Segall Bryant & Hamill LLC Purchases 23,017 Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Segall Bryant & Hamill LLC boosted its holdings in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 4.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 490,018 shares of the bank’s stock after purchasing an additional 23,017 shares during the quarter. Segall Bryant & Hamill LLC owned about 1.06% of Texas Capital Bancshares worth $38,319,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Picton Mahoney Asset Management bought a new stake in shares of Texas Capital Bancshares during the fourth quarter worth about $30,000. Icon Wealth Advisors LLC bought a new position in shares of Texas Capital Bancshares in the third quarter valued at approximately $31,000. Assetmark Inc. purchased a new stake in shares of Texas Capital Bancshares during the fourth quarter valued at approximately $32,000. Venturi Wealth Management LLC bought a new stake in Texas Capital Bancshares during the fourth quarter worth $37,000. Finally, R Squared Ltd purchased a new position in Texas Capital Bancshares in the fourth quarter worth $41,000. Institutional investors and hedge funds own 96.88% of the company’s stock.

Insider Activity at Texas Capital Bancshares

In other news, Director Robert W. Stallings bought 5,670 shares of Texas Capital Bancshares stock in a transaction that occurred on Friday, January 24th. The shares were acquired at an average price of $27.60 per share, with a total value of $156,492.00. Following the completion of the purchase, the director now directly owns 180,893 shares in the company, valued at $4,992,646.80. The trade was a 3.24 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders have purchased 29,402 shares of company stock valued at $653,787 over the last three months. 1.72% of the stock is owned by corporate insiders.

Texas Capital Bancshares Stock Up 2.3 %

TCBI opened at $77.65 on Tuesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.00 and a quick ratio of 1.00. Texas Capital Bancshares, Inc. has a one year low of $54.68 and a one year high of $91.80. The firm has a market capitalization of $3.58 billion, a P/E ratio of 60.66, a price-to-earnings-growth ratio of 0.75 and a beta of 1.13. The company has a fifty day moving average price of $78.32 and a 200-day moving average price of $78.54.

Texas Capital Bancshares (NASDAQ:TCBI) last announced its earnings results on Thursday, January 23rd. The bank reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.36. Texas Capital Bancshares had a return on equity of 9.14% and a net margin of 3.99%. Equities research analysts expect that Texas Capital Bancshares, Inc. will post 5.84 earnings per share for the current fiscal year.

Analyst Ratings Changes

TCBI has been the subject of several research analyst reports. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $95.00 target price (down from $100.00) on shares of Texas Capital Bancshares in a research report on Wednesday, January 29th. Barclays increased their price objective on Texas Capital Bancshares from $60.00 to $71.00 and gave the company an “underweight” rating in a report on Thursday, December 5th. Stephens lowered their target price on Texas Capital Bancshares from $102.00 to $97.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 28th. DA Davidson decreased their price objective on Texas Capital Bancshares from $90.00 to $87.00 and set a “neutral” rating for the company in a report on Friday, January 24th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Texas Capital Bancshares from $81.00 to $80.00 and set an “underweight” rating on the stock in a report on Friday, January 24th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $79.47.

About Texas Capital Bancshares

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.