Texas Capital Bancshares Inc (NASDAQ:TCBI)‘s stock had its “buy” rating reissued by research analysts at SunTrust Banks, Inc. in a report released on Thursday. They presently have a $95.00 price target on the bank’s stock. SunTrust Banks, Inc.’s price objective points to a potential upside of 7.95% from the stock’s current price. SunTrust Banks also issued estimates for Texas Capital Bancshares’ FY2017 earnings at $4.03 EPS, Q3 2018 earnings at $1.34 EPS, Q4 2018 earnings at $1.34 EPS and FY2019 earnings at $5.21 EPS.

TCBI has been the subject of a number of other research reports. Zacks Investment Research lowered shares of Texas Capital Bancshares from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. BidaskClub lowered shares of Texas Capital Bancshares from a “hold” rating to a “sell” rating in a research report on Friday, June 23rd. Stephens restated a “hold” rating and set a $84.00 target price on shares of Texas Capital Bancshares in a research report on Thursday, July 20th. Royal Bank Of Canada initiated coverage on shares of Texas Capital Bancshares in a research report on Wednesday, September 6th. They set an “outperform” rating and a $90.00 target price for the company. Finally, Piper Jaffray Companies restated a “hold” rating and set a $86.00 target price on shares of Texas Capital Bancshares in a research report on Friday, September 1st. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Texas Capital Bancshares has an average rating of “Hold” and an average target price of $89.60.

Texas Capital Bancshares (NASDAQ TCBI) traded up 1.15% during mid-day trading on Thursday, hitting $88.00. 424,112 shares of the stock traded hands. The company’s 50 day moving average is $81.66 and its 200 day moving average is $78.18. Texas Capital Bancshares has a 12 month low of $56.25 and a 12 month high of $93.35. The company has a market cap of $4.37 billion, a P/E ratio of 22.80 and a beta of 1.68.

Texas Capital Bancshares (NASDAQ:TCBI) last issued its earnings results on Wednesday, October 18th. The bank reported $1.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.11 by $0.01. Texas Capital Bancshares had a net margin of 26.27% and a return on equity of 11.40%. The firm had revenue of $204.40 million during the quarter, compared to analyst estimates of $214.08 million. During the same quarter in the prior year, the business earned $0.87 earnings per share. Texas Capital Bancshares’s revenue for the quarter was up 11.7% on a year-over-year basis. On average, analysts expect that Texas Capital Bancshares will post $4.04 earnings per share for the current fiscal year.

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In other news, insider C Keith Cargill bought 3,000 shares of Texas Capital Bancshares stock in a transaction dated Friday, August 11th. The shares were acquired at an average price of $74.15 per share, with a total value of $222,450.00. Following the completion of the purchase, the insider now owns 80,286 shares in the company, valued at approximately $5,953,206.90. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.47% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in TCBI. UBS Asset Management Americas Inc. raised its stake in shares of Texas Capital Bancshares by 19.3% in the first quarter. UBS Asset Management Americas Inc. now owns 28,965 shares of the bank’s stock valued at $2,417,000 after acquiring an additional 4,681 shares during the period. FMR LLC purchased a new stake in shares of Texas Capital Bancshares in the first quarter valued at $21,563,000. Teachers Advisors LLC raised its stake in shares of Texas Capital Bancshares by 3.6% in the first quarter. Teachers Advisors LLC now owns 99,740 shares of the bank’s stock valued at $8,323,000 after acquiring an additional 3,461 shares during the period. California Public Employees Retirement System raised its stake in shares of Texas Capital Bancshares by 1.2% in the first quarter. California Public Employees Retirement System now owns 86,100 shares of the bank’s stock valued at $7,185,000 after acquiring an additional 1,000 shares during the period. Finally, PNC Financial Services Group Inc. raised its stake in shares of Texas Capital Bancshares by 11.4% in the first quarter. PNC Financial Services Group Inc. now owns 5,282 shares of the bank’s stock valued at $441,000 after acquiring an additional 540 shares during the period.

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.

Analyst Recommendations for Texas Capital Bancshares (NASDAQ:TCBI)

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