GFS Advisors LLC Buys New Position in Texas Capital Bancshares Inc (TCBI)

GFS Advisors LLC bought a new stake in Texas Capital Bancshares Inc (NASDAQ:TCBI) in the third quarter, HoldingsChannel.com reports. The firm bought 2,600 shares of the bank’s stock, valued at approximately $215,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Point72 Asset Management L.P. purchased a new position in Texas Capital Bancshares during the second quarter valued at $119,000. FMR LLC purchased a new position in Texas Capital Bancshares during the third quarter valued at $129,000. Cerebellum GP LLC purchased a new position in Texas Capital Bancshares during the third quarter valued at $172,000. First Mercantile Trust Co. raised its stake in Texas Capital Bancshares by 50.8% during the third quarter. First Mercantile Trust Co. now owns 3,198 shares of the bank’s stock valued at $264,000 after buying an additional 1,078 shares during the last quarter. Finally, US Bancorp DE raised its stake in Texas Capital Bancshares by 55.6% during the third 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 during the last quarter.

A number of research analysts have issued reports on the company. TheStreet cut Texas Capital Bancshares from a “b-” rating to a “c+” rating in a research note on Tuesday, November 20th. Compass Point upgraded Texas Capital Bancshares to a “buy” rating and lowered their price objective for the company from $103.00 to $84.00 in a research note on Thursday, November 15th. UBS Group upgraded Texas Capital Bancshares from a “sell” rating to a “neutral” rating and lowered their price objective for the company from $76.00 to $70.00 in a research note on Wednesday, October 24th. They noted that the move was a valuation call. Zacks Investment Research upgraded Texas Capital Bancshares from a “sell” rating to a “hold” rating in a research note on Friday, October 19th. Finally, ValuEngine cut Texas Capital Bancshares from a “sell” rating to a “strong sell” rating in a research note on Thursday, October 18th. Two 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 company has a consensus rating of “Hold” and an average price target of $96.82.

In other Texas Capital Bancshares news, CEO C Keith Cargill bought 3,000 shares of Texas Capital Bancshares stock in a transaction on Friday, October 19th. The stock was acquired at an average price of $67.59 per share, with a total value of $202,770.00. Following the acquisition, the chief executive officer now owns 90,880 shares in the company, valued at $6,142,579.20. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Vince A. Ackerson bought 2,000 shares of Texas Capital Bancshares stock in a transaction on Friday, October 19th. The stock was acquired at an average cost of $67.00 per share, with a total value of $134,000.00. Following the acquisition, the insider now owns 28,485 shares in the company, valued at approximately $1,908,495. The disclosure for this purchase can be found here. 0.48% of the stock is currently owned by company insiders.

Texas Capital Bancshares stock opened at $58.34 on Friday. The firm has a market capitalization of $2.93 billion, a price-to-earnings ratio of 14.30, a price-to-earnings-growth ratio of 0.94 and a beta of 1.86. Texas Capital Bancshares Inc has a 12 month low of $57.21 and a 12 month high of $103.05. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.29 and a quick ratio of 1.21.

Texas Capital Bancshares (NASDAQ:TCBI) last posted its earnings results on Wednesday, October 17th. The bank reported $1.65 EPS for the quarter, missing the Zacks’ consensus estimate of $1.72 by ($0.07). The business had revenue of $257.69 million during the quarter, compared to the consensus estimate 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 period in the previous year, the business posted $1.12 EPS. Equities research analysts forecast that Texas Capital Bancshares Inc will post 6.01 earnings per share for the current year.

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Texas Capital Bancshares Profile

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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