People s United Financial Inc. raised its stake in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 4.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,842 shares of the bank’s stock after buying an additional 351 shares during the quarter. People s United Financial Inc.’s holdings in Texas Capital Bancshares were worth $685,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in TCBI. BNP Paribas Arbitrage SA lifted its position in shares of Texas Capital Bancshares by 79.8% in the second quarter. BNP Paribas Arbitrage SA now owns 32,083 shares of the bank’s stock worth $2,483,000 after purchasing an additional 14,241 shares in the last quarter. Sapience Investments LLC bought a new stake in shares of Texas Capital Bancshares in the second quarter worth $8,909,000. US Bancorp DE lifted its position in shares of Texas Capital Bancshares by 5.5% in the second quarter. US Bancorp DE now owns 4,032 shares of the bank’s stock worth $312,000 after purchasing an additional 211 shares in the last quarter. Kennedy Capital Management Inc. lifted its position in shares of Texas Capital Bancshares by 378.7% in the second quarter. Kennedy Capital Management Inc. now owns 145,888 shares of the bank’s stock worth $11,292,000 after purchasing an additional 115,409 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its position in shares of Texas Capital Bancshares by 14.8% in the first quarter. Schwab Charles Investment Management Inc. now owns 240,371 shares of the bank’s stock worth $20,059,000 after purchasing an additional 30,906 shares in the last quarter.

COPYRIGHT VIOLATION WARNING: “People s United Financial Inc. Increases Holdings in Texas Capital Bancshares, Inc. (TCBI)” was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece on another website, it was stolen and republished in violation of US & international trademark & copyright laws. The correct version of this piece can be accessed at https://www.thecerbatgem.com/2017/10/06/people-s-united-financial-inc-increases-holdings-in-texas-capital-bancshares-inc-tcbi.html.

A number of analysts have recently commented on the stock. Zacks Investment Research raised shares of Texas Capital Bancshares from a “hold” rating to a “buy” rating and set a $87.00 price objective on the stock in a research report on Tuesday, July 11th. Royal Bank Of Canada assumed coverage on shares of Texas Capital Bancshares in a research report on Wednesday, September 6th. They issued an “outperform” rating and a $90.00 price objective on the stock. SunTrust Banks, Inc. reissued a “buy” rating and issued a $90.00 price objective on shares of Texas Capital Bancshares in a research report on Wednesday. Wedbush lowered shares of Texas Capital Bancshares from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $88.00 to $87.00 in a research report on Wednesday. They noted that the move was a valuation call. Finally, Barclays PLC reissued an “equal weight” rating and issued a $80.00 price objective (up previously from $75.00) on shares of Texas Capital Bancshares in a research report on Wednesday, July 12th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Texas Capital Bancshares has a consensus rating of “Hold” and an average target price of $87.33.

In other Texas Capital Bancshares news, insider C Keith Cargill bought 3,000 shares of the stock in a transaction dated Friday, August 11th. The shares were bought at an average cost of $74.15 per share, for a total transaction of $222,450.00. Following 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 document filed with the SEC, which can be accessed through this link. Insiders own 0.47% of the company’s stock.

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) opened at 85.80 on Friday. The firm has a 50 day moving average of $77.90 and a 200 day moving average of $77.85. Texas Capital Bancshares, Inc. has a 12-month low of $53.21 and a 12-month high of $93.35. The firm has a market capitalization of $4.26 billion, a P/E ratio of 23.81 and a beta of 1.68.

Texas Capital Bancshares (NASDAQ:TCBI) last released its earnings results on Wednesday, July 19th. The bank reported $0.97 EPS for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.03. The company had revenue of $201.73 million for the quarter, compared to analysts’ expectations of $197.10 million. Texas Capital Bancshares had a return on equity of 10.01% and a net margin of 21.84%. During the same period in the previous year, the business posted $0.78 EPS. On average, analysts forecast 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.

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

Receive News & Stock Ratings for Texas Capital Bancshares Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Texas Capital Bancshares Inc. and related stocks with our FREE daily email newsletter.