Economy

Texas Capital Bancshares, Inc. (NASDAQ:TCBIL) Experiences Lighter than Usual Trading Volume

Exane Derivatives acquired a new stake in shares of Texas Capital Bancshares during the 2nd quarter valued at $125,000. (DY) has risen 52.80% since October 6, 2016 and is uptrending. On average, equities research analysts expect that Texas Capital Bancshares will post $4.01 earnings per share for the current fiscal year.

Another recent and important Texas Capital Bancshares Inc (NASDAQ:TCBI) news was published by Globenewswire.com which published an article titled: "Texas Capital Bancshares, Inc". Trading was light with 7,400 shares changing hands in the last trading session. Td Asset Mgmt holds 0% in Texas Capital Bancshares Inc (NASDAQ:TCBI) or 20,620 shares. It has outperformed by 48.54% the S&P500. Texas Capital Bancshares has a 12-month low of $53.21 and a 12-month high of $93.35. (NASDAQ:TCBI), 7 have Buy rating, 0 Sell and 13 Hold. Therefore 35% are positive. Atlantic Capital had 8 analyst reports since December 8, 2015 according to SRatingsIntel. They now have a Dollars 16.3 price target on the stock. The company was maintained on Tuesday, October 3 by SunTrust. FBR Capital initiated the stock with "Market Perform" rating in Wednesday, May 18 report. The rating was maintained by Keefe Bruyette & Woods on Friday, September 22 with "Hold". Sandler O'Neill downgraded the shares of ACBI in report on Monday, January 30 to "Hold" rating. The company was upgraded on Thursday, November 3 by Raymond James. The rating was maintained by Barclays Capital with "Equal-Weight" on Friday, October 9.

Since June 2, 2017, it had 0 buys, and 1 insider sale for $298,080 activity.

Analysts await Atlantic Capital Bancshares Inc (NASDAQ:ACBI) to report earnings on October, 27. ACBI's profit will be $4.88 million for 24.21 P/E if the $0.19 EPS becomes a reality. The bank reported $0.17 EPS for the quarter, meeting the Thomson Reuters' consensus estimate of $0.17.

Investors sentiment increased to 1.13 in 2017 Q2. The 50 day moving average was down by -1.20% and the 200 day average moved down $-0.27.

Atlantic Capital Bancshares, Inc is the bank holding company for Atlantic Capital Bank (the Bank). US Bancorp DE now owns 4,032 shares of the bank's stock valued at $312,000 after purchasing an additional 211 shares in the last quarter. (NDAQ:TCBI) upped the target price from $0.00 to $90.00. Blackrock invested in 5.17 million shares. Advsr Ok holds 15,000 shares or 0.07% of its portfolio. Guggenheim Cap Limited stated it has 50,311 shares. The original version of this piece can be accessed at https://stocknewstimes.com/2017/10/06/texas-capital-bancshares-inc-tcbi-downgraded-by-zacks-investment-research.html. Legal & General Public Ltd Company invested in 0% or 51,281 shares. Guggenheim Cap Limited Company has invested 0% in Texas Capital Bancshares Inc (NASDAQ:TCBI). Btim reported 0.26% stake. Paloma Prtn holds 0.07% in CoreSite Realty Corp (NYSE:COR) or 58,715 shares. Wellington Group Llp reported 0.01% in Texas Capital Bancshares Inc (NASDAQ:TCBI). Its up 0.01, from 1.12 in 2017Q1. The value of the company's investment in Atlantic Capital Bancshares, In went from $11,000 to $6,000 decreasing 45.5% since the last quarter.

Among 17 analysts covering CIGNA (NYSE:CI), 15 have Buy rating, 0 Sell and 2 Hold. The rating was upgraded by Sterne Agee CRT to "Buy" on Monday, July 27. The company was initiated on Thursday, February 2 by JMP Securities.

Atlantic Capital Bancshares, In now has a P/E ratio of 37.52 and the market cap is 482.43M.

According to Zacks, "Shares of Texas Capital have outperformed the industry so far this year". The company had revenue of $26.00 million during the quarter, compared to the consensus estimate of $25.10 million. The firm earned "Hold" rating on Wednesday, August 23 by Jefferies. It also reduced its holding in Innophos Holdings Inc (NASDAQ:IPHS) by 72,245 shares in the quarter, leaving it with 292,663 shares, and cut its stake in Malibu Boats Inc (NASDAQ:MBUU). Citigroup Inc Com New (NYSE:C) was raised too.

Investors sentiment increased to 1.13 in 2017 Q2. Its the same as in 2017Q1.

Several institutional investors have recently bought and sold shares of the stock. Penn Capital Management has 259,115 shares. Legg Mason Asset Management (Japan) Limited owns 6,400 shares. Peak6 Investments Ltd Partnership invested 0% of its portfolio in CoreSite Realty Corp (NYSE:COR). Daruma Cap Mngmt Ltd owns 613,293 shares or 2.83% of their U.S. portfolio. Numeric Invsts Ltd Liability Corp reported 0.29% in CoreSite Realty Corp (NYSE:COR). Piedmont Inv Advisors Ltd owns 7,393 shares. Boston Private Wealth Lc stated it has 10,102 shares or 0.04% of all its holdings. Conning Inc holds 8,783 shares or 0.05% of its portfolio. Pinnacle Financial Partners has invested 0.05% in CoreSite Realty Corp (NYSE:COR). Retirement Of Alabama owns 63,896 shares. About 86,614 shares traded. Mirae Asset Invs Ltd holds 0.06% or 20,916 shares.



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