Texas Capital Bancshares, Inc. (TCBI) Reaches $98.60 High on Jan, 15; American Beacon Advisors Upped Exxon Mobil (XOM) Stake

January 15, 2018 - By Vivian Currie

The stock of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) reached all time high today, Jan, 15 and still has $105.50 target or 7.00% above today’s $98.60 share price. This indicates more upside for the $4.89B company. This technical setup was reported by Barchart.com. If the $105.50 PT is reached, the company will be worth $342.51M more. The stock increased 0.56% or $0.55 during the last trading session, reaching $98.6. About 347,652 shares traded. Texas Capital Bancshares, Inc. (NASDAQ:TCBI) has risen 65.24% since January 15, 2017 and is uptrending. It has outperformed by 48.54% the S&P500.

American Beacon Advisors Inc increased Exxon Mobil Corp (XOM) stake by 188.13% reported in 2017Q3 SEC filing. American Beacon Advisors Inc acquired 1,300 shares as Exxon Mobil Corp (XOM)’s stock rose 0.21%. The American Beacon Advisors Inc holds 1,991 shares with $163.22M value, up from 691 last quarter. Exxon Mobil Corp now has $370.83B valuation. The stock increased 0.68% or $0.59 during the last trading session, reaching $87.52. About 9.83 million shares traded. Exxon Mobil Corporation (NYSE:XOM) has declined 9.08% since January 15, 2017 and is downtrending. It has underperformed by 25.78% the S&P500.

Among 20 analysts covering Texas Capital Bancshares Inc. (NASDAQ:TCBI), 8 have Buy rating, 0 Sell and 12 Hold. Therefore 40% are positive. Texas Capital Bancshares Inc. had 64 analyst reports since July 24, 2015 according to SRatingsIntel. The firm has “Buy” rating by SunTrust given on Tuesday, October 3. The firm has “Buy” rating given on Friday, July 1 by Compass Point. The company was maintained on Wednesday, October 18 by Keefe Bruyette & Woods. Wedbush initiated the stock with “Neutral” rating in Friday, October 7 report. Compass Point downgraded Texas Capital Bancshares, Inc. (NASDAQ:TCBI) on Friday, November 18 to “Neutral” rating. Keefe Bruyette & Woods maintained the stock with “Hold” rating in Friday, September 22 report. The firm has “Hold” rating by Keefe Bruyette & Woods given on Monday, August 21. As per Thursday, January 21, the company rating was downgraded by Macquarie Research. Jefferies maintained it with “Buy” rating and $102.0 target in Thursday, December 7 report. Jefferies maintained Texas Capital Bancshares, Inc. (NASDAQ:TCBI) on Friday, September 15 with “Buy” rating.

Since October 20, 2017, it had 0 insider purchases, and 1 sale for $306,320 activity. 3,500 Texas Capital Bancshares, Inc. (NASDAQ:TCBI) shares with value of $306,320 were sold by BARTHOLOW PETER B.

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 $4.89 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 25.58 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.

Analysts await Texas Capital Bancshares, Inc. (NASDAQ:TCBI) to report earnings on January, 24. They expect $1.15 earnings per share, up 19.79% or $0.19 from last year’s $0.96 per share. TCBI’s profit will be $57.07M for 21.43 P/E if the $1.15 EPS becomes a reality. After $1.12 actual earnings per share reported by Texas Capital Bancshares, Inc. for the previous quarter, Wall Street now forecasts 2.68% EPS growth.

