Texas Capital Bancshares Inc (TCBI) : Hutchin Hill Capital Lp added new position in Texas Capital Bancshares Inc during the most recent quarter end. The investment management firm now holds 274,786 shares of Texas Capital Bancshares Inc which is valued at $13,500,236 , the company said in a statement filed on Aug 15, 2016 with the SEC.Texas Capital Bancshares Inc makes up approximately 0.85% of Hutchin Hill Capital Lp’s portfolio.
Other Hedge Funds, Including , Bluemar Capital Management reduced its stake in TCBI by selling 33,194 shares or 33.63% in the most recent quarter. The Hedge Fund company now holds 65,506 shares of TCBI which is valued at $3,218,310. Texas Capital Bancshares Inc makes up approx 1.48% of Bluemar Capital Management’s portfolio. Quadrature Capital Ltd added TCBI to its portfolio by purchasing 17,214 company shares during the most recent quarter which is valued at $845,724. Texas Capital Bancshares Inc makes up approx 0.06% of Quadrature Capital Ltd’s portfolio.Texas Permanent School Fund reduced its stake in TCBI by selling 1,595 shares or 4.35% in the most recent quarter. The Hedge Fund company now holds 35,100 shares of TCBI which is valued at $1,724,463. Texas Capital Bancshares Inc makes up approx 0.02% of Texas Permanent School Fund’s portfolio. Gsa Capital Partners Llp added TCBI to its portfolio by purchasing 4,388 company shares during the most recent quarter which is valued at $219,751. Texas Capital Bancshares Inc makes up approx 0.01% of Gsa Capital Partners Llp’s portfolio.
Texas Capital Bancshares Inc opened for trading at $51.73 and hit $52.78 on the upside on Wednesday, eventually ending the session at $52.53, with a gain of 1.06% or 0.55 points. The heightened volatility saw the trading volume jump to 310,375 shares. Company has a market cap of $2,414 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.