Spindletop Capital LLC grew its position in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 1.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 258,500 shares of the bank’s stock after acquiring an additional 3,979 shares during the quarter. Texas Capital Bancshares accounts for about 17.1% of Spindletop Capital LLC’s holdings, making the stock its 2nd largest position. Spindletop Capital LLC owned 0.52% of Texas Capital Bancshares worth $22,179,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Exane Derivatives bought a new position in shares of Texas Capital Bancshares during the 2nd quarter worth approximately $125,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Texas Capital Bancshares by 14.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,018 shares of the bank’s stock worth $156,000 after buying an additional 248 shares during the period. Hilton Capital Management LLC bought a new position in shares of Texas Capital Bancshares during the 2nd quarter worth approximately $201,000. Cubist Systematic Strategies LLC acquired a new stake in Texas Capital Bancshares during the 2nd quarter valued at $201,000. Finally, Rehmann Capital Advisory Group acquired a new stake in Texas Capital Bancshares during the 3rd quarter valued at $201,000. Institutional investors own 99.81% of the company’s stock.
Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) traded up $0.50 during trading on Friday, hitting $80.90. The company had a trading volume of 85,029 shares, compared to its average volume of 530,806. The company has a current ratio of 1.27, a quick ratio of 1.22 and a debt-to-equity ratio of 1.44. Texas Capital Bancshares, Inc. has a twelve month low of $63.90 and a twelve month high of $93.35. The firm has a market capitalization of $4,071.86, a PE ratio of 21.31, a PEG ratio of 1.69 and a beta of 1.67.
Texas Capital Bancshares (NASDAQ:TCBI) last announced its quarterly earnings data on Wednesday, October 18th. The bank reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.01. Texas Capital Bancshares had a return on equity of 10.40% and a net margin of 22.50%. The business had revenue of $204.40 million during the quarter, compared to analysts’ expectations of $214.08 million. During the same period in the previous year, the firm earned $0.87 earnings per share. The firm’s quarterly revenue was up 11.7% compared to the same quarter last year. research analysts predict that Texas Capital Bancshares, Inc. will post 4.04 earnings per share for the current fiscal year.
In other Texas Capital Bancshares news, COO Peter B. Bartholow sold 3,500 shares of Texas Capital Bancshares stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $87.52, for a total transaction of $306,320.00. Following the transaction, the chief operating officer now directly owns 34,171 shares in the company, valued at $2,990,645.92. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.47% of the stock is owned by insiders.
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A number of equities research analysts recently weighed in on the company. Barclays PLC set a $87.00 price target on Texas Capital Bancshares and gave the company a “hold” rating in a report on Friday, October 20th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Texas Capital Bancshares in a report on Friday, October 20th. Zacks Investment Research cut Texas Capital Bancshares from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. Wedbush cut Texas Capital Bancshares from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $88.00 to $87.00 in a report on Wednesday, October 4th. They noted that the move was a valuation call. Finally, SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $90.00 price target on shares of Texas Capital Bancshares in a report on Wednesday, October 4th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $91.53.
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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