Skandinaviska Enskilda Banken AB publ Makes New Investment in Texas Capital Bancshares, Inc. $TCBI

Skandinaviska Enskilda Banken AB publ bought a new position in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 14,236 shares of the bank’s stock, valued at approximately $1,203,000.

Other hedge funds have also modified their holdings of the company. GAMMA Investing LLC boosted its position in Texas Capital Bancshares by 10.0% during the third quarter. GAMMA Investing LLC now owns 1,332 shares of the bank’s stock worth $113,000 after acquiring an additional 121 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its stake in Texas Capital Bancshares by 4.5% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 2,902 shares of the bank’s stock worth $245,000 after purchasing an additional 126 shares in the last quarter. Arizona State Retirement System boosted its holdings in shares of Texas Capital Bancshares by 0.9% during the 3rd quarter. Arizona State Retirement System now owns 13,575 shares of the bank’s stock worth $1,147,000 after purchasing an additional 126 shares during the last quarter. PNC Financial Services Group Inc. grew its position in shares of Texas Capital Bancshares by 4.0% in the third quarter. PNC Financial Services Group Inc. now owns 3,665 shares of the bank’s stock valued at $310,000 after purchasing an additional 142 shares in the last quarter. Finally, Teacher Retirement System of Texas increased its holdings in shares of Texas Capital Bancshares by 2.1% in the third quarter. Teacher Retirement System of Texas now owns 7,149 shares of the bank’s stock valued at $604,000 after purchasing an additional 144 shares during the last quarter. 96.88% of the stock is currently owned by institutional investors and hedge funds.

Texas Capital Bancshares Price Performance

Shares of TCBI opened at $105.02 on Friday. The firm has a 50-day simple moving average of $98.24 and a two-hundred day simple moving average of $90.29. The stock has a market cap of $4.64 billion, a PE ratio of 15.44, a P/E/G ratio of 0.51 and a beta of 0.68. Texas Capital Bancshares, Inc. has a 1-year low of $59.37 and a 1-year high of $108.92. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.00 and a quick ratio of 1.00.

Texas Capital Bancshares (NASDAQ:TCBI) last issued its quarterly earnings data on Thursday, January 22nd. The bank reported $2.08 EPS 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 analyst estimates of $324.09 million. During the same period in the prior year, the business posted $1.43 EPS. As a group, analysts forecast that Texas Capital Bancshares, Inc. will post 5.84 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Zacks Research raised Texas Capital Bancshares from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 2nd. Royal Bank Of Canada boosted their price target on shares of Texas Capital Bancshares from $105.00 to $110.00 and gave the company a “sector perform” rating in a research report on Friday, January 23rd. Weiss Ratings restated a “buy (b-)” rating on shares of Texas Capital Bancshares in a research report on Wednesday, January 28th. Citigroup lifted their target price on shares of Texas Capital Bancshares from $75.00 to $88.00 and gave the stock a “sell” rating in a research note on Monday, January 26th. Finally, Piper Sandler increased their price target on shares of Texas Capital Bancshares from $86.00 to $96.00 and gave the company a “neutral” rating in a research note on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $101.17.

Insider Buying and Selling at Texas Capital Bancshares

In other news, Director Laura L. Whitley bought 500 shares of the stock in a transaction that occurred on Monday, January 26th. The stock was bought at an average cost of $97.51 per share, for a total transaction of $48,755.00. Following the acquisition, the director directly owned 7,961 shares of the company’s stock, valued at $776,277.11. The trade was a 6.70% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Robert W. Stallings bought 2,000 shares of the company’s stock in a transaction on Friday, January 23rd. The stock was purchased at an average cost of $20.91 per share, with a total value of $41,820.00. Following the completion of the transaction, the director owned 277,913 shares in the company, valued at $5,811,160.83. This represents a 0.72% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders have bought 3,000 shares of company stock valued at $139,355. Company insiders own 1.72% of the company’s stock.

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.