Texas Capital Bancshares, Inc. (NASDAQ:TCBI) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Thursday.

TCBI has been the subject of a number of other research reports. Zacks Investment Research raised Texas Capital Bancshares from a “hold” rating to a “buy” rating and set a $87.00 price target for the company in a research report on Tuesday, July 11th. Barclays PLC reissued an “equal weight” rating and set a $80.00 price target (up previously from $75.00) on shares of Texas Capital Bancshares in a research report on Wednesday, July 12th. Wedbush raised Texas Capital Bancshares from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $79.00 to $86.00 in a research report on Monday, May 8th. UBS AG raised Texas Capital Bancshares from an “outperform” rating to a “strong-buy” rating in a research report on Thursday, April 6th. Finally, Stephens reissued a “hold” rating on shares of Texas Capital Bancshares in a research report on Thursday, April 20th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. Texas Capital Bancshares has an average rating of “Hold” and a consensus target price of $83.69.

Texas Capital Bancshares (NASDAQ TCBI) traded up 4.55% during midday trading on Thursday, reaching $81.50. The company’s stock had a trading volume of 1,114,062 shares. The company has a market capitalization of $4.04 billion, a P/E ratio of 23.88 and a beta of 1.67. The company has a 50 day moving average of $76.96 and a 200-day moving average of $80.22. Texas Capital Bancshares has a 1-year low of $45.90 and a 1-year high of $93.35.

Texas Capital Bancshares (NASDAQ:TCBI) last posted its quarterly earnings results on Wednesday, July 19th. The bank reported $0.97 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.03. Texas Capital Bancshares had a return on equity of 9.90% and a net margin of 21.42%. The firm had revenue of $201.73 million during the quarter, compared to the consensus estimate of $197.10 million. During the same quarter in the previous year, the business earned $0.78 earnings per share. Equities research analysts anticipate that Texas Capital Bancshares will post $3.88 earnings per share for the current fiscal year.

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In related news, CFO Peter B. Bartholow sold 4,000 shares of the business’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $74.52, for a total value of $298,080.00. Following the transaction, the chief financial officer now owns 37,671 shares in the company, valued at $2,807,242.92. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider C Keith Cargill purchased 5,000 shares of the business’s stock in a transaction that occurred on Friday, April 21st. The stock was acquired at an average price of $73.57 per share, for a total transaction of $367,850.00. Following the purchase, the insider now owns 77,286 shares of the company’s stock, valued at approximately $5,685,931.02. The disclosure for this purchase can be found here. Insiders own 0.47% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Eagle Asset Management boosted its position in Texas Capital Bancshares by 103.6% in the third quarter. Eagle Asset Management now owns 2,452,304 shares of the bank’s stock valued at $128,548,000 after buying an additional 1,248,038 shares during the period. Raymond James Trust acquired a new position in Texas Capital Bancshares during the fourth quarter valued at approximately $1,226,000. Capstone Asset Management Company boosted its position in Texas Capital Bancshares by 2.0% in the fourth quarter. Capstone Asset Management Company now owns 14,430 shares of the bank’s stock valued at $713,000 after buying an additional 280 shares during the period. Russell Frank Co boosted its position in Texas Capital Bancshares by 13.8% in the fourth quarter. Russell Frank Co now owns 25,882 shares of the bank’s stock valued at $1,287,000 after buying an additional 3,136 shares during the period. Finally, Neuberger Berman Group LLC boosted its position in Texas Capital Bancshares by 2.7% in the fourth quarter. Neuberger Berman Group LLC now owns 416,148 shares of the bank’s stock valued at $20,566,000 after buying an additional 10,864 shares during the period.

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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Analyst Recommendations for Texas Capital Bancshares (NASDAQ:TCBI)

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