Solaris Asset Management LLC held its position in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,429 shares of the bank’s stock at the end of the second quarter. Solaris Asset Management LLC’s holdings in Texas Capital Bancshares were worth $111,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. HPM Partners LLC bought a new stake in shares of Texas Capital Bancshares during the first quarter valued at about $1,941,000. First Trust Advisors LP boosted its stake in shares of Texas Capital Bancshares by 222.0% in the first quarter. First Trust Advisors LP now owns 291,003 shares of the bank’s stock valued at $24,284,000 after buying an additional 200,636 shares in the last quarter. State Treasurer State of Michigan bought a new stake in shares of Texas Capital Bancshares during the first quarter valued at about $1,677,000. Canada Pension Plan Investment Board boosted its stake in shares of Texas Capital Bancshares by 88.9% in the first quarter. Canada Pension Plan Investment Board now owns 1,700 shares of the bank’s stock valued at $142,000 after buying an additional 800 shares in the last quarter. Finally, Adams Diversified Equity Fund Inc. boosted its stake in shares of Texas Capital Bancshares by 2.7% in the first quarter. Adams Diversified Equity Fund Inc. now owns 15,300 shares of the bank’s stock valued at $1,277,000 after buying an additional 400 shares in the last quarter.

Shares of Texas Capital Bancshares, Inc. (TCBI) opened at 77.95 on Thursday. The firm has a market cap of $3.87 billion, a price-to-earnings ratio of 21.63 and a beta of 1.67. Texas Capital Bancshares, Inc. has a 52 week low of $48.01 and a 52 week high of $93.35. The stock has a 50 day moving average of $78.10 and a 200-day moving average of $80.29.

Texas Capital Bancshares (NASDAQ:TCBI) last posted its quarterly earnings results on Wednesday, July 19th. The bank reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.03. The company had revenue of $201.73 million for 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 period last year, the business posted $0.78 EPS. Equities research analysts expect that Texas Capital Bancshares, Inc. will post $4.01 earnings per share for the current year.

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Several brokerages have recently issued reports on TCBI. ValuEngine cut shares of Texas Capital Bancshares from a “buy” rating to a “hold” rating in a research note on Thursday, July 20th. BidaskClub raised shares of Texas Capital Bancshares from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Jefferies Group LLC reaffirmed a “buy” rating and set a $104.00 price target on shares of Texas Capital Bancshares in a research report on Friday, July 14th. Stephens reaffirmed a “hold” rating on shares of Texas Capital Bancshares in a research report on Thursday, April 20th. Finally, Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of Texas Capital Bancshares in a research report on Thursday, April 20th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Texas Capital Bancshares has an average rating of “Hold” and a consensus target price of $86.15.

In other Texas Capital Bancshares news, CFO Peter B. Bartholow sold 4,000 shares of the firm’s stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $74.52, for a total value of $298,080.00. Following the sale, the chief financial officer now directly owns 37,671 shares in the company, valued at approximately $2,807,242.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.47% of the company’s stock.

About Texas Capital Bancshares

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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