Mutual of America Capital Management LLC reduced shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Mutual of America Capital Management LLC reduced its holdings in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI – Free Report) by 5.1% during the second quarter, Holdings Channel reports. The fund owned 26,713 shares of the bank’s stock after selling 1,433 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Texas Capital Bancshares were worth $1,633,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in TCBI. SummerHaven Investment Management LLC boosted its holdings in shares of Texas Capital Bancshares by 1.9% in the second quarter. SummerHaven Investment Management LLC now owns 13,540 shares of the bank’s stock valued at $828,000 after acquiring an additional 257 shares in the last quarter. CWM LLC boosted its holdings in Texas Capital Bancshares by 40.8% in the second quarter. CWM LLC now owns 949 shares of the bank’s stock valued at $58,000 after acquiring an additional 275 shares in the last quarter. ProShare Advisors LLC raised its position in Texas Capital Bancshares by 3.3% in the first quarter. ProShare Advisors LLC now owns 10,804 shares of the bank’s stock worth $665,000 after purchasing an additional 344 shares during the period. Inçalta Capital LLC acquired a new position in shares of Texas Capital Bancshares in the second quarter worth about $26,000. Finally, AlphaMark Advisors LLC boosted its holdings in shares of Texas Capital Bancshares by 11.6% in the second quarter. AlphaMark Advisors LLC now owns 5,257 shares of the bank’s stock valued at $321,000 after purchasing an additional 546 shares during the period. 96.88% of shares are owned by institutional investors and hedge funds.

Changes in Analyst Ratings

A number of research analysts recently weighed in on the company. Raymond James raised Texas Capital Bancshares from a “market perform” rating to an “outperform” rating and set a $78.00 price objective on the stock in a report on Tuesday, September 17th. Truist Financial upped their target price on shares of Texas Capital Bancshares from $70.00 to $80.00 and gave the company a “hold” rating in a report on Friday, September 20th. Wedbush boosted their price objective on shares of Texas Capital Bancshares from $70.00 to $77.00 and gave the stock a “neutral” rating in a report on Tuesday. Stephens boosted their target price on shares of Texas Capital Bancshares from $73.00 to $75.00 and gave the company an “overweight” rating in a report on Friday, July 19th. Finally, Keefe, Bruyette & Woods reissued an “outperform” rating and set a $74.00 target price on shares of Texas Capital Bancshares in a research note on Monday, September 9th. Five analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $69.20.

Check out the latest stock analysis on Texas Capital Bancshares

Insider Trading at Texas Capital Bancshares

In other news, Director Robert W. Stallings purchased 10,000 shares of Texas Capital Bancshares stock in a transaction that occurred on Monday, July 29th. The stock was purchased at an average price of $20.46 per share, with a total value of $204,600.00. Following the completion of the purchase, the director now owns 31,294 shares of the company’s stock, valued at approximately $640,275.24. The transaction was disclosed in a filing with the SEC, which can be accessed via this link. In other Texas Capital Bancshares news, Director Robert W. Stallings purchased 10,000 shares of Texas Capital Bancshares stock in a transaction that occurred on Monday, July 29th. The shares were acquired at an average cost of $20.46 per share, for a total transaction of $204,600.00. Following the completion of the transaction, the director now owns 31,294 shares of the company’s stock, valued at approximately $640,275.24. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed via this link. Also, Director Robert W. Stallings acquired 15,000 shares of the stock in a transaction on Friday, August 2nd. The shares were purchased at an average price of $20.00 per share, with a total value of $300,000.00. Following the purchase, the director now directly owns 20,000 shares in the company, valued at $400,000. Disclosure for this purchase can be found here. Insiders bought a total of 43,500 shares of company stock worth $876,400 over the last ninety days. 0.99% of shares are currently held by corporate insiders.

Texas Capital Bancshares Stock Performance

Shares of Texas Capital Bancshares opened at $70.71 on Friday. Texas Capital Bancshares, Inc. it has a fifty-two week low of $52.89 and a fifty-two week high of $74.57. The company has a market cap of $3.27 billion, a price-to-earnings ratio of 21.43, a PEG ratio of 1.03 and a beta of 1.13. The stock has a fifty day moving average of $65.72 and a two hundred day moving average of $61.86. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.99, and a current ratio of 1.00.

Texas Capital Bancshares (NASDAQ:TCBI – Get Free Report ) last posted its quarterly earnings data on Thursday, July 18th. The bank reported $0.80 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.06). Texas Capital Bancshares had a return on equity of 6.05% and a net margin of 8.08%. The company had revenue of $472.49 million for the quarter, compared to analysts’ expectations of $268.02 million. In the same quarter last year, the business posted EPS of $1.33. On average, analysts anticipate that Texas Capital Bancshares, Inc. will post 3.44 EPS for the current fiscal year.

Texas Capital Bancshares Profile

(Free Report)

Texas Capital Bancshares, Inc operates as the bank holding company for Texas Capital Bank, is a full-service financial services firm that provides customized solutions to businesses, entrepreneurs and individual clients. The company offers commercial banking services; consumer bank; investment banking solutions, including capital markets, M&A and syndicated finance, as well as coverage of financial sponsors, capital solutions and institutional services; and wealth management services such as investment management, financial planning, lockbox and insurance, securities lending, estate planning and business succession, as well as philanthropic, fiduciary and executor services, personalized credit and depository services.

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Want to see what other hedge funds TCBI owns? Visit HoldingsChannel.com to get the latest 13F filings and insider trading for Texas Capital Bancshares, Inc. (NASDAQ:TCBI – Free Report).

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