Texas Capital Bancshares (NASDAQ:TCBI) Cut to “Sell” at Wall Street Zen

Texas Capital Bancshares (NASDAQ:TCBI) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Saturday.

A number of other research analysts have also weighed in on the stock. JPMorgan Chase & Co. decreased their price target 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. Piper Sandler boosted their price objective on Texas Capital Bancshares from $96.00 to $100.00 and gave the stock a “neutral” rating in a research note on Friday, April 24th. Royal Bank Of Canada increased their target price on Texas Capital Bancshares from $110.00 to $114.00 and gave the company a “sector perform” rating in a report on Friday, April 24th. Zacks Research downgraded Texas Capital Bancshares from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 30th. Finally, Citigroup lifted their price target on Texas Capital Bancshares from $88.00 to $96.00 and gave the stock a “sell” rating in a research note on Tuesday, April 28th. Four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $104.09.

Texas Capital Bancshares Stock Performance

NASDAQ:TCBI opened at $103.40 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a market capitalization of $4.52 billion, a PE ratio of 13.90, a P/E/G ratio of 1.47 and a beta of 0.67. Texas Capital Bancshares has a fifty-two week low of $75.41 and a fifty-two week high of $108.92. The company has a fifty day moving average of $100.27 and a two-hundred day moving average of $98.17.

Texas Capital Bancshares (NASDAQ:TCBI) last announced its earnings results on Thursday, April 23rd. The bank reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.16. The business had revenue of $323.99 million for the quarter, compared to analyst estimates of $318.10 million. Texas Capital Bancshares had a net margin of 17.71% and a return on equity of 10.76%. The company’s revenue for the quarter was up 15.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.92 earnings per share. As a group, research analysts forecast that Texas Capital Bancshares will post 7.63 earnings per share for the current fiscal year.

Insider Transactions at Texas Capital Bancshares

In related news, CEO Rob C. Holmes sold 49,500 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief executive officer owned 167,635 shares of the company’s stock, valued at approximately $16,968,014.70. This represents a 22.80% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Anna M. Alvarado sold 3,500 shares of the stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $100.95, for a total transaction of $353,325.00. Following the completion of the sale, the insider owned 23,810 shares of the company’s stock, valued at approximately $2,403,619.50. The trade was a 12.82% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 102,100 shares of company stock worth $10,366,023 over the last 90 days. 1.91% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Texas Capital Bancshares

Several hedge funds and other institutional investors have recently made changes to their positions in TCBI. Evolve Private Wealth LLC grew its stake in shares of Texas Capital Bancshares by 1.7% in the 1st quarter. Evolve Private Wealth LLC now owns 5,987 shares of the bank’s stock valued at $568,000 after purchasing an additional 98 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Texas Capital Bancshares by 9.8% during the fourth quarter. GAMMA Investing LLC now owns 1,463 shares of the bank’s stock worth $132,000 after purchasing an additional 131 shares during the last quarter. Commonwealth Equity Services LLC raised its stake in shares of Texas Capital Bancshares by 2.3% during the fourth 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 last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Texas Capital Bancshares by 4.0% during the third quarter. PNC Financial Services Group Inc. now owns 3,665 shares of the bank’s stock worth $310,000 after purchasing an additional 142 shares during the period. Finally, Root Financial Partners LLC lifted its holdings in shares of Texas Capital Bancshares by 85.2% during the first quarter. Root Financial Partners LLC now owns 326 shares of the bank’s stock worth $31,000 after purchasing an additional 150 shares during the period. Institutional investors and hedge funds own 96.88% of the company’s stock.

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.