Texas Permanent School Fund raised its holdings in shares of Texas Capital Bancshares Inc (NASDAQ:TCBI) by 3.9% in the first quarter, Holdings Channel reports. The institutional investor owned 34,112 shares of the bank’s stock after acquiring an additional 1,273 shares during the period. Texas Permanent School Fund’s holdings in Texas Capital Bancshares were worth $1,862,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. First Interstate Bank raised its stake in Texas Capital Bancshares by 23.2% during the first quarter. First Interstate Bank now owns 2,575 shares of the bank’s stock valued at $141,000 after purchasing an additional 485 shares in the last quarter. Janus Henderson Group PLC raised its stake in Texas Capital Bancshares by 0.7% during the first quarter. Janus Henderson Group PLC now owns 492,869 shares of the bank’s stock valued at $26,906,000 after purchasing an additional 3,333 shares in the last quarter. Cullen Frost Bankers Inc. purchased a new stake in Texas Capital Bancshares during the first quarter valued at $164,000. Dupont Capital Management Corp purchased a new stake in Texas Capital Bancshares during the first quarter valued at $311,000. Finally, Zeke Capital Advisors LLC raised its stake in shares of Texas Capital Bancshares by 103.2% in the first quarter. Zeke Capital Advisors LLC now owns 12,878 shares of the bank’s stock valued at $703,000 after acquiring an additional 6,540 shares during the period. 98.17% of the stock is owned by institutional investors and hedge funds.

In other news, Director Ian J. Turpin sold 1,294 shares of the firm’s stock in a transaction dated Thursday, February 28th. The shares were sold at an average price of $60.72, for a total value of $78,571.68. Following the sale, the director now directly owns 8,102 shares in the company, valued at approximately $491,953.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ian J. Turpin sold 3,977 shares of the firm’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $60.59, for a total transaction of $240,966.43. Following the completion of the sale, the director now owns 4,632 shares in the company, valued at $280,652.88. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,576 shares of company stock worth $460,858. 0.54% of the stock is owned by company insiders.

Several equities research analysts have recently weighed in on the stock. TheStreet raised shares of Texas Capital Bancshares from a “c+” rating to a “b-” rating in a research note on Tuesday, April 30th. Zacks Investment Research raised shares of Texas Capital Bancshares from a “sell” rating to a “hold” rating in a research note on Monday, April 22nd. Compass Point downgraded shares of Texas Capital Bancshares from a “buy” rating to a “neutral” rating and set a $58.49 target price on the stock. in a research note on Thursday, April 18th. Stephens reissued a “hold” rating on shares of Texas Capital Bancshares in a research note on Thursday, April 18th. Finally, Wedbush downgraded shares of Texas Capital Bancshares from an “outperform” rating to a “neutral” rating and set a $65.00 target price on the stock. in a research note on Wednesday, March 27th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company. Texas Capital Bancshares presently has an average rating of “Hold” and a consensus price target of $84.54.

Texas Capital Bancshares stock traded up $1.56 during midday trading on Tuesday, hitting $62.27. 4,358 shares of the company’s stock were exchanged, compared to its average volume of 726,660. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.30 and a quick ratio of 1.21. Texas Capital Bancshares Inc has a 12 month low of $47.86 and a 12 month high of $102.80. The stock has a market cap of $3.05 billion, a price-to-earnings ratio of 10.66, a PEG ratio of 0.91 and a beta of 1.83.

Texas Capital Bancshares (NASDAQ:TCBI) last issued its earnings results on Wednesday, April 17th. The bank reported $1.60 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.34 by $0.26. Texas Capital Bancshares had a net margin of 23.36% and a return on equity of 13.37%. The company had revenue of $265.63 million for the quarter, compared to analysts’ expectations of $253.83 million. During the same period in the prior year, the business earned $1.38 EPS. On average, equities analysts expect that Texas Capital Bancshares Inc will post 6.45 earnings per share for the current year.

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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.

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

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