Texas Capital Bancshares Inc (TCBI) Holdings Decreased by New Mexico Educational Retirement Board

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New Mexico Educational Retirement Board lowered its holdings in Texas Capital Bancshares Inc (NASDAQ:TCBI) by 12.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,100 shares of the bank’s stock after selling 1,500 shares during the period. New Mexico Educational Retirement Board’s holdings in Texas Capital Bancshares were worth $516,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Retirement Systems of Alabama raised its holdings in shares of Texas Capital Bancshares by 0.4% in the 4th quarter. Retirement Systems of Alabama now owns 65,065 shares of the bank’s stock valued at $3,324,000 after acquiring an additional 243 shares in the last quarter. Legal & General Group Plc raised its holdings in shares of Texas Capital Bancshares by 0.5% in the 3rd quarter. Legal & General Group Plc now owns 60,593 shares of the bank’s stock valued at $5,008,000 after acquiring an additional 299 shares in the last quarter. Arizona State Retirement System raised its holdings in shares of Texas Capital Bancshares by 1.1% in the 4th quarter. Arizona State Retirement System now owns 36,018 shares of the bank’s stock valued at $1,840,000 after acquiring an additional 403 shares in the last quarter. Oakbrook Investments LLC raised its holdings in shares of Texas Capital Bancshares by 9.3% in the 4th quarter. Oakbrook Investments LLC now owns 5,850 shares of the bank’s stock valued at $299,000 after acquiring an additional 500 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its holdings in shares of Texas Capital Bancshares by 2.6% in the 4th quarter. Nisa Investment Advisors LLC now owns 23,500 shares of the bank’s stock valued at $1,201,000 after acquiring an additional 600 shares in the last quarter.

Several analysts have weighed in on the company. ValuEngine cut Texas Capital Bancshares from a “sell” rating to a “strong sell” rating in a report on Thursday, October 18th. TheStreet cut Texas Capital Bancshares from a “b-” rating to a “c+” rating in a report on Tuesday, November 20th. Raymond James lowered their price target on Texas Capital Bancshares from $105.00 to $90.00 and set an “outperform” rating on the stock in a report on Thursday, October 18th. Wedbush lowered their price target on Texas Capital Bancshares from $93.00 to $84.00 and set an “outperform” rating on the stock in a report on Thursday, December 6th. Finally, Barclays raised Texas Capital Bancshares from an “equal weight” rating to an “overweight” rating and set a $70.00 price target on the stock in a report on Thursday, January 10th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $90.93.

Shares of NASDAQ TCBI opened at $57.92 on Friday. The stock has a market cap of $3.00 billion, a P/E ratio of 10.00, a PEG ratio of 0.91 and a beta of 1.78. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.23 and a current ratio of 1.32. Texas Capital Bancshares Inc has a 1-year low of $47.86 and a 1-year high of $103.05.

Texas Capital Bancshares (NASDAQ:TCBI) last announced its quarterly earnings data on Wednesday, January 23rd. The bank reported $1.38 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.59 by ($0.21). The firm had revenue of $255.95 million for the quarter, compared to analysts’ expectations of $253.17 million. Texas Capital Bancshares had a net margin of 24.02% and a return on equity of 13.35%. During the same period in the prior year, the business posted $1.19 earnings per share. As a group, equities analysts expect that Texas Capital Bancshares Inc will post 6.36 earnings per share for the current year.

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Texas Capital Bancshares Company Profile

Texas Capital Bancshares, Inc operates as the bank holding company for Texas Capital Bank, National Association that provides various banking products and services for commercial businesses, and professionals and entrepreneurs. It offers business deposit products and services, including commercial checking accounts, lockbox accounts, and cash concentration accounts, as well as other treasury management services, including information services, wire transfer initiation, ACH initiation, account transfer, and service integration; and consumer deposit products, such as checking accounts, savings accounts, money market accounts, and certificates of deposit.

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Institutional Ownership by Quarter for Texas Capital Bancshares (NASDAQ:TCBI)

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