Segall Bryant & Hamill LLC raised its holdings in Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) by 4.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 490,018 shares of the bank's stock after purchasing an additional 23,017 shares during the period. Segall Bryant & Hamill LLC owned about 1.06% of Texas Capital Bancshares worth $38,319,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Picton Mahoney Asset Management acquired a new stake in Texas Capital Bancshares in the 4th quarter valued at $30,000. Icon Wealth Advisors LLC acquired a new position in shares of Texas Capital Bancshares during the 3rd quarter worth about $31,000. Assetmark Inc. acquired a new stake in Texas Capital Bancshares in the 4th quarter worth about $32,000. Venturi Wealth Management LLC purchased a new stake in Texas Capital Bancshares during the 4th quarter worth approximately $37,000. Finally, R Squared Ltd acquired a new position in shares of Texas Capital Bancshares during the fourth quarter valued at approximately $41,000. 96.88% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several research firms recently commented on TCBI. Hovde Group reduced their price objective on Texas Capital Bancshares from $90.00 to $84.00 and set a "market perform" rating for the company in a research note on Friday, March 7th. JPMorgan Chase & Co. reduced their target price on shares of Texas Capital Bancshares from $81.00 to $80.00 and set an "underweight" rating for the company in a research report on Friday, January 24th. Keefe, Bruyette & Woods restated an "outperform" rating and set a $95.00 price target (down from $100.00) on shares of Texas Capital Bancshares in a research report on Wednesday, January 29th. Stephens cut their price objective on shares of Texas Capital Bancshares from $102.00 to $97.00 and set an "overweight" rating for the company in a report on Tuesday, January 28th. Finally, StockNews.com upgraded Texas Capital Bancshares from a "sell" rating to a "hold" rating in a report on Friday, January 31st. Three analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Texas Capital Bancshares has an average rating of "Hold" and a consensus price target of $79.47.
Read Our Latest Report on Texas Capital Bancshares
Texas Capital Bancshares Trading Down 2.0 %
NASDAQ TCBI traded down $1.52 on Friday, reaching $73.79. The stock had a trading volume of 432,734 shares, compared to its average volume of 427,244. Texas Capital Bancshares, Inc. has a 12-month low of $54.68 and a 12-month high of $91.80. The stock has a fifty day moving average price of $78.06 and a two-hundred day moving average price of $78.68. The firm has a market capitalization of $3.40 billion, a price-to-earnings ratio of 57.65, a P/E/G ratio of 0.75 and a beta of 1.13. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.22.
Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last announced its earnings results on Thursday, January 23rd. The bank reported $1.43 EPS for the quarter, beating analysts' consensus estimates of $1.07 by $0.36. Texas Capital Bancshares had a return on equity of 9.14% and a net margin of 3.99%. As a group, sell-side analysts forecast that Texas Capital Bancshares, Inc. will post 5.84 EPS for the current fiscal year.
Insider Activity
In other Texas Capital Bancshares news, Director Robert W. Stallings bought 2,006 shares of the business's stock in a transaction that occurred on Monday, January 27th. The shares were purchased at an average cost of $20.99 per share, with a total value of $42,105.94. Following the purchase, the director now directly owns 182,899 shares in the company, valued at approximately $3,839,050.01. This represents a 1.11 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last quarter, insiders acquired 29,402 shares of company stock valued at $653,787. 1.72% of the stock is currently owned by company insiders.
Texas Capital Bancshares Profile
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Free Report)
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.
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