Channing Capital Management Llc Decreased Texas Capital Bancshares Inc (NASDAQ:TCBI) Stake By $11.78 Million

April 24, 2018 - By Stephen Andrade

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) LogoInvestors sentiment decreased to 1 in Q4 2017. Its down 0.18, from 1.18 in 2017Q3. It is negative, as 19 investors sold TCBI shares while 90 reduced holdings. 35 funds opened positions while 74 raised stakes. 49.59 million shares or 1.84% more from 48.69 million shares in 2017Q3 were reported. American Gru accumulated 135,222 shares. Moreover, Principal Grp has 0.02% invested in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) for 210,087 shares. Penn Com invested in 1.34% or 215,966 shares. Zeke Capital Advsrs Ltd stated it has 2,563 shares or 0.02% of all its holdings. Parallax Volatility Advisers L P accumulated 12,957 shares. Louisiana State Employees Retirement Systems reported 12,600 shares. Weaver C Barksdale And Assoc reported 0.01% in Texas Capital Bancshares, Inc. (NASDAQ:TCBI). Manufacturers Life Communications The reported 118,211 shares. Comerica Bank & Trust holds 0.08% or 122,587 shares in its portfolio. Monarch Asset Management Limited Liability Co owns 0.62% invested in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) for 74,610 shares. Amp Cap Investors Limited holds 35,280 shares. Shine Investment Advisory Services Incorporated reported 0% stake. Suntrust Banks Inc holds 24,923 shares. Carlson Ltd Partnership holds 0.41% of its portfolio in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) for 272,915 shares. Oregon Pub Employees Retirement Fund holds 0.03% or 18,272 shares in its portfolio.

Since January 30, 2018, it had 2 insider buys, and 1 insider sale for $77,054 activity. 1,186 shares valued at $106,206 were sold by TURPIN IAN J on Friday, March 2. 21 Texas Capital Bancshares, Inc. (NASDAQ:TCBI) shares with value of $2,060 were bought by Huntley David S..

Channing Capital Management Llc decreased its stake in Texas Capital Bancshares Inc (NASDAQ:TCBI) by 17.25% based on its latest 2018Q1 regulatory filing with the SEC. Channing Capital Management Llc sold 132,330 shares as the company’s stock declined 5.34% with the market. The institutional investor held 634,850 shares of the finance company at the end of 2018Q1, valued at $57.07M, down from 767,180 at the end of the previous reported quarter. Channing Capital Management Llc who had been investing in Texas Capital Bancshares Inc for a number of months, seems to be less bullish one the $4.82 billion market cap company. The stock increased 0.05% or $0.05 during the last trading session, reaching $97.1. About 308,015 shares traded. Texas Capital Bancshares, Inc. (NASDAQ:TCBI) has risen 9.68% since April 24, 2017 and is uptrending. It has underperformed by 1.87% the S&P500.

Channing Capital Management Llc is a Illinois-based institutional investor with more than $1.58 billion AUM in April, 2014. Taken from Channing Capital Management latest Adv, the fund reported to have 11 full and part-time employees. Among which 5 performing investment advisory and research functions. The institutional investor had between 26-100 clients.

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Ratings Coverage

Among 15 analysts covering Texas Capital Bancshares (NASDAQ:TCBI), 7 have Buy rating, 1 Sell and 7 Hold. Therefore 47% are positive. Texas Capital Bancshares has $114.0 highest and $8200 lowest target. $101.58’s average target is 4.61% above currents $97.1 stock price. Texas Capital Bancshares had 27 analyst reports since November 8, 2017 according to SRatingsIntel. The firm has “Outperform” rating by Wedbush given on Thursday, December 21. The company was maintained on Monday, January 8 by SunTrust. SunTrust maintained Texas Capital Bancshares, Inc. (NASDAQ:TCBI) rating on Wednesday, April 18. SunTrust has “Buy” rating and $10000 target. Stephens maintained the stock with “Hold” rating in Thursday, April 19 report. The company was maintained on Thursday, January 25 by Hovde Group. Keefe Bruyette & Woods maintained Texas Capital Bancshares, Inc. (NASDAQ:TCBI) rating on Wednesday, January 24. Keefe Bruyette & Woods has “Hold” rating and $98.0 target. Deutsche Bank maintained Texas Capital Bancshares, Inc. (NASDAQ:TCBI) on Wednesday, November 8 with “Hold” rating. On Monday, January 8 the stock rating was maintained by Jefferies with “Buy”. Jefferies maintained Texas Capital Bancshares, Inc. (NASDAQ:TCBI) rating on Thursday, April 19. Jefferies has “Buy” rating and $10300 target. The company was maintained on Thursday, January 25 by Piper Jaffray.

Texas Capital Bancshares, Inc. operates as the bank holding firm for Texas Capital Bank, National Association that provides various banking services and products for commercial businesses, and professionals and entrepreneurs. The company has market cap of $4.82 billion. It offers business deposit services and products, 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. It has a 26.03 P/E ratio. The firm also provides commercial loans for general corporate purposes comprising financing for working capital, internal growth, and acquisitions, as well as financing for business insurance premiums; real estate term and construction loans; mortgage finance lending; mortgage correspondent aggregation; equipment leasing; and letters of credit.

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Institutional Positions Chart

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