Cambiar Investors LLC Has $2.78 Million Holdings in Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Cambiar Investors LLC cut its stake in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 7.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 35,533 shares of the bank’s stock after selling 3,050 shares during the period. Cambiar Investors LLC owned approximately 0.08% of Texas Capital Bancshares worth $2,779,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TCBI. Wellington Management Group LLP boosted its stake in Texas Capital Bancshares by 15.4% in the 3rd quarter. Wellington Management Group LLP now owns 1,123,221 shares of the bank’s stock worth $80,265,000 after purchasing an additional 150,301 shares during the period. Jane Street Group LLC lifted its position in Texas Capital Bancshares by 107.2% during the 3rd quarter. Jane Street Group LLC now owns 132,672 shares of the bank’s stock worth $9,481,000 after buying an additional 68,632 shares in the last quarter. Hodges Capital Management Inc. lifted its position in Texas Capital Bancshares by 32.5% during the 4th quarter. Hodges Capital Management Inc. now owns 252,973 shares of the bank’s stock worth $19,782,000 after buying an additional 62,030 shares in the last quarter. Victory Capital Management Inc. lifted its position in Texas Capital Bancshares by 326.6% during the 3rd quarter. Victory Capital Management Inc. now owns 70,103 shares of the bank’s stock worth $5,010,000 after buying an additional 53,669 shares in the last quarter. Finally, Segall Bryant & Hamill LLC lifted its position in Texas Capital Bancshares by 12.6% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 467,001 shares of the bank’s stock worth $33,372,000 after buying an additional 52,095 shares in the last quarter. 96.88% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Texas Capital Bancshares news, Director Robert W. Stallings bought 2,006 shares of the firm’s stock in a transaction on Monday, January 27th. The shares were purchased at an average price of $20.99 per share, for a total transaction of $42,105.94. Following the transaction, the director now directly owns 182,899 shares in the company, valued at approximately $3,839,050.01. This trade represents a 1.11 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have acquired a total of 22,402 shares of company stock worth $510,777 in the last quarter. Corporate insiders own 0.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on TCBI. JPMorgan Chase & Co. cut their price target on shares of Texas Capital Bancshares from $81.00 to $80.00 and set an “underweight” rating on the stock in a research report on Friday, January 24th. Barclays boosted their price target on shares of Texas Capital Bancshares from $60.00 to $71.00 and gave the stock an “underweight” rating in a research report on Thursday, December 5th. Hovde Group boosted their price target on shares of Texas Capital Bancshares from $73.00 to $79.00 and gave the stock a “market perform” rating in a research report on Friday, October 18th. Wedbush reissued a “sector perform” rating on shares of Texas Capital Bancshares in a research report on Friday, October 18th. Finally, Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $95.00 target price (down from $100.00) on shares of Texas Capital Bancshares in a report on Wednesday, January 29th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the stock. According to MarketBeat, Texas Capital Bancshares presently has an average rating of “Hold” and an average target price of $79.13.

Texas Capital Bancshares Stock Down 1.0 %

Texas Capital Bancshares stock opened at $82.13 on Tuesday. The stock has a market cap of $3.80 billion, a P/E ratio of 64.16, a P/E/G ratio of 0.78 and a beta of 1.16. The company has a quick ratio of 1.01, a current ratio of 1.00 and a debt-to-equity ratio of 0.22. Texas Capital Bancshares, Inc. has a twelve month low of $54.68 and a twelve month high of $91.80. The company’s 50-day moving average price is $80.13 and its two-hundred day moving average price is $75.57.

Texas Capital Bancshares (NASDAQ:TCBI) last released its quarterly earnings results on Thursday, January 23rd. The bank reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.36. Texas Capital Bancshares had a net margin of 3.99% and a return on equity of 9.14%. As a group, analysts expect that Texas Capital Bancshares, Inc. will post 5.8 EPS for the current year.

Texas Capital Bancshares Company Profile

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.