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

Shares of Texas Capital Bancshares Inc (NASDAQ:TCBI) have been assigned an average rating of “Hold” from the seventeen ratings firms that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and eight have given a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $99.04.

Several brokerages have commented on TCBI. DA Davidson lifted their target price on Texas Capital Bancshares to $105.00 and gave the stock a “neutral” rating in a report on Thursday, January 25th. Bank of America lifted their target price on Texas Capital Bancshares from $110.00 to $112.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. UBS Group raised Texas Capital Bancshares from a “market perform” rating to an “outperform” rating in a research note on Thursday, January 25th. Jefferies Group reissued a “buy” rating on shares of Texas Capital Bancshares in a research note on Thursday, January 25th. Finally, Raymond James Financial raised Texas Capital Bancshares from a “market perform” rating to an “outperform” rating and set a $115.00 price objective on the stock in a research note on Thursday, January 25th.

In other Texas Capital Bancshares news, CEO C Keith Cargill acquired 2,000 shares of the company’s stock in a transaction dated Tuesday, February 6th. The shares were bought at an average cost of $90.60 per share, with a total value of $181,200.00. Following the purchase, the chief executive officer now directly owns 82,286 shares of the company’s stock, valued at $7,455,111.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.47% of the stock is owned by insiders.

A number of institutional investors have recently modified their holdings of TCBI. Numeric Investors LLC bought a new stake in Texas Capital Bancshares in the 2nd quarter valued at about $379,000. State Street Corp increased its position in Texas Capital Bancshares by 14.8% in the 2nd quarter. State Street Corp now owns 3,497,607 shares of the bank’s stock valued at $270,711,000 after buying an additional 449,797 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in Texas Capital Bancshares in the 2nd quarter valued at about $201,000. Ameritas Investment Partners Inc. increased its position in Texas Capital Bancshares by 2.8% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 19,207 shares of the bank’s stock valued at $1,487,000 after buying an additional 518 shares in the last quarter. Finally, 1st Global Advisors Inc. increased its position in Texas Capital Bancshares by 1.1% in the 2nd quarter. 1st Global Advisors Inc. now owns 6,979 shares of the bank’s stock valued at $540,000 after buying an additional 77 shares in the last quarter.

Shares of Texas Capital Bancshares (NASDAQ TCBI) traded down $0.20 on Tuesday, reaching $90.05. The company’s stock had a trading volume of 199,512 shares, compared to its average volume of 506,732. The firm has a market cap of $4,470.00, a P/E ratio of 24.14, a PEG ratio of 1.23 and a beta of 1.77. Texas Capital Bancshares has a 52-week low of $69.65 and a 52-week high of $102.90. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.28 and a quick ratio of 1.23.

Texas Capital Bancshares (NASDAQ:TCBI) last announced its earnings results on Wednesday, January 24th. The bank reported $1.19 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.16 by $0.03. The firm had revenue of $230.02 million for the quarter, compared to the consensus estimate of $219.78 million. Texas Capital Bancshares had a return on equity of 10.85% and a net margin of 20.67%. During the same period in the previous year, the business earned $0.96 EPS. equities research analysts forecast that Texas Capital Bancshares will post 6.07 EPS for the current fiscal year.

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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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