Texas Capital Bancshares Inc (TCBI) Given Hold Rating at Stephens
Texas Capital Bancshares Inc (NASDAQ:TCBI)‘s stock had its “hold” rating reiterated by equities research analysts at Stephens in a report released on Thursday.
Several other brokerages have also weighed in on TCBI. Raymond James Financial, Inc. upgraded shares of Texas Capital Bancshares from an “outperform” rating to a “strong-buy” rating and set a $98.00 price objective on the stock in a report on Thursday, April 6th. Zacks Investment Research upgraded shares of Texas Capital Bancshares from a “hold” rating to a “buy” rating and set a $90.00 price objective on the stock in a report on Wednesday, January 11th. JMP Securities initiated coverage on shares of Texas Capital Bancshares in a report on Thursday, February 2nd. They set an “outperform” rating and a $98.00 price objective on the stock. Keefe, Bruyette & Woods set a $83.00 price objective on shares of Texas Capital Bancshares and gave the company a “hold” rating in a report on Monday, April 3rd. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $102.00 price objective on shares of Texas Capital Bancshares in a report on Tuesday, March 21st. Ten research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $73.57.
Texas Capital Bancshares (NASDAQ:TCBI) opened at 78.75 on Thursday. Texas Capital Bancshares has a 1-year low of $40.90 and a 1-year high of $93.35. The stock has a 50 day moving average price of $83.68 and a 200-day moving average price of $76.05. The firm has a market cap of $3.90 billion, a P/E ratio of 25.32 and a beta of 1.41.
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Texas Capital Bancshares (NASDAQ:TCBI) last announced its quarterly earnings data on Wednesday, January 25th. The bank reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.07. Texas Capital Bancshares had a net margin of 19.98% and a return on equity of 9.94%. The firm had revenue of $190.06 million for the quarter, compared to analyst estimates of $184.30 million. During the same quarter in the prior year, the business earned $0.70 earnings per share. Equities research analysts forecast that Texas Capital Bancshares will post $4.08 EPS for the current year.
Large investors have recently modified their holdings of the company. BlackRock Inc. increased its stake in shares of Texas Capital Bancshares by 97.3% in the first quarter. BlackRock Inc. now owns 3,097 shares of the bank’s stock worth $118,000 after buying an additional 1,527 shares during the last quarter. Federated Investors Inc. PA purchased a new stake in shares of Texas Capital Bancshares during the fourth quarter worth about $128,000. Quantbot Technologies LP purchased a new stake in shares of Texas Capital Bancshares during the second quarter worth about $149,000. Tyers Asset Management LLC purchased a new stake in shares of Texas Capital Bancshares during the fourth quarter worth about $180,000. Finally, Strs Ohio increased its stake in shares of Texas Capital Bancshares by 400.0% in the second quarter. Strs Ohio now owns 4,000 shares of the bank’s stock worth $187,000 after buying an additional 3,200 shares during the last quarter. 95.46% of the stock is owned by institutional investors and hedge funds.
About Texas Capital Bancshares
Texas Capital Bancshares, Inc is a bank holding and a financial holding company. The Company is the parent of Texas Capital Bank, National Association (the Bank). It offers a range of loan, deposit account and other financial products and services to its customers. It offers a range of products and services for its business customers, including commercial loans for general corporate purposes, including financing for working capital, internal growth, acquisitions and financing for business insurance premiums; medium- and long-term tax-exempt loans for municipalities and other governmental and tax-exempt entities; wealth management and trust services, and letters of credit.
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