Hovde Group Raises Texas Capital Bancshares (NASDAQ:TCBI) Price Target to $102.00

Texas Capital Bancshares (NASDAQ:TCBI) had its price objective raised by Hovde Group from $93.00 to $102.00 in a note issued to investors on Tuesday, MarketBeat reports. The firm currently has a “market perform” rating on the bank’s stock. Hovde Group’s price target points to a potential upside of 3.17% from the stock’s previous close.

Several other research analysts have also recently weighed in on TCBI. Keefe, Bruyette & Woods increased their price objective on Texas Capital Bancshares from $98.00 to $100.00 and gave the stock an “outperform” rating in a research report on Monday, October 27th. Citigroup raised their price target on shares of Texas Capital Bancshares from $75.00 to $88.00 and gave the stock a “sell” rating in a research report on Monday. Royal Bank Of Canada lifted their price objective on shares of Texas Capital Bancshares from $105.00 to $110.00 and gave the stock a “sector perform” rating in a research note on Friday, January 23rd. DA Davidson increased their target price on shares of Texas Capital Bancshares from $94.00 to $104.00 and gave the stock a “neutral” rating in a research report on Friday, January 23rd. Finally, Piper Sandler lifted their price target on shares of Texas Capital Bancshares from $86.00 to $96.00 and gave the company a “neutral” rating in a research report on Friday, January 23rd. Four investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $101.17.

Texas Capital Bancshares Stock Up 1.3%

Texas Capital Bancshares stock opened at $98.87 on Tuesday. The company’s 50-day moving average price is $94.24 and its two-hundred day moving average price is $88.19. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.19. The stock has a market cap of $4.51 billion, a P/E ratio of 14.54, a P/E/G ratio of 0.47 and a beta of 0.67. Texas Capital Bancshares has a twelve month low of $59.37 and a twelve month high of $105.36.

Texas Capital Bancshares (NASDAQ:TCBI) last posted its earnings results on Thursday, January 22nd. The bank reported $2.08 EPS for the quarter, beating the consensus estimate of $1.78 by $0.30. The company had revenue of $327.48 million for the quarter, compared to the consensus estimate of $324.09 million. Texas Capital Bancshares had a return on equity of 10.05% and a net margin of 16.52%.During the same quarter in the prior year, the business earned $1.43 earnings per share. As a group, analysts expect that Texas Capital Bancshares will post 5.84 EPS for the current year.

Insider Buying and Selling

In other news, Director Laura L. Whitley acquired 500 shares of the stock in a transaction on Monday, January 26th. The stock was acquired at an average cost of $97.51 per share, for a total transaction of $48,755.00. Following the completion of the transaction, the director directly owned 7,961 shares in the company, valued at approximately $776,277.11. This trade represents a 6.70% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Robert W. Stallings bought 2,000 shares of the business’s stock in a transaction on Friday, January 23rd. The shares were acquired at an average price of $20.91 per share, with a total value of $41,820.00. Following the completion of the purchase, the director directly owned 277,913 shares of the company’s stock, valued at approximately $5,811,160.83. The trade was a 0.72% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders purchased 3,000 shares of company stock worth $139,355 over the last three months. 1.72% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of TCBI. CWM LLC boosted its position in Texas Capital Bancshares by 145.1% during the third quarter. CWM LLC now owns 21,909 shares of the bank’s stock valued at $1,852,000 after acquiring an additional 12,971 shares during the last quarter. Voya Investment Management LLC boosted its position in shares of Texas Capital Bancshares by 297.9% during the 3rd quarter. Voya Investment Management LLC now owns 49,679 shares of the bank’s stock valued at $4,199,000 after purchasing an additional 37,195 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in Texas Capital Bancshares by 7.2% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,794 shares of the bank’s stock worth $936,000 after purchasing an additional 795 shares during the period. Peregrine Capital Management LLC acquired a new stake in Texas Capital Bancshares during the third quarter worth approximately $5,186,000. Finally, Bank of New York Mellon Corp increased its holdings in Texas Capital Bancshares by 12.3% in the second quarter. Bank of New York Mellon Corp now owns 657,626 shares of the bank’s stock worth $52,216,000 after purchasing an additional 71,774 shares in the last quarter. Institutional investors and hedge funds own 96.88% of the company’s stock.

Key Stories Impacting Texas Capital Bancshares

Here are the key news stories impacting Texas Capital Bancshares this week:

• Positive Sentiment: Directors bought stock, signaling insider confidence — Director Laura L. Whitley disclosed two recent purchases (500 shares on Jan. 23 and 500 shares on Jan. 26 at roughly $97.5), increasing her stake; insider buying often supports near-term sentiment. Laura Whitley Form 4
• Positive Sentiment: Another director added to holdings — Robert W. Stallings purchased 2,000 shares (filed Jan. 23), a modest increase to a large existing position; additional insider buys reinforce the buy-side narrative. Stallings insider purchase
• Positive Sentiment: Analysts lifted targets this week — TD Cowen raised its target (to $110) and Hovde raised its target (to $102), and other shops have nudged targets higher, supporting upside expectations and improving sentiment among institutional investors. TD Cowen coverage
• Neutral Sentiment: Valuation/expectations discussion — Coverage (Seeking Alpha) notes profitability is accelerating but says expectations have “kept up,” implying that improved fundamentals may already be priced in and limiting additional re-rating unless growth continues. Seeking Alpha article
• Neutral Sentiment: Media/research attention may draw flows — Zacks and other outlets are highlighting TCBI as a momentum/value candidate; that can attract different investor groups but does not change fundamentals by itself. Zacks piece
• Negative Sentiment: Mixed analyst stances and a consensus “Hold” cap upside — despite several target increases, coverage is mixed (buys, holds and some sells remain), and MarketBeat consensus stays at “Hold,” which could limit momentum if broader sentiment wavers. Analyst consensus / MarketBeat

About Texas Capital Bancshares

Texas Capital Bancshares, Inc is a bank holding company headquartered in Dallas, Texas, operating through its wholly owned subsidiary, Texas Capital Bank. The company specializes in providing commercial banking services to middle-market companies, entrepreneurs, professional service firms, real estate developers, and not-for-profit organizations. Its broad range of offerings includes commercial lending, treasury and cash management, real estate finance, equipment finance, and energy lending, all designed to address the unique financial needs of businesses navigating growth and market challenges.

In addition to its core commercial banking capabilities, Texas Capital Bancshares delivers private banking and wealth management services for business owners and high-net-worth individuals.