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

Segall Bryant & Hamill LLC lowered its position in Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) by 3.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 475,106 shares of the bank's stock after selling 14,912 shares during the quarter. Segall Bryant & Hamill LLC owned approximately 1.04% of Texas Capital Bancshares worth $35,490,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Picton Mahoney Asset Management purchased a new stake in Texas Capital Bancshares in the fourth quarter worth approximately $30,000. UMB Bank n.a. raised its holdings in shares of Texas Capital Bancshares by 1,089.8% during the first quarter. UMB Bank n.a. now owns 583 shares of the bank's stock valued at $44,000 after acquiring an additional 534 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Texas Capital Bancshares by 127.0% during the first quarter. GAMMA Investing LLC now owns 831 shares of the bank's stock valued at $62,000 after acquiring an additional 465 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new position in shares of Texas Capital Bancshares during the fourth quarter valued at approximately $115,000. Finally, Sterling Capital Management LLC raised its holdings in shares of Texas Capital Bancshares by 819.9% during the fourth quarter. Sterling Capital Management LLC now owns 1,481 shares of the bank's stock valued at $116,000 after acquiring an additional 1,320 shares in the last quarter. Hedge funds and other institutional investors own 96.88% of the company's stock.

Texas Capital Bancshares Trading Up 0.3%

Shares of Texas Capital Bancshares stock traded up $0.23 on Friday, reaching $89.70. The company had a trading volume of 288,767 shares, compared to its average volume of 463,174. Texas Capital Bancshares, Inc. has a 1 year low of $56.24 and a 1 year high of $94.61. The firm has a market cap of $4.12 billion, a price-to-earnings ratio of 51.56, a P/E/G ratio of 0.85 and a beta of 0.66. The firm's 50-day moving average price is $77.90 and its two-hundred day moving average price is $75.60. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.00 and a quick ratio of 1.00.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last released its earnings results on Thursday, July 17th. The bank reported $1.63 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.35. Texas Capital Bancshares had a return on equity of 9.39% and a net margin of 5.04%. The business had revenue of $307.46 million during the quarter, compared to the consensus estimate of $298.90 million. During the same period last year, the company earned $0.80 earnings per share. As a group, research analysts predict that Texas Capital Bancshares, Inc. will post 5.84 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on TCBI shares. Stephens decreased their target price on Texas Capital Bancshares from $95.00 to $90.00 and set an "overweight" rating for the company in a report on Monday, April 21st. Wall Street Zen raised Texas Capital Bancshares from a "sell" rating to a "hold" rating in a research report on Sunday, July 13th. Keefe, Bruyette & Woods dropped their price objective on Texas Capital Bancshares from $92.00 to $86.00 and set an "outperform" rating on the stock in a research report on Monday, April 21st. Barclays increased their price objective on Texas Capital Bancshares from $78.00 to $82.00 and gave the company an "underweight" rating in a research report on Friday. Finally, Hovde Group increased their price objective on Texas Capital Bancshares from $75.00 to $95.00 and gave the company a "market perform" rating in a research report on Friday. 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 company. According to data from MarketBeat, Texas Capital Bancshares currently has a consensus rating of "Hold" and an average target price of $81.14.

Insider Buying and Selling at Texas Capital Bancshares

In other news, Director Robert W. Stallings acquired 10,500 shares of the firm's stock in a transaction that occurred on Wednesday, June 11th. The stock was purchased at an average cost of $20.28 per share, for a total transaction of $212,940.00. Following the completion of the acquisition, the director directly owned 60,000 shares of the company's stock, valued at $1,216,800. The trade was a 21.21% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders acquired 29,800 shares of company stock worth $1,059,205 in the last ninety days. 1.72% of the stock is currently owned by company 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.