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

Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) have earned an average recommendation of “Hold” from the fourteen brokerages that are covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a sell recommendation, six have issued a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $101.1667.

A number of analysts recently issued reports on TCBI shares. DA Davidson increased their price target on shares of Texas Capital Bancshares from $94.00 to $104.00 and gave the stock a “neutral” rating in a report on Friday, January 23rd. Barclays increased their target price on shares of Texas Capital Bancshares from $90.00 to $100.00 and gave the stock an “underweight” rating in a research note on Friday, January 23rd. Piper Sandler lifted their price target on Texas Capital Bancshares from $86.00 to $96.00 and gave the company a “neutral” rating in a research note on Friday, January 23rd. Keefe, Bruyette & Woods increased their price target 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. Finally, Zacks Research raised Texas Capital Bancshares from a “hold” rating to a “strong-buy” rating in a report on Monday, February 2nd.

Insiders Place Their Bets

In related news, Director Robert W. Stallings purchased 2,000 shares of the firm’s stock in a transaction that occurred on Friday, January 23rd. The shares were purchased at an average cost of $20.91 per share, with a total value of $41,820.00. Following the purchase, the director owned 277,913 shares of the company’s stock, valued at $5,811,160.83. This represents a 0.72% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Laura L. Whitley acquired 500 shares of the stock in a transaction that occurred on Monday, January 26th. The stock was purchased at an average price of $97.51 per share, for a total transaction of $48,755.00. Following the completion of the acquisition, the director owned 7,961 shares in the company, valued at $776,277.11. The trade was a 6.70% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders purchased a total of 3,000 shares of company stock worth $139,355 in the last three months. 1.72% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Danske Bank A S acquired a new stake in shares of Texas Capital Bancshares in the third quarter valued at about $25,000. Farther Finance Advisors LLC grew its stake in Texas Capital Bancshares by 1,381.8% during the 4th quarter. Farther Finance Advisors LLC now owns 326 shares of the bank’s stock valued at $30,000 after acquiring an additional 304 shares in the last quarter. Advisory Services Network LLC acquired a new stake in Texas Capital Bancshares in the 3rd quarter valued at about $32,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in Texas Capital Bancshares by 169.7% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 391 shares of the bank’s stock worth $35,000 after purchasing an additional 246 shares in the last quarter. Finally, Eurizon Capital SGR S.p.A. acquired a new position in shares of Texas Capital Bancshares during the 4th quarter worth approximately $36,000. Hedge funds and other institutional investors own 96.88% of the company’s stock.

Texas Capital Bancshares Stock Up 0.5%

Texas Capital Bancshares stock opened at $104.93 on Thursday. The business’s 50-day moving average price is $97.90 and its 200 day moving average price is $89.96. 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 firm has a market cap of $4.64 billion, a price-to-earnings ratio of 15.43, a price-to-earnings-growth ratio of 0.50 and a beta of 0.68. Texas Capital Bancshares has a 52 week low of $59.37 and a 52 week high of $108.92.

Texas Capital Bancshares (NASDAQ:TCBI) last announced its quarterly earnings results on Thursday, January 22nd. The bank reported $2.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.78 by $0.30. The company had revenue of $327.48 million during 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 period in the previous year, the company posted $1.43 earnings per share. As a group, sell-side analysts anticipate that Texas Capital Bancshares will post 5.84 earnings per share for the current year.

Texas Capital Bancshares Company Profile

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.