SYM FINANCIAL Corp Sells 513 Shares of Texas Capital Bancshares, Inc. $TCBI

SYM FINANCIAL Corp lowered its holdings in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 14.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,120 shares of the bank’s stock after selling 513 shares during the period. SYM FINANCIAL Corp’s holdings in Texas Capital Bancshares were worth $248,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. T. Rowe Price Investment Management Inc. boosted its stake in Texas Capital Bancshares by 0.8% during the first quarter. T. Rowe Price Investment Management Inc. now owns 3,332,471 shares of the bank’s stock worth $248,936,000 after acquiring an additional 26,786 shares in the last quarter. AQR Capital Management LLC boosted its stake in 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 acquiring an additional 657,630 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Texas Capital Bancshares by 9.2% during the first quarter. Massachusetts Financial Services Co. MA now owns 813,028 shares of the bank’s stock worth $60,733,000 after acquiring an additional 68,195 shares in the last quarter. Wellington Management Group LLP boosted its stake in Texas Capital Bancshares by 2.5% during the first quarter. Wellington Management Group LLP now owns 591,488 shares of the bank’s stock worth $44,184,000 after acquiring an additional 14,169 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in Texas Capital Bancshares by 3.7% during the first quarter. Goldman Sachs Group Inc. now owns 560,070 shares of the bank’s stock worth $41,837,000 after acquiring an additional 20,231 shares in the last quarter. Institutional investors own 96.88% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on TCBI. Weiss Ratings reissued a “hold (c)” rating on shares of Texas Capital Bancshares in a research note on Wednesday, October 8th. Zacks Research downgraded shares of Texas Capital Bancshares from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 9th. JPMorgan Chase & Co. upped their target price on shares of Texas Capital Bancshares from $90.00 to $92.00 and gave the stock an “underweight” rating in a research note on Thursday, October 23rd. Cowen started coverage on shares of Texas Capital Bancshares in a research note on Wednesday, September 24th. They issued a “hold” rating on the stock. Finally, Wall Street Zen upgraded shares of Texas Capital Bancshares from a “sell” rating to a “hold” rating in a research note on Sunday, July 13th. Three analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $87.60.

Texas Capital Bancshares Stock Up 0.5%

Shares of Texas Capital Bancshares stock opened at $85.90 on Tuesday. The company has a market cap of $3.92 billion, a price-to-earnings ratio of 14.06, a price-to-earnings-growth ratio of 0.65 and a beta of 0.67. The company’s 50 day moving average is $85.11 and its 200 day moving average is $79.81. Texas Capital Bancshares, Inc. has a twelve month low of $59.37 and a twelve month high of $94.61. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.19.

Texas Capital Bancshares (NASDAQ:TCBI) last issued its quarterly earnings data on Wednesday, October 22nd. The bank reported $2.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.77 by $0.41. The company had revenue of $340.35 million for the quarter, compared to the consensus estimate of $327.13 million. Texas Capital Bancshares had a net margin of 15.14% and a return on equity of 9.51%. The firm’s revenue for the quarter was up 171.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($1.41) earnings per share. Research analysts anticipate that Texas Capital Bancshares, Inc. will post 5.84 EPS for the current 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.