Texas Capital Bancshares Inc (TCBI) : Lockheed Martin Investment Management Co added new position in Texas Capital Bancshares Inc during the most recent quarter end. The investment management firm now holds 90,200 shares of Texas Capital Bancshares Inc which is valued at $4,431,526 , the company said in a statement filed on Aug 10, 2016 with the SEC.Texas Capital Bancshares Inc makes up approximately 0.42% of Lockheed Martin Investment Management Co’s portfolio.
Other Hedge Funds, Including , First Mercantile Trust Co reduced its stake in TCBI by selling 930 shares or 6.51% in the most recent quarter. The Hedge Fund company now holds 13,353 shares of TCBI which is valued at $656,033. Texas Capital Bancshares Inc makes up approx 0.08% of First Mercantile Trust Co’s portfolio. Quantitative Investment Management sold out all of its stake in TCBI during the most recent quarter. The investment firm sold 12,800 shares of TCBI which is valued $602,240.First Dallas Securities boosted its stake in TCBI in the latest quarter, The investment management firm added 2,200 additional shares and now holds a total of 11,525 shares of Texas Capital Bancshares Inc which is valued at $574,406. Texas Capital Bancshares Inc makes up approx 0.43% of First Dallas Securities’s portfolio.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.Fisher Asset Management reduced its stake in TCBI by selling 203 shares or 0.03% in the most recent quarter. The Hedge Fund company now holds 710,212 shares of TCBI which is valued at $34,786,184. Texas Capital Bancshares Inc makes up approx 0.07% of Fisher Asset Management’s portfolio.
Texas Capital Bancshares Inc closed down -0.47 points or -0.92% at $50.7 with 2,69,951 shares getting traded on Friday. Post opening the session at $50.85, the shares hit an intraday low of $50.55 and an intraday high of $51.02 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
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.