JPMorgan Chase & Co. Lowers Texas Capital Bancshares (NASDAQ:TCBI) Price Target to $100.00

Texas Capital Bancshares (NASDAQ:TCBI) had its target price reduced by JPMorgan Chase & Co. from $105.00 to $100.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has an “underweight” rating on the bank’s stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 4.20% from the company’s current price.

TCBI has been the topic of several other research reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Texas Capital Bancshares in a research report on Wednesday, January 28th. Citigroup raised their price objective on Texas Capital Bancshares from $75.00 to $88.00 and gave the company a “sell” rating in a research note on Monday, January 26th. TD Cowen lifted their price objective on shares of Texas Capital Bancshares from $103.00 to $110.00 and gave the stock a “hold” rating in a report on Monday, January 26th. DA Davidson upped 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 note on Friday, January 23rd. Finally, Raymond James Financial increased their target price on shares of Texas Capital Bancshares from $98.00 to $105.00 and gave the company an “outperform” rating in a report on Wednesday, January 7th. Four analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $100.75.

Texas Capital Bancshares Trading Up 0.2%

NASDAQ:TCBI opened at $95.97 on Wednesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.00 and a quick ratio of 1.00. Texas Capital Bancshares has a one year low of $59.37 and a one year high of $108.92. The company has a market cap of $4.24 billion, a PE ratio of 14.11, a PEG ratio of 0.46 and a beta of 0.67. The firm has a 50-day moving average of $97.75 and a 200-day moving average of $92.12.

Texas Capital Bancshares (NASDAQ:TCBI) last released 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 business 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 quarter in the previous year, the business earned $1.43 EPS. As a group, equities research analysts expect that Texas Capital Bancshares will post 5.84 EPS for the current fiscal year.

Insider Buying and Selling

In other Texas Capital Bancshares news, Director Laura L. Whitley acquired 500 shares of the business’s stock in a transaction on Monday, January 26th. The shares were acquired at an average price of $97.51 per share, with a total value of $48,755.00. Following the completion of the transaction, the director 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 acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Paola M. Arbour acquired 1,000 shares of Texas Capital Bancshares stock in a transaction on Wednesday, March 11th. The stock was acquired at an average price of $91.50 per share, with a total value of $91,500.00. Following the purchase, the director directly owned 6,671 shares in the company, valued at approximately $610,396.50. This trade represents a 17.63% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders have acquired 49,500 shares of company stock worth $1,252,855. 1.91% of the stock is owned by company insiders.

Institutional Trading of Texas Capital Bancshares

Large investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC boosted its stake in Texas Capital Bancshares by 10.0% in the third quarter. GAMMA Investing LLC now owns 1,332 shares of the bank’s stock valued at $113,000 after acquiring an additional 121 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its stake in shares of Texas Capital Bancshares by 4.5% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 2,902 shares of the bank’s stock worth $245,000 after purchasing an additional 126 shares during the last quarter. Arizona State Retirement System increased its stake in shares of Texas Capital Bancshares by 0.9% during the 3rd quarter. Arizona State Retirement System now owns 13,575 shares of the bank’s stock worth $1,147,000 after purchasing an additional 126 shares during the last quarter. Commonwealth Equity Services LLC raised its holdings in shares of Texas Capital Bancshares by 2.3% in the 4th quarter. Commonwealth Equity Services LLC now owns 6,079 shares of the bank’s stock worth $550,000 after purchasing an additional 135 shares during the period. Finally, PNC Financial Services Group Inc. lifted its stake in Texas Capital Bancshares by 4.0% in the third quarter. PNC Financial Services Group Inc. now owns 3,665 shares of the bank’s stock valued at $310,000 after purchasing an additional 142 shares during the last quarter. Hedge funds and other institutional investors own 96.88% of the company’s stock.

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.