Several analysts have recently updated their ratings and price targets for Texas Capital Bancshares (NASDAQ: TCBI):

  • 8/1/2017 – Texas Capital Bancshares was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 8/1/2017 – Texas Capital Bancshares had its price target raised by analysts at Hovde Group from $85.00 to $86.00. They now have a “market perform” rating on the stock.
  • 7/31/2017 – Texas Capital Bancshares was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Texas Capital’s shares have outperformed the industry in the last one year. The company’s second-quarter 2017 earnings outpaced the Zacks Consensus Estimate. High revenues and lower provisions were recorded. Solid growth in loans and deposit balances was also positive. However, elevated expenses were the undermining factors. The company’s diversified fee income sources should continue driving its top-line growth. Moreover, Texas Capital’s strong capital position keeps it well poised for opportunistic expansions. Further, the pressure on margin has eased to some extent, following the three rate hikes since Dec 2016. Also, the expectation of lesser regulations will act as a tailwind for the company in the medium term. However, lack of geographical diversification and significantly mounting expenses keep us apprehensive.”
  • 7/20/2017 – Texas Capital Bancshares was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 7/20/2017 – Texas Capital Bancshares had its “hold” rating reaffirmed by analysts at Stephens. They now have a $84.00 price target on the stock.
  • 7/14/2017 – Texas Capital Bancshares had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $104.00 price target on the stock.
  • 7/13/2017 – Texas Capital Bancshares was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Texas Capital’s shares outperformed the Zacks categorized Southwest Banks industry in the last one year. The company’s diversified fee income sources should continue driving its top-line growth. Moreover, Texas Capital’s strong capital position keeps it well poised for opportunistic expansions. Further, the recent Fed interest rate hike expected to ease the pressure on margin. However, lack of geographical diversification and significantly mounting expenses keep us apprehensive. Nevertheless, the expectation of lesser regulations will act as a tailwind for the company in the medium term.”
  • 7/12/2017 – Texas Capital Bancshares was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/12/2017 – Texas Capital Bancshares had its “equal weight” rating reaffirmed by analysts at Barclays PLC. They now have a $80.00 price target on the stock, up previously from $75.00.
  • 7/11/2017 – Texas Capital Bancshares was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $87.00 price target on the stock. According to Zacks, “Texas Capital’s shares outperformed the Zacks categorized Southwest Banks industry in the last one year. The company’s diversified fee income sources should continue driving its top-line growth. Moreover, Texas Capital’s strong capital position keeps it well poised for opportunistic expansions. Further, the recent Fed interest rate hike expected to ease the pressure on margin. However, lack of geographical diversification and significantly mounting expenses keep us apprehensive. Nevertheless, the expectation of lesser regulations will act as a tailwind for the company in the medium term.”
  • 7/7/2017 – Texas Capital Bancshares was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Texas Capital’s shares outperformed the Zacks categorized Southwest Banks industry in the last one year. The company’s diversified fee income sources should continue driving its top-line growth. Moreover, Texas Capital’s strong capital position keeps it well poised for opportunistic expansions. Further, the recent Fed interest rate hike expected to ease the pressure on margin. Moreover, recently approved the Financial Choice Act will act as a tailwind for the company in coming quarters. Nevertheless, lack of geographical diversification and significantly mounting expenses keep us apprehensive.”
  • 7/5/2017 – Texas Capital Bancshares was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 6/27/2017 – Texas Capital Bancshares was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 6/23/2017 – Texas Capital Bancshares was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.

Texas Capital Bancshares (NASDAQ:TCBI) last released its quarterly earnings data on Wednesday, July 19th. The bank reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.03. The firm had revenue of $201.73 million during the quarter, compared to analyst estimates of $197.10 million. Texas Capital Bancshares had a return on equity of 10.01% and a net margin of 21.84%. During the same quarter in the prior year, the firm posted $0.78 earnings per share.

In other news, CFO Peter B. Bartholow sold 4,000 shares of the stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $74.52, for a total transaction 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 legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.47% of the company’s stock.

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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