Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Traded Above Its 50 Day Moving Average


The stock last traded at $80.40 a tad above $75.53, the 50 day moving average and barely above the 200 day moving average of $77.98. The 50 day moving average went up by +6.45% and the 200 day average went up $2.42 or +3.10%. Texas Capital Bancshares, Inc. shares had a trading volume of 396K on Wednesday. Shares saw a steep decrease in trading volume of 9.54% under the normal average daily volume.

Investors are feeling more bearish on shares of Texas Capital Bancshares, Inc. of late if you watch the rise in short interest. The company had a rise in short interest from August 15, 2017 to August 31, 2017 of 15.82%. Short interest grew 554,161 over that timeframe. Days to cover increased 3.0 to 12.0 and the percentage of shorted shares was 0.08% on August 31.

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) has been the object of insider buying activity recently. President and CEO C. Keith Cargill disclosed the purchase of 3,000 shares of (TCBI). The shares were bought on August 11th for an average price of $74.15. Cargill now owns $5,953,207 of the stock per the Form 4 SEC filing. Jonathan Baliff, Director disclosed the purchase of 25 shares. The shares were purchased at an average price of $81.55. The Director now owns $97,452 of the stock according to the SEC filing.

These firms have modified their investment in TCBI. As of the end of the quarter Spindletop Capital, LLC had acquired a total of 19,521 shares growing its stake by 8.3%. The value of the investment in (TCBI) went from $19,611,000 to $19,700,000 a change of $89,000 quarter over quarter. Aristotle Capital Boston, LLC expanded its investment by buying 806 shares an increase of 2.5% from 03/31/2017 to 06/30/2017. Aristotle Capital Boston, LLC now controls 32,854 shares with a value of $2,543,000. The total value of its holdings decreased 4.9%.

As of quarter end Northwestern Mutual Investment Management Company, LLC had sold 38 shares trimming its holdings by 0.4%. The value in dollars decreased from $715,000 to $660,000 a change of 7.7% quarter to quarter. Pacer Advisors, Inc. grew its stake by buying 350 shares an increase of 6.2% in the quarter. Pacer Advisors, Inc. now holds 6,011 shares valued at $465,000. The value of the position overall is down by 1.5%.

The company’s P/E ratio is 22.31 and market capitalization is 3.99B. In the last earnings report the EPS was $3.60 and is estimated to be $4.01 for the current year with 49,600,000 shares presently outstanding. Next quarter’s EPS is forecasted at $1.11 with next year’s EPS anticipated to be $4.96.

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..