moving average price is $75.43 and its 200-day moving average price is $78.30. Texas Capital Bancshares, Inc. has a 52-week low of $50.67 and a 52-week high of $93.35.

Texas Capital Bancshares (NASDAQ:TCBI) last issued its earnings results on Wednesday, July 19th. The bank reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.03. Texas Capital Bancshares had a return on equity of 10.01% and a net margin of 21.84%. 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 business earned $0.78 earnings per share. On average, equities analysts expect that Texas Capital Bancshares, Inc. will post $4.01 EPS for the current fiscal year.

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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