Texas Capital Bancshares, Inc. (TCBI) Stake Cut by SG Americas Securities LLC

Texas Capital Bancshares, Inc. (TCBI) Stake Cut by SG Americas Securities LLC

SG Americas Securities LLC lowered its position in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 35.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,631 shares of the company’s stock after selling 3,117 shares during the period. SG Americas Securities LLC’s holdings in Texas Capital Bancshares were worth $309,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of the company. Bank of Montreal Can acquired a new stake in shares of Texas Capital Bancshares during the second quarter worth $2,718,000. Public Employees Retirement Association of Colorado increased its stake in shares of Texas Capital Bancshares by 61.2% in the second quarter. Public Employees Retirement Association of Colorado now owns 285,300 shares of the company’s stock worth $13,341,000 after buying an additional 108,300 shares during the last quarter. Channing Capital Management LLC increased its stake in shares of Texas Capital Bancshares by 101.1% in the second quarter. Channing Capital Management LLC now owns 905,504 shares of the company’s stock worth $42,341,000 after buying an additional 455,292 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Texas Capital Bancshares during the second quarter worth $205,000. Finally, Neuberger Berman Group LLC increased its stake in shares of Texas Capital Bancshares by 0.3% in the second quarter. Neuberger Berman Group LLC now owns 439,731 shares of the company’s stock worth $20,562,000 after buying an additional 1,116 shares during the last quarter. Hedge funds and other institutional investors own 93.37% of the company’s stock.

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) traded down 0.41% during midday trading on Friday, hitting $84.15. 432,649 shares of the company were exchanged. The stock has a market capitalization of $4.17 billion, a price-to-earnings ratio of 27.06 and a beta of 1.39. Texas Capital Bancshares, Inc. has a 1-year low of $29.78 and a 1-year high of $89.25. The stock has a 50 day moving average of $78.92 and a 200-day moving average of $62.08.

Texas Capital Bancshares (NASDAQ:TCBI) last announced its quarterly earnings data on Wednesday, January 25th. The company reported $0.96 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.07. Texas Capital Bancshares had a net margin of 19.98% and a return on equity of 9.94%. During the same period in the previous year, the firm earned $0.70 EPS. Equities analysts expect that Texas Capital Bancshares, Inc. will post $4.00 earnings per share for the current year.

TCBI has been the subject of a number of recent analyst reports. Wedbush initiated coverage on Texas Capital Bancshares in a report on Thursday, October 6th. They set a “neutral” rating and a $54.00 price target for the company. Deutsche Bank AG raised their target price on Texas Capital Bancshares from $56.00 to $66.00 and gave the company a “buy” rating in a research note on Tuesday, October 11th. Barclays PLC raised their target price on Texas Capital Bancshares from $52.00 to $58.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 11th. Zacks Investment Research upgraded Texas Capital Bancshares from a “hold” rating to a “buy” rating and set a $67.00 target price for the company in a research note on Tuesday, October 25th. Finally, TheStreet upgraded Texas Capital Bancshares from a “hold” rating to a “buy” rating in a research note on Tuesday, October 25th. Twelve analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $64.19.

Texas Capital Bancshares Company Profile

Texas Capital Bancshares, Inc is a bank holding and a financial holding company. The Company is the parent of Texas Capital Bank, National Association (the Bank). It offers a range of loans, deposit accounts and other financial products and services. It offers commercial loans for general corporate purposes, including financing for working capital, internal growth, acquisitions and financing for business insurance premiums; real estate term and construction loans; mortgage finance lending; equipment leasing; treasury management services; wealth management and trust services, and letters of credit.

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