Natixis Takes $7.34 Million Position in Texas Capital Bancshares Inc (NASDAQ:TCBI)

Natixis purchased a new stake in Texas Capital Bancshares Inc (NASDAQ:TCBI) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 119,608 shares of the bank’s stock, valued at approximately $7,340,000. Natixis owned 0.24% of Texas Capital Bancshares as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of TCBI. Savant Capital LLC acquired a new position in shares of Texas Capital Bancshares in the 2nd quarter valued at $63,000. Tower Research Capital LLC TRC lifted its stake in shares of Texas Capital Bancshares by 1,637.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,251 shares of the bank’s stock valued at $76,000 after purchasing an additional 1,179 shares during the period. Acadian Asset Management LLC acquired a new position in shares of Texas Capital Bancshares in the 2nd quarter valued at $87,000. Kavar Capital Partners LLC acquired a new position in shares of Texas Capital Bancshares in the 2nd quarter valued at $123,000. Finally, Point72 Asset Management L.P. acquired a new position in shares of Texas Capital Bancshares in the 2nd quarter valued at $210,000. 95.37% of the stock is currently owned by institutional investors.

A number of research analysts have recently weighed in on TCBI shares. SunTrust Banks downgraded Texas Capital Bancshares from a “buy” rating to a “hold” rating and cut their price target for the company from $72.00 to $63.00 in a research note on Thursday, July 18th. Raymond James cut shares of Texas Capital Bancshares from an “outperform” rating to a “market perform” rating in a research report on Thursday, August 29th. BidaskClub upgraded shares of Texas Capital Bancshares from a “strong sell” rating to a “sell” rating in a research report on Thursday, September 12th. ValuEngine upgraded shares of Texas Capital Bancshares from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, Piper Jaffray Companies cut shares of Texas Capital Bancshares from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $71.50 to $64.50 in a research report on Friday, June 7th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $64.70.

Shares of TCBI traded down $0.48 during trading hours on Friday, reaching $51.84. The stock had a trading volume of 10,965 shares, compared to its average volume of 647,819. The firm has a 50-day moving average of $54.57 and a 200 day moving average of $58.52. The company has a market cap of $2.66 billion, a P/E ratio of 8.97, a P/E/G ratio of 1.11 and a beta of 1.88. The company has a quick ratio of 1.21, a current ratio of 1.26 and a debt-to-equity ratio of 1.39. Texas Capital Bancshares Inc has a 52 week low of $47.86 and a 52 week high of $84.34.

Texas Capital Bancshares (NASDAQ:TCBI) last released its earnings results on Wednesday, July 17th. The bank reported $1.50 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.53 by ($0.03). The firm had revenue of $267.92 million for the quarter, compared to the consensus estimate of $267.15 million. Texas Capital Bancshares had a return on equity of 13.29% and a net margin of 22.88%. During the same quarter last year, the company posted $1.38 EPS. As a group, equities analysts expect that Texas Capital Bancshares Inc will post 5.94 earnings per share for the current year.

Texas Capital Bancshares Company 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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