GSA Capital Partners LLP Purchases Shares of 4,388 Texas Capital Bancshares Inc. (TCBI)
GSA Capital Partners LLP bought a new position in Texas Capital Bancshares Inc. (NASDAQ:TCBI) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,388 shares of the company’s stock, valued at approximately $205,000.
Several other hedge funds have also recently bought and sold shares of TCBI. 1st Global Advisors Inc. boosted its stake in Texas Capital Bancshares by 1.6% in the second quarter. 1st Global Advisors Inc. now owns 6,003 shares of the company’s stock worth $281,000 after buying an additional 96 shares during the period. Eagle Boston Investment Management Inc. boosted its stake in Texas Capital Bancshares by 0.4% in the second quarter. Eagle Boston Investment Management Inc. now owns 37,009 shares of the company’s stock worth $1,730,000 after buying an additional 163 shares during the period. Aristotle Capital Boston LLC boosted its stake in Texas Capital Bancshares by 1.8% in the first quarter. Aristotle Capital Boston LLC now owns 27,035 shares of the company’s stock worth $1,038,000 after buying an additional 482 shares during the period. Capstone Asset Management Co. boosted its stake in Texas Capital Bancshares by 5.4% in the second quarter. Capstone Asset Management Co. now owns 14,140 shares of the company’s stock worth $661,000 after buying an additional 730 shares during the period. Finally, BlackRock Inc. boosted its stake in Texas Capital Bancshares by 97.3% in the first quarter. BlackRock Inc. now owns 3,097 shares of the company’s stock worth $118,000 after buying an additional 1,527 shares during the period.
Shares of Texas Capital Bancshares Inc. (NASDAQ:TCBI) traded up 3.14% on Friday, hitting $54.92. The company had a trading volume of 253,882 shares. The company has a 50-day moving average of $52.13 and a 200 day moving average of $46.83. Texas Capital Bancshares Inc. has a 12 month low of $29.78 and a 12 month high of $61.83. The stock has a market cap of $2.52 billion, a PE ratio of 20.27 and a beta of 1.48.
Texas Capital Bancshares (NASDAQ:TCBI) last released its quarterly earnings data on Wednesday, July 20th. The company reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.01. Texas Capital Bancshares had a net margin of 19.73% and a return on equity of 9.14%. During the same quarter last year, the business earned $0.76 EPS. Analysts anticipate that Texas Capital Bancshares Inc. will post $2.98 EPS for the current fiscal year.
A number of analysts have recently commented on the company. FIG Partners reiterated a “market-perform” rating on shares of Texas Capital Bancshares in a research report on Monday, June 6th. Citigroup Inc. cut Texas Capital Bancshares to an “outperform” rating and lifted their target price for the stock from $52.00 to $54.00 in a research report on Thursday, July 21st. Compass Point assumed coverage on Texas Capital Bancshares in a research report on Friday, July 1st. They set a “buy” rating and a $54.00 target price on the stock. Bank of America Corp. cut Texas Capital Bancshares from a “buy” rating to a “neutral” rating in a research report on Wednesday, June 29th. Finally, TheStreet cut Texas Capital Bancshares from a “buy” rating to a “hold” rating in a research report on Tuesday, August 2nd. Fourteen analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $50.82.
In other Texas Capital Bancshares news, Director James H. Browning sold 2,500 shares of the company’s stock in a transaction dated Thursday, September 1st. The shares were sold at an average price of $52.55, for a total value of $131,375.00. Following the completion of the transaction, the director now owns 8,314 shares in the company, valued at approximately $436,900.70. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.08% of the stock is currently owned by company insiders.
Texas Capital Bancshares Company Profile
Texas Capital Bancshares, Inc is a bank holding and a financial holding company. The Company is the parent of Texas Capital Bank, National Association (the Bank). It offers a range of loans, deposit accounts and other financial products and services. It offers commercial loans for general corporate purposes, including financing for working capital, internal growth, acquisitions and financing for business insurance premiums; real estate term and construction loans; mortgage finance lending; equipment leasing; treasury management services; wealth management and trust services, and letters of credit.
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