SG Americas Securities LLC Has $11.24 Million Stock Holdings in Texas Capital Bancshares, Inc. $TCBI

SG Americas Securities LLC raised its holdings in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 2,461.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 132,934 shares of the bank’s stock after buying an additional 127,744 shares during the period. SG Americas Securities LLC’s holdings in Texas Capital Bancshares were worth $11,237,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Intech Investment Management LLC raised its holdings in shares of Texas Capital Bancshares by 22.1% in the 1st quarter. Intech Investment Management LLC now owns 29,790 shares of the bank’s stock worth $2,225,000 after acquiring an additional 5,393 shares during the last quarter. CWM LLC boosted its stake in Texas Capital Bancshares by 145.1% during the 3rd quarter. CWM LLC now owns 21,909 shares of the bank’s stock valued at $1,852,000 after purchasing an additional 12,971 shares during the last quarter. Voya Investment Management LLC increased its holdings in Texas Capital Bancshares by 297.9% during the 3rd quarter. Voya Investment Management LLC now owns 49,679 shares of the bank’s stock worth $4,199,000 after purchasing an additional 37,195 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Texas Capital Bancshares by 7.2% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,794 shares of the bank’s stock worth $936,000 after purchasing an additional 795 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Texas Capital Bancshares by 12.3% in the second quarter. Bank of New York Mellon Corp now owns 657,626 shares of the bank’s stock worth $52,216,000 after purchasing an additional 71,774 shares during the last quarter. 96.88% of the stock is currently owned by institutional investors and hedge funds.

Texas Capital Bancshares Stock Down 0.3%

TCBI stock opened at $97.19 on Friday. The stock has a market cap of $4.44 billion, a P/E ratio of 15.91, a P/E/G ratio of 0.69 and a beta of 0.67. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.19. The stock’s fifty day simple moving average is $90.91 and its two-hundred day simple moving average is $86.79. Texas Capital Bancshares, Inc. has a 1-year low of $59.37 and a 1-year high of $98.31.

Texas Capital Bancshares (NASDAQ:TCBI) last announced its earnings results on Wednesday, October 22nd. The bank reported $2.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.77 by $0.41. The firm had revenue of $340.35 million during the quarter, compared to analyst estimates of $327.13 million. Texas Capital Bancshares had a return on equity of 9.51% and a net margin of 15.14%.The business’s revenue was up 171.6% compared to the same quarter last year. During the same period last year, the firm posted ($1.41) EPS. Analysts expect that Texas Capital Bancshares, Inc. will post 5.84 EPS for the current year.

Insider Transactions at Texas Capital Bancshares

In related news, Director Robert W. Stallings acquired 5,000 shares of the stock in a transaction on Monday, October 27th. The shares were acquired at an average price of $20.68 per share, with a total value of $103,400.00. Following the completion of the transaction, the director owned 275,913 shares in the company, valued at approximately $5,705,880.84. The trade was a 1.85% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.72% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on TCBI shares. JPMorgan Chase & Co. lifted their target price on Texas Capital Bancshares from $92.00 to $105.00 and gave the company an “underweight” rating in a research report on Tuesday, December 16th. Hovde Group raised their price objective on Texas Capital Bancshares from $85.00 to $93.00 and gave the company a “market perform” rating in a research note on Thursday, October 23rd. DA Davidson reaffirmed a “neutral” rating and set a $91.00 price objective on shares of Texas Capital Bancshares in a report on Thursday, November 20th. Keefe, Bruyette & Woods upped their target price on shares of Texas Capital Bancshares from $98.00 to $100.00 and gave the stock an “outperform” rating in a research note on Monday, October 27th. Finally, Raymond James Financial increased their target price on shares of Texas Capital Bancshares from $98.00 to $105.00 and gave the company an “outperform” rating in a report on Wednesday. Four research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, Texas Capital Bancshares has an average rating of “Hold” and a consensus target price of $91.90.

Texas Capital Bancshares Profile

Texas Capital Bancshares, Inc is a bank holding company headquartered in Dallas, Texas, operating through its wholly owned subsidiary, Texas Capital Bank. The company specializes in providing commercial banking services to middle-market companies, entrepreneurs, professional service firms, real estate developers, and not-for-profit organizations. Its broad range of offerings includes commercial lending, treasury and cash management, real estate finance, equipment finance, and energy lending, all designed to address the unique financial needs of businesses navigating growth and market challenges.

In addition to its core commercial banking capabilities, Texas Capital Bancshares delivers private banking and wealth management services for business owners and high-net-worth individuals.