Texas Capital Bancshares, Inc. (TCBI) Position Increased by Principal Financial Group Inc.

Principal Financial Group Inc. raised its stake in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 1.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 212,205 shares of the bank’s stock after purchasing an additional 2,855 shares during the period. Principal Financial Group Inc. owned 0.43% of Texas Capital Bancshares worth $18,207,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in Texas Capital Bancshares by 2.5% during the second quarter. Vanguard Group Inc. now owns 4,053,255 shares of the bank’s stock valued at $313,721,000 after purchasing an additional 98,473 shares in the last quarter. State Street Corp lifted its holdings in Texas Capital Bancshares by 14.8% during the second quarter. State Street Corp now owns 3,497,607 shares of the bank’s stock valued at $270,711,000 after purchasing an additional 449,797 shares in the last quarter. Capital Research Global Investors lifted its holdings in Texas Capital Bancshares by 26.5% during the second quarter. Capital Research Global Investors now owns 2,127,895 shares of the bank’s stock valued at $164,699,000 after purchasing an additional 445,248 shares in the last quarter. American Century Companies Inc. lifted its holdings in Texas Capital Bancshares by 37.2% during the second quarter. American Century Companies Inc. now owns 1,619,357 shares of the bank’s stock valued at $125,338,000 after purchasing an additional 438,887 shares in the last quarter. Finally, Wasatch Advisors Inc. lifted its holdings in Texas Capital Bancshares by 3.6% during the second quarter. Wasatch Advisors Inc. now owns 1,438,060 shares of the bank’s stock valued at $111,306,000 after purchasing an additional 50,474 shares in the last quarter.

Several equities analysts have recently weighed in on the stock. Royal Bank Of Canada reissued a “buy” rating on shares of Texas Capital Bancshares in a research note on Friday, October 20th. Barclays PLC set a $87.00 price target on shares of Texas Capital Bancshares and gave the stock a “hold” rating in a research note on Friday, October 20th. Zacks Investment Research downgraded shares of Texas Capital Bancshares from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. SunTrust Banks, Inc. restated a “buy” rating and set a $90.00 price objective on shares of Texas Capital Bancshares in a research report on Wednesday, October 4th. Finally, Wedbush cut shares of Texas Capital Bancshares from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $88.00 to $87.00 in a research report on Wednesday, October 4th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $91.53.

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) opened at $81.80 on Friday. Texas Capital Bancshares, Inc. has a 12 month low of $69.50 and a 12 month high of $93.35. The company has a quick ratio of 1.22, a current ratio of 1.27 and a debt-to-equity ratio of 1.44. The company has a market cap of $4,059.49, a P/E ratio of 21.25, a PEG ratio of 1.69 and a beta of 1.67.

Texas Capital Bancshares (NASDAQ:TCBI) last issued its quarterly earnings results on Wednesday, October 18th. The bank reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.01. Texas Capital Bancshares had a net margin of 22.50% and a return on equity of 10.40%. The company had revenue of $204.40 million during the quarter, compared to the consensus estimate of $214.08 million. During the same quarter in the previous year, the firm earned $0.87 earnings per share. The firm’s quarterly revenue was up 11.7% on a year-over-year basis. sell-side analysts expect that Texas Capital Bancshares, Inc. will post 4.03 EPS for the current year.

In related news, COO Peter B. Bartholow sold 3,500 shares of Texas Capital Bancshares stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $87.52, for a total value of $306,320.00. Following the completion of the transaction, the chief operating officer now owns 34,171 shares in the company, valued at $2,990,645.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.47% of the stock is owned by insiders.

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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.

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

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