Texas Capital Bancshares (TCBI) Stake Has Boosted by Spindletop Capital Llc; Brave Asset Management Has Lowered Holding in General Electric Co (GE) as Share Value Declined

May 16, 2018 - By Adrian Mccoy

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Logo

Spindletop Capital Llc increased its stake in Texas Capital Bancshares Inc (TCBI) by 1.93% based on its latest 2017Q4 regulatory filing with the SEC. Spindletop Capital Llc bought 5,000 shares as the company’s stock declined 5.34% with the market. The institutional investor held 263,500 shares of the finance company at the end of 2017Q4, valued at $23.43M, up from 258,500 at the end of the previous reported quarter. Spindletop Capital Llc who had been investing in Texas Capital Bancshares Inc for a number of months, seems to be bullish on the $5.03B market cap company. The stock decreased 0.30% or $0.3 during the last trading session, reaching $101.2. About 374,423 shares traded. Texas Capital Bancshares, Inc. (NASDAQ:TCBI) has risen 9.68% since May 16, 2017 and is uptrending. It has underperformed by 1.87% the S&P500.

Brave Asset Management Inc decreased its stake in General Electric Co (GE) by 59.19% based on its latest 2017Q4 regulatory filing with the SEC. Brave Asset Management Inc sold 56,060 shares as the company’s stock declined 23.20% with the market. The institutional investor held 38,654 shares of the consumer electronics and appliances company at the end of 2017Q4, valued at $675,000, down from 94,714 at the end of the previous reported quarter. Brave Asset Management Inc who had been investing in General Electric Co for a number of months, seems to be less bullish one the $130.54B market cap company. The stock increased 2.18% or $0.32 during the last trading session, reaching $15.03. About 50.96 million shares traded. General Electric Company (NYSE:GE) has declined 54.35% since May 16, 2017 and is downtrending. It has underperformed by 65.90% the S&P500.

Among 23 analysts covering Texas Capital Bancshares Inc. (NASDAQ:TCBI), 9 have Buy rating, 1 Sell and 13 Hold. Therefore 39% are positive. Texas Capital Bancshares Inc. had 84 analyst reports since July 24, 2015 according to SRatingsIntel. The firm has “Neutral” rating given on Friday, October 7 by Wedbush. The stock has “Buy” rating by RBC Capital Markets on Thursday, April 19. The rating was maintained by Keefe Bruyette & Woods with “Hold” on Thursday, December 21. The company was maintained on Monday, January 8 by SunTrust. The rating was maintained by Keefe Bruyette & Woods with “Hold” on Monday, August 21. The firm earned “Neutral” rating on Monday, December 28 by Piper Jaffray. The firm has “Buy” rating given on Thursday, April 19 by Jefferies. The company was maintained on Tuesday, October 10 by Jefferies. The stock of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) has “Hold” rating given on Monday, February 26 by Keefe Bruyette & Woods. The stock of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) earned “Outperform” rating by Wedbush on Thursday, December 21.

More important recent Texas Capital Bancshares, Inc. (NASDAQ:TCBI) news were published by: Seekingalpha.com which released: “Texas Capital Bancshares’ (TCBI) CEO Keith Cargill on Q1 2018 Results – Earnings Call Transcript” on April 19, 2018, also Nasdaq.com published article titled: “Texas Capital Bancshares, Inc. Announces Quarterly Dividend for Preferred Stock”, Globenewswire.com published: “Texas Capital Bancshares, Inc. Announces Operating Results for Q1 2018” on April 18, 2018. More interesting news about Texas Capital Bancshares, Inc. (NASDAQ:TCBI) was released by: Benzinga.com and their article: “Mid-Afternoon Market Update: Dow Slides 160 Points; Helios and Matheson Analytics Shares Plunge” with publication date: April 19, 2018.

Investors sentiment decreased to 1 in 2017 Q4. Its down 0.18, from 1.18 in 2017Q3. It dropped, 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. Clearbridge Invests Ltd Liability Corp invested in 32,825 shares. Tower Research Limited (Trc) holds 133 shares. Glenmede Tru Commerce Na reported 205 shares. Principal Fincl Group Inc holds 0.02% or 210,087 shares in its portfolio. Captrust Financial Advsrs holds 857 shares or 0% of its portfolio. Advisory Ltd Liability Co reported 35 shares. Ameriprise Fincl holds 0.01% in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) or 138,655 shares. The Illinois-based Guggenheim has invested 0.01% in Texas Capital Bancshares, Inc. (NASDAQ:TCBI). 10,384 were accumulated by Brinker Capital Inc. Bnp Paribas Arbitrage invested 0.01% of its portfolio in Texas Capital Bancshares, Inc. (NASDAQ:TCBI). 42,179 were reported by Great West Life Assurance Can. Fincl Advisers Ltd Liability has invested 0% of its portfolio in Texas Capital Bancshares, Inc. (NASDAQ:TCBI). Granahan Inv Management Incorporated Ma has 71,989 shares. Bancshares Of Mellon holds 0.03% or 1.20M shares in its portfolio. Dubuque Bancorporation And Tru Communication has 0% invested in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) for 55 shares.

