Fifth Third Bancorp Has $334,000 Position in Texas Capital Bancshares, Inc. (TCBI)

Fifth Third Bancorp continued to hold its stake in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,000 shares of the bank’s stock at the end of the first quarter. Fifth Third Bancorp’s holdings in Texas Capital Bancshares were worth $334,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of TCBI. Metropolitan Life Insurance Co. NY raised its position in Texas Capital Bancshares by 4.7% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 34,131 shares of the bank’s stock valued at $2,676,000 after buying an additional 1,529 shares in the last quarter. Ellington Management Group LLC purchased a new position in Texas Capital Bancshares during the fourth quarter valued at approximately $227,000. Public Sector Pension Investment Board raised its position in Texas Capital Bancshares by 7.7% in the fourth quarter. Public Sector Pension Investment Board now owns 34,822 shares of the bank’s stock valued at $2,730,000 after buying an additional 2,500 shares in the last quarter. Envestnet Asset Management Inc. raised its position in Texas Capital Bancshares by 6.7% in the fourth quarter. Envestnet Asset Management Inc. now owns 12,780 shares of the bank’s stock valued at $999,000 after buying an additional 803 shares in the last quarter. Finally, Tyers Asset Management LLC purchased a new position in Texas Capital Bancshares during the fourth quarter valued at approximately $180,000.

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

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) traded down 0.47% on Friday, reaching $73.55. The company had a trading volume of 29,933 shares. The firm has a market capitalization of $3.65 billion, a price-to-earnings ratio of 21.55 and a beta of 1.66. Texas Capital Bancshares, Inc. has a 52-week low of $41.47 and a 52-week high of $93.35. The stock’s 50-day moving average price is $76.27 and its 200 day moving average price is $80.37.

Texas Capital Bancshares (NASDAQ:TCBI) last announced its quarterly earnings results on Wednesday, April 19th. The bank reported $0.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.88 by $0.08. Texas Capital Bancshares had a net margin of 21.42% and a return on equity of 9.90%. The company had revenue of $180.47 million during the quarter, compared to analyst estimates of $192.60 million. During the same quarter in the prior year, the company posted $0.49 earnings per share. On average, equities analysts anticipate that Texas Capital Bancshares, Inc. will post $3.86 earnings per share for the current fiscal year.

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Several research analysts have recently commented on the company. Barclays PLC restated a “hold” rating and set a $75.00 price target (down from $78.00) on shares of Texas Capital Bancshares in a research report on Friday, April 21st. Keefe, Bruyette & Woods set a $83.00 price target on Texas Capital Bancshares and gave the stock a “hold” rating in a research report on Monday, April 3rd. Stephens restated a “hold” rating on shares of Texas Capital Bancshares in a research report on Thursday, April 20th. Piper Jaffray Companies restated a “neutral” rating and set a $80.00 price target (down from $85.00) on shares of Texas Capital Bancshares in a research report on Saturday, April 22nd. Finally, Zacks Investment Research lowered Texas Capital Bancshares from a “buy” rating to a “hold” rating in a research report on Friday, April 21st. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $81.00.

In other Texas Capital Bancshares news, Director Ian J. Turpin sold 2,507 shares of the company’s stock in a transaction dated Friday, April 21st. The shares were sold at an average price of $73.59, for a total value of $184,490.13. Following the completion of the transaction, the director now directly owns 9,991 shares of the company’s stock, valued at approximately $735,237.69. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider C Keith Cargill acquired 5,000 shares of the firm’s stock in a transaction on Friday, April 21st. The stock was purchased at an average cost of $73.57 per share, with a total value of $367,850.00. Following the completion of the transaction, the insider now owns 77,286 shares in the company, valued at $5,685,931.02. The disclosure for this purchase can be found here. 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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