Swiss National Bank raised its position in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 2.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 82,450 shares of the bank’s stock after buying an additional 1,700 shares during the quarter. Swiss National Bank owned approximately 0.17% of Texas Capital Bancshares worth $6,382,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. BlackRock Inc. lifted its stake in Texas Capital Bancshares by 19,441.6% in the first quarter. BlackRock Inc. now owns 5,594,948 shares of the bank’s stock valued at $466,900,000 after buying an additional 5,566,317 shares during the last quarter. State Street Corp lifted its stake in Texas Capital Bancshares by 48.4% in the first quarter. State Street Corp now owns 3,047,810 shares of the bank’s stock valued at $254,339,000 after buying an additional 994,585 shares during the last quarter. American Century Companies Inc. lifted its stake in Texas Capital Bancshares by 37.2% in the second quarter. American Century Companies Inc. now owns 1,619,357 shares of the bank’s stock valued at $125,338,000 after buying an additional 438,887 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Texas Capital Bancshares by 4.6% in the second quarter. Bank of New York Mellon Corp now owns 940,968 shares of the bank’s stock valued at $72,830,000 after buying an additional 41,564 shares during the last quarter. Finally, GW&K Investment Management LLC lifted its stake in Texas Capital Bancshares by 3.3% in the second quarter. GW&K Investment Management LLC now owns 778,344 shares of the bank’s stock valued at $60,244,000 after buying an additional 24,786 shares during the last quarter.

Texas Capital Bancshares, Inc. (TCBI) opened at 77.35 on Monday. Texas Capital Bancshares, Inc. has a one year low of $50.67 and a one year high of $93.35. The company’s 50-day moving average price is $75.43 and its 200-day moving average price is $78.30. The firm has a market cap of $3.84 billion, a price-to-earnings ratio of 21.47 and a beta of 1.67.

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

In other Texas Capital Bancshares news, insider C Keith Cargill bought 3,000 shares of the business’s stock in a transaction on Friday, August 11th. The shares were purchased at an average price of $74.15 per share, with a total value of $222,450.00. Following the purchase, the insider now directly owns 80,286 shares of the company’s stock, valued at $5,953,206.90. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.47% of the stock is owned by insiders.

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TCBI has been the subject of a number of research reports. BidaskClub upgraded Texas Capital Bancshares from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. Jefferies Group LLC reiterated a “buy” rating and issued a $104.00 price objective on shares of Texas Capital Bancshares in a research note on Friday, July 14th. Barclays PLC reiterated an “equal weight” rating and issued a $80.00 price objective (up previously from $75.00) on shares of Texas Capital Bancshares in a research note on Wednesday, July 12th. ValuEngine upgraded Texas Capital Bancshares from a “hold” rating to a “buy” rating in a research note on Tuesday, June 27th. Finally, Zacks Investment Research cut Texas Capital Bancshares from a “buy” rating to a “hold” rating in a research note on Friday, July 7th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $86.86.

Texas Capital Bancshares 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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