Texas Capital Bancshares, Inc. $TCBI Stock Holdings Trimmed by SG Americas Securities LLC

SG Americas Securities LLC lessened its position in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 65.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,977 shares of the bank’s stock after selling 22,965 shares during the period. SG Americas Securities LLC’s holdings in Texas Capital Bancshares were worth $1,136,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Danske Bank A S bought a new stake in shares of Texas Capital Bancshares in the 3rd quarter valued at approximately $25,000. Farther Finance Advisors LLC lifted its stake in Texas Capital Bancshares by 1,381.8% during the fourth quarter. Farther Finance Advisors LLC now owns 326 shares of the bank’s stock worth $30,000 after purchasing an additional 304 shares during the last quarter. Advisory Services Network LLC bought a new position in Texas Capital Bancshares during the third quarter worth $32,000. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Texas Capital Bancshares by 169.7% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 391 shares of the bank’s stock worth $35,000 after purchasing an additional 246 shares during the period. Finally, Eurizon Capital SGR S.p.A. acquired a new position in Texas Capital Bancshares in the fourth quarter worth $36,000. Institutional investors and hedge funds own 96.88% of the company’s stock.

Texas Capital Bancshares Price Performance

Shares of NASDAQ TCBI opened at $103.95 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market capitalization of $4.54 billion, a PE ratio of 13.97, a P/E/G ratio of 1.49 and a beta of 0.67. Texas Capital Bancshares, Inc. has a 1-year low of $75.41 and a 1-year high of $108.92. The business’s fifty day moving average price is $100.26 and its two-hundred day moving average price is $98.47.

Texas Capital Bancshares (NASDAQ:TCBI) last announced its quarterly earnings results on Thursday, April 23rd. The bank reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.16. The company had revenue of $323.99 million during the quarter, compared to the consensus estimate of $318.10 million. Texas Capital Bancshares had a net margin of 17.71% and a return on equity of 10.76%. The company’s revenue for the quarter was up 15.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.92 earnings per share. On average, research analysts expect that Texas Capital Bancshares, Inc. will post 7.56 EPS for the current year.

Texas Capital Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were given a $0.20 dividend. The ex-dividend date was Monday, June 1st. This represents a $0.80 annualized dividend and a yield of 0.8%. Texas Capital Bancshares’s dividend payout ratio (DPR) is currently 10.75%.

Wall Street Analysts Forecast Growth

TCBI has been the topic of a number of research reports. Royal Bank Of Canada increased their target price on shares of Texas Capital Bancshares from $110.00 to $114.00 and gave the stock a “sector perform” rating in a report on Friday, April 24th. Piper Sandler lifted their price target on shares of Texas Capital Bancshares from $96.00 to $100.00 and gave the company a “neutral” rating in a report on Friday, April 24th. JPMorgan Chase & Co. boosted their price objective on shares of Texas Capital Bancshares from $105.00 to $110.00 and gave the company an “underweight” rating in a research report on Wednesday. Citigroup upgraded shares of Texas Capital Bancshares from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $96.00 to $105.00 in a research note on Tuesday. Finally, Wall Street Zen cut shares of Texas Capital Bancshares from a “hold” rating to a “sell” rating in a report on Saturday, June 27th. Four investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $106.17.

Insider Transactions at Texas Capital Bancshares

In other Texas Capital Bancshares news, insider Anna M. Alvarado sold 3,500 shares of the company’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $100.95, for a total value of $353,325.00. Following the completion of the transaction, the insider owned 23,810 shares in the company, valued at approximately $2,403,619.50. This represents a 12.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Rob C. Holmes sold 49,500 shares of the company’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $101.22, for a total transaction of $5,010,390.00. Following the completion of the transaction, the chief executive officer owned 167,635 shares of the company’s stock, valued at approximately $16,968,014.70. This trade represents a 22.80% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 102,100 shares of company stock valued at $10,366,023 over the last three months. 1.91% of the stock is currently owned by company insiders.

Texas Capital Bancshares Company 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.