Municipal Employees Retirement System of Michigan raised its stake in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 71.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,130 shares of the bank’s stock after buying an additional 7,960 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in Texas Capital Bancshares were worth $1,481,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Teachers Advisors LLC increased its position in shares of Texas Capital Bancshares by 16.1% in the fourth quarter. Teachers Advisors LLC now owns 96,279 shares of the bank’s stock valued at $7,548,000 after buying an additional 13,326 shares during the last quarter. Peregrine Capital Management LLC acquired a new position in shares of Texas Capital Bancshares during the first quarter valued at about $9,711,000. Everence Capital Management Inc. acquired a new position in shares of Texas Capital Bancshares during the first quarter valued at about $287,000. Nisa Investment Advisors LLC increased its position in shares of Texas Capital Bancshares by 5.0% in the first quarter. Nisa Investment Advisors LLC now owns 21,620 shares of the bank’s stock valued at $1,804,000 after buying an additional 1,020 shares during the last quarter. Finally, Retirement Systems of Alabama acquired a new position in shares of Texas Capital Bancshares during the first quarter valued at about $5,350,000.

Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) opened at 80.05 on Monday. The firm has a market cap of $3.97 billion, a PE ratio of 22.22 and a beta of 1.67. The company has a 50 day moving average of $77.85 and a 200 day moving average of $80.26. Texas Capital Bancshares, Inc. has a 52 week low of $48.01 and a 52 week high of $93.35.

Texas Capital Bancshares (NASDAQ:TCBI) last released its quarterly earnings results on Wednesday, July 19th. The bank reported $0.97 EPS for the quarter, topping the consensus estimate of $0.94 by $0.03. The business had revenue of $201.73 million during the quarter, compared to analyst estimates of $197.10 million. Texas Capital Bancshares had a net margin of 21.84% and a return on equity of 10.01%. During the same quarter in the prior year, the firm earned $0.78 earnings per share. On average, equities research analysts anticipate that Texas Capital Bancshares, Inc. will post $4.01 EPS for the current fiscal year.

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TCBI has been the topic of several research reports. Stephens reissued a “hold” rating on shares of Texas Capital Bancshares in a research report on Thursday, April 20th. Raymond James Financial, Inc. reissued a “market perform” rating on shares of Texas Capital Bancshares in a research report on Thursday, April 20th. Zacks Investment Research downgraded shares of Texas Capital Bancshares from a “buy” rating to a “hold” rating in a research report on Friday, April 21st. Barclays PLC reissued a “hold” rating and set a $75.00 price objective (down from $78.00) on shares of Texas Capital Bancshares in a research report on Friday, April 21st. Finally, Piper Jaffray Companies reissued a “neutral” rating and set a $80.00 price objective (down from $85.00) on shares of Texas Capital Bancshares in a research report on Saturday, April 22nd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Texas Capital Bancshares presently has an average rating of “Hold” and a consensus target price of $86.15.

In other news, CFO Peter B. Bartholow sold 4,000 shares of the company’s stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $74.52, for a total transaction of $298,080.00. Following the completion of the transaction, the chief financial officer now owns 37,671 shares in the company, valued at $2,807,242.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.47% of the stock is currently owned by corporate 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 loan, deposit account and other financial products and services to its customers. It offers a range of products and services for its business customers, including commercial loans for general corporate purposes, including financing for working capital, internal growth, acquisitions and financing for business insurance premiums; medium- and long-term tax-exempt loans for municipalities and other governmental and tax-exempt entities; wealth management and trust services, and letters of credit.

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

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