Since January 30, 2018, it had 2 insider purchases, and 1 insider sale for $77,054 activity. On Tuesday, February 6 the insider CARGILL C KEITH bought $181,200. Huntley David S. had bought 21 shares worth $2,060.

Among 29 analysts covering General Electric Company (NYSE:GE), 9 have Buy rating, 6 Sell and 14 Hold. Therefore 31% are positive. General Electric Company had 102 analyst reports since July 21, 2015 according to SRatingsIntel. TheStreet upgraded the stock to “Buy” rating in Tuesday, July 21 report. The rating was downgraded by DZ Bank to “Hold” on Friday, January 26. The stock has “Buy” rating by UBS on Friday, October 14. As per Monday, July 17, the company rating was maintained by Cowen & Co. Stifel Nicolaus maintained the stock with “Hold” rating in Tuesday, April 3 report. The rating was maintained by Credit Suisse on Wednesday, April 12 with “Buy”. The firm has “Neutral” rating by UBS given on Monday, October 23. The firm has “Buy” rating by Stifel Nicolaus given on Friday, July 7. RBC Capital Markets maintained General Electric Company (NYSE:GE) on Thursday, March 23 with “Positive” rating. The firm has “Market Perform” rating by Bernstein given on Monday, April 4.

Brave Asset Management Inc, which manages about $193.32 million and $192.00 million US Long portfolio, upped its stake in Ishares Tr (EEM) by 43,952 shares to 88,670 shares, valued at $4.18 million in 2017Q4, according to the filing. It also increased its holding in Spdr S&P 500 Etf Tr (SPY) by 17,612 shares in the quarter, for a total of 43,612 shares, and has risen its stake in J2 Global Inc (NASDAQ:JCOM).

Analysts await General Electric Company (NYSE:GE) to report earnings on July, 20. They expect $0.18 earnings per share, down 35.71% or $0.10 from last year’s $0.28 per share. GE’s profit will be $1.56 billion for 20.88 P/E if the $0.18 EPS becomes a reality. After $0.16 actual earnings per share reported by General Electric Company for the previous quarter, Wall Street now forecasts 12.50% EPS growth.

More notable recent General Electric Company (NYSE:GE) news were published by: Seekingalpha.com which released: “General Electric’s Big Payout” on May 15, 2018, also Seekingalpha.com with their article: “GE Is No Bargain At $14” published on May 02, 2018, Bizjournals.com published: “GE, Teradyne urge Trump administration to ditch Chinese tariffs” on May 16, 2018. More interesting news about General Electric Company (NYSE:GE) were released by: Seekingalpha.com and their article: “General Electric’s Death Could Be Best For Shareholders” published on April 25, 2018 as well as Seekingalpha.com‘s news article titled: “General Electric: Finally, It’s Over” with publication date: April 23, 2018.

Investors sentiment decreased to 0.5 in Q4 2017. Its down 0.19, from 0.69 in 2017Q3. It worsened, as 153 investors sold GE shares while 921 reduced holdings. 151 funds opened positions while 383 raised stakes. 4.69 billion shares or 0.29% less from 4.70 billion shares in 2017Q3 were reported. Barr E S Co reported 10,508 shares or 0.02% of all its holdings. Blb&B Advisors Limited Liability Corporation accumulated 376,878 shares or 0.94% of the stock. Boston Family Office Ltd Liability has invested 0.68% in General Electric Company (NYSE:GE). Moreover, Hodges Management has 0.04% invested in General Electric Company (NYSE:GE). Dumont & Blake Invest Advsr Ltd Liability accumulated 80,394 shares or 0.57% of the stock. Westover Advisors Limited has 0.2% invested in General Electric Company (NYSE:GE). 1.87M were accumulated by Piedmont Investment Advsr Limited Liability Corporation. Somerville Kurt F holds 0.36% or 100,442 shares in its portfolio. Rnc Ltd Liability Corp reported 0.04% stake. Cohen Cap Mngmt holds 1.29% of its portfolio in General Electric Company (NYSE:GE) for 316,765 shares. Clarkston Prtnrs Limited Liability Com stated it has 1.73% of its portfolio in General Electric Company (NYSE:GE). Teachers Retirement Of The State Of Kentucky invested 0.19% of its portfolio in General Electric Company (NYSE:GE). Optimum Inv Advisors invested in 40,566 shares or 0.23% of the stock. Signature Est And Invest Ltd Liability Company holds 8,361 shares or 0.01% of its portfolio. Independent Inc, a New York-based fund reported 90,513 shares.

Since January 26, 2018, it had 1 buy, and 0 insider sales for $43,446 activity.

General Electric Company (NYSE:GE) Institutional Positions Chart

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