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

Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) have earned a consensus rating of “Hold” from the thirteen ratings firms that are currently covering the company, Marketbeat reports. Three research analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $104.0909.

Several brokerages recently weighed in on TCBI. Zacks Research cut shares of Texas Capital Bancshares from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 30th. Piper Sandler boosted their price objective on shares of Texas Capital Bancshares from $96.00 to $100.00 and gave the stock a “neutral” rating in a research note on Friday, April 24th. JPMorgan Chase & Co. reduced their price objective on shares of Texas Capital Bancshares from $105.00 to $100.00 and set an “underweight” rating on the stock in a research note on Wednesday, April 1st. Royal Bank Of Canada boosted their price objective on shares of Texas Capital Bancshares from $110.00 to $114.00 and gave the stock a “sector perform” rating in a research note on Friday, April 24th. Finally, Citigroup boosted their price objective on shares of Texas Capital Bancshares from $88.00 to $96.00 and gave the stock a “sell” rating in a research note on Tuesday, April 28th.

Insiders Place Their Bets

In other Texas Capital Bancshares news, insider Anna M. Alvarado sold 3,500 shares of the company’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $100.95, for a total transaction of $353,325.00. Following the sale, the insider owned 23,810 shares of the company’s stock, valued at approximately $2,403,619.50. This represents a 12.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Rob C. Holmes sold 49,500 shares of the company’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $101.22, for a total transaction of $5,010,390.00. Following the sale, the chief executive officer directly owned 167,635 shares in the company, valued at $16,968,014.70. This trade represents a 22.80% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 102,100 shares of company stock worth $10,366,023 in the last ninety days. Insiders own 1.91% of the company’s stock.

Institutional Trading of Texas Capital Bancshares

A number of institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. raised its holdings in shares of Texas Capital Bancshares by 5.7% during the third quarter. JPMorgan Chase & Co. now owns 263,975 shares of the bank’s stock valued at $22,314,000 after purchasing an additional 14,240 shares during the period. Picton Mahoney Asset Management acquired a new position in shares of Texas Capital Bancshares during the third quarter valued at about $4,299,000. Hillsdale Investment Management Inc. raised its holdings in shares of Texas Capital Bancshares by 57,777.8% during the fourth quarter. Hillsdale Investment Management Inc. now owns 52,090 shares of the bank’s stock valued at $4,716,000 after purchasing an additional 52,000 shares during the period. William Blair Investment Management LLC raised its holdings in shares of Texas Capital Bancshares by 17.2% during the fourth quarter. William Blair Investment Management LLC now owns 468,000 shares of the bank’s stock valued at $42,373,000 after purchasing an additional 68,539 shares during the period. Finally, Faithward Advisors LLC acquired a new position in shares of Texas Capital Bancshares during the third quarter valued at about $3,817,000. Institutional investors own 96.88% of the company’s stock.

Texas Capital Bancshares Stock Performance

Shares of Texas Capital Bancshares stock opened at $101.35 on Wednesday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.27. Texas Capital Bancshares has a twelve month low of $75.41 and a twelve month high of $108.92. The stock has a market cap of $4.43 billion, a price-to-earnings ratio of 13.62, a P/E/G ratio of 1.41 and a beta of 0.67. The company’s fifty day moving average is $100.24 and its 200 day moving average is $97.99.

Texas Capital Bancshares (NASDAQ:TCBI) last issued its quarterly earnings data on Thursday, April 23rd. The bank reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.16. Texas Capital Bancshares had a net margin of 17.71% and a return on equity of 10.76%. The company had revenue of $323.99 million for the quarter, compared to analysts’ expectations of $318.10 million. During the same quarter in the previous year, the firm posted $0.92 earnings per share. Texas Capital Bancshares’s revenue for the quarter was up 15.5% on a year-over-year basis. Sell-side analysts forecast that Texas Capital Bancshares will post 7.63 EPS for the current year.

Texas Capital Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $0.80 dividend on an annualized basis and a yield of 0.8%. Texas Capital Bancshares’s dividend payout ratio is 10.75%.

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.