Texas Capital Bancshares Inc (TCBI) Given Consensus Rating of “Buy” by Brokerages

Shares of Texas Capital Bancshares Inc (NASDAQ:TCBI) have been assigned an average recommendation of “Buy” from the eighteen analysts that are presently covering the company, MarketBeat.com reports. Ten analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $96.12.

Several research analysts have recently issued reports on TCBI shares. Royal Bank of Canada reiterated a “buy” rating on shares of Texas Capital Bancshares in a report on Friday, October 20th. Bank of America reiterated a “buy” rating and issued a $100.00 price objective (up from $97.00) on shares of Texas Capital Bancshares in a report on Thursday, October 19th. SunTrust Banks reiterated a “buy” rating and issued a $95.00 price objective on shares of Texas Capital Bancshares in a report on Thursday, October 19th. Zacks Investment Research upgraded shares of Texas Capital Bancshares from a “hold” rating to a “buy” rating and set a $104.00 price objective for the company in a report on Tuesday, December 26th. Finally, Barclays increased their price objective on shares of Texas Capital Bancshares from $87.00 to $103.00 and gave the company an “equal weight” rating in a report on Tuesday, January 2nd.

Shares of Texas Capital Bancshares (NASDAQ:TCBI) traded up $2.15 during trading hours on Friday, hitting $99.95. 378,077 shares of the company’s stock traded hands, compared to its average volume of 473,931. Texas Capital Bancshares has a 12 month low of $69.65 and a 12 month high of $100.45. The firm has a market capitalization of $4,960.00, a price-to-earnings ratio of 25.96, a P/E/G ratio of 1.42 and a beta of 1.66. The company has a quick ratio of 1.22, a current ratio of 1.27 and a debt-to-equity ratio of 1.44.

Texas Capital Bancshares (NASDAQ:TCBI) last announced its quarterly earnings results on Wednesday, October 18th. The bank reported $1.12 EPS for the quarter, beating the consensus estimate of $1.11 by $0.01. The company had revenue of $204.40 million for the quarter, compared to analyst estimates of $214.08 million. Texas Capital Bancshares had a net margin of 22.50% and a return on equity of 10.40%. Texas Capital Bancshares’s revenue was up 11.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.87 earnings per share. sell-side analysts anticipate that Texas Capital Bancshares will post 4.04 EPS for the current fiscal year.

A number of large investors have recently modified their holdings of the stock. 1st Global Advisors Inc. boosted its holdings in Texas Capital Bancshares by 1.1% during the second quarter. 1st Global Advisors Inc. now owns 6,979 shares of the bank’s stock worth $540,000 after buying an additional 77 shares in the last quarter. Amalgamated Bank boosted its holdings in Texas Capital Bancshares by 2.5% during the second quarter. Amalgamated Bank now owns 7,144 shares of the bank’s stock worth $553,000 after buying an additional 175 shares in the last quarter. Suntrust Banks Inc. boosted its holdings in Texas Capital Bancshares by 5.0% during the second quarter. Suntrust Banks Inc. now owns 4,674 shares of the bank’s stock worth $360,000 after buying an additional 223 shares in the last quarter. D.A. Davidson & CO. boosted its holdings in Texas Capital Bancshares by 14.3% during the second quarter. D.A. Davidson & CO. now owns 2,632 shares of the bank’s stock worth $203,000 after buying an additional 329 shares in the last quarter. Finally, People s United Financial Inc. boosted its holdings in Texas Capital Bancshares by 4.1% during the second quarter. People s United Financial Inc. now owns 8,842 shares of the bank’s stock worth $685,000 after buying an additional 351 shares in the last quarter.

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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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