American Century Companies Inc. Raises Position in Texas Capital Bancshares Inc (TCBI)

American Century Companies Inc. boosted its position in shares of Texas Capital Bancshares Inc (NASDAQ:TCBI) by 1.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,515,412 shares of the bank’s stock after acquiring an additional 14,507 shares during the period. American Century Companies Inc. owned approximately 3.02% of Texas Capital Bancshares worth $125,249,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Point72 Asset Management L.P. bought a new stake in shares of Texas Capital Bancshares in the 2nd quarter valued at $119,000. Cerebellum GP LLC bought a new stake in shares of Texas Capital Bancshares in the 3rd quarter valued at $172,000. US Bancorp DE increased its position in shares of Texas Capital Bancshares by 55.6% in the 3rd quarter. US Bancorp DE now owns 3,508 shares of the bank’s stock valued at $290,000 after buying an additional 1,254 shares in the last quarter. Capital Management Associates NY bought a new stake in shares of Texas Capital Bancshares in the 2nd quarter valued at $329,000. Finally, State of Alaska Department of Revenue bought a new stake in shares of Texas Capital Bancshares in the 2nd quarter valued at $350,000.

In other Texas Capital Bancshares news, Director Ian J. Turpin sold 5,320 shares of Texas Capital Bancshares stock in a transaction on Friday, August 24th. The shares were sold at an average price of $93.06, for a total value of $495,079.20. Following the completion of the sale, the director now directly owns 8,602 shares of the company’s stock, valued at $800,502.12. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Vince A. Ackerson purchased 2,000 shares of the firm’s stock in a transaction on Friday, October 19th. The stock was bought at an average cost of $67.00 per share, with a total value of $134,000.00. Following the completion of the purchase, the insider now owns 28,485 shares of the company’s stock, valued at approximately $1,908,495. The disclosure for this purchase can be found here. 0.48% of the stock is owned by company insiders.

NASDAQ TCBI opened at $62.82 on Friday. The company has a current ratio of 1.29, a quick ratio of 1.21 and a debt-to-equity ratio of 1.58. The company has a market cap of $3.17 billion, a P/E ratio of 15.40, a PEG ratio of 1.02 and a beta of 1.86. Texas Capital Bancshares Inc has a 1 year low of $61.48 and a 1 year high of $103.05.

Texas Capital Bancshares (NASDAQ:TCBI) last issued its quarterly earnings results on Wednesday, October 17th. The bank reported $1.65 EPS for the quarter, missing analysts’ consensus estimates of $1.72 by ($0.07). The business had revenue of $257.69 million for the quarter, compared to analyst estimates of $257.14 million. Texas Capital Bancshares had a return on equity of 13.36% and a net margin of 23.10%. During the same quarter last year, the firm posted $1.12 EPS. Equities analysts expect that Texas Capital Bancshares Inc will post 6.02 EPS for the current year.

A number of analysts recently commented on TCBI shares. Wedbush upped their price objective on shares of Texas Capital Bancshares from $109.00 to $110.00 and gave the company a “$96.20” rating in a research report on Thursday, July 19th. Zacks Investment Research raised shares of Texas Capital Bancshares from a “hold” rating to a “buy” rating and set a $97.00 target price for the company in a research note on Tuesday, September 18th. SunTrust Banks reaffirmed a “buy” rating on shares of Texas Capital Bancshares in a research note on Friday, July 20th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $117.00 target price on shares of Texas Capital Bancshares in a research note on Friday, July 20th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $110.00 target price on shares of Texas Capital Bancshares in a research note on Friday, July 20th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $96.82.

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About Texas Capital Bancshares

Texas Capital Bancshares, Inc operates as the bank holding company for Texas Capital Bank, National Association that provides various banking products and services for commercial businesses, and professionals and entrepreneurs. It offers business deposit products and services, including commercial checking accounts, lockbox accounts, and cash concentration accounts, as well as other treasury management services, including information services, wire transfer initiation, ACH initiation, account transfer, and service integration; and consumer deposit products, such as checking accounts, savings accounts, money market accounts, and certificates of deposit.

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

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