Ameritas Advisory Services LLC Purchases Shares of 658 Texas Capital Bancshares, Inc. $TCBI

Ameritas Advisory Services LLC acquired a new position in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 658 shares of the bank’s stock, valued at approximately $52,000.

Several other hedge funds and other institutional investors have also made changes to their positions in TCBI. T. Rowe Price Investment Management Inc. boosted its position in Texas Capital Bancshares by 0.8% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 3,332,471 shares of the bank’s stock worth $248,936,000 after purchasing an additional 26,786 shares during the period. AQR Capital Management LLC lifted its stake in shares of Texas Capital Bancshares by 84.8% during the first quarter. AQR Capital Management LLC now owns 1,432,771 shares of the bank’s stock worth $105,395,000 after purchasing an additional 657,630 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Texas Capital Bancshares by 9.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 813,028 shares of the bank’s stock worth $60,733,000 after buying an additional 68,195 shares during the period. Wellington Management Group LLP boosted its position in shares of Texas Capital Bancshares by 2.5% in the first quarter. Wellington Management Group LLP now owns 591,488 shares of the bank’s stock worth $44,184,000 after buying an additional 14,169 shares during the period. Finally, Goldman Sachs Group Inc. grew its stake in shares of Texas Capital Bancshares by 3.7% in the first quarter. Goldman Sachs Group Inc. now owns 560,070 shares of the bank’s stock valued at $41,837,000 after buying an additional 20,231 shares in the last quarter. Institutional investors and hedge funds own 96.88% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on TCBI. Keefe, Bruyette & Woods boosted their price target on Texas Capital Bancshares from $86.00 to $100.00 and gave the stock an “outperform” rating in a research report on Monday, July 21st. TD Cowen raised shares of Texas Capital Bancshares to a “hold” rating in a research report on Thursday, September 25th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Texas Capital Bancshares in a research note on Wednesday, October 8th. Barclays set a $85.00 price objective on shares of Texas Capital Bancshares and gave the stock an “underweight” rating in a report on Wednesday. Finally, Wall Street Zen upgraded shares of Texas Capital Bancshares from a “sell” rating to a “hold” rating in a report on Sunday, July 13th. Three equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $84.23.

Texas Capital Bancshares Stock Performance

Shares of Texas Capital Bancshares stock opened at $80.18 on Monday. The firm has a market cap of $3.67 billion, a PE ratio of 31.82, a price-to-earnings-growth ratio of 0.64 and a beta of 0.67. The firm’s 50-day simple moving average is $84.99 and its 200-day simple moving average is $78.69. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.00 and a current ratio of 1.00. Texas Capital Bancshares, Inc. has a 1 year low of $59.37 and a 1 year high of $94.61.

Texas Capital Bancshares (NASDAQ:TCBI) last issued its earnings results on Thursday, July 17th. The bank reported $1.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.35. The business had revenue of $307.46 million for the quarter, compared to analyst estimates of $298.90 million. Texas Capital Bancshares had a net margin of 6.79% and a return on equity of 10.36%. During the same quarter in the prior year, the business posted $0.80 EPS. Equities analysts forecast that Texas Capital Bancshares, Inc. will post 5.84 earnings per share for the current fiscal year.

Texas Capital Bancshares Company Profile

Texas Capital Bancshares, Inc operates as the bank holding company for Texas Capital Bank, is a full-service financial services firm that delivers customized solutions to businesses, entrepreneurs, and individual customers. The company offers commercial banking; consumer banking; investment banking solutions, including capital markets, mergers and acquisitions, and syndicated finance, as well as financial sponsor coverage, capital solutions, and institutional services; and wealth management services, such as investment management, financial planning, lockbox and insurance, securities-based lending, estate planning, and business succession, as well as philanthropic, trustee and executor, custom credit, and depository services.