Segall Bryant & Hamill LLC Has $33.37 Million Stock Position in Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Segall Bryant & Hamill LLC grew its position in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 12.6% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 467,001 shares of the bank’s stock after buying an additional 52,095 shares during the period. Segall Bryant & Hamill LLC owned 1.01% of Texas Capital Bancshares worth $33,372,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Meeder Asset Management Inc. acquired a new stake in shares of Texas Capital Bancshares in the 3rd quarter valued at $71,000. Pathstone Holdings LLC grew its stake in shares of Texas Capital Bancshares by 3.3% during the third quarter. Pathstone Holdings LLC now owns 42,663 shares of the bank’s stock worth $3,049,000 after purchasing an additional 1,365 shares during the period. LMR Partners LLP acquired a new stake in shares of Texas Capital Bancshares during the third quarter worth $740,000. Victory Capital Management Inc. grew its stake in shares of Texas Capital Bancshares by 326.6% during the third quarter. Victory Capital Management Inc. now owns 70,103 shares of the bank’s stock worth $5,010,000 after purchasing an additional 53,669 shares during the period. Finally, Wolverine Asset Management LLC grew its stake in shares of Texas Capital Bancshares by 23.6% during the third quarter. Wolverine Asset Management LLC now owns 41,038 shares of the bank’s stock worth $2,933,000 after purchasing an additional 7,849 shares during the period. 96.88% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Truist Financial lifted their price objective on Texas Capital Bancshares from $80.00 to $86.00 and gave the stock a “hold” rating in a research note on Monday, October 21st. Raymond James raised Texas Capital Bancshares from a “market perform” rating to an “outperform” rating and set a $78.00 price objective for the company in a research note on Tuesday, September 17th. Hovde Group lifted their price objective on Texas Capital Bancshares from $73.00 to $79.00 and gave the stock a “market perform” rating in a research note on Friday, October 18th. StockNews.com raised Texas Capital Bancshares from a “sell” rating to a “hold” rating in a research note on Wednesday, November 6th. Finally, DA Davidson lifted their target price on Texas Capital Bancshares from $73.00 to $81.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $74.00.

Texas Capital Bancshares Stock Performance

Shares of Texas Capital Bancshares stock opened at $85.90 on Wednesday. The firm has a market cap of $3.97 billion, a price-to-earnings ratio of 477.22, a price-to-earnings-growth ratio of 0.83 and a beta of 1.12. The stock’s 50-day moving average is $76.59 and its 200-day moving average is $67.14. Texas Capital Bancshares, Inc. has a one year low of $53.16 and a one year high of $91.29. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.01 and a quick ratio of 1.01.

Texas Capital Bancshares (NASDAQ:TCBI) last issued its quarterly earnings results on Thursday, October 17th. The bank reported $1.62 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.65. Texas Capital Bancshares had a return on equity of 8.06% and a net margin of 1.40%. The company had revenue of $304.91 million for the quarter, compared to analyst estimates of $279.64 million. Equities analysts predict that Texas Capital Bancshares, Inc. will post 4.15 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Robert W. Stallings bought 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 22nd. The shares were acquired at an average price of $21.28 per share, for a total transaction of $425,600.00. Following the completion of the acquisition, the director now owns 84,587 shares of the company’s stock, valued at approximately $1,800,011.36. The trade was a 30.97 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.53% of the stock is currently owned by corporate insiders.

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.