Public Employees Retirement System of Ohio Makes New Investment in Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Public Employees Retirement System of Ohio bought a new position in Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 35,996 shares of the bank's stock, valued at approximately $2,815,000. Public Employees Retirement System of Ohio owned 0.08% of Texas Capital Bancshares as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Picton Mahoney Asset Management bought a new stake in Texas Capital Bancshares in the fourth quarter worth $30,000. Assetmark Inc. purchased a new stake in shares of Texas Capital Bancshares in the fourth quarter valued at $32,000. Venturi Wealth Management LLC bought a new stake in shares of Texas Capital Bancshares in the 4th quarter worth about $37,000. R Squared Ltd bought a new stake in shares of Texas Capital Bancshares in the 4th quarter worth about $41,000. Finally, Aster Capital Management DIFC Ltd purchased a new position in shares of Texas Capital Bancshares during the 4th quarter worth about $115,000. Institutional investors own 96.88% of the company's stock.

Texas Capital Bancshares Stock Up 1.6%

Shares of NASDAQ:TCBI traded up $1.16 during trading hours on Tuesday, hitting $72.63. The company's stock had a trading volume of 115,513 shares, compared to its average volume of 450,150. The firm's fifty day moving average price is $69.68 and its 200 day moving average price is $76.42. Texas Capital Bancshares, Inc. has a 52 week low of $56.24 and a 52 week high of $91.80. The company has a market capitalization of $3.33 billion, a price-to-earnings ratio of 56.74, a P/E/G ratio of 0.75 and a beta of 0.62. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.00 and a quick ratio of 1.00.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The bank reported $0.92 EPS for the quarter, missing analysts' consensus estimates of $0.99 by ($0.07). The business had revenue of $280.48 million during the quarter, compared to the consensus estimate of $284.40 million. Texas Capital Bancshares had a return on equity of 9.14% and a net margin of 3.99%. As a group, research analysts expect that Texas Capital Bancshares, Inc. will post 5.84 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Keefe, Bruyette & Woods reduced their price objective on shares of Texas Capital Bancshares from $92.00 to $86.00 and set an "outperform" rating on the stock in a research report on Monday, April 21st. Jefferies Financial Group set a $80.00 price objective on Texas Capital Bancshares and gave the company a "hold" rating in a research report on Wednesday, May 21st. DA Davidson decreased their target price on Texas Capital Bancshares from $81.00 to $76.00 and set a "neutral" rating for the company in a research report on Monday, April 21st. Barclays lowered their target price on shares of Texas Capital Bancshares from $73.00 to $70.00 and set an "underweight" rating for the company in a research note on Tuesday, April 8th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Texas Capital Bancshares from $78.00 to $70.00 and set an "underweight" rating on the stock in a research note on Monday, April 21st. Three analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $78.00.

Insider Transactions at Texas Capital Bancshares

In other Texas Capital Bancshares news, Director Robert W. Stallings purchased 5,000 shares of Texas Capital Bancshares stock in a transaction dated Friday, April 25th. The shares were acquired at an average cost of $67.76 per share, with a total value of $338,800.00. Following the completion of the transaction, the director now owns 90,039 shares in the company, valued at approximately $6,101,042.64. This trade represents a 5.88% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last three months, insiders purchased 12,300 shares of company stock valued at $707,805. Corporate insiders own 1.72% of the company's stock.

Texas Capital Bancshares Company Profile

Texas Capital Bancshares, Inc operates as the bank holding company for Texas Capital Bank, is a full-service financial services firm that delivers customized solutions to businesses, entrepreneurs, and individual customers. The company offers commercial banking; consumer banking; investment banking solutions, including capital markets, mergers and acquisitions, and syndicated finance, as well as financial sponsor coverage, capital solutions, and institutional services; and wealth management services, such as investment management, financial planning, lockbox and insurance, securities-based lending, estate planning, and business succession, as well as philanthropic, trustee and executor, custom credit, and depository services.