• Thu. Nov 24th, 2022

Should You Consider Buying Texas Capital (TCBI) Stock Now?

ByRobin H. Purcell

Nov 24, 2022

Bernzott Capital Advisors, an investment management company, has released its US Small Cap Value Fund Investor Letter for Q3 2022 – a copy of which can be downloaded here. During the third quarter of the year the portfolio fell -9.48% (net), underperforming the R2000V’s -4.6% fall and the R2500V’s -4.5% fall. Try taking some time to review the fund’s top 5 holdings so you can get an idea of ​​the best stock picks in 2022.

In its Q3 2022 investor letter, Bernzott Capital Advisors US Small Cap Value Fund mentioned Texas Capital Bancshares, Inc. (NASDAQ:TCBI) and explained his findings for the company. Texas Capital Bancshares, Inc. (NASDAQ:TCBI), incorporated in 1996, is a Dallas, Texas-based bank holding company with a market capitalization of $2.9 billion. Texas Capital Bancshares, Inc. (NASDAQ:TCBI) returned -1.96% year-to-date, while 12-month returns are down -2.73%. The stock closed on November 23, 2022 at $59.07 per share.

Here’s what Bernzott Capital Advisors US Small Cap Value Fund has to say about Texas Capital Bancshares, Inc. (NASDAQ:TCBI) in its Q3 2022 Investor Letter:

Texas Capital Bank Stocks (NASDAQ:TCBI): The current CEO joined in January 2020 after a successful career at JPMorgan Chase. He has launched a plan for renewed growth with initiatives including doubling the number of frontline bankers, improving C&I client coverage and expanding treasury and private wealth services. The Dallas-based bank benefits from its strong regional market. In September, the company announced the sale of a non-core insurance unit as part of its transformation. Successful execution should drive earnings growth and stock appreciation should be amplified by multiple expansion as TCBI trades at price-to-tangible book value of less than 0.8 times the comparable price.”



Our calculations show that Texas Capital Bancshares, Inc. (NASDAQ:TCBI) was the laggard and did not make our list of The 30 most popular stocks among hedge funds. Texas Capital Bancshares, Inc. (NASDAQ:TCBI) had exposure to 24 hedge fund portfolios at the end of the second quarter of 2022, compared to 19 funds in the prior quarter. Texas Capital Bancshares, Inc. (NASDAQ:TCBI) returned -3.83% over the past 3 months.

In November 2022, we also shared another hedge fund’s views on Texas Capital Bancshares, Inc. (NASDAQ:TCBI). another article. You can find more investor letters from hedge funds and prominent investors on our Hedge Fund Investor Letters 2022 Q3 Side.

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Disclosure: None. This article was originally published on Insider Monkey.