Teacher Retirement System of Texas reduced its stake in shares of Texas Capital Bancshares Inc (NASDAQ:TCBI) by 8.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,071 shares of the bank’s stock after selling 914 shares during the period. Teacher Retirement System of Texas’ holdings in Texas Capital Bancshares were worth $921,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in TCBI. Hodges Capital Management Inc. acquired a new stake in Texas Capital Bancshares during the 1st quarter worth approximately $200,000. Commonwealth Equity Services LLC acquired a new stake in Texas Capital Bancshares during the 1st quarter worth approximately $222,000. Sentry Investments Corp. acquired a new stake in Texas Capital Bancshares during the 1st quarter worth approximately $224,000. WINTON GROUP Ltd acquired a new stake in Texas Capital Bancshares during the 1st quarter worth approximately $250,000. Finally, ING Groep NV acquired a new stake in Texas Capital Bancshares during the 1st quarter worth approximately $311,000.

In other news, Director Ian J. Turpin sold 5,320 shares of the stock in a transaction that occurred on Friday, August 24th. The stock was sold at an average price of $93.06, for a total transaction of $495,079.20. Following the completion of the transaction, the director now directly owns 8,602 shares in the company, valued at approximately $800,502.12. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.48% of the company’s stock.

TCBI has been the subject of a number of research analyst reports. Deutsche Bank increased their target price on shares of Texas Capital Bancshares from $106.00 to $109.00 and gave the stock a “hold” rating in a research report on Friday, May 4th. ValuEngine raised shares of Texas Capital Bancshares from a “hold” rating to a “buy” rating in a research report on Saturday, May 12th. BidaskClub downgraded shares of Texas Capital Bancshares from a “hold” rating to a “sell” rating in a research report on Saturday, May 26th. Stephens reaffirmed a “hold” rating and issued a $105.00 price objective on shares of Texas Capital Bancshares in a research report on Monday, June 18th. Finally, Zacks Investment Research raised shares of Texas Capital Bancshares from a “hold” rating to a “buy” rating and set a $107.00 price objective for the company in a research report on Tuesday, June 19th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $107.00.

Texas Capital Bancshares stock opened at $87.95 on Friday. The company has a market cap of $4.64 billion, a PE ratio of 18.25, a price-to-earnings-growth ratio of 1.33 and a beta of 1.77. The company has a debt-to-equity ratio of 2.00, a current ratio of 1.32 and a quick ratio of 1.26. Texas Capital Bancshares Inc has a 52 week low of $69.65 and a 52 week high of $103.05.

Texas Capital Bancshares (NASDAQ:TCBI) last released its earnings results on Wednesday, July 18th. The bank reported $1.38 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.39 by ($0.01). The business had revenue of $248.99 million for the quarter, compared to analysts’ expectations of $242.58 million. Texas Capital Bancshares had a net margin of 22.15% and a return on equity of 12.51%. During the same quarter last year, the company posted $0.97 earnings per share. analysts forecast that Texas Capital Bancshares Inc will post 6.12 earnings per share for the current year.

Texas Capital Bancshares Company Profile

Texas Capital Bancshares, Inc operates as the bank holding company for Texas Capital Bank, National Association that provides various banking products and services for commercial businesses, and professionals and entrepreneurs. It offers business deposit products and services, including commercial checking accounts, lockbox accounts, and cash concentration accounts, as well as other treasury management services, including information services, wire transfer initiation, ACH initiation, account transfer, and service integration; and consumer deposit products, such as checking accounts, savings accounts, money market accounts, and certificates of deposit.

Read More: What is the NASDAQ Stock Market?

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

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