Texas Capital Bancshares, Inc. $TCBI Stock Sold by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al reduced its stake in Texas Capital Bancshares, Inc. (TXSE:TCBI) by 36.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,300 shares of the bank’s stock after selling 6,000 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Texas Capital Bancshares were worth $958,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in TCBI. Root Financial Partners LLC bought a new stake in Texas Capital Bancshares in the third quarter worth about $26,000. Ameritas Advisory Services LLC purchased a new stake in Texas Capital Bancshares in the second quarter worth $34,000. FNY Investment Advisers LLC bought a new stake in shares of Texas Capital Bancshares in the second quarter valued at $51,000. Farther Finance Advisors LLC lifted its position in shares of Texas Capital Bancshares by 29.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 583 shares of the bank’s stock valued at $54,000 after buying an additional 134 shares during the last quarter. Finally, Westpac Banking Corp purchased a new stake in Texas Capital Bancshares in the 1st quarter worth about $58,000. Institutional investors own 96.88% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on TCBI shares. TD Cowen raised their price objective on shares of Texas Capital Bancshares from $100.00 to $104.00 and gave the company a “hold” rating in a research report on Friday, October 23rd. Citigroup reaffirmed a “neutral” rating on shares of Texas Capital Bancshares in a research report on Tuesday, October 27th. Raymond James Financial reduced their target price on Texas Capital Bancshares from $115.00 to $108.00 and set an “outperform” rating for the company in a report on Tuesday, October 6th. Weiss Ratings reissued a “buy (b)” rating on shares of Texas Capital Bancshares in a report on Friday, October 2nd. Finally, Stephens cut their price target on Texas Capital Bancshares from $116.00 to $112.00 and set an “overweight” rating for the company in a research note on Thursday, July 23rd. Three analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Texas Capital Bancshares currently has a consensus rating of “Hold” and a consensus price target of $106.00.

Texas Capital Bancshares Stock Performance

Shares of TCBI opened at $103.09 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.15. The firm has a market cap of $4.37 billion, a PE ratio of 13.23, a P/E/G ratio of 1.03 and a beta of 0.63. The stock has a fifty day moving average price of $96.21 and a 200-day moving average price of $98.82. Texas Capital Bancshares, Inc. has a 12 month low of $82.14 and a 12 month high of $108.92.

Texas Capital Bancshares (TXSE:TCBI) last announced its quarterly earnings data on Wednesday, October 21st. The bank reported $2.35 earnings per share for the quarter, beating analysts’ consensus estimates of $1.96 by $0.39. Texas Capital Bancshares had a return on equity of 11.04% and a net margin of 17.74%. The business had revenue of $356.60 million for the quarter, compared to analyst estimates of $339.89 million. Equities research analysts predict that Texas Capital Bancshares, Inc. will post 7.72 earnings per share for the current fiscal year.

Texas Capital Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Tuesday, December 1st will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.8%. Texas Capital Bancshares’s dividend payout ratio is presently 10.27%.

Texas Capital Bancshares Company Profile

Texas Capital Bancshares, Inc is the parent company of Texas Capital Bank, a full-service financial institution headquartered in Dallas, Texas. The bank primarily serves commercial and middle-market businesses, entrepreneurs, professionals, high-net-worth individuals and institutions.

Texas Capital Bank offers commercial and private banking services, including business and personal deposit accounts, commercial and real estate lending, treasury management, wealth management and related financial solutions.