Segall Bryant & Hamill LLC Trims Position in Texas Capital Bancshares, Inc. $TCBI

Segall Bryant & Hamill LLC trimmed its position in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 1.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 469,405 shares of the bank’s stock after selling 5,701 shares during the period. Segall Bryant & Hamill LLC’s holdings in Texas Capital Bancshares were worth $37,271,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Ameritas Advisory Services LLC purchased a new stake in Texas Capital Bancshares in the 2nd quarter worth $52,000. UMB Bank n.a. grew its position in shares of Texas Capital Bancshares by 29.7% during the second quarter. UMB Bank n.a. now owns 756 shares of the bank’s stock worth $60,000 after purchasing an additional 173 shares in the last quarter. State of Wyoming purchased a new stake in shares of Texas Capital Bancshares during the first quarter worth about $70,000. GAMMA Investing LLC raised its stake in Texas Capital Bancshares by 45.7% during the 2nd quarter. GAMMA Investing LLC now owns 1,211 shares of the bank’s stock valued at $96,000 after purchasing an additional 380 shares during the period. Finally, Bayforest Capital Ltd lifted its holdings in Texas Capital Bancshares by 69.7% in the 1st quarter. Bayforest Capital Ltd now owns 2,309 shares of the bank’s stock worth $172,000 after purchasing an additional 948 shares in the last quarter. Institutional investors own 96.88% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Barclays increased their price objective on shares of Texas Capital Bancshares from $85.00 to $90.00 and gave the company an “underweight” rating in a report on Tuesday, November 11th. Zacks Research cut shares of Texas Capital Bancshares from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 9th. Cowen began coverage on shares of Texas Capital Bancshares in a research note on Wednesday, September 24th. They issued a “hold” rating on the stock. Piper Sandler increased their price objective on shares of Texas Capital Bancshares from $84.00 to $86.00 and gave the company a “neutral” rating in a report on Thursday, October 23rd. Finally, TD Cowen upgraded Texas Capital Bancshares to a “hold” rating in a research report on Thursday, September 25th. Four analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Texas Capital Bancshares has an average rating of “Hold” and an average target price of $88.10.

Texas Capital Bancshares Price Performance

TCBI stock opened at $87.95 on Friday. Texas Capital Bancshares, Inc. has a 52 week low of $59.37 and a 52 week high of $94.61. The firm has a market capitalization of $4.01 billion, a P/E ratio of 14.39, a price-to-earnings-growth ratio of 0.63 and a beta of 0.82. The company has a fifty day simple moving average of $84.60 and a two-hundred day simple moving average of $82.16. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.19.

Texas Capital Bancshares (NASDAQ:TCBI) last posted its earnings results on Wednesday, October 22nd. The bank reported $2.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.77 by $0.41. The firm had revenue of $340.35 million for the quarter, compared to the consensus estimate of $327.13 million. Texas Capital Bancshares had a net margin of 15.14% and a return on equity of 9.51%. The business’s quarterly revenue was up 171.6% on a year-over-year basis. During the same period in the previous year, the firm posted ($1.41) EPS. Analysts anticipate that Texas Capital Bancshares, Inc. will post 5.84 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Robert W. Stallings acquired 5,000 shares of the firm’s stock in a transaction on Monday, October 27th. The shares were acquired at an average cost of $20.68 per share, for a total transaction of $103,400.00. Following the completion of the transaction, the director directly owned 275,913 shares in the company, valued at approximately $5,705,880.84. This trade represents a 1.85% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.72% of the stock is owned by insiders.

Texas Capital Bancshares Company 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.