Texas Capital Bancshares Inc (TCBI) Shares Bought by United Services Automobile Association

United Services Automobile Association increased its holdings in Texas Capital Bancshares Inc (NASDAQ:TCBI) by 4.7% in the 4th quarter, HoldingsChannel reports. The fund owned 210,353 shares of the bank’s stock after purchasing an additional 9,512 shares during the period. United Services Automobile Association’s holdings in Texas Capital Bancshares were worth $10,747,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Retirement Systems of Alabama lifted its stake in Texas Capital Bancshares by 0.4% in the 4th quarter. Retirement Systems of Alabama now owns 65,065 shares of the bank’s stock worth $3,324,000 after acquiring an additional 243 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its stake in Texas Capital Bancshares by 1.3% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 19,845 shares of the bank’s stock worth $1,014,000 after acquiring an additional 245 shares in the last quarter. Legal & General Group Plc lifted its stake in Texas Capital Bancshares by 0.5% in the 3rd quarter. Legal & General Group Plc now owns 60,593 shares of the bank’s stock worth $5,008,000 after acquiring an additional 299 shares in the last quarter. Arizona State Retirement System lifted its stake in Texas Capital Bancshares by 1.1% in the 4th quarter. Arizona State Retirement System now owns 36,018 shares of the bank’s stock worth $1,840,000 after acquiring an additional 403 shares in the last quarter. Finally, Oakbrook Investments LLC raised its stake in shares of Texas Capital Bancshares by 9.3% during the 4th quarter. Oakbrook Investments LLC now owns 5,850 shares of the bank’s stock worth $299,000 after purchasing an additional 500 shares in the last quarter. 97.90% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ TCBI traded up $0.31 during mid-day trading on Friday, reaching $58.89. 5,427 shares of the company traded hands, compared to its average volume of 666,654. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.23 and a current ratio of 1.32. The firm has a market cap of $2.98 billion, a price-to-earnings ratio of 10.18, a P/E/G ratio of 0.90 and a beta of 1.79. Texas Capital Bancshares Inc has a fifty-two week low of $47.86 and a fifty-two week high of $103.05.



Texas Capital Bancshares (NASDAQ:TCBI) last issued its quarterly earnings data on Wednesday, January 23rd. The bank reported $1.38 EPS for the quarter, missing the Zacks’ consensus estimate of $1.59 by ($0.21). The company had revenue of $255.95 million for the quarter, compared to analyst estimates of $253.17 million. Texas Capital Bancshares had a net margin of 24.02% and a return on equity of 13.35%. During the same period in the prior year, the company posted $1.19 EPS. As a group, equities research analysts forecast that Texas Capital Bancshares Inc will post 6.35 earnings per share for the current year.

A number of equities research analysts have recently weighed in on TCBI shares. Zacks Investment Research reaffirmed a “hold” rating on shares of Texas Capital Bancshares in a research note on Monday, December 31st. JPMorgan Chase & Co. started coverage on Texas Capital Bancshares in a research note on Friday, December 14th. They set a “neutral” rating for the company. Jefferies Financial Group downgraded Texas Capital Bancshares from a “buy” rating to a “hold” rating in a research note on Tuesday, January 8th. Stephens reaffirmed a “hold” rating and set a $59.00 price target on shares of Texas Capital Bancshares in a research note on Wednesday, December 19th. Finally, Compass Point raised Texas Capital Bancshares to a “buy” rating and cut their price target for the stock from $103.00 to $84.00 in a research note on Thursday, November 15th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $90.93.

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

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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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Want to see what other hedge funds are holding TCBI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Texas Capital Bancshares Inc (NASDAQ:TCBI).

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

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