SG Americas Securities LLC Buys New Shares in Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

SG Americas Securities LLC bought a new position in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 226,751 shares of the bank's stock, valued at approximately $16,938,000. SG Americas Securities LLC owned about 0.49% of Texas Capital Bancshares at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in TCBI. Picton Mahoney Asset Management acquired a new position in Texas Capital Bancshares in the fourth quarter valued at approximately $30,000. Assetmark Inc. purchased a new stake in shares of Texas Capital Bancshares during the fourth quarter worth $32,000. Venturi Wealth Management LLC purchased a new stake in shares of Texas Capital Bancshares during the fourth quarter worth $37,000. UMB Bank n.a. increased its holdings in Texas Capital Bancshares by 1,089.8% in the first quarter. UMB Bank n.a. now owns 583 shares of the bank's stock valued at $44,000 after buying an additional 534 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in Texas Capital Bancshares by 127.0% in the first quarter. GAMMA Investing LLC now owns 831 shares of the bank's stock valued at $62,000 after buying an additional 465 shares during the last quarter. 96.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TCBI has been the subject of several research analyst reports. Piper Sandler decreased their price objective on shares of Texas Capital Bancshares from $84.00 to $74.00 and set a "neutral" rating for the company in a research note on Monday, April 21st. Barclays cut their price target on shares of Texas Capital Bancshares from $73.00 to $70.00 and set an "underweight" rating for the company in a report on Tuesday, April 8th. Raymond James dropped their target price on shares of Texas Capital Bancshares from $87.00 to $80.00 and set an "outperform" rating for the company in a report on Monday, April 21st. JPMorgan Chase & Co. dropped their price objective on shares of Texas Capital Bancshares from $78.00 to $70.00 and set an "underweight" rating for the company in a research note on Monday, April 21st. Finally, Stephens dropped their price objective on shares of Texas Capital Bancshares from $95.00 to $90.00 and set an "overweight" rating for the company in a research note on Monday, April 21st. 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's stock. Based on data from MarketBeat.com, Texas Capital Bancshares has a consensus rating of "Hold" and an average price target of $78.00.

Insiders Place Their Bets

In related news, Director Robert W. Stallings bought 500 shares of the company's stock in a transaction dated Wednesday, April 23rd. The stock was bought at an average price of $68.20 per share, with a total value of $34,100.00. Following the transaction, the director now owns 289,961 shares of the company's stock, valued at approximately $19,775,340.20. This trade represents a 0.17% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Insiders have bought 19,300 shares of company stock worth $846,265 in the last quarter. 1.72% of the stock is owned by corporate insiders.

Texas Capital Bancshares Trading Up 0.0%

Shares of TCBI traded up $0.03 during mid-day trading on Thursday, reaching $76.65. The company had a trading volume of 319,472 shares, compared to its average volume of 458,293. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.22. The stock has a market cap of $3.52 billion, a price-to-earnings ratio of 59.88, a price-to-earnings-growth ratio of 0.75 and a beta of 0.65. The firm has a fifty day simple moving average of $70.39 and a 200-day simple moving average of $75.95. Texas Capital Bancshares, Inc. has a fifty-two week low of $56.24 and a fifty-two week high of $91.80.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last posted its earnings results on Thursday, April 17th. The bank reported $0.92 earnings per share for the quarter, missing the consensus estimate of $0.99 by ($0.07). The business had revenue of $280.48 million for the quarter, compared to analyst estimates of $284.40 million. Texas Capital Bancshares had a net margin of 3.99% and a return on equity of 9.14%. On average, sell-side analysts anticipate that Texas Capital Bancshares, Inc. will post 5.84 EPS for the current fiscal year.

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.