Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Given Average Rating of “Hold” by Analysts

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) has earned an average rating of “Hold” from the fourteen research firms that are currently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $76.64.

A number of analysts recently commented on TCBI shares. Stephens decreased their price objective on Texas Capital Bancshares from $95.00 to $90.00 and set an “overweight” rating on the stock in a research note on Monday. JPMorgan Chase & Co. reduced their price objective on shares of Texas Capital Bancshares from $78.00 to $70.00 and set an “underweight” rating on the stock in a research note on Monday. DA Davidson lowered their target price on shares of Texas Capital Bancshares from $81.00 to $76.00 and set a “neutral” rating for the company in a research note on Monday. Hovde Group lowered their price objective on Texas Capital Bancshares from $84.00 to $75.00 and set a “market perform” rating for the company in a research report on Monday. Finally, Raymond James lowered their price target on Texas Capital Bancshares from $87.00 to $80.00 and set an “outperform” rating for the company in a report on Monday.

Insider Buying and Selling

In other Texas Capital Bancshares news, Director Robert W. Stallings acquired 7,000 shares of the stock in a transaction on Tuesday, February 4th. The stock was purchased at an average price of $21.10 per share, for a total transaction of $147,700.00. Following the purchase, the director now directly owns 202,413 shares in the company, valued at $4,270,914.30. This trade represents a 3.58 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have bought 28,732 shares of company stock valued at $820,610 in the last quarter. Company insiders own 1.72% of the company’s stock.

Hedge Funds Weigh In On Texas Capital Bancshares

Several institutional investors and hedge funds have recently made changes to their positions in the business. Picton Mahoney Asset Management bought a new position in shares of Texas Capital Bancshares during the fourth quarter valued at approximately $30,000. Assetmark Inc. acquired a new stake in shares of Texas Capital Bancshares in the 4th quarter worth about $32,000. Venturi Wealth Management LLC bought a new stake in Texas Capital Bancshares in the 4th quarter valued at about $37,000. R Squared Ltd bought a new position in Texas Capital Bancshares in the 4th quarter worth about $41,000. Finally, UMB Bank n.a. increased its position in Texas Capital Bancshares by 1,089.8% in the 1st quarter. UMB Bank n.a. now owns 583 shares of the bank’s stock valued at $44,000 after acquiring an additional 534 shares during the period. 96.88% of the stock is currently owned by hedge funds and other institutional investors.

Texas Capital Bancshares Stock Up 1.5 %

TCBI opened at $68.21 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market cap of $3.15 billion, a price-to-earnings ratio of 53.29, a PEG ratio of 0.75 and a beta of 0.74. Texas Capital Bancshares has a one year low of $56.24 and a one year high of $91.80. The business’s fifty day moving average is $72.04 and its two-hundred day moving average is $77.88.

Texas Capital Bancshares (NASDAQ:TCBI) last announced its earnings results on Thursday, April 17th. The bank reported $0.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.07). The business had revenue of $280.48 million for the quarter, compared to analyst estimates of $284.40 million. Texas Capital Bancshares had a return on equity of 9.14% and a net margin of 3.99%. Analysts anticipate that Texas Capital Bancshares will post 5.84 EPS for the current fiscal year.

Texas Capital Bancshares Company Profile

Texas Capital Bancshares, Inc operates as the bank holding company for Texas Capital Bank, is a full-service financial services firm that delivers customized solutions to businesses, entrepreneurs, and individual customers. The company offers commercial banking; consumer banking; investment banking solutions, including capital markets, mergers and acquisitions, and syndicated finance, as well as financial sponsor coverage, capital solutions, and institutional services; and wealth management services, such as investment management, financial planning, lockbox and insurance, securities-based lending, estate planning, and business succession, as well as philanthropic, trustee and executor, custom credit, and depository services.