Sei Investments Co. increased its position in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 25.3% during the second quarter, Holdings Channel reports. The firm owned 123,184 shares of the bank’s stock after buying an additional 24,872 shares during the period. Sei Investments Co.’s holdings in Texas Capital Bancshares were worth $9,534,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Texas Permanent School Fund raised its stake in shares of Texas Capital Bancshares by 0.9% in the second quarter. Texas Permanent School Fund now owns 36,188 shares of the bank’s stock worth $2,801,000 after buying an additional 336 shares during the period. World Asset Management Inc raised its stake in shares of Texas Capital Bancshares by 2.1% in the second quarter. World Asset Management Inc now owns 3,134 shares of the bank’s stock worth $243,000 after buying an additional 64 shares during the period. Investment Counselors of Maryland LLC raised its stake in shares of Texas Capital Bancshares by 43.9% in the second quarter. Investment Counselors of Maryland LLC now owns 260,847 shares of the bank’s stock worth $20,190,000 after buying an additional 79,570 shares during the period. Rothschild Asset Management Inc. raised its stake in shares of Texas Capital Bancshares by 4.8% in the second quarter. Rothschild Asset Management Inc. now owns 474,693 shares of the bank’s stock worth $36,741,000 after buying an additional 21,639 shares during the period. Finally, Great West Life Assurance Co. Can raised its stake in shares of Texas Capital Bancshares by 2.1% in the second quarter. Great West Life Assurance Co. Can now owns 29,749 shares of the bank’s stock worth $2,301,000 after buying an additional 618 shares during the period.

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) opened at 74.70 on Friday. The stock’s 50 day moving average is $78.15 and its 200 day moving average is $80.23. The firm has a market cap of $3.71 billion, a P/E ratio of 20.73 and a beta of 1.67. Texas Capital Bancshares, Inc. has a one year low of $48.01 and a one year high of $93.35.

Texas Capital Bancshares (NASDAQ:TCBI) last announced its quarterly earnings results on Wednesday, July 19th. The bank reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.03. Texas Capital Bancshares had a return on equity of 10.01% and a net margin of 21.84%. The firm had revenue of $201.73 million for the quarter, compared to analysts’ expectations of $197.10 million. During the same period in the prior year, the business posted $0.78 earnings per share. On average, equities research analysts expect that Texas Capital Bancshares, Inc. will post $4.01 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: “Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Shares Bought by Sei Investments Co.” was published by TheOlympiaReport and is the property of of TheOlympiaReport. If you are reading this piece on another website, it was illegally stolen and republished in violation of United States & international copyright & trademark legislation. The legal version of this piece can be accessed at https://theolympiareport.com/2017/08/12/texas-capital-bancshares-inc-nasdaqtcbi-shares-bought-by-sei-investments-co.html.

A number of equities analysts have commented on TCBI shares. ValuEngine raised shares of Texas Capital Bancshares from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Hovde Group lifted their price objective on shares of Texas Capital Bancshares from $85.00 to $86.00 and gave the stock a “market perform” rating in a report on Tuesday, August 1st. Zacks Investment Research downgraded shares of Texas Capital Bancshares from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Stephens reaffirmed a “hold” rating and issued a $84.00 price objective on shares of Texas Capital Bancshares in a report on Thursday, July 20th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $104.00 price objective on shares of Texas Capital Bancshares in a report on Friday, July 14th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $86.15.

In other Texas Capital Bancshares news, CFO Peter B. Bartholow sold 4,000 shares of the company’s stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $74.52, for a total value of $298,080.00. Following the sale, the chief financial officer now directly owns 37,671 shares in the company, valued at $2,807,242.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider C Keith Cargill purchased 3,000 shares of the stock in a transaction on Friday, August 11th. The stock was bought at an average price of $74.15 per share, for a total transaction of $222,450.00. Following the completion of the transaction, the insider now directly owns 80,286 shares of the company’s stock, valued at $5,953,206.90. The disclosure for this purchase can be found here. Corporate insiders own 0.47% of the company’s stock.

Texas Capital Bancshares Company Profile

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). It offers a range of loan, deposit account and other financial products and services to its customers. It offers a range of products and services for its business customers, including commercial loans for general corporate purposes, including financing for working capital, internal growth, acquisitions and financing for business insurance premiums; medium- and long-term tax-exempt loans for municipalities and other governmental and tax-exempt entities; wealth management and trust services, and letters of credit.

Want to see what other hedge funds are holding TCBI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Texas Capital Bancshares, Inc. (NASDAQ:TCBI).

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

Receive News & Ratings for Texas Capital Bancshares Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Texas Capital Bancshares Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.