Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Rating Reiterated by Stephens
Texas Capital Bancshares, Inc. (NASDAQ:TCBI)‘s stock had its “hold” rating reaffirmed by Stephens in a research report issued on Thursday. They presently have a $84.00 target price on the bank’s stock. Stephens’ price target suggests a potential upside of 7.76% from the stock’s current price.
TCBI has been the subject of several other research reports. Zacks Investment Research upgraded shares of Texas Capital Bancshares from a “hold” rating to a “buy” rating and set a $87.00 target price for the company in a research note on Tuesday, July 11th. Barclays PLC reiterated an “equal weight” rating and set a $80.00 target price (up previously from $75.00) on shares of Texas Capital Bancshares in a research note on Wednesday, July 12th. Wedbush upgraded shares of Texas Capital Bancshares from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $79.00 to $86.00 in a research note on Monday, May 8th. UBS AG upgraded shares of Texas Capital Bancshares from an “outperform” rating to a “strong-buy” rating in a research note on Thursday, April 6th. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $104.00 target price on shares of Texas Capital Bancshares in a research note on Friday, July 14th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $83.69.
Shares of Texas Capital Bancshares (TCBI) traded up 3.34% during mid-day trading on Thursday, reaching $80.55. 406,074 shares of the company were exchanged. Texas Capital Bancshares has a 12 month low of $45.90 and a 12 month high of $93.35. The firm has a market capitalization of $3.99 billion, a price-to-earnings ratio of 23.60 and a beta of 1.67. The company’s 50-day moving average is $76.73 and its 200 day moving average is $80.22.
Texas Capital Bancshares (NASDAQ:TCBI) last issued its quarterly earnings results on Wednesday, July 19th. The bank reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.03. The business had revenue of $201.73 million during the quarter, compared to analyst estimates of $197.10 million. Texas Capital Bancshares had a net margin of 21.42% and a return on equity of 9.90%. During the same quarter in the previous year, the firm earned $0.78 earnings per share. Analysts predict that Texas Capital Bancshares will post $3.88 EPS for the current year.
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In related news, CFO Peter B. Bartholow sold 4,000 shares of the company’s stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $74.52, for a total value of $298,080.00. Following the completion of the sale, the chief financial officer now owns 37,671 shares of the company’s stock, valued at $2,807,242.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider C Keith Cargill acquired 5,000 shares of Texas Capital Bancshares stock in a transaction that occurred on Friday, April 21st. The stock was bought at an average cost of $73.57 per share, with a total value of $367,850.00. Following the acquisition, the insider now directly owns 77,286 shares of the company’s stock, valued at $5,685,931.02. The disclosure for this purchase can be found here. Corporate insiders own 0.47% of the company’s stock.
A number of large investors have recently bought and sold shares of TCBI. Miles Capital Inc. increased its stake in Texas Capital Bancshares by 0.4% in the first quarter. Miles Capital Inc. now owns 3,141 shares of the bank’s stock valued at $262,000 after buying an additional 13 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its stake in Texas Capital Bancshares by 0.5% in the first quarter. Municipal Employees Retirement System of Michigan now owns 11,170 shares of the bank’s stock valued at $932,000 after buying an additional 60 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in Texas Capital Bancshares by 0.7% in the first quarter. Envestnet Asset Management Inc. now owns 12,865 shares of the bank’s stock valued at $1,074,000 after buying an additional 85 shares during the last quarter. Texas Permanent School Fund increased its stake in Texas Capital Bancshares by 0.3% in the first quarter. Texas Permanent School Fund now owns 35,852 shares of the bank’s stock valued at $2,992,000 after buying an additional 104 shares during the last quarter. Finally, Suntrust Banks Inc. increased its stake in Texas Capital Bancshares by 2.4% in the first quarter. Suntrust Banks Inc. now owns 4,451 shares of the bank’s stock valued at $371,000 after buying an additional 106 shares during the last quarter.
Texas Capital Bancshares Company Profile
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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