Texas Capital Bancshares, Inc. $TCBI Shares Sold by Citigroup Inc.

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Citigroup Inc. sold 23.2% of its stake in Texas Capital Bancshares, reducing its holdings to 68,507 shares worth $5.79 million, while other institutional investors like AQR Capital and Norges Bank increased their positions. Despite mixed analyst ratings, with a consensus “Hold” and average price target of $101.17, Texas Capital Bancshares recently reported an earnings beat, with EPS of $2.08 against an expected $1.78. The bank, which focuses on commercial banking services for middle-market companies and offers private banking, trades with a market cap of $4.26 billion and a PE ratio of 14.18.

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