Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Shares Acquired by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. raised its position in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 5.3% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,309 shares of the bank’s stock after buying an additional 217 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Texas Capital Bancshares were worth $309,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. AQR Capital Management LLC boosted its holdings in shares of Texas Capital Bancshares by 87.0% in the 2nd quarter. AQR Capital Management LLC now owns 1,087,715 shares of the bank’s stock valued at $65,219,000 after buying an additional 506,094 shares during the period. Millennium Management LLC boosted its stake in Texas Capital Bancshares by 146.7% in the second quarter. Millennium Management LLC now owns 372,370 shares of the bank’s stock valued at $22,767,000 after acquiring an additional 221,454 shares during the period. Mesirow Institutional Investment Management Inc. bought a new position in shares of Texas Capital Bancshares during the second quarter valued at approximately $11,489,000. American Century Companies Inc. raised its position in shares of Texas Capital Bancshares by 43.8% during the 2nd quarter. American Century Companies Inc. now owns 562,507 shares of the bank’s stock worth $34,392,000 after purchasing an additional 171,263 shares during the period. Finally, Wellington Management Group LLP lifted its holdings in shares of Texas Capital Bancshares by 15.4% in the 3rd quarter. Wellington Management Group LLP now owns 1,123,221 shares of the bank’s stock worth $80,265,000 after purchasing an additional 150,301 shares during the last quarter. Institutional investors own 96.88% of the company’s stock.

Texas Capital Bancshares Stock Down 1.3 %

TCBI opened at $84.42 on Monday. Texas Capital Bancshares, Inc. has a one year low of $54.68 and a one year high of $91.80. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market capitalization of $3.90 billion, a PE ratio of 469.00, a P/E/G ratio of 0.80 and a beta of 1.14. The stock’s fifty day moving average is $82.50 and its 200-day moving average is $70.50.

Texas Capital Bancshares (NASDAQ:TCBI) last announced its quarterly earnings data on Thursday, October 17th. The bank reported $1.62 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.65. The company had revenue of $304.91 million during the quarter, compared to the consensus estimate of $279.64 million. Texas Capital Bancshares had a return on equity of 8.06% and a net margin of 1.40%. On average, equities analysts predict that Texas Capital Bancshares, Inc. will post 4.15 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

TCBI has been the subject of a number of recent research reports. Barclays upped their price objective on Texas Capital Bancshares from $60.00 to $71.00 and gave the stock an “underweight” rating in a research note on Thursday, December 5th. Bank of America raised shares of Texas Capital Bancshares from an “underperform” rating to a “buy” rating and increased their price objective for the stock from $51.00 to $77.00 in a report on Monday, September 9th. Royal Bank of Canada boosted their target price on shares of Texas Capital Bancshares from $73.00 to $83.00 and gave the company a “sector perform” rating in a research note on Friday, October 18th. Hovde Group raised their price target on shares of Texas Capital Bancshares from $73.00 to $79.00 and gave the company a “market perform” rating in a research note on Friday, October 18th. Finally, JPMorgan Chase & Co. boosted their price objective on Texas Capital Bancshares from $72.00 to $80.00 and gave the stock an “underweight” rating in a research report on Friday, October 18th. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Texas Capital Bancshares has a consensus rating of “Hold” and an average target price of $74.69.

Insiders Place Their Bets

In other Texas Capital Bancshares news, Director Robert W. Stallings purchased 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 22nd. The shares were purchased at an average cost of $21.28 per share, with a total value of $425,600.00. Following the completion of the transaction, the director now owns 84,587 shares of the company’s stock, valued at approximately $1,800,011.36. This represents a 30.97 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.99% of the company’s stock.

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.