Sei Investments Co. Grows Stock Holdings in Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Sei Investments Co. lifted its position in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) by 7.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 74,367 shares of the bank's stock after buying an additional 5,442 shares during the quarter. Sei Investments Co. owned approximately 0.16% of Texas Capital Bancshares worth $5,815,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Picton Mahoney Asset Management bought a new position in Texas Capital Bancshares in the fourth quarter worth approximately $30,000. Assetmark Inc. purchased a new position in Texas Capital Bancshares in the fourth quarter valued at about $32,000. Venturi Wealth Management LLC purchased a new stake in shares of Texas Capital Bancshares during the fourth quarter valued at about $37,000. R Squared Ltd bought a new stake in shares of Texas Capital Bancshares in the 4th quarter valued at about $41,000. Finally, KBC Group NV boosted its holdings in shares of Texas Capital Bancshares by 64.2% in the 4th quarter. KBC Group NV now owns 2,172 shares of the bank's stock valued at $170,000 after buying an additional 849 shares in the last quarter. Hedge funds and other institutional investors own 96.88% of the company's stock.

Insider Activity at Texas Capital Bancshares

In related news, Director Robert W. Stallings acquired 7,000 shares of the stock in a transaction dated Tuesday, March 4th. The stock was acquired at an average cost of $20.43 per share, with a total value of $143,010.00. Following the completion of the transaction, the director now owns 49,500 shares in the company, valued at $1,011,285. This represents a 16.47 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In the last quarter, insiders purchased 29,402 shares of company stock worth $653,787. Insiders own 1.72% of the company's stock.

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Texas Capital Bancshares Trading Down 10.8 %

TCBI traded down $8.09 during trading hours on Thursday, reaching $66.62. The company's stock had a trading volume of 822,712 shares, compared to its average volume of 428,385. Texas Capital Bancshares, Inc. has a fifty-two week low of $54.68 and a fifty-two week high of $91.80. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a market cap of $3.07 billion, a PE ratio of 52.05, a P/E/G ratio of 0.75 and a beta of 1.13. The business's 50-day moving average is $77.47 and its 200-day moving average is $78.72.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last issued its quarterly earnings data on Thursday, January 23rd. The bank reported $1.43 earnings per share (EPS) for the quarter, topping 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, equities research analysts predict that Texas Capital Bancshares, Inc. will post 5.84 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

TCBI has been the subject of a number of recent analyst reports. StockNews.com raised Texas Capital Bancshares from a "sell" rating to a "hold" rating in a research report on Friday, January 31st. DA Davidson lowered their price target on Texas Capital Bancshares from $90.00 to $87.00 and set a "neutral" rating for the company in a report on Friday, January 24th. Hovde Group cut their price objective on shares of Texas Capital Bancshares from $90.00 to $84.00 and set a "market perform" rating on the stock in a report on Friday, March 7th. JPMorgan Chase & Co. lowered 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 note on Friday, January 24th. Finally, Barclays lifted their price objective on shares of Texas Capital Bancshares from $60.00 to $71.00 and gave the stock an "underweight" rating in a research note on Thursday, December 5th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Texas Capital Bancshares presently has an average rating of "Hold" and an average price target of $80.43.

Texas Capital Bancshares Profile

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.