Daruma Capital Management Lowers stake in Texas Capital Bancshares Inc (TCBI)

Texas Capital Bancshares Inc (TCBI) : Daruma Capital Management reduced its stake in Texas Capital Bancshares Inc by 3.56% during the most recent quarter end. The investment management company now holds a total of 1,056,455 shares of Texas Capital Bancshares Inc which is valued at $72,895,395 after selling 39,017 shares in Texas Capital Bancshares Inc , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Texas Capital Bancshares Inc makes up approximately 4.24% of Daruma Capital Management’s portfolio.

Other Hedge Funds, Including , D.a. Davidson boosted its stake in TCBI in the latest quarter, The investment management firm added 402 additional shares and now holds a total of 2,230 shares of Texas Capital Bancshares Inc which is valued at $153,870.Proshare Advisors reduced its stake in TCBI by selling 1,657 shares or 11.69% in the most recent quarter. The Hedge Fund company now holds 12,515 shares of TCBI which is valued at $835,376. Texas Capital Bancshares Inc makes up approx 0.01% of Proshare Advisors’s portfolio.New York State Common Retirement Fund boosted its stake in TCBI in the latest quarter, The investment management firm added 3,084 additional shares and now holds a total of 190,734 shares of Texas Capital Bancshares Inc which is valued at $11,262,843. Texas Capital Bancshares Inc makes up approx 0.02% of New York State Common Retirement Fund’s portfolio.Blackrock Institutional Trust Company N.a. boosted its stake in TCBI in the latest quarter, The investment management firm added 37,611 additional shares and now holds a total of 1,195,056 shares of Texas Capital Bancshares Inc which is valued at $70,568,057. Texas Capital Bancshares Inc makes up approx 0.01% of Blackrock Institutional Trust Company N.a.’s portfolio.1st Global Advisors boosted its stake in TCBI in the latest quarter, The investment management firm added 1,245 additional shares and now holds a total of 7,248 shares of Texas Capital Bancshares Inc which is valued at $415,673. Texas Capital Bancshares Inc makes up approx 0.06% of 1st Global Advisors’s portfolio.

Texas Capital Bancshares Inc opened for trading at $71.7 and hit $73.1 on the upside on Monday, eventually ending the session at $72.55, with a gain of 1.04% or 0.75 points. The heightened volatility saw the trading volume jump to 3,79,854 shares. Company has a market cap of $3,338 M.

On the company’s financial health, Texas Capital Bancshares Inc reported $0.87 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Oct 20, 2016. Analyst had a consensus of $0.85.Analysts expectations of $ 176.71.During the same quarter in the previous year, the company posted $0.75 EPS.

Many Wall Street Analysts have commented on Texas Capital Bancshares Inc. Texas Capital Bancshares Inc was Upgraded by Raymond James to ” Strong Buy” on Nov 3, 2016. Wedbush Initiated Texas Capital Bancshares Inc on Oct 7, 2016 to “Neutral”, Price Target of the shares are set at $54.

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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