Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Shares Acquired by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC raised its position in Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) by 12.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 467,001 shares of the bank's stock after acquiring an additional 52,095 shares during the period. Segall Bryant & Hamill LLC owned approximately 1.01% of Texas Capital Bancshares worth $33,372,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in TCBI. Meeder Asset Management Inc. purchased a new position in shares of Texas Capital Bancshares during the third quarter worth $71,000. Pathstone Holdings LLC raised its position in shares of Texas Capital Bancshares by 3.3% in the third quarter. Pathstone Holdings LLC now owns 42,663 shares of the bank's stock worth $3,049,000 after acquiring an additional 1,365 shares during the period. LMR Partners LLP purchased a new stake in shares of Texas Capital Bancshares during the 3rd quarter worth about $740,000. Victory Capital Management Inc. grew its position in shares of Texas Capital Bancshares by 326.6% during the 3rd quarter. Victory Capital Management Inc. now owns 70,103 shares of the bank's stock valued at $5,010,000 after acquiring an additional 53,669 shares during the period. Finally, Wolverine Asset Management LLC grew its position in shares of Texas Capital Bancshares by 23.6% during the 3rd quarter. Wolverine Asset Management LLC now owns 41,038 shares of the bank's stock valued at $2,933,000 after acquiring an additional 7,849 shares during the period. 96.88% of the stock is owned by institutional investors and hedge funds.

Texas Capital Bancshares Stock Down 2.2 %

NASDAQ TCBI traded down $1.85 during trading on Wednesday, reaching $84.05. 123,157 shares of the company's stock were exchanged, compared to its average volume of 429,043. The stock has a market cap of $3.88 billion, a P/E ratio of 477.22, a price-to-earnings-growth ratio of 0.83 and a beta of 1.12. Texas Capital Bancshares, Inc. has a 1 year low of $53.16 and a 1 year high of $91.29. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.01 and a current ratio of 1.01. The company has a 50 day moving average price of $76.59 and a two-hundred day moving average price of $67.14.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last announced its quarterly earnings results on Thursday, October 17th. The bank reported $1.62 earnings per share for the quarter, beating analysts' consensus estimates of $0.97 by $0.65. Texas Capital Bancshares had a net margin of 1.40% and a return on equity of 8.06%. The firm had revenue of $304.91 million during the quarter, compared to analysts' expectations of $279.64 million. On average, equities research analysts anticipate that Texas Capital Bancshares, Inc. will post 4.15 EPS for the current fiscal year.

Insiders Place Their Bets

In other Texas Capital Bancshares news, Director Robert W. Stallings acquired 20,000 shares of the stock in a transaction on Tuesday, October 22nd. The shares were bought at an average cost of $21.28 per share, with a total value of $425,600.00. Following the transaction, the director now owns 84,587 shares of the company's stock, valued at approximately $1,800,011.36. This trade represents a 30.97 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.53% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have commented on TCBI. Bank of America raised Texas Capital Bancshares from an "underperform" rating to a "buy" rating and raised their price objective for the company from $51.00 to $77.00 in a report on Monday, September 9th. JPMorgan Chase & Co. upped their target price on shares of Texas Capital Bancshares from $72.00 to $80.00 and gave the stock an "underweight" rating in a report on Friday, October 18th. DA Davidson lifted their price objective on Texas Capital Bancshares from $73.00 to $81.00 and gave the stock a "neutral" rating in a research report on Friday, October 25th. StockNews.com upgraded shares of Texas Capital Bancshares from a "sell" rating to a "hold" rating in a report on Wednesday, November 6th. Finally, Wedbush reissued a "sector perform" rating on shares of Texas Capital Bancshares in a research report on Friday, October 18th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Texas Capital Bancshares presently has an average rating of "Hold" and an average price target of $74.00.

About Texas Capital Bancshares

Texas Capital Bancshares, Inc operates as the bank holding company for Texas Capital Bank, is a full-service financial services firm that delivers customized solutions to businesses, entrepreneurs, and individual customers. The company offers commercial banking; consumer banking; investment banking solutions, including capital markets, mergers and acquisitions, and syndicated finance, as well as financial sponsor coverage, capital solutions, and institutional services; and wealth management services, such as investment management, financial planning, lockbox and insurance, securities-based lending, estate planning, and business succession, as well as philanthropic, trustee and executor, custom credit, and depository services.