Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Receives Average Recommendation of “Hold” from Analysts

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) has earned an average rating of “Hold” from the thirteen ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $106.1667.

A number of equities research analysts have commented on the stock. Wall Street Zen downgraded shares of Texas Capital Bancshares from a “hold” rating to a “sell” rating in a research report on Saturday, June 27th. JPMorgan Chase & Co. lifted their price objective on shares of Texas Capital Bancshares from $105.00 to $110.00 and gave the stock an “underweight” rating in a research report on Wednesday, July 1st. Citigroup upgraded shares of Texas Capital Bancshares from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $96.00 to $105.00 in a research note on Tuesday, June 30th. Weiss Ratings reissued a “buy (b)” rating on shares of Texas Capital Bancshares in a report on Monday, July 6th. Finally, Zacks Research cut Texas Capital Bancshares from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 30th.

Texas Capital Bancshares Stock Performance

Shares of Texas Capital Bancshares stock opened at $105.07 on Friday. The business has a 50-day simple moving average of $100.86 and a 200-day simple moving average of $99.16. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.01 and a current ratio of 1.01. Texas Capital Bancshares has a one year low of $75.41 and a one year high of $108.92. The company has a market cap of $4.59 billion, a PE ratio of 14.12, a P/E/G ratio of 1.51 and a beta of 0.67.

Texas Capital Bancshares (NASDAQ:TCBI) last issued its earnings results on Thursday, April 23rd. The bank reported $1.58 earnings per share for the quarter, beating 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 firm had revenue of $323.99 million for the quarter, compared to analysts’ expectations of $318.10 million. During the same quarter last year, the company earned $0.92 earnings per share. The firm’s revenue was up 15.5% compared to the same quarter last year. On average, equities research analysts forecast that Texas Capital Bancshares will post 7.56 EPS for the current fiscal year.

Texas Capital Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were issued a $0.20 dividend. The ex-dividend date was Monday, June 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.8%. Texas Capital Bancshares’s dividend payout ratio is presently 10.75%.

Insider Activity

In other news, CEO Rob C. Holmes sold 49,500 shares of the firm’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $101.22, for a total transaction of $5,010,390.00. Following the sale, the chief executive officer owned 167,635 shares of the company’s stock, valued at approximately $16,968,014.70. This trade 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 business’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $100.95, for a total value 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. The trade was a 12.82% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 102,100 shares of company stock worth $10,366,023 in the last three months. Corporate insiders own 1.91% of the company’s stock.

Institutional Trading of Texas Capital Bancshares

Institutional investors have recently modified their holdings of the stock. Danske Bank A S acquired a new position in shares of Texas Capital Bancshares in the 3rd quarter valued at $25,000. Farther Finance Advisors LLC raised 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 worth $30,000 after acquiring an additional 304 shares in the last quarter. Root Financial Partners LLC lifted its position in Texas Capital Bancshares by 85.2% in the first quarter. Root Financial Partners LLC now owns 326 shares of the bank’s stock valued at $31,000 after acquiring an additional 150 shares during the last quarter. Advisory Services Network LLC purchased a new stake in Texas Capital Bancshares in the third quarter valued at $32,000. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its stake in Texas Capital Bancshares by 169.7% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 391 shares of the bank’s stock valued at $35,000 after acquiring an additional 246 shares in 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.