Texas Capital Bncsh shares had a trading volume of 699K in the last trading session. Overall, volume was up 94.96% over the stocks normal daily volume.
Traders are a little more bullish on shares of the company if you consider the downtick in short interest. The firm realized a fall in short interest from September 29, 2017 to October 13, 2017 of -9.69%. Short shares decreased from 4,021,999 to 3,632,137 over that timeframe. With short interest at 3,632,137 and short average daily volume at 339,612, the short-interest ratio is 11.0 and the percentage of shorted shares is 0.07% as of October 13.
A few notable investment firms have updated their holdings. As of quarter end Alliancebernstein L.P. had bought 5,838 shares growing its holdings by 0.4%. The value of the investment in (TCBI) went from $106,037,000 to $118,046,000 increasing 11.3% since the last quarter. Commonwealth Of Pennsylvania Public School Empls Retrmt SYS grew its investment by buying 2 shares an increase of 0.0% as of 09/30/2017. Commonwealth Of Pennsylvania Public School Empls Retrmt SYS now controls 7,236 shares valued at $621,000. The total value of its holdings increased 10.9%.
As of the end of the quarter Eagle Boston Investment Management Inc had disposed of a total of 18 shares trimming its stake by 0.0%. The value of the total investment in Texas Capital Bncsh increased from $3,209,000 to $3,602,000 a change of $393,000 quarter to quarter. As of the end of the quarter Raymond James & Associates had acquired a total of 9,765 shares growing its position 19.5%. The value of the company’s investment in Texas Capital Bncsh increased from $3,882,000 to $5,141,000 a change of 32.4% quarter over quarter.
Equity analyst Deutsche Bank AG raised the price target of the stock on November 8 changing the price objective from $93.00 to $95.00 with a “Hold” recommendation. Barclays PLC updated its forecast on TCBI with a rating of “Hold” and establishing a price target of $87.00.
October 20 investment analysts at Royal Bank Of Canada maintained a “Buy” rating on the company. October 19 investment analysts at DA Davidson made no change to the company rating of “Neutral” projecting a price of $90.00.
On October 19 SunTrust Banks held the stock rating at “Buy” targeting a price of $95.00. On October 19 Bank of America Corporation left the company rating at “Buy” with a current price target of $100.00.
The company is now up from yesterday’s close of 81.1. The P/E ratio is 21.13 and market cap is 4.03B. In the last earnings report the EPS was $3.85 with 49.63M shares now outstanding.
Texas Capital Bancshares, Inc., launched on November 20, 1996, is a bank holding and a financial holding company. The Company is the parent of Texas Capital Bank, National Association (the Bank). The Company offers a range of loan, deposit account and other financial products and services to its customers. The Company 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; real estate term and construction loans; mortgage finance lending; mortgage correspondent aggregation; equipment leasing; medium- and long-term tax-exempt loans for municipalities and other governmental and tax-exempt entities; treasury management services; wealth management and trust services, and letters of credit. The Company also provides banking services for its individual customers, including personal wealth management and trust services; certificates of deposit; interest-bearing and non-interest-bearing checking accounts with optional features, such as Visa debit/automated teller machine (ATM) cards and overdraft protection; traditional money market and savings accounts; loans, both secured and unsecured, and Internet banking..