Intech Investment Management LLC Buys 5,361 Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Intech Investment Management LLC lifted its position in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 42.6% during the third quarter, Holdings Channel.com reports. The institutional investor owned 17,949 shares of the bank’s stock after acquiring an additional 5,361 shares during the quarter. Intech Investment Management LLC’s holdings in Texas Capital Bancshares were worth $1,283,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. AlphaMark Advisors LLC lifted its stake in Texas Capital Bancshares by 2.6% in the third quarter. AlphaMark Advisors LLC now owns 5,396 shares of the bank’s stock worth $386,000 after acquiring an additional 139 shares during the period. Blue Trust Inc. raised its holdings in shares of Texas Capital Bancshares by 89.9% in the 3rd quarter. Blue Trust Inc. now owns 357 shares of the bank’s stock valued at $26,000 after purchasing an additional 169 shares in the last quarter. State of Alaska Department of Revenue lifted its position in shares of Texas Capital Bancshares by 3.5% in the 3rd quarter. State of Alaska Department of Revenue now owns 5,366 shares of the bank’s stock worth $383,000 after purchasing an additional 180 shares during the period. Tectonic Advisors LLC boosted its stake in shares of Texas Capital Bancshares by 1.1% during the third quarter. Tectonic Advisors LLC now owns 22,818 shares of the bank’s stock valued at $1,631,000 after purchasing an additional 244 shares in the last quarter. Finally, SummerHaven Investment Management LLC increased its holdings in Texas Capital Bancshares by 1.9% during the second quarter. SummerHaven Investment Management LLC now owns 13,540 shares of the bank’s stock valued at $828,000 after buying an additional 257 shares during the period. Hedge funds and other institutional investors own 96.88% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Hovde Group upped their target price on Texas Capital Bancshares from $73.00 to $79.00 and gave the stock a “market perform” rating in a report on Friday, October 18th. Raymond James raised Texas Capital Bancshares from a “market perform” rating to an “outperform” rating and set a $78.00 price objective on the stock in a research report on Tuesday, September 17th. Barclays boosted their target price on shares of Texas Capital Bancshares from $49.00 to $60.00 and gave the stock an “underweight” rating in a report on Friday, October 18th. JPMorgan Chase & Co. raised their price target on shares of Texas Capital Bancshares from $72.00 to $80.00 and gave the company an “underweight” rating in a report on Friday, October 18th. Finally, DA Davidson boosted their price objective on shares of Texas Capital Bancshares from $73.00 to $81.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Four 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $74.00.

Texas Capital Bancshares Stock Down 0.5 %

Shares of TCBI stock opened at $89.24 on Wednesday. Texas Capital Bancshares, Inc. has a fifty-two week low of $53.69 and a fifty-two week high of $91.80. The firm has a market capitalization of $4.12 billion, a PE ratio of 495.78, a P/E/G ratio of 0.83 and a beta of 1.12. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.01 and a current ratio of 1.01. The stock’s 50-day simple moving average is $77.97 and its 200-day simple moving average is $67.86.

Texas Capital Bancshares (NASDAQ:TCBI) last issued its quarterly earnings results on Thursday, October 17th. The bank reported $1.62 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.65. Texas Capital Bancshares had a net margin of 1.40% and a return on equity of 8.06%. The company had revenue of $304.91 million for the quarter, compared to the consensus estimate of $279.64 million. Equities analysts expect that Texas Capital Bancshares, Inc. will post 4.15 earnings per share for the current year.

Insider Buying and Selling

In other Texas Capital Bancshares news, Director Robert W. Stallings purchased 20,000 shares of the stock in a transaction on Tuesday, October 22nd. The shares were bought at an average cost of $21.28 per share, with a total value of $425,600.00. Following the completion of the acquisition, the director now owns 84,587 shares in the company, valued at $1,800,011.36. This trade represents a 30.97 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.53% of the stock is currently owned by corporate insiders.

Texas Capital Bancshares 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.