Texas Capital Bancshares, Inc. (NASDAQ:TCBI) was the recipient of a significant decrease in short interest during the month of November. As of November 30th, there was short interest totalling 2,139,175 shares, a decrease of 33.3% from the November 15th total of 3,208,644 shares. Approximately 4.3% of the company’s shares are short sold. Based on an average daily volume of 402,471 shares, the short-interest ratio is presently 5.3 days.

In related news, COO Peter B. Bartholow sold 3,500 shares of the company’s stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $87.52, for a total transaction of $306,320.00. Following the completion of the transaction, the chief operating officer now owns 34,171 shares of the company’s stock, valued at $2,990,645.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.47% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in TCBI. Vanguard Group Inc. boosted its stake in shares of Texas Capital Bancshares by 2.5% in 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 during the period. State Street Corp boosted its stake in shares of Texas Capital Bancshares by 14.8% in 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 during the period. Capital Research Global Investors boosted its stake in shares of Texas Capital Bancshares by 26.5% in 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 during the period. American Century Companies Inc. boosted its stake in shares of Texas Capital Bancshares by 37.2% in 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 during the period. Finally, Wasatch Advisors Inc. boosted its stake in shares of Texas Capital Bancshares by 3.6% in 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 during the period.

Shares of Texas Capital Bancshares (NASDAQ TCBI) opened at $92.00 on Friday. Texas Capital Bancshares has a 52-week low of $69.65 and a 52-week high of $95.20. The stock has a market cap of $4,570.00, a price-to-earnings ratio of 23.26, a PEG ratio of 1.85 and a beta of 1.66. The company has a quick ratio of 1.22, a current ratio of 1.27 and a debt-to-equity ratio of 1.44.

Texas Capital Bancshares (NASDAQ:TCBI) last released its quarterly earnings data on Wednesday, October 18th. The bank reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $214.08 million. During the same quarter in the prior year, the business earned $0.87 earnings per share. The business’s quarterly revenue was up 11.7% compared to the same quarter last year. research analysts forecast that Texas Capital Bancshares will post 4.03 EPS for the current fiscal year.

TCBI has been the subject of several research analyst reports. SunTrust Banks reaffirmed a “buy” rating and set a $90.00 price target on shares of Texas Capital Bancshares in a research report on Wednesday, October 4th. Royal Bank of Canada reaffirmed a “buy” rating on shares of Texas Capital Bancshares in a research report on Friday, October 20th. Bank of America reaffirmed a “buy” rating and set a $100.00 price target (up previously from $97.00) on shares of Texas Capital Bancshares in a research report on Thursday, October 19th. Zacks Investment Research raised shares of Texas Capital Bancshares from a “hold” rating to a “buy” rating and set a $90.00 price target for the company in a research report on Tuesday, September 19th. Finally, ValuEngine lowered shares of Texas Capital Bancshares from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $91.87.

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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.

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