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

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

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TCBI. Norges Bank purchased a new position in Texas Capital Bancshares in the 4th quarter valued at about $42,050,000. Azora Capital LP purchased a new position in Texas Capital Bancshares in the 4th quarter valued at about $25,232,000. SG Americas Securities LLC purchased a new position in Texas Capital Bancshares in the 1st quarter valued at about $16,938,000. Millennium Management LLC lifted its holdings in Texas Capital Bancshares by 60.6% in the 4th quarter. Millennium Management LLC now owns 385,477 shares of the bank's stock valued at $30,144,000 after purchasing an additional 145,393 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in shares of Texas Capital Bancshares by 22.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 744,833 shares of the bank's stock worth $58,246,000 after acquiring an additional 138,734 shares during the period. 96.88% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on TCBI. DA Davidson cut their price objective on shares of Texas Capital Bancshares from $81.00 to $76.00 and set a "neutral" rating on the stock in a report on Monday, April 21st. Hovde Group increased their price objective on shares of Texas Capital Bancshares from $75.00 to $95.00 and gave the stock a "market perform" rating in a report on Friday. JPMorgan Chase & Co. increased their price objective on shares of Texas Capital Bancshares from $70.00 to $82.00 and gave the stock an "underweight" rating in a report on Tuesday, July 1st. Keefe, Bruyette & Woods cut their price objective on shares of Texas Capital Bancshares from $92.00 to $86.00 and set an "outperform" rating on the stock in a report on Monday, April 21st. Finally, Stephens cut their price objective on shares of Texas Capital Bancshares from $95.00 to $90.00 and set an "overweight" rating on the stock in a report on Monday, April 21st. Three equities research 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's stock. According to data from MarketBeat.com, Texas Capital Bancshares has an average rating of "Hold" and an average target price of $82.50.

Texas Capital Bancshares Stock Up 0.3%

NASDAQ:TCBI traded up $0.26 during trading hours on Friday, hitting $89.73. The stock had a trading volume of 808,730 shares, compared to its average volume of 462,426. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.19. Texas Capital Bancshares, Inc. has a 1-year low of $56.24 and a 1-year high of $94.61. The business has a 50 day simple moving average of $78.23 and a two-hundred day simple moving average of $75.68. The company has a market cap of $4.12 billion, a PE ratio of 35.61, a price-to-earnings-growth ratio of 0.89 and a beta of 0.66.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last issued its quarterly earnings data on Thursday, July 17th. The bank reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.35. Texas Capital Bancshares had a net margin of 6.79% and a return on equity of 10.36%. The company had revenue of $307.46 million during the quarter, compared to the consensus estimate of $298.90 million. During the same quarter last year, the company earned $0.80 earnings per share. Analysts predict that Texas Capital Bancshares, Inc. will post 5.84 EPS for the current year.

Insider Transactions at Texas Capital Bancshares

In other news, Director Robert W. Stallings acquired 10,500 shares of the stock in a transaction on Wednesday, June 11th. The stock was bought at an average price of $20.28 per share, with a total value of $212,940.00. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders have purchased a total of 29,800 shares of company stock valued at $1,059,205 over the last three months. 1.72% of the stock is 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.