Sei Investments Co. Has $21.12 Million Position in Texas Capital Bancshares, Inc. $TCBI

Sei Investments Co. lifted its holdings in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 64.9% during the first quarter, HoldingsChannel reports. The firm owned 222,565 shares of the bank’s stock after purchasing an additional 87,617 shares during the period. Sei Investments Co.’s holdings in Texas Capital Bancshares were worth $21,117,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the business. Danske Bank A S acquired a new stake in Texas Capital Bancshares in the 3rd quarter valued at approximately $25,000. Farther Finance Advisors LLC increased its position in Texas Capital Bancshares by 1,381.8% in the 4th quarter. Farther Finance Advisors LLC now owns 326 shares of the bank’s stock worth $30,000 after buying an additional 304 shares during the period. Root Financial Partners LLC lifted its holdings in shares of Texas Capital Bancshares by 85.2% during the first quarter. Root Financial Partners LLC now owns 326 shares of the bank’s stock worth $31,000 after buying an additional 150 shares during the last quarter. Advisory Services Network LLC acquired a new position in shares of Texas Capital Bancshares during the third quarter worth approximately $32,000. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of 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 valued at $35,000 after acquiring an additional 246 shares during the period. Institutional investors own 96.88% of the company’s stock.

Insider Activity

In other news, insider Anna M. Alvarado sold 3,500 shares of Texas Capital Bancshares stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $100.95, for a total transaction of $353,325.00. Following the sale, the insider directly owned 23,810 shares in the company, valued at approximately $2,403,619.50. The trade was a 12.82% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Rob C. Holmes sold 49,500 shares of the 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 directly owned 167,635 shares of the company’s stock, valued at $16,968,014.70. This trade represents a 22.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 104,145 shares of company stock worth $10,570,584. Corporate insiders own 1.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on TCBI. Wall Street Zen lowered shares of Texas Capital Bancshares from a “hold” rating to a “sell” rating in a research report on Saturday, June 27th. JPMorgan Chase & Co. increased their price target on shares of Texas Capital Bancshares from $105.00 to $110.00 and gave the company an “underweight” rating in a report on Wednesday, July 1st. Royal Bank Of Canada raised their price target on shares of Texas Capital Bancshares from $110.00 to $114.00 and gave the stock a “sector perform” rating in a research report on Friday, April 24th. TD Cowen dropped their price objective on shares of Texas Capital Bancshares from $109.00 to $106.00 and set a “hold” rating on the stock in a report on Monday. Finally, Piper Sandler upped their price objective on shares of Texas Capital Bancshares from $96.00 to $100.00 and gave the company a “neutral” rating in a research report on Friday, April 24th. Four research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $105.83.

Texas Capital Bancshares Stock Performance

Shares of NASDAQ TCBI opened at $98.71 on Wednesday. The business has a fifty day simple moving average of $101.38 and a 200 day simple moving average of $99.59. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $4.29 billion, a price-to-earnings ratio of 12.84, a PEG ratio of 1.44 and a beta of 0.67. Texas Capital Bancshares, Inc. has a one year low of $75.41 and a one year high of $108.92.

Texas Capital Bancshares (NASDAQ:TCBI) last issued its earnings results on Wednesday, July 22nd. The bank reported $1.88 EPS for the quarter, topping the consensus estimate of $1.87 by $0.01. Texas Capital Bancshares had a return on equity of 10.86% and a net margin of 17.90%.The firm had revenue of $335.50 million during the quarter, compared to analysts’ expectations of $333.37 million. During the same period last year, the business earned $1.63 earnings per share. Texas Capital Bancshares’s quarterly revenue was up 9.1% compared to the same quarter last year. Sell-side analysts expect that Texas Capital Bancshares, Inc. will post 7.41 EPS for the current year.

Texas Capital Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Tuesday, September 1st. Texas Capital Bancshares’s dividend payout ratio (DPR) is presently 10.40%.

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.