WINTON GROUP Ltd Grows Holdings in Texas Capital Bancshares Inc (TCBI)

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WINTON GROUP Ltd grew its stake in Texas Capital Bancshares Inc (NASDAQ:TCBI) by 3,729.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 106,378 shares of the bank’s stock after buying an additional 103,600 shares during the period. WINTON GROUP Ltd owned 0.21% of Texas Capital Bancshares worth $9,734,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Crossmark Global Holdings Inc. raised its position in Texas Capital Bancshares by 10.8% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 6,380 shares of the bank’s stock worth $584,000 after buying an additional 620 shares during the last quarter. Rhumbline Advisers raised its position in Texas Capital Bancshares by 0.6% during the 2nd quarter. Rhumbline Advisers now owns 111,693 shares of the bank’s stock worth $10,220,000 after buying an additional 668 shares during the last quarter. Oregon Public Employees Retirement Fund raised its position in Texas Capital Bancshares by 4.1% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 19,355 shares of the bank’s stock worth $1,771,000 after buying an additional 759 shares during the last quarter. Suntrust Banks Inc. grew its stake in shares of Texas Capital Bancshares by 3.2% during the 1st quarter. Suntrust Banks Inc. now owns 25,722 shares of the bank’s stock worth $2,310,000 after purchasing an additional 799 shares during the period. Finally, Arizona State Retirement System grew its stake in shares of Texas Capital Bancshares by 2.6% during the 2nd quarter. Arizona State Retirement System now owns 34,488 shares of the bank’s stock worth $3,156,000 after purchasing an additional 868 shares during the period.

TCBI has been the topic of a number of recent analyst reports. Stephens reaffirmed a “hold” rating and set a $105.00 price target on shares of Texas Capital Bancshares in a research note on Monday, June 18th. Zacks Investment Research raised shares of Texas Capital Bancshares from a “hold” rating to a “buy” rating and set a $107.00 price target on the stock in a research note on Tuesday, June 19th. BidaskClub cut shares of Texas Capital Bancshares from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 3rd. Wedbush increased their price objective on shares of Texas Capital Bancshares from $109.00 to $110.00 and gave the company a “$96.20” rating in a research note on Thursday, July 19th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $105.00 price objective on shares of Texas Capital Bancshares in a research note on Friday, July 20th. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $106.00.

In related news, Director Ian J. Turpin sold 5,320 shares of the firm’s stock in a transaction that occurred on Friday, August 24th. The shares were sold at an average price of $93.06, for a total value of $495,079.20. Following the transaction, the director now owns 8,602 shares in the company, valued at $800,502.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.48% of the company’s stock.

Shares of TCBI stock traded down $2.13 during trading hours on Friday, hitting $76.30. 557,347 shares of the company were exchanged, compared to its average volume of 535,286. The firm has a market cap of $4.15 billion, a P/E ratio of 18.70, a PEG ratio of 1.19 and a beta of 1.78. Texas Capital Bancshares Inc has a 1 year low of $74.22 and a 1 year high of $103.05. 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 (NASDAQ:TCBI) last posted its quarterly 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). Texas Capital Bancshares had a net margin of 22.15% and a return on equity of 12.51%. The business had revenue of $248.99 million during the quarter, compared to analysts’ expectations of $242.58 million. During the same quarter in the previous year, the business posted $0.97 EPS. Analysts expect that Texas Capital Bancshares Inc will post 6.12 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, 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.

Further Reading: Average Daily Trade Volume Explained

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

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