Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Receives Consensus Rating of “Hold” from Analysts

by · The Cerbat Gem

Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI – Get Free Report) have been given a consensus rating of “Hold” by the fifteen analysts that are currently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is $69.13.

A number of brokerages have recently commented on TCBI. Jefferies Financial Group dropped their target price on shares of Texas Capital Bancshares from $64.00 to $61.00 and set a “hold” rating on the stock in a report on Wednesday, July 3rd. JPMorgan Chase & Co. decreased their target price on Texas Capital Bancshares from $73.00 to $72.00 and set an “underweight” rating for the company in a research report on Wednesday. Stephens boosted their price target on Texas Capital Bancshares from $73.00 to $75.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. DA Davidson boosted their price objective on Texas Capital Bancshares from $65.00 to $74.00 and gave the company a “neutral” rating in a research note on Monday, September 9th. Finally, Keefe, Bruyette & Woods restated an “outperform” rating and issued a $74.00 price target on shares of Texas Capital Bancshares in a research note on Monday, September 9th.

Read Our Latest Research Report on Texas Capital Bancshares

Insider Activity at Texas Capital Bancshares

In other Texas Capital Bancshares news, Director Robert W. Stallings bought 10,000 shares of Texas Capital Bancshares stock in a transaction on Monday, July 29th. The shares were acquired at an average price of $20.46 per share, for a total transaction of $204,600.00. Following the completion of the purchase, the director now directly owns 31,294 shares in the company, valued at approximately $640,275.24. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Texas Capital Bancshares news, Director Robert W. Stallings purchased 14,000 shares of the company’s stock in a transaction dated Wednesday, July 31st. The shares were acquired at an average price of $19.93 per share, for a total transaction of $279,020.00. Following the completion of the purchase, the director now owns 55,294 shares of the company’s stock, valued at approximately $1,102,009.42. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Robert W. Stallings purchased 10,000 shares of the company’s stock in a transaction dated Monday, July 29th. The shares were acquired at an average price of $20.46 per share, for a total transaction of $204,600.00. Following the purchase, the director now directly owns 31,294 shares of the company’s stock, valued at approximately $640,275.24. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 43,500 shares of company stock worth $876,400. Company insiders own 0.99% of the company’s stock.

Institutional Investors Weigh In On Texas Capital Bancshares

A number of large investors have recently modified their holdings of the business. Innealta Capital LLC acquired a new position in Texas Capital Bancshares in the second quarter valued at approximately $26,000. CWM LLC increased its position in shares of Texas Capital Bancshares by 426.6% in the first quarter. CWM LLC now owns 674 shares of the bank’s stock valued at $41,000 after buying an additional 546 shares in the last quarter. Mather Group LLC. purchased a new stake in shares of Texas Capital Bancshares in the first quarter valued at approximately $50,000. Fidelis Capital Partners LLC purchased a new stake in shares of Texas Capital Bancshares in the first quarter valued at approximately $54,000. Finally, Headlands Technologies LLC increased its position in shares of Texas Capital Bancshares by 80.4% in the first quarter. Headlands Technologies LLC now owns 2,910 shares of the bank’s stock valued at $179,000 after buying an additional 1,297 shares in the last quarter. Hedge funds and other institutional investors own 96.88% of the company’s stock.

Texas Capital Bancshares Stock Up 2.9 %

Shares of NASDAQ TCBI opened at $75.79 on Monday. Texas Capital Bancshares has a one year low of $52.89 and a one year high of $76.26. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.00 and a quick ratio of 0.99. The firm’s 50 day simple moving average is $67.16 and its two-hundred day simple moving average is $62.82. The stock has a market capitalization of $3.50 billion, a P/E ratio of 27.36, a PEG ratio of 0.94 and a beta of 1.13.

Texas Capital Bancshares (NASDAQ:TCBI – Get Free Report) last issued its quarterly earnings data on Thursday, July 18th. The bank reported $0.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.06). The company had revenue of $472.49 million for the quarter, compared to analysts’ expectations of $268.02 million. Texas Capital Bancshares had a net margin of 8.08% and a return on equity of 6.05%. During the same period in the previous year, the firm posted $1.33 earnings per share. As a group, analysts expect that Texas Capital Bancshares will post 3.5 EPS for the current fiscal year.

About Texas Capital Bancshares

(Get Free Report

Texas Capital Bancshares, Inc operates as the bank holding company for Texas Capital Bank, is a full-service financial services firm that delivers customized solutions to businesses, entrepreneurs, and individual customers. The company offers commercial banking; consumer banking; investment banking solutions, including capital markets, mergers and acquisitions, and syndicated finance, as well as financial sponsor coverage, capital solutions, and institutional services; and wealth management services, such as investment management, financial planning, lockbox and insurance, securities-based lending, estate planning, and business succession, as well as philanthropic, trustee and executor, custom credit, and depository services.

See Also