Spindletop Capital buys $14.8 Million stake in Texas Capital Bancshares Inc (TCBI)

Texas Capital Bancshares Inc (TCBI) : Spindletop Capital scooped up 100,000 additional shares in Texas Capital Bancshares Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 350,000 shares of Texas Capital Bancshares Inc which is valued at $14.8 Million.Texas Capital Bancshares Inc makes up approximately 13.39% of Spindletop Capital’s portfolio.

Other Hedge Funds, Including , Geode Capital Management boosted its stake in TCBI in the latest quarter, The investment management firm added 34,218 additional shares and now holds a total of 327,991 shares of Texas Capital Bancshares Inc which is valued at $13.9 Million. Texas Capital Bancshares Inc makes up approx 0.01% of Geode Capital Management’s portfolio.Ls Investment Advisors boosted its stake in TCBI in the latest quarter, The investment management firm added 127 additional shares and now holds a total of 1,596 shares of Texas Capital Bancshares Inc which is valued at $67,399. Texas Capital Bancshares Inc makes up approx 0.01% of Ls Investment Advisors’s portfolio.Johnson Financial Group reduced its stake in TCBI by selling 150 shares or 32.89% in the most recent quarter. The Hedge Fund company now holds 306 shares of TCBI which is valued at $12,922.Bronfman E.l. Rothschild boosted its stake in TCBI in the latest quarter, The investment management firm added 60 additional shares and now holds a total of 68 shares of Texas Capital Bancshares Inc which is valued at $2,880.Tdam Usa boosted its stake in TCBI in the latest quarter, The investment management firm added 2,640 additional shares and now holds a total of 29,186 shares of Texas Capital Bancshares Inc which is valued at $1.2 Million. Texas Capital Bancshares Inc makes up approx 0.06% of Tdam Usa’s portfolio.

Texas Capital Bancshares Inc opened for trading at $49.8 and hit $51.2 on the upside on Wednesday, eventually ending the session at $50.59, with a gain of 2.80% or 1.38 points. The heightened volatility saw the trading volume jump to 6,06,872 shares. Company has a market cap of $2,322 M.

On the company’s financial health, Texas Capital Bancshares Inc reported $0.49 EPS for the quarter, missing the analyst consensus estimate by $ -0.18 based on the information available during the earnings call on Apr 20, 2016. Analyst had a consensus of $0.67.Analysts expectations of $ 158.47.During the same quarter in the previous year, the company posted $0.70 EPS.

Many Wall Street Analysts have commented on Texas Capital Bancshares Inc. Company shares were Upgraded by Hovde Group on May 11, 2016 to ” Market Perform”, Firm has raised the Price Target to $ 44 from a previous price target of $41 .Texas Capital Bancshares Inc was Upgraded by Raymond James to ” Strong Buy” on May 9, 2016. Company shares were Reiterated by Hovde Group on Apr 22, 2016 to “Underperform”, Firm has raised the Price Target to $ 41 from a previous price target of $36 .

Texas Capital Bancshares Inc. is a bank holding and a financial holding company. The Company is the parent of Texas Capital Bank National Association (the Bank). The Company offers loans deposit accounts and other financial products and services. It offers a range of products and services oriented to the needs of its business customers including 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 Company 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; traditional money market and savings accounts; loans and internet banking.

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