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

Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) have earned a consensus recommendation of “Hold” from the fourteen analysts that are presently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $88.10.

Several equities research analysts recently weighed in on TCBI shares. DA Davidson reaffirmed a “neutral” rating and set a $91.00 price target on shares of Texas Capital Bancshares in a report on Thursday, November 20th. JPMorgan Chase & Co. raised their target price on shares of Texas Capital Bancshares from $90.00 to $92.00 and gave the stock an “underweight” rating in a research note on Thursday, October 23rd. Zacks Research downgraded shares of Texas Capital Bancshares from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 9th. Keefe, Bruyette & Woods increased their price target on shares of Texas Capital Bancshares from $98.00 to $100.00 and gave the stock an “outperform” rating in a report on Monday, October 27th. Finally, Cowen began coverage on shares of Texas Capital Bancshares in a research report on Wednesday, September 24th. They issued a “hold” rating for the company.

Texas Capital Bancshares Stock Down 0.5%

Shares of NASDAQ:TCBI opened at $93.44 on Friday. Texas Capital Bancshares has a 1-year low of $59.37 and a 1-year high of $94.61. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a market cap of $4.26 billion, a P/E ratio of 15.29, a P/E/G ratio of 0.60 and a beta of 0.68. The firm has a fifty day moving average price of $85.67 and a 200 day moving average price of $83.35.

Texas Capital Bancshares (NASDAQ:TCBI) last announced its earnings results on Wednesday, October 22nd. The bank reported $2.18 earnings per share for the quarter, topping the consensus estimate of $1.77 by $0.41. Texas Capital Bancshares had a net margin of 15.14% and a return on equity of 9.51%. The business had revenue of $340.35 million during the quarter, compared to the consensus estimate of $327.13 million. During the same quarter in the prior year, the firm earned ($1.41) earnings per share. The business’s quarterly revenue was up 171.6% compared to the same quarter last year. Sell-side analysts predict that Texas Capital Bancshares will post 5.84 EPS for the current year.

Insider Buying and Selling at Texas Capital Bancshares

In other Texas Capital Bancshares news, Director Robert W. Stallings purchased 5,000 shares of the firm’s stock in a transaction that occurred on Monday, October 27th. The shares were purchased at an average cost of $20.68 per share, for a total transaction of $103,400.00. Following the completion of the purchase, the director directly owned 275,913 shares in the company, valued at $5,705,880.84. This represents a 1.85% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.72% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Texas Capital Bancshares

Several institutional investors have recently made changes to their positions in TCBI. T. Rowe Price Investment Management Inc. grew its stake in shares of Texas Capital Bancshares by 0.8% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 3,332,471 shares of the bank’s stock worth $248,936,000 after purchasing an additional 26,786 shares during the period. AQR Capital Management LLC boosted its holdings in Texas Capital Bancshares by 25.1% during the third quarter. AQR Capital Management LLC now owns 1,919,194 shares of the bank’s stock worth $162,229,000 after buying an additional 384,748 shares in the last quarter. Azora Capital LP grew its position in Texas Capital Bancshares by 11.5% during the third quarter. Azora Capital LP now owns 1,036,613 shares of the bank’s stock worth $87,625,000 after buying an additional 106,599 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in Texas Capital Bancshares by 0.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 829,325 shares of the bank’s stock valued at $70,103,000 after buying an additional 3,522 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Texas Capital Bancshares by 12.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 657,626 shares of the bank’s stock valued at $52,216,000 after acquiring an additional 71,774 shares during the period. 96.88% of the stock is currently owned by hedge funds and other institutional investors.

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.