Several brokerages have updated their recommendations and price targets on shares of Texas Capital Bancshares (NASDAQ: TCBI) in the last few weeks:

  • 10/4/2017 – Texas Capital Bancshares was downgraded by analysts at Wedbush from an “outperform” rating to a “neutral” rating. They now have a $87.00 price target on the stock, down previously from $88.00. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 10/4/2017 – Texas Capital Bancshares had its “buy” rating reaffirmed by analysts at SunTrust Banks, Inc.. They now have a $90.00 price target on the stock.
  • 10/3/2017 – Texas Capital Bancshares was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Shares of Texas Capital have outperformed the industry so far this year. This price performance is backed by the company’s decent earnings surprise history. It surpassed the Zacks Consensus Estimate in three of the trailing four quarters. The company’s diversified fee income sources should continue driving its top-line growth. Texas Capital’s margins have relaxed to some extent, following the three rate hikes since December 2016. However, persistently increasing expenses mainly due to hiring of experienced bankers is likely to hurt bottom line growth. Also, lack of geographical diversification keeps us apprehensive.”
  • 9/20/2017 – Texas Capital Bancshares was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Shares of Texas Capital have outperformed the industry so far this year. This price performance is backed by the company’s decent earnings surprise history. It surpassed the Zacks Consensus Estimate in three of the trailing four quarters. The company’s diversified fee income sources should continue driving its top-line growth. Moreover, Texas Capital’s strong capital position keep it well poised for opportunistic expansions. Though, lack of geographical diversification and significantly mounting expenses keep us apprehensive, Texas Capital’s margins have relaxed to some extent, following the three rate hikes since December 2016.”
  • 9/19/2017 – Texas Capital Bancshares was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $90.00 price target on the stock. According to Zacks, “Shares of Texas Capital have outperformed the industry so far this year. This price performance is backed by the company’s decent earnings surprise history. It surpassed the Zacks Consensus Estimate in three of the trailing four quarters. The company’s diversified fee income sources should continue driving its top-line growth. Moreover, Texas Capital’s strong capital position keep it well poised for opportunistic expansions. Though, lack of geographical diversification and significantly mounting expenses keep us apprehensive, Texas Capital’s margins have relaxed to some extent, following the three rate hikes since December 2016.”
  • 9/6/2017 – Texas Capital Bancshares is now covered by analysts at Royal Bank Of Canada. They set an “outperform” rating and a $90.00 price target on the stock.
  • 9/1/2017 – Texas Capital Bancshares had its “hold” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $86.00 price target on the stock.
  • 9/1/2017 – Texas Capital Bancshares was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 8/14/2017 – Texas Capital Bancshares was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.

Shares of Texas Capital Bancshares, Inc. (NASDAQ TCBI) traded down 1.33% on Wednesday, reaching $85.20. 421,327 shares of the company were exchanged. The firm’s 50 day moving average price is $79.05 and its 200 day moving average price is $77.93. Texas Capital Bancshares, Inc. has a 52 week low of $54.20 and a 52 week high of $93.35. The stock has a market capitalization of $4.23 billion, a price-to-earnings ratio of 23.60 and a beta of 1.68.

Texas Capital Bancshares (NASDAQ:TCBI) last released its earnings results on Wednesday, July 19th. The bank reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.03. The company had revenue of $201.73 million during the quarter, compared to analysts’ expectations of $197.10 million. Texas Capital Bancshares had a net margin of 21.84% and a return on equity of 10.01%. During the same period last year, the business earned $0.78 EPS. Equities research analysts anticipate that Texas Capital Bancshares, Inc. will post $4.00 EPS for the current year.

In other Texas Capital Bancshares news, insider C Keith Cargill acquired 3,000 shares of the firm’s stock in a transaction on Friday, August 11th. The stock was acquired at an average cost of $74.15 per share, for a total transaction of $222,450.00. Following the purchase, the insider now owns 80,286 shares in the company, valued at approximately $5,953,206.90. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 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.

Receive News & Ratings for Texas Capital Bancshares Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Texas Capital Bancshares Inc and related companies with MarketBeat.com's FREE daily email newsletter.