SG Americas Securities LLC reduced its position in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 30.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,563 shares of the bank’s stock after selling 4,191 shares during the period. SG Americas Securities LLC’s holdings in Texas Capital Bancshares were worth $821,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in TCBI. Koch Industries Inc. purchased a new stake in shares of Texas Capital Bancshares during the 2nd quarter worth $661,000. Balyasny Asset Management LLC raised its stake in Texas Capital Bancshares by 474.5% during the 2nd quarter. Balyasny Asset Management LLC now owns 657,805 shares of the bank’s stock worth $50,914,000 after acquiring an additional 543,299 shares in the last quarter. State Street Corp raised its stake in Texas Capital Bancshares by 14.8% during the 2nd quarter. State Street Corp now owns 3,497,607 shares of the bank’s stock worth $270,711,000 after acquiring an additional 449,797 shares in the last quarter. Capital Research Global Investors raised its stake in Texas Capital Bancshares by 26.5% during the 2nd quarter. Capital Research Global Investors now owns 2,127,895 shares of the bank’s stock worth $164,699,000 after acquiring an additional 445,248 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in Texas Capital Bancshares by 37.2% during the 2nd quarter. American Century Companies Inc. now owns 1,619,357 shares of the bank’s stock worth $125,338,000 after acquiring an additional 438,887 shares in the last quarter.
Texas Capital Bancshares, Inc. (TCBI) opened at $90.25 on Tuesday. The company has a quick ratio of 1.22, a current ratio of 1.27 and a debt-to-equity ratio of 1.44. The company has a market cap of $4,511.05, a price-to-earnings ratio of 23.61, a price-to-earnings-growth ratio of 1.88 and a beta of 1.66. Texas Capital Bancshares, Inc. has a one year low of $69.65 and a one year high of $95.20.
Several brokerages recently commented on TCBI. BidaskClub lowered shares of Texas Capital Bancshares from a “sell” rating to a “strong sell” rating in a research note on Monday, August 14th. SunTrust Banks reiterated a “buy” rating and set a $100.00 price target on shares of Texas Capital Bancshares in a research note on Wednesday, November 29th. Zacks Investment Research lowered shares of Texas Capital Bancshares from a “buy” rating to a “hold” rating in a research note on Wednesday, September 20th. ValuEngine lowered shares of Texas Capital Bancshares from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, Wedbush lowered shares of Texas Capital Bancshares from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $88.00 to $87.00 in a research note on Wednesday, October 4th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $91.87.
In other Texas Capital Bancshares news, COO Peter B. Bartholow sold 3,500 shares of Texas Capital Bancshares stock in a transaction on Friday, October 20th. The shares were sold at an average price of $87.52, for a total value of $306,320.00. Following the transaction, the chief operating officer now directly owns 34,171 shares in the company, valued at $2,990,645.92. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.47% of the company’s stock.
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Texas Capital Bancshares 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 loan, deposit account and other financial products and services to its customers. It offers a range of products and services for its business customers, including commercial loans for general corporate purposes, including financing for working capital, internal growth, acquisitions and financing for business insurance premiums; medium- and long-term tax-exempt loans for municipalities and other governmental and tax-exempt entities; wealth management and trust services, and letters of credit.
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