Segall Bryant & Hamill LLC Sells 15,826 Shares of Texas Capital Bancshares, Inc. $TCBI

Segall Bryant & Hamill LLC reduced its stake in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 3.8% in the first quarter, Holdings Channel.com reports. The institutional investor owned 402,395 shares of the bank’s stock after selling 15,826 shares during the period. Segall Bryant & Hamill LLC’s holdings in Texas Capital Bancshares were worth $38,179,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. T. Rowe Price Investment Management Inc. grew its holdings in shares of Texas Capital Bancshares by 1.3% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,376,880 shares of the bank’s stock worth $305,743,000 after acquiring an additional 43,003 shares during the period. AQR Capital Management LLC increased its stake in shares of Texas Capital Bancshares by 16.4% during the fourth quarter. AQR Capital Management LLC now owns 2,234,678 shares of the bank’s stock valued at $202,328,000 after purchasing an additional 315,484 shares in the last quarter. Geode Capital Management LLC raised its stake in Texas Capital Bancshares by 2.9% during the fourth quarter. Geode Capital Management LLC now owns 1,197,494 shares of the bank’s stock valued at $108,436,000 after buying an additional 33,709 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Texas Capital Bancshares by 2.2% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 847,583 shares of the bank’s stock worth $76,740,000 after purchasing an additional 18,258 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in Texas Capital Bancshares by 2.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 596,149 shares of the bank’s stock worth $53,975,000 after buying an additional 12,486 shares during the last quarter. 96.88% of the stock is owned by institutional investors.

Texas Capital Bancshares Price Performance

Shares of Texas Capital Bancshares stock opened at $98.85 on Friday. The stock’s fifty day moving average is $101.36 and its 200 day moving average is $99.60. Texas Capital Bancshares, Inc. has a one year low of $75.41 and a one year high of $108.92. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a market cap of $4.30 billion, a P/E ratio of 12.85, a P/E/G ratio of 1.21 and a beta of 0.67.

Texas Capital Bancshares (NASDAQ:TCBI) last issued its quarterly earnings results on Wednesday, July 22nd. The bank reported $1.88 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $335.50 million during the quarter, compared to analysts’ expectations of $333.37 million. During the same quarter in the prior year, the business posted $1.63 earnings per share. The business’s quarterly revenue was up 9.1% on a year-over-year basis. Sell-side analysts anticipate that Texas Capital Bancshares, Inc. will post 7.33 earnings per share for the current year.

Texas Capital Bancshares Dividend Announcement

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

Insider Buying and Selling

In other Texas Capital Bancshares news, insider Ellen Detrich sold 2,045 shares of the company’s stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $100.03, for a total value of $204,561.35. Following the completion of the transaction, the insider directly owned 7,529 shares in the company, valued at $753,125.87. This represents a 21.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Rob C. Holmes sold 49,500 shares of the stock in a transaction on 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 sale, the chief executive officer directly 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 104,145 shares of company stock valued at $10,570,584. 1.91% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

TCBI has been the topic of a number of research analyst reports. TD Cowen lowered their price target on Texas Capital Bancshares from $109.00 to $106.00 and set a “hold” rating on the stock in a report on Monday, July 27th. Wall Street Zen cut shares of Texas Capital Bancshares from a “hold” rating to a “sell” rating in a report on Saturday, June 27th. Weiss Ratings restated a “buy (b)” rating on shares of Texas Capital Bancshares in a research report on Monday, July 6th. JPMorgan Chase & Co. raised their target price on shares of Texas Capital Bancshares from $105.00 to $110.00 and gave the stock an “underweight” rating in a report on Wednesday, July 1st. Finally, Fundamental Research set a $110.00 target price on shares of Texas Capital Bancshares in a research report on Wednesday, July 1st. Four research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Texas Capital Bancshares presently has a consensus rating of “Hold” and a consensus target price of $105.83.

About Texas Capital Bancshares

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.