Sei Investments Co. Has $9.35 Million Stock Holdings in Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Sei Investments Co. grew its holdings in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 8.5% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 152,887 shares of the bank’s stock after purchasing an additional 12,041 shares during the quarter. Sei Investments Co.’s holdings in Texas Capital Bancshares were worth $9,347,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of TCBI. SummerHaven Investment Management LLC increased its position in Texas Capital Bancshares by 1.9% during the second quarter. SummerHaven Investment Management LLC now owns 13,540 shares of the bank’s stock worth $828,000 after buying an additional 257 shares during the last quarter. CWM LLC increased its holdings in shares of Texas Capital Bancshares by 40.8% during the 2nd quarter. CWM LLC now owns 949 shares of the bank’s stock valued at $58,000 after acquiring an additional 275 shares during the last quarter. ProShare Advisors LLC raised its stake in shares of Texas Capital Bancshares by 3.3% in the 1st quarter. ProShare Advisors LLC now owns 10,804 shares of the bank’s stock valued at $665,000 after acquiring an additional 344 shares in the last quarter. Innealta Capital LLC bought a new position in shares of Texas Capital Bancshares in the 2nd quarter valued at approximately $26,000. Finally, AlphaMark Advisors LLC lifted its holdings in Texas Capital Bancshares by 11.6% in the 2nd quarter. AlphaMark Advisors LLC now owns 5,257 shares of the bank’s stock worth $321,000 after purchasing an additional 546 shares during the last quarter. Institutional investors own 96.88% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on TCBI. Stephens lifted their price target on shares of Texas Capital Bancshares from $73.00 to $75.00 and gave the company an “overweight” rating in a research report on Friday, July 19th. Wedbush boosted their target price on shares of Texas Capital Bancshares from $70.00 to $77.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 24th. Bank of America raised Texas Capital Bancshares from an “underperform” rating to a “buy” rating and raised their price target for the company from $51.00 to $77.00 in a research report on Monday, September 9th. Citigroup reissued a “sell” rating and set a $60.00 price objective on shares of Texas Capital Bancshares in a research report on Monday, July 22nd. Finally, Jefferies Financial Group lowered their target price on Texas Capital Bancshares from $64.00 to $61.00 and set a “hold” rating on the stock in a report on Wednesday, July 3rd. Five analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $69.20.

Texas Capital Bancshares Trading Down 0.3 %

Shares of Texas Capital Bancshares stock opened at $70.47 on Friday. Texas Capital Bancshares, Inc. has a 52-week low of $52.89 and a 52-week high of $74.57. The firm has a market capitalization of $3.26 billion, a PE ratio of 21.35, a price-to-earnings-growth ratio of 1.02 and a beta of 1.13. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.00 and a quick ratio of 0.99. The company’s fifty day moving average price is $65.80 and its two-hundred day moving average price is $61.95.

Texas Capital Bancshares (NASDAQ:TCBI) last posted its earnings results on Thursday, July 18th. The bank reported $0.80 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.06). The business had revenue of $472.49 million during the quarter, compared to the consensus estimate of $268.02 million. Texas Capital Bancshares had a net margin of 8.08% and a return on equity of 6.05%. During the same period in the previous year, the firm earned $1.33 EPS. On average, analysts expect that Texas Capital Bancshares, Inc. will post 3.44 EPS for the current year.

Insider Transactions at Texas Capital Bancshares

In related news, Director Robert W. Stallings purchased 14,000 shares of the stock in a transaction on Wednesday, July 31st. The shares were purchased at an average cost of $19.93 per share, for a total transaction of $279,020.00. Following the completion of the transaction, the director now directly owns 55,294 shares of the company’s stock, valued at approximately $1,102,009.42. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Director Robert W. Stallings bought 14,000 shares of Texas Capital Bancshares stock in a transaction dated Wednesday, July 31st. The shares were bought at an average price of $19.93 per share, for a total transaction of $279,020.00. Following the purchase, the director now owns 55,294 shares of the company’s stock, valued at $1,102,009.42. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert W. Stallings bought 10,000 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The shares were purchased at an average price of $20.46 per share, with a total value of $204,600.00. Following the transaction, the director now directly owns 31,294 shares in the company, valued at $640,275.24. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 43,500 shares of company stock valued at $876,400. Corporate insiders own 0.99% of the company’s stock.

Texas Capital Bancshares 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.