Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Receives $105.83 Consensus PT from Brokerages
by Renee Jackson · The Cerbat GemTexas Capital Bancshares, Inc. (NASDAQ:TCBI – Get Free Report) has received a consensus rating of “Hold” from the thirteen research firms that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $105.8333.
Several research firms have recently issued reports on TCBI. Weiss Ratings restated a “buy (b)” rating on shares of Texas Capital Bancshares in a report on Monday, July 6th. TD Cowen reduced their target price on Texas Capital Bancshares from $109.00 to $106.00 and set a “hold” rating on the stock in a research report on Monday, July 27th. Wall Street Zen raised Texas Capital Bancshares from a “sell” rating to a “hold” rating in a research note on Saturday, August 29th. JPMorgan Chase & Co. upped their price objective on shares of Texas Capital Bancshares from $105.00 to $110.00 and gave the company an “underweight” rating in a research note on Wednesday, July 1st. Finally, Citigroup raised their target price on shares of Texas Capital Bancshares from $105.00 to $107.00 and gave the stock a “neutral” rating in a research report on Friday, July 24th.
Check Out Our Latest Analysis on Texas Capital Bancshares
Texas Capital Bancshares Stock Performance
Shares of NASDAQ TCBI opened at $97.56 on Monday. The company has a market cap of $4.24 billion, a PE ratio of 12.69, a price-to-earnings-growth ratio of 1.19 and a beta of 0.66. Texas Capital Bancshares has a 12 month low of $75.41 and a 12 month high of $108.92. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.00 and a quick ratio of 1.00. The company has a 50-day simple moving average of $100.34 and a 200-day simple moving average of $99.17.
Texas Capital Bancshares (NASDAQ:TCBI – Get Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. The bank reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $0.01. The business had revenue of $335.50 million for the quarter, compared to the consensus estimate of $333.37 million. Texas Capital Bancshares had a net margin of 17.90% and a return on equity of 10.86%. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.63 earnings per share. On average, equities analysts anticipate that Texas Capital Bancshares will post 7.39 earnings per share for the current year.
Texas Capital Bancshares Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.80 annualized dividend and a dividend yield of 0.8%. Texas Capital Bancshares’s payout ratio is currently 10.40%.
Insider Activity at Texas Capital Bancshares
In related news, insider Ellen Detrich sold 2,045 shares of the firm’s stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $100.03, for a total value of $204,561.35. Following the transaction, the insider owned 7,529 shares in the company, valued at approximately $753,125.87. This trade represents a 21.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.91% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Texas Capital Bancshares
Several hedge funds and other institutional investors have recently added to or reduced their stakes in TCBI. Evolve Private Wealth LLC increased its stake in shares of Texas Capital Bancshares by 1.7% in the first quarter. Evolve Private Wealth LLC now owns 5,987 shares of the bank’s stock worth $568,000 after buying an additional 98 shares during the last quarter. Commonwealth Equity Services LLC boosted its stake in Texas Capital Bancshares by 2.3% during the 4th quarter. Commonwealth Equity Services LLC now owns 6,079 shares of the bank’s stock valued at $550,000 after acquiring an additional 135 shares during the last quarter. Root Financial Partners LLC boosted its stake in Texas Capital Bancshares by 85.2% during the 1st quarter. Root Financial Partners LLC now owns 326 shares of the bank’s stock valued at $31,000 after acquiring an additional 150 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in Texas Capital Bancshares by 14.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,504 shares of the bank’s stock worth $143,000 after acquiring an additional 189 shares in the last quarter. Finally, Arizona State Retirement System increased its position in shares of Texas Capital Bancshares by 1.8% in the 2nd quarter. Arizona State Retirement System now owns 12,200 shares of the bank’s stock worth $1,260,000 after purchasing an additional 212 shares during the last quarter. Hedge funds and other institutional investors own 96.88% of the company’s stock.
Texas Capital Bancshares Company Profile
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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