SG Americas Securities LLC Sells 12,280 Shares of Texas Capital Bancshares Inc (TCBI)

SG Americas Securities LLC decreased its holdings in Texas Capital Bancshares Inc (NASDAQ:TCBI) by 25.7% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 35,573 shares of the bank’s stock after selling 12,280 shares during the period. SG Americas Securities LLC’s holdings in Texas Capital Bancshares were worth $2,940,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of TCBI. Crossmark Global Holdings Inc. increased its position in shares of Texas Capital Bancshares by 10.8% during the second quarter. Crossmark Global Holdings Inc. now owns 6,380 shares of the bank’s stock worth $584,000 after purchasing an additional 620 shares in the last quarter. Rhumbline Advisers increased its position in shares of Texas Capital Bancshares by 0.6% during the second quarter. Rhumbline Advisers now owns 111,693 shares of the bank’s stock worth $10,220,000 after purchasing an additional 668 shares in the last quarter. Oregon Public Employees Retirement Fund increased its position in shares of Texas Capital Bancshares by 4.1% during the second quarter. Oregon Public Employees Retirement Fund now owns 19,355 shares of the bank’s stock worth $1,771,000 after purchasing an additional 759 shares in the last quarter. Arizona State Retirement System increased its position in shares of Texas Capital Bancshares by 2.6% during the second quarter. Arizona State Retirement System now owns 34,488 shares of the bank’s stock worth $3,156,000 after purchasing an additional 868 shares in the last quarter. Finally, US Bancorp DE increased its position in shares of Texas Capital Bancshares by 55.6% during the third quarter. US Bancorp DE now owns 3,508 shares of the bank’s stock worth $290,000 after purchasing an additional 1,254 shares in the last quarter.

In other Texas Capital Bancshares news, insider Vince A. Ackerson purchased 2,000 shares of the stock in a transaction on Friday, October 19th. The shares were bought at an average cost of $67.00 per share, with a total value of $134,000.00. Following the completion of the acquisition, the insider now owns 28,485 shares in the company, valued at $1,908,495. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO C Keith Cargill purchased 3,000 shares of the stock in a transaction on Friday, October 19th. The stock was acquired at an average cost of $67.59 per share, for a total transaction of $202,770.00. Following the completion of the acquisition, the chief executive officer now owns 90,880 shares of the company’s stock, valued at approximately $6,142,579.20. The disclosure for this purchase can be found here. 0.48% of the stock is currently owned by corporate insiders.

Shares of TCBI opened at $58.34 on Monday. The firm has a market cap of $2.93 billion, a PE ratio of 14.30, a P/E/G ratio of 0.94 and a beta of 1.86. The company has a debt-to-equity ratio of 1.58, a quick ratio of 1.21 and a current ratio of 1.29. Texas Capital Bancshares Inc has a 1-year low of $57.21 and a 1-year high of $103.05.

Texas Capital Bancshares (NASDAQ:TCBI) last posted its quarterly earnings results on Wednesday, October 17th. The bank reported $1.65 EPS for the quarter, missing the consensus estimate of $1.72 by ($0.07). Texas Capital Bancshares had a net margin of 23.10% and a return on equity of 13.36%. The business had revenue of $257.69 million during the quarter, compared to analysts’ expectations of $257.14 million. During the same period in the previous year, the company posted $1.12 earnings per share. Sell-side analysts anticipate that Texas Capital Bancshares Inc will post 6.01 EPS for the current fiscal year.

A number of brokerages have recently issued reports on TCBI. TheStreet downgraded Texas Capital Bancshares from a “b-” rating to a “c+” rating in a research report on Tuesday, November 20th. Zacks Investment Research raised Texas Capital Bancshares from a “sell” rating to a “hold” rating in a research report on Friday, October 19th. Compass Point raised Texas Capital Bancshares to a “buy” rating and reduced their price target for the stock from $103.00 to $84.00 in a research report on Thursday, November 15th. UBS Group raised Texas Capital Bancshares from a “sell” rating to a “neutral” rating and reduced their price target for the stock from $76.00 to $70.00 in a research report on Wednesday, October 24th. They noted that the move was a valuation call. Finally, Raymond James dropped their price objective on shares of Texas Capital Bancshares from $105.00 to $90.00 and set an “outperform” rating on the stock in a report on Thursday, October 18th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $96.82.

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About Texas Capital Bancshares

Texas Capital Bancshares, Inc operates as the bank holding company for Texas Capital Bank, National Association that provides various banking products and services for commercial businesses, and professionals and entrepreneurs. It offers business deposit products and services, including commercial checking accounts, lockbox accounts, and cash concentration accounts, as well as other treasury management services, including information services, wire transfer initiation, ACH initiation, account transfer, and service integration; and consumer deposit products, such as checking accounts, savings accounts, money market accounts, and certificates of deposit.

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Institutional Ownership by Quarter for Texas Capital Bancshares (NASDAQ:TCBI)

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