SYM FINANCIAL Corp Decreases Position in Texas Capital Bancshares, Inc. $TCBI

SYM FINANCIAL Corp lessened its holdings in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 14.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,120 shares of the bank’s stock after selling 513 shares during the quarter. SYM FINANCIAL Corp’s holdings in Texas Capital Bancshares were worth $248,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Teacher Retirement System of Texas raised its position in Texas Capital Bancshares by 3.7% in the 2nd quarter. Teacher Retirement System of Texas now owns 7,005 shares of the bank’s stock worth $556,000 after purchasing an additional 249 shares during the period. Bessemer Group Inc. raised its position in Texas Capital Bancshares by 4.6% in the 2nd quarter. Bessemer Group Inc. now owns 258,756 shares of the bank’s stock worth $20,545,000 after purchasing an additional 11,340 shares during the period. State of New Jersey Common Pension Fund D raised its position in Texas Capital Bancshares by 6.3% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 26,141 shares of the bank’s stock worth $2,076,000 after purchasing an additional 1,545 shares during the period. Turtle Creek Wealth Advisors LLC purchased a new position in Texas Capital Bancshares in the 2nd quarter worth $765,000. Finally, Bayforest Capital Ltd raised its position in Texas Capital Bancshares by 183.0% in the 2nd quarter. Bayforest Capital Ltd now owns 6,534 shares of the bank’s stock worth $519,000 after purchasing an additional 4,225 shares during the period. Hedge funds and other institutional investors own 96.88% of the company’s stock.

Texas Capital Bancshares Price Performance

Shares of NASDAQ TCBI opened at $85.90 on Tuesday. Texas Capital Bancshares, Inc. has a 1 year low of $59.37 and a 1 year high of $94.61. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.00 and a quick ratio of 1.00. The company’s 50-day moving average is $85.11 and its 200 day moving average is $79.81. The stock has a market capitalization of $3.92 billion, a P/E ratio of 14.06, a P/E/G ratio of 0.65 and a beta of 0.67.

Texas Capital Bancshares (NASDAQ:TCBI) last announced its quarterly earnings results on Wednesday, October 22nd. The bank reported $2.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.77 by $0.41. Texas Capital Bancshares had a net margin of 15.14% and a return on equity of 9.51%. The company had revenue of $340.35 million for the quarter, compared to analysts’ expectations of $327.13 million. During the same quarter in the previous year, the company earned ($1.41) earnings per share. Texas Capital Bancshares’s quarterly revenue was up 171.6% on a year-over-year basis. On average, sell-side analysts expect that Texas Capital Bancshares, Inc. will post 5.84 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Cowen assumed coverage on shares of Texas Capital Bancshares in a research report on Wednesday, September 24th. They issued a “hold” rating on the stock. Hovde Group boosted their price objective on shares of Texas Capital Bancshares from $85.00 to $93.00 and gave the company a “market perform” rating in a research report on Thursday, October 23rd. Wall Street Zen upgraded shares of Texas Capital Bancshares from a “sell” rating to a “hold” rating in a research report on Sunday, July 13th. Weiss Ratings restated a “hold (c)” rating on shares of Texas Capital Bancshares in a research report on Wednesday, October 8th. Finally, DA Davidson set a $91.00 price objective on shares of Texas Capital Bancshares in a research report on Thursday. Three research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, Texas Capital Bancshares presently has a consensus rating of “Hold” and an average price target of $87.60.

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.