Texas Capital Bancshares, Inc. $TCBI Stock Sold by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al lessened its holdings in Texas Capital Bancshares, Inc. (TXSE:TCBI) by 36.8% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,300 shares of the bank’s stock after selling 6,000 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Texas Capital Bancshares were worth $958,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of TCBI. Evergreen Capital Management LLC increased its position in shares of Texas Capital Bancshares by 5.9% in the 3rd quarter. Evergreen Capital Management LLC now owns 7,372 shares of the bank’s stock valued at $686,000 after purchasing an additional 408 shares during the last quarter. Tectonic Advisors LLC raised its position in shares of Texas Capital Bancshares by 15.7% during the 3rd quarter. Tectonic Advisors LLC now owns 24,559 shares of the bank’s stock worth $2,285,000 after acquiring an additional 3,329 shares in the last quarter. Sterling Capital Management LLC lifted its stake in Texas Capital Bancshares by 19.5% during the third quarter. Sterling Capital Management LLC now owns 937 shares of the bank’s stock worth $87,000 after purchasing an additional 153 shares during the last quarter. Inspire Investing LLC lifted its position in shares of Texas Capital Bancshares by 4.4% during the 3rd quarter. Inspire Investing LLC now owns 6,849 shares of the bank’s stock worth $637,000 after buying an additional 290 shares during the last quarter. Finally, Root Financial Partners LLC acquired a new position in shares of Texas Capital Bancshares in the 3rd quarter valued at $26,000. Hedge funds and other institutional investors own 96.88% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on TCBI. Wall Street Zen upgraded shares of Texas Capital Bancshares from a “sell” rating to a “hold” rating in a research note on Saturday, August 29th. Weiss Ratings restated a “buy (b)” rating on shares of Texas Capital Bancshares in a research note on Friday, October 2nd. DA Davidson set a $105.00 target price on shares of Texas Capital Bancshares in a report on Thursday, October 22nd. JPMorgan Chase & Co. reduced their price objective on Texas Capital Bancshares from $110.00 to $100.00 and set an “underweight” rating for the company in a research note on Thursday, October 1st. Finally, Royal Bank Of Canada reduced their target price on shares of Texas Capital Bancshares from $113.00 to $110.00 and set a “sector perform” rating for the company in a research note on Thursday, October 22nd. Three equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $106.00.

Texas Capital Bancshares Trading Down 2.8%

Shares of TCBI opened at $103.09 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.99 and a quick ratio of 0.99. The firm has a 50 day simple moving average of $96.21 and a 200-day simple moving average of $98.82. Texas Capital Bancshares, Inc. has a 1-year low of $82.14 and a 1-year high of $108.92. The stock has a market cap of $4.37 billion, a price-to-earnings ratio of 13.23, a price-to-earnings-growth ratio of 1.03 and a beta of 0.63.

Texas Capital Bancshares (TXSE:TCBI) last announced its earnings results on Wednesday, October 21st. The bank reported $2.35 earnings per share for the quarter, beating the consensus estimate of $1.96 by $0.39. The firm had revenue of $356.60 million during the quarter, compared to the consensus estimate of $339.89 million. Texas Capital Bancshares had a net margin of 17.74% and a return on equity of 11.04%. Equities analysts forecast that Texas Capital Bancshares, Inc. will post 7.72 EPS for the current fiscal year.

Texas Capital Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Tuesday, December 1st will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Tuesday, December 1st. Texas Capital Bancshares’s dividend payout ratio (DPR) is presently 10.27%.

Texas Capital Bancshares Company Profile

Texas Capital Bancshares, Inc is the parent company of Texas Capital Bank, a full-service financial institution headquartered in Dallas, Texas. The bank primarily serves commercial and middle-market businesses, entrepreneurs, professionals, high-net-worth individuals and institutions.

Texas Capital Bank offers commercial and private banking services, including business and personal deposit accounts, commercial and real estate lending, treasury management, wealth management and related financial solutions.