SG Americas Securities LLC boosted its holdings in shares of Texas Capital Bancshares Inc (NASDAQ:TCBI) by 345.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 47,853 shares of the bank’s stock after purchasing an additional 37,107 shares during the quarter. SG Americas Securities LLC owned about 0.10% of Texas Capital Bancshares worth $4,379,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Sentry Investments Corp. bought a new stake in Texas Capital Bancshares during the 1st quarter valued at approximately $224,000. Silvant Capital Management LLC acquired a new position in Texas Capital Bancshares in the 1st quarter valued at approximately $329,000. Eaton Vance Management raised its holdings in Texas Capital Bancshares by 159.6% in the 1st quarter. Eaton Vance Management now owns 136,956 shares of the bank’s stock valued at $12,312,000 after acquiring an additional 84,190 shares in the last quarter. Citigroup Inc. raised its holdings in Texas Capital Bancshares by 1,968.7% in the 1st quarter. Citigroup Inc. now owns 65,144 shares of the bank’s stock valued at $5,857,000 after acquiring an additional 61,995 shares in the last quarter. Finally, CI Global Investments Inc. acquired a new position in Texas Capital Bancshares in the 1st quarter valued at approximately $4,545,000.

Shares of TCBI opened at $93.00 on Tuesday. Texas Capital Bancshares Inc has a 1 year low of $69.65 and a 1 year high of $103.05. The company has a quick ratio of 1.26, a current ratio of 1.32 and a debt-to-equity ratio of 2.00. The company has a market capitalization of $4.65 billion, a PE ratio of 18.30, a P/E/G ratio of 1.33 and a beta of 1.77.

Texas Capital Bancshares (NASDAQ:TCBI) last issued its earnings results on Wednesday, July 18th. The bank reported $1.38 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.39 by ($0.01). Texas Capital Bancshares had a return on equity of 12.51% and a net margin of 22.15%. The company had revenue of $248.99 million during the quarter, compared to analyst estimates of $242.58 million. During the same period in the previous year, the company posted $0.97 earnings per share. equities research analysts expect that Texas Capital Bancshares Inc will post 6.16 earnings per share for the current year.

TCBI has been the subject of several recent research reports. Wedbush upped their price target on Texas Capital Bancshares from $109.00 to $110.00 and gave the company a “$96.20” rating in a report on Thursday, July 19th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $105.00 price target on shares of Texas Capital Bancshares in a report on Friday, July 20th. Zacks Investment Research raised Texas Capital Bancshares from a “hold” rating to a “buy” rating and set a $107.00 price target for the company in a report on Tuesday, June 19th. ValuEngine raised Texas Capital Bancshares from a “hold” rating to a “buy” rating in a report on Saturday, May 12th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $110.00 price target on shares of Texas Capital Bancshares in a report on Friday, July 20th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $107.00.

Texas Capital Bancshares Profile

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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