Ameritas Investment Partners Inc. increased its holdings in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 2.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,207 shares of the bank’s stock after buying an additional 518 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in Texas Capital Bancshares were worth $1,487,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of TCBI. Exane Derivatives acquired a new position in Texas Capital Bancshares in the 2nd quarter worth approximately $125,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Texas Capital Bancshares by 14.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,018 shares of the bank’s stock worth $156,000 after buying an additional 248 shares during the period. Hilton Capital Management LLC acquired a new position in Texas Capital Bancshares in the 2nd quarter worth approximately $201,000. Cubist Systematic Strategies LLC acquired a new position in Texas Capital Bancshares in the 2nd quarter worth approximately $201,000. Finally, D.A. Davidson & CO. increased its holdings in Texas Capital Bancshares by 14.3% in the 2nd quarter. D.A. Davidson & CO. now owns 2,632 shares of the bank’s stock worth $203,000 after buying an additional 329 shares during the period.

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) traded up 1.042% during midday trading on Monday, reaching $84.875. The company’s stock had a trading volume of 26,735 shares. The stock has a market cap of $4.21 billion, a P/E ratio of 23.557 and a beta of 1.68. The stock’s 50 day moving average is $80.14 and its 200 day moving average is $78.01. Texas Capital Bancshares, Inc. has a 12-month low of $54.70 and a 12-month high of $93.35.

Texas Capital Bancshares (NASDAQ:TCBI) last announced its quarterly earnings data on Wednesday, July 19th. The bank reported $0.97 earnings per share for the quarter, topping the Zacks’ consensus estimate 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 analyst estimates of $197.10 million. During the same quarter in the prior year, the company posted $0.78 earnings per share. Analysts anticipate that Texas Capital Bancshares, Inc. will post $4.00 earnings per share for the current year.

TCBI has been the topic of several research reports. Zacks Investment Research downgraded shares of Texas Capital Bancshares from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. BidaskClub downgraded shares of Texas Capital Bancshares from a “hold” rating to a “sell” rating in a report on Friday, June 23rd. Stephens reiterated a “hold” rating and issued a $84.00 price target on shares of Texas Capital Bancshares in a report on Thursday, July 20th. Royal Bank Of Canada initiated coverage on shares of Texas Capital Bancshares in a report on Wednesday, September 6th. They issued an “outperform” rating and a $90.00 price target on the stock. Finally, Piper Jaffray Companies reiterated a “hold” rating and issued a $86.00 price target on shares of Texas Capital Bancshares in a report on Friday, September 1st. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $87.33.

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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 purchased at an average price of $74.15 per share, with a total value of $222,450.00. Following the completion of the acquisition, the insider now directly owns 80,286 shares of the company’s stock, valued at approximately $5,953,206.90. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate 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.

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

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