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

Cambiar Investors LLC decreased its stake in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 7.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,533 shares of the bank’s stock after selling 3,050 shares during the period. Cambiar Investors LLC’s holdings in Texas Capital Bancshares were worth $2,779,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in TCBI. CWM LLC lifted its stake in Texas Capital Bancshares by 69.8% in the 3rd quarter. CWM LLC now owns 1,611 shares of the bank’s stock valued at $115,000 after purchasing an additional 662 shares during the last quarter. Creative Planning bought a new position in Texas Capital Bancshares in the 3rd quarter valued at approximately $440,000. AlphaMark Advisors LLC lifted its stake in Texas Capital Bancshares by 2.6% in the 3rd quarter. AlphaMark Advisors LLC now owns 5,396 shares of the bank’s stock valued at $386,000 after purchasing an additional 139 shares during the last quarter. Blue Trust Inc. lifted its stake in Texas Capital Bancshares by 89.9% in the 3rd quarter. Blue Trust Inc. now owns 357 shares of the bank’s stock valued at $26,000 after purchasing an additional 169 shares during the last quarter. Finally, Tectonic Advisors LLC lifted its stake in Texas Capital Bancshares by 1.1% in the 3rd quarter. Tectonic Advisors LLC now owns 22,818 shares of the bank’s stock valued at $1,631,000 after purchasing an additional 244 shares during the last quarter. Institutional investors own 96.88% of the company’s stock.

Texas Capital Bancshares Price Performance

Shares of NASDAQ TCBI opened at $82.13 on Tuesday. Texas Capital Bancshares, Inc. has a twelve month low of $54.68 and a twelve month high of $91.80. The firm has a fifty day simple moving average of $80.13 and a 200 day simple moving average of $75.57. The company has a market capitalization of $3.80 billion, a PE 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 (NASDAQ:TCBI) last announced its earnings results on Thursday, January 23rd. The bank reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.36. Texas Capital Bancshares had a net margin of 3.99% and a return on equity of 9.14%. On average, sell-side analysts forecast that Texas Capital Bancshares, Inc. will post 5.8 EPS for the current year.

Analyst Ratings Changes

TCBI has been the subject of several research reports. Wedbush reissued a “sector perform” rating on shares of Texas Capital Bancshares in a research note on Friday, October 18th. StockNews.com raised shares of Texas Capital Bancshares from a “sell” rating to a “hold” rating in a research note on Friday, January 31st. Piper Sandler downgraded shares of Texas Capital Bancshares from an “overweight” rating to a “neutral” rating and raised their price target for the company from $77.00 to $82.00 in a research note on Friday, October 18th. DA Davidson dropped their price target on shares of Texas Capital Bancshares from $90.00 to $87.00 and set a “neutral” rating for the company in a research note on Friday, January 24th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Texas Capital Bancshares from $81.00 to $80.00 and set an “underweight” rating for the company in a research note on Friday, January 24th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Texas Capital Bancshares currently has a consensus rating of “Hold” and an average price target of $79.13.

Insiders Place Their Bets

In related news, Director Robert W. Stallings purchased 2,006 shares of Texas Capital Bancshares stock in a transaction on Monday, January 27th. The stock was acquired at an average cost of $20.99 per share, for a total transaction of $42,105.94. Following the completion of the acquisition, the director now owns 182,899 shares of the company’s stock, valued at $3,839,050.01. This trade represents a 1.11 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last ninety days, insiders purchased 22,402 shares of company stock worth $510,777. 0.99% of the stock is currently owned by company insiders.

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.