Channing Capital Management buys $42,603,963 stake in Texas Capital Bancshares Inc (TCBI)

Texas Capital Bancshares Inc (TCBI) : Channing Capital Management scooped up 455,292 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 Aug 1, 2016. The investment management firm now holds a total of 905,504 shares of Texas Capital Bancshares Inc which is valued at $42,603,963.Texas Capital Bancshares Inc makes up approximately 1.71% of Channing Capital Management’s portfolio.

Other Hedge Funds, Including , California State Teachers Retirement System reduced its stake in TCBI by selling 365 shares or 0.38% in the most recent quarter. The Hedge Fund company now holds 96,873 shares of TCBI which is valued at $4,557,875. Texas Capital Bancshares Inc makes up approx 0.01% of California State Teachers Retirement System’s portfolio.Msi Financial Services Inc boosted its stake in TCBI in the latest quarter, The investment management firm added 112 additional shares and now holds a total of 150 shares of Texas Capital Bancshares Inc which is valued at $7,476.Ls Investment Advisors boosted its stake in TCBI in the latest quarter, The investment management firm added 49 additional shares and now holds a total of 1,645 shares of Texas Capital Bancshares Inc which is valued at $80,918. Texas Capital Bancshares Inc makes up approx 0.01% of Ls Investment Advisors’s portfolio.1st Global Advisors boosted its stake in TCBI in the latest quarter, The investment management firm added 96 additional shares and now holds a total of 6,003 shares of Texas Capital Bancshares Inc which is valued at $295,288. Texas Capital Bancshares Inc makes up approx 0.04% of 1st Global Advisors’s portfolio.

Texas Capital Bancshares Inc opened for trading at $46.91 and hit $48.05 on the upside on Thursday, eventually ending the session at $47.84, with a gain of 1.68% or 0.79 points. The heightened volatility saw the trading volume jump to 5,13,485 shares. Company has a market cap of $2,199 M.

On the company’s financial health, Texas Capital Bancshares Inc reported $0.78 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jul 20, 2016. Analyst had a consensus of $0.76.Analysts expectations of $ 166.81.During the same quarter in the previous year, the company posted $0.76 EPS.

Many Wall Street Analysts have commented on Texas Capital Bancshares Inc. Texas Capital Bancshares Inc was Downgraded by Raymond James to ” Outperform” on Jul 21, 2016. Compass Point Initiated Texas Capital Bancshares Inc on Jul 1, 2016 to “Buy”, Price Target of the shares are set at $54.Texas Capital Bancshares Inc was Downgraded by BofA/Merrill to ” Neutral” on Jun 29, 2016.

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.

Leave a Reply

Texas Capital Bancshares Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Texas Capital Bancshares Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.