December 1, 2016 - By Darrin Black · 0 Comments
Texas Capital Bancshares Inc (NASDAQ:TCBI) institutional sentiment decreased to 1.25 in 2016 Q2. Its down -0.06, from 1.31 in 2016Q1. The ratio has worsened, as 97 hedge funds increased and started new equity positions, while 74 reduced and sold their stakes in Texas Capital Bancshares Inc. The hedge funds in our partner’s database reported: 46.34 million shares, up from 44.63 million shares in 2016Q1. Also, the number of hedge funds holding Texas Capital Bancshares Inc in their top 10 equity positions increased from 2 to 3 for an increase of 1. Sold All: 14 Reduced: 60 Increased: 66 New Position: 31.
Texas Capital Bancshares, Inc. is a bank holding and a financial holding company. The company has a market cap of $3.46 billion. The Firm is the parent of Texas Capital Bank, National Association . It has a 26.02 P/E ratio. It offers a range of loans, deposit accounts and other financial services and products.
About 524,894 shares traded hands. Texas Capital Bancshares Inc (NASDAQ:TCBI) has risen 58.81% since April 28, 2016 and is uptrending. It has outperformed by 52.88% the S&P500.
Analysts await Texas Capital Bancshares Inc (NASDAQ:TCBI) to report earnings on January, 18. They expect $0.90 earnings per share, up 28.57% or $0.20 from last year’s $0.7 per share. TCBI’s profit will be $42.20M for 20.50 P/E if the $0.90 EPS becomes a reality. After $0.87 actual earnings per share reported by Texas Capital Bancshares Inc for the previous quarter, Wall Street now forecasts 3.45% EPS growth.
According to Zacks Investment Research, “Texas Capital Bancshares’ primary subsidiary is Texas Capital Bank, a commercial bank that delivers highly personalized financial services to Texas-based businesses and private client individuals. Headquartered in Dallas, the bank has full-service locations in Austin, Dallas, Fort Worth, Houston, Plano, and San Antonio.”
Spindletop Capital Llc holds 8.87% of its portfolio in Texas Capital Bancshares Inc for 125,000 shares. Daruma Capital Management Llc owns 1.10 million shares or 3.35% of their US portfolio. Moreover, Irving Magee Investment Management has 3.28% invested in the company for 143,726 shares. The Texas-based Texas Capital Bancshares Inc Tx has invested 2.12% in the stock. Channing Capital Management Llc, a Illinois-based fund reported 905,504 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider buys, and 2 insider sales for $204,929 net activity.
Ratings analysis reveals 19% of Texas Capital Bancshares Inc.’s analysts are positive. Out of 16 Wall Street analysts rating Texas Capital Bancshares Inc., 3 give it “Buy”, 0 “Sell” rating, while 13 recommend “Hold”. The lowest target is $38 while the high is $78. The stock’s average target of $56.69 is -23.18% below today’s ($73.8) share price. TCBI was included in 36 notes of analysts from July 24, 2015. Macquarie Research downgraded the shares of TCBI in a report on Thursday, January 21 to “Neutral” rating. The rating was downgraded by Bank of America on Wednesday, June 29 to “Neutral”. The firm has “Strong Buy” rating by Raymond James given on Monday, May 9. The firm has “Equal-Weight” rating by Barclays Capital given on Friday, October 9. The firm has “Neutral” rating by Sterne Agee CRT given on Thursday, August 20. The rating was downgraded by Deutsche Bank on Friday, November 11 to “Hold”. The stock of Texas Capital Bancshares Inc (NASDAQ:TCBI) earned “Strong Buy” rating by Raymond James on Thursday, November 3. Hovde Group downgraded Texas Capital Bancshares Inc (NASDAQ:TCBI) on Friday, April 1 to “Underperform” rating. Piper Jaffray maintained Texas Capital Bancshares Inc (NASDAQ:TCBI) rating on Monday, December 28. Piper Jaffray has “Neutral” rating and $52 price target. As per Friday, October 7, the company rating was initiated by Wedbush.
Texas Capital Bancshares, Inc., incorporated on November 20, 1996, is a bank holding and a financial holding company. The Firm is the parent of Texas Capital Bank, National Association (the Bank). The Firm offers a range of loans, deposit accounts and other financial services and products. The Firm offers commercial loans for general corporate purposes, including financing for working capital, internal growth, acquisitions and financing for business insurance premiums; real estate term and construction loans; mortgage finance lending; equipment leasing; treasury management services; wealth management and trust services, and letters of credit. The Firm provides a range of banking services for its individual customers, including personal wealth management and trust services; certificates of deposit; interest bearing and non-interest bearing checking accounts with optional features, such as Visa debit/ automatic teller machine (ATM) cards and overdraft protection; traditional money market and savings accounts; loans, both secured and unsecured, and Internet banking. The Bank offers over 10 banking centers, courier services and online banking. BankDirect, the Internet division of its bank, serves its clients round the clock through Internet banking. The Company’s wealth management and trust services include investment management, personal trust and estate services, custodial services, retirement accounts and related services. It also offers retirement products, such as individual retirement accounts and administrative services for retirement vehicles, such as pension and profit sharing plans.
Another recent and important Texas Capital Bancshares Inc (NASDAQ:TCBI) news was published by Nasdaq.com which published an article titled: “Texas Capital Bancshares Reaches Analyst Target Price” on November 10, 2016.
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By Darrin Black