Brinker Capital Inc. Grows Stake in Texas Capital Bancshares Inc (NASDAQ:TCBI)

Brinker Capital Inc. lifted its stake in shares of Texas Capital Bancshares Inc (NASDAQ:TCBI) by 12.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,100 shares of the bank’s stock after buying an additional 1,682 shares during the period. Brinker Capital Inc.’s holdings in Texas Capital Bancshares were worth $771,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of TCBI. JOYN Advisors Inc. boosted its position in shares of Texas Capital Bancshares by 1,445.8% during the 4th quarter. JOYN Advisors Inc. now owns 912 shares of the bank’s stock worth $47,000 after purchasing an additional 853 shares in the last quarter. JCSD Capital LLC purchased a new stake in shares of Texas Capital Bancshares during the 4th quarter worth approximately $51,000. Toronto Dominion Bank purchased a new stake in shares of Texas Capital Bancshares during the 4th quarter worth approximately $74,000. First Interstate Bank grew its stake in Texas Capital Bancshares by 39.3% in the 4th quarter. First Interstate Bank now owns 2,090 shares of the bank’s stock valued at $107,000 after buying an additional 590 shares in the last quarter. Finally, FMR LLC purchased a new position in Texas Capital Bancshares in the 3rd quarter valued at approximately $129,000. Institutional investors and hedge funds own 98.45% of the company’s stock.

NASDAQ TCBI traded down $1.24 on Monday, hitting $57.98. 749,300 shares of the company’s stock traded hands, compared to its average volume of 731,106. The company has a current ratio of 1.32, a quick ratio of 1.23 and a debt-to-equity ratio of 1.83. Texas Capital Bancshares Inc has a 1-year low of $47.86 and a 1-year high of $103.05. The stock has a market cap of $2.96 billion, a price-to-earnings ratio of 10.01, a PEG ratio of 0.90 and a beta of 1.77.

Texas Capital Bancshares (NASDAQ:TCBI) last released its earnings results on Wednesday, January 23rd. The bank reported $1.38 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.59 by ($0.21). Texas Capital Bancshares had a return on equity of 13.35% and a net margin of 24.02%. The business had revenue of $255.95 million for the quarter, compared to analysts’ expectations of $253.17 million. During the same period in the previous year, the company earned $1.19 EPS. Analysts forecast that Texas Capital Bancshares Inc will post 6.24 EPS for the current year.

TCBI has been the subject of several analyst reports. Wedbush downgraded shares of Texas Capital Bancshares from an “outperform” rating to a “neutral” rating and set a $65.00 price target for the company. in a report on Wednesday, March 27th. Jefferies Financial Group downgraded shares of Texas Capital Bancshares from a “buy” rating to a “hold” rating in a research note on Tuesday, January 8th. Barclays upgraded shares of Texas Capital Bancshares from an “equal weight” rating to an “overweight” rating and set a $70.00 price objective on the stock in a research report on Thursday, January 10th. Zacks Investment Research upgraded shares of Texas Capital Bancshares from a “sell” rating to a “hold” rating in a report on Tuesday, January 15th. Finally, Stephens reiterated a “hold” rating and issued a $59.00 target price on shares of Texas Capital Bancshares in a research note on Wednesday, December 19th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $89.57.

In related news, Director Steve Rosenberg sold 2,305 shares of the stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $61.31, for a total transaction of $141,319.55. Following the completion of the sale, the director now directly owns 35,008 shares of the company’s stock, valued at $2,146,340.48. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Ian J. Turpin sold 1,294 shares of Texas Capital Bancshares stock in a transaction on Thursday, February 28th. The stock was sold at an average price of $60.72, for a total value of $78,571.68. Following the transaction, the director now directly owns 8,102 shares of the company’s stock, valued at approximately $491,953.44. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by corporate insiders.

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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.

See Also: Systematic Risk

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

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