Investors sentiment increased to 1.18 in 2017 Q3. Its up 0.05, from 1.13 in 2017Q2. It is positive, as 16 investors sold Texas Capital Bancshares, Inc. shares while 78 reduced holdings. 33 funds opened positions while 78 raised stakes. 48.69 million shares or 0.99% less from 49.18 million shares in 2017Q2 were reported. Great West Life Assurance Comm Can accumulated 41,401 shares. 6,119 are held by Tower Cap Ltd Liability Company (Trc). Hsbc Holdg Public Ltd Com accumulated 19,194 shares. Regions Finance Corp stated it has 0% in Texas Capital Bancshares, Inc. (NASDAQ:TCBI). Glenmede Tru Na has invested 0% in Texas Capital Bancshares, Inc. (NASDAQ:TCBI). Federated Investors Pa owns 0% invested in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) for 18,695 shares. Teacher Retirement Systems Of Texas holds 4,100 shares. California State Teachers Retirement owns 79,811 shares. Engineers Gate Manager L P holds 0.14% of its portfolio in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) for 18,952 shares. King Luther Capital Mngmt Corp owns 90,684 shares. Epoch Inc holds 0.17% or 581,794 shares in its portfolio. Advisory Research has 572,138 shares for 0.78% of their portfolio. Lord Abbett Commerce Limited Liability Com holds 212,378 shares or 0.05% of its portfolio. State Of Tennessee Treasury Department has 0.03% invested in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) for 70,000 shares. Parametric Portfolio Assocs Ltd holds 0.01% of its portfolio in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) for 54,837 shares.

Investors sentiment is 0.85 in Q3 2017. Its the same as in 2017Q2. It has no change, as 57 investors sold XOM shares while 806 reduced holdings. only 114 funds opened positions while 621 raised stakes. 2.13 billion shares or 0.48% more from 2.12 billion shares in 2017Q2 were reported. Spc Financial Inc has 7,446 shares. Investec Asset Mngmt Ltd holds 0.15% or 418,216 shares. Moller Financial Svcs holds 0.21% or 6,683 shares. Arrowstreet Cap LP stated it has 0.01% of its portfolio in Exxon Mobil Corporation (NYSE:XOM). Sg Americas Lc holds 0.04% of its portfolio in Exxon Mobil Corporation (NYSE:XOM) for 49,907 shares. Oregon Pub Employees Retirement Fund accumulated 0.6% or 450,860 shares. Gateway Advisers Limited owns 2.33 million shares or 1.66% of their US portfolio. 7.24M are owned by State Teachers Retirement System. Ariel Limited Liability Company has 90,422 shares. Boys Arnold & reported 153,049 shares. Utd Financial Advisers Limited Liability holds 1.09 million shares. Financial Sense Advsrs reported 4,290 shares. Stillwater Inv Mgmt Ltd Liability Corp reported 23,363 shares or 0.87% of all its holdings. Canada Pension Plan Investment Board stated it has 925,010 shares or 0.16% of all its holdings. Acropolis Invest reported 38,760 shares.

Among 26 analysts covering Exxon Mobil (NYSE:XOM), 10 have Buy rating, 6 Sell and 10 Hold. Therefore 38% are positive. Exxon Mobil had 80 analyst reports since July 22, 2015 according to SRatingsIntel. RBC Capital Markets maintained Exxon Mobil Corporation (NYSE:XOM) rating on Tuesday, August 29. RBC Capital Markets has “Hold” rating and $90.0 target. Morgan Stanley maintained it with “Underperform” rating and $85 target in Wednesday, October 18 report. The firm has “Hold” rating by Deutsche Bank given on Tuesday, March 29. BMO Capital Markets initiated the shares of XOM in report on Friday, December 2 with “Market Perform” rating. The firm earned “Reduce” rating on Friday, March 18 by Nomura. The rating was maintained by Cowen & Co on Tuesday, October 24 with “Buy”. The stock of Exxon Mobil Corporation (NYSE:XOM) has “Hold” rating given on Tuesday, August 29 by Jefferies. The rating was maintained by BMO Capital Markets on Wednesday, January 10 with “Hold”. The stock has “Conviction Buy” rating by Goldman Sachs on Friday, March 18. Citigroup maintained the stock with “Neutral” rating in Friday, July 21 report.

Since August 4, 2017, it had 0 insider buys, and 6 selling transactions for $5.32 million activity. $1.62M worth of stock was sold by Corson Bradley W on Monday, December 11. Franklin Robert Stuart sold $1.81M worth of stock. 1,100 Exxon Mobil Corporation (NYSE:XOM) shares with value of $88,253 were sold by REINEMUND STEVEN. $200,293 worth of Exxon Mobil Corporation (NYSE:XOM) was sold by Wascom Dennis G. Shares for $996,628 were sold by Chapman Neil A. 7,281 Exxon Mobil Corporation (NYSE:XOM) shares with value of $606,082 were sold by Milton Bryan W.

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