SG Americas Securities LLC Trims Stock Position in Texas Capital Bancshares, Inc. $TCBI

Key Points

• SG Americas Securities LLC cut its stake in Texas Capital Bancshares by 73.7% in Q4, selling 97,992 shares and ending the period with 34,942 shares worth about $3.16 million (≈0.08% of the company).
• Several large institutions added to or initiated positions — including AQR (+25.1%), Azora, MFS, Norges Bank (new stake) and Goldman Sachs — leaving institutional ownership at roughly 96.88%.
• Company insiders have been buyers (directors Paola Arbour and Laura Whitley recently purchased shares; insiders bought 49,500 shares in the last 90 days and now own ~1.91%), while analysts hold a consensus "Hold" rating with a $100.75 price target after the bank reported an EPS beat of $2.08 vs. $1.78.

SG Americas Securities LLC cut its holdings in Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) by 73.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 34,942 shares of the bank's stock after selling 97,992 shares during the period. SG Americas Securities LLC owned 0.08% of Texas Capital Bancshares worth $3,164,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. AQR Capital Management LLC raised its position in Texas Capital Bancshares by 25.1% in the third quarter. AQR Capital Management LLC now owns 1,919,194 shares of the bank's stock valued at $162,229,000 after purchasing an additional 384,748 shares during the period. Azora Capital LP increased its position in shares of Texas Capital Bancshares by 11.5% during the 3rd quarter. Azora Capital LP now owns 1,036,613 shares of the bank's stock worth $87,625,000 after purchasing an additional 106,599 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Texas Capital Bancshares by 0.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 829,325 shares of the bank's stock valued at $70,103,000 after buying an additional 3,522 shares during the period. Norges Bank purchased a new stake in Texas Capital Bancshares in the 2nd quarter valued at about $45,364,000. Finally, Goldman Sachs Group Inc. lifted its position in Texas Capital Bancshares by 3.7% in the first quarter. Goldman Sachs Group Inc. now owns 560,070 shares of the bank's stock valued at $41,837,000 after buying an additional 20,231 shares during the last quarter. 96.88% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Texas Capital Bancshares

In related news, Director Paola M. Arbour acquired 1,000 shares of Texas Capital Bancshares stock in a transaction dated Wednesday, March 11th. The shares were acquired at an average cost of $91.50 per share, for a total transaction of $91,500.00. Following the completion of the purchase, the director owned 6,671 shares in the company, valued at approximately $610,396.50. The trade was a 17.63% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Laura L. Whitley bought 500 shares of the firm's stock in a transaction that occurred on Monday, January 26th. The stock was bought at an average price of $97.51 per share, with a total value of $48,755.00. Following the completion of the acquisition, the director owned 7,961 shares of the company's stock, valued at $776,277.11. This trade represents a 6.70% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders have purchased 49,500 shares of company stock valued at $1,252,855. 1.91% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on TCBI. Hovde Group lifted their price target on shares of Texas Capital Bancshares from $93.00 to $102.00 and gave the company a "market perform" rating in a research report on Tuesday, January 27th. JPMorgan Chase & Co. lowered their price objective on shares of Texas Capital Bancshares from $105.00 to $100.00 and set an "underweight" rating for the company in a research report on Wednesday. Raymond James Financial boosted their target price on Texas Capital Bancshares from $98.00 to $105.00 and gave the company an "outperform" rating in a research report on Wednesday, January 7th. Stephens upped their price target on Texas Capital Bancshares from $111.00 to $114.00 and gave the stock an "overweight" rating in a research note on Friday, January 23rd. Finally, Citigroup raised their price target on Texas Capital Bancshares from $75.00 to $88.00 and gave the stock a "sell" rating in a research report on Monday, January 26th. Four research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $100.75.

Texas Capital Bancshares Stock Performance

NASDAQ TCBI opened at $95.97 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.00 and a current ratio of 1.00. The firm has a market cap of $4.24 billion, a price-to-earnings ratio of 14.11, a PEG ratio of 0.46 and a beta of 0.67. The firm has a 50 day simple moving average of $97.73 and a 200-day simple moving average of $92.20. Texas Capital Bancshares, Inc. has a one year low of $59.37 and a one year high of $108.92.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last announced its earnings results on Thursday, January 22nd. The bank reported $2.08 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.30. Texas Capital Bancshares had a net margin of 16.52% and a return on equity of 10.05%. The firm had revenue of $327.48 million for the quarter, compared to the consensus estimate of $324.09 million. During the same period in the prior year, the firm earned $1.43 EPS. Equities research analysts anticipate that Texas Capital Bancshares, Inc. will post 5.84 EPS for the current fiscal year.

About Texas Capital Bancshares

Texas Capital Bancshares, Inc is a bank holding company headquartered in Dallas, Texas, operating through its wholly owned subsidiary, Texas Capital Bank. The company specializes in providing commercial banking services to middle-market companies, entrepreneurs, professional service firms, real estate developers, and not-for-profit organizations. Its broad range of offerings includes commercial lending, treasury and cash management, real estate finance, equipment finance, and energy lending, all designed to address the unique financial needs of businesses navigating growth and market challenges.

In addition to its core commercial banking capabilities, Texas Capital Bancshares delivers private banking and wealth management services for business owners and high-net-worth individuals.

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