Cambiar Investors LLC Reduced Its Stake in Texas Capital Bancshares, Inc.

Cambiar Investors LLC has decreased its stake in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 7.9% during the fourth quarter, as revealed in their latest filing with the Securities and Exchange Commission. Following the sale of 3,050 shares, the firm now holds 35,533 shares of the bank's stock, which represents an ownership of approximately 0.08% and is valued at around $2.78 million.

Additionally, other institutional investors and hedge funds have also adjusted their positions in Texas Capital Bancshares recently. For instance, Wellington Management Group LLP raised its stake by 15.4% in the third quarter, acquiring 1,123,221 shares valued at $80.27 million after adding 150,301 shares during that period. Meanwhile, Jane Street Group LLC increased its holdings by 107.2%, now owning 132,672 shares worth $9.48 million after purchasing 68,632 additional shares.

Hodges Capital Management Inc. has also boosted its position by 32.5% in the fourth quarter, owning 252,973 shares valued at $19.78 million after buying an extra 62,030 shares. Victory Capital Management Inc. saw a substantial 326.6% increase, with 70,103 shares worth $5.01 million following an acquisition of 53,669 shares. Furthermore, Segall Bryant & Hamill LLC increased its stake by 12.6%, owning 467,001 shares valued at approximately $33.37 million, after purchasing 52,095 additional shares. Notably, institutional investors and hedge funds together own about 96.88% of Texas Capital Bancshares stock.

Insider Activity

In related news on Texas Capital Bancshares, Director Robert W. Stallings acquired 2,006 shares of the company on January 27th at an average price of $20.99 per share, culminating in a total investment of approximately $42,105.94. Post-transaction, Stallings holds 182,899 shares valued around $3.84 million, marking a 1.11% increase in his stake. This transaction was disclosed in a document filed with the Securities and Exchange Commission.

Brokerage Insights

Several brokerages have recently commented on Texas Capital Bancshares. JPMorgan Chase & Co. reduced its price target from $81.00 to $80.00 and designated the stock with an "underweight" rating as of January 24th. Conversely, Barclays raised their price target from $60.00 to $71.00 but still gave the stock an "underweight" rating. Hovde Group increased their price target from $73.00 to $79.00 while maintaining a "market perform" rating. Wedbush reaffirmed a "sector perform" rating, and Keefe, Bruyette & Woods set an "outperform" rating with a target price of $95.00, decreased from $100.00. Among investment analysts, the stock has received three sell ratings, nine hold ratings, and four buy ratings, resulting in an average rating of "Hold" with an average target price of $79.13.

Current Stock Performance

Texas Capital Bancshares Stock Overview

As of Tuesday, Texas Capital Bancshares shares opened at $82.13, having a market capitalization of $3.80 billion, a P/E ratio of 64.16, and a P/E/G ratio of 0.78, with a beta of 1.16. The company’s twelve-month low reached $54.68 while the high was $91.80. As for moving averages, the 50-day is currently at $80.13, and the 200-day moving average sits at $75.57. On January 23rd, Texas Capital Bancshares announced their quarterly earnings, reporting $1.43 earnings per share, surpassing the expected $1.07 by $0.36. Their net margin stands at 3.99%, with a return on equity of 9.14%. Analysts forecast an EPS of 5.8 for the current year.

About Texas Capital Bancshares

Texas Capital Bancshares, Inc. acts as the holding company for Texas Capital Bank. It operates as a full-service financial institution offering tailored solutions for businesses, entrepreneurs, and individual customers. Its services span commercial and consumer banking, investment banking, and wealth management, providing an array of products such as capital markets, financial planning, and estate planning services.

Conclusion

In conclusion, Cambiar Investors LLC has strategically reduced its investment in Texas Capital Bancshares, joining a trend of institutional investors reassessing their stakes in the bank. As the financial landscape evolves, it remains essential for both institutional and retail investors to stay informed on the latest developments and performance indicators.

Investors, Stake, Texas, Bank, Shares