Pacer Advisors Inc. acquired a new position in shares of Texas Capital Bancshares Inc (NASDAQ:TCBI) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 19,991 shares of the bank’s stock, valued at approximately $1,227,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of TCBI. Manchester Capital Management LLC acquired a new stake in shares of Texas Capital Bancshares during the first quarter worth $34,000. Savant Capital LLC acquired a new stake in shares of Texas Capital Bancshares during the second quarter worth $63,000. Acadian Asset Management LLC acquired a new stake in shares of Texas Capital Bancshares during the second quarter worth $87,000. Kavar Capital Partners LLC acquired a new stake in shares of Texas Capital Bancshares during the second quarter worth $123,000. Finally, Bbva USA Bancshares Inc. acquired a new stake in shares of Texas Capital Bancshares during the second quarter worth $258,000. Institutional investors own 95.39% of the company’s stock.

NASDAQ:TCBI traded up $1.17 during trading hours on Friday, reaching $57.57. The company had a trading volume of 14,177 shares, compared to its average volume of 551,214. The company has a quick ratio of 1.21, a current ratio of 1.26 and a debt-to-equity ratio of 1.39. The firm has a market cap of $2.79 billion, a price-to-earnings ratio of 9.84, a P/E/G ratio of 0.90 and a beta of 1.84. The business’s 50-day simple moving average is $55.89 and its two-hundred day simple moving average is $59.03. Texas Capital Bancshares Inc has a twelve month low of $47.86 and a twelve month high of $89.85.

Texas Capital Bancshares (NASDAQ:TCBI) last posted its quarterly earnings results on Wednesday, July 17th. The bank reported $1.50 EPS for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.03). The company had revenue of $267.92 million during the quarter, compared to analyst estimates of $267.15 million. Texas Capital Bancshares had a return on equity of 13.29% and a net margin of 22.88%. During the same quarter in the previous year, the business posted $1.38 earnings per share. As a group, equities analysts predict that Texas Capital Bancshares Inc will post 5.96 earnings per share for the current year.

Several equities research analysts have recently weighed in on the stock. ValuEngine upgraded shares of Texas Capital Bancshares from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. Zacks Investment Research cut shares of Texas Capital Bancshares from a “buy” rating to a “hold” rating and set a $62.00 price objective for the company. in a research report on Tuesday, June 11th. Sanford C. Bernstein upgraded shares of Texas Capital Bancshares from a “market perform” rating to an “outperform” rating in a research report on Tuesday, May 28th. Raymond James cut shares of Texas Capital Bancshares from an “outperform” rating to a “market perform” rating in a research report on Thursday, August 29th. Finally, BidaskClub upgraded shares of Texas Capital Bancshares from a “strong sell” rating to a “sell” rating in a research report on Thursday. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the stock. Texas Capital Bancshares has a consensus rating of “Hold” and a consensus price target of $64.90.

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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