Texas Capital Bancshares (NASDAQ:TCBI) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a report issued on Tuesday.

Several other equities analysts have also weighed in on TCBI. Piper Jaffray Companies restated a “hold” rating and issued a $86.00 price objective on shares of Texas Capital Bancshares in a report on Friday, September 1st. ValuEngine lowered shares of Texas Capital Bancshares from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Royal Bank of Canada started coverage on shares of Texas Capital Bancshares in a report on Wednesday, September 6th. They issued an “outperform” rating and a $90.00 price objective on the stock. Zacks Investment Research upgraded shares of Texas Capital Bancshares from a “hold” rating to a “buy” rating and set a $90.00 price objective on the stock in a report on Tuesday, September 19th. Finally, Wedbush lowered shares of Texas Capital Bancshares from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $88.00 to $87.00 in a report on Wednesday, October 4th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Texas Capital Bancshares presently has an average rating of “Hold” and a consensus price target of $91.87.

Texas Capital Bancshares (NASDAQ:TCBI) traded up $1.15 on Tuesday, hitting $90.35. 479,874 shares of the stock traded hands, compared to its average volume of 524,779. Texas Capital Bancshares has a twelve month low of $69.65 and a twelve month high of $95.20. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.27 and a quick ratio of 1.22. The company has a market capitalization of $4,490.00, a PE ratio of 23.43, a P/E/G ratio of 1.86 and a beta of 1.66.

Texas Capital Bancshares (NASDAQ:TCBI) last released its quarterly earnings results on Wednesday, October 18th. The bank reported $1.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.11 by $0.01. Texas Capital Bancshares had a net margin of 22.50% and a return on equity of 10.40%. The business had revenue of $204.40 million for the quarter, compared to analysts’ expectations of $214.08 million. During the same period in the prior year, the firm earned $0.87 earnings per share. Texas Capital Bancshares’s revenue was up 11.7% compared to the same quarter last year. sell-side analysts anticipate that Texas Capital Bancshares will post 4.03 EPS for the current fiscal year.

In other Texas Capital Bancshares news, COO Peter B. Bartholow sold 3,500 shares of the stock in a transaction on Friday, October 20th. The shares were sold at an average price of $87.52, for a total value of $306,320.00. Following the sale, the chief operating officer now directly owns 34,171 shares in the company, valued at $2,990,645.92. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.47% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. GSA Capital Partners LLP acquired a new stake in Texas Capital Bancshares in the third quarter worth $421,000. Neuberger Berman Group LLC raised its holdings in Texas Capital Bancshares by 5.1% in the third quarter. Neuberger Berman Group LLC now owns 364,356 shares of the bank’s stock worth $31,262,000 after purchasing an additional 17,778 shares during the period. Piedmont Investment Advisors LLC acquired a new stake in Texas Capital Bancshares in the third quarter worth $1,530,000. California Public Employees Retirement System raised its holdings in Texas Capital Bancshares by 5.9% in the third quarter. California Public Employees Retirement System now owns 91,820 shares of the bank’s stock worth $7,878,000 after purchasing an additional 5,120 shares during the period. Finally, Cubist Systematic Strategies LLC raised its holdings in Texas Capital Bancshares by 439.5% in the third quarter. Cubist Systematic Strategies LLC now owns 14,027 shares of the bank’s stock worth $1,204,000 after purchasing an additional 11,427 shares during the period.

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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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