Texas Capital Bancshares (NASDAQ:TCBI) PT Lowered to $73.00

Texas Capital Bancshares (NASDAQ:TCBI) had its target price dropped by analysts at Stephens from $78.00 to $73.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm currently has an “overweight” rating on the bank’s stock. Stephens’ price target suggests a potential upside of 24.40% from the stock’s current price.

A number of other analysts have also recently weighed in on TCBI. Hovde Group decreased their price target on shares of Texas Capital Bancshares from $87.50 to $61.50 and set a “market perform” rating for the company in a research note on Friday. UBS Group increased their price target on shares of Texas Capital Bancshares from $56.00 to $57.00 and gave the stock a “sell” rating in a research note on Tuesday, January 23rd. Royal Bank of Canada cut their price objective on shares of Texas Capital Bancshares from $68.00 to $66.00 and set a “sector perform” rating for the company in a research report on Tuesday, April 9th. Truist Financial downgraded shares of Texas Capital Bancshares from a “buy” rating to a “hold” rating and cut their price objective for the stock from $72.00 to $66.00 in a research report on Monday, April 1st. Finally, Mizuho restated a “hold” rating and set a $66.00 price objective (down previously from $72.00) on shares of Texas Capital Bancshares in a research report on Monday, April 1st. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $63.13.

Texas Capital Bancshares Stock Up 4.8 %

Shares of NASDAQ:TCBI opened at $58.68 on Friday. The stock has a market cap of $2.78 billion, a P/E ratio of 17.78, a P/E/G ratio of 1.98 and a beta of 1.19. The firm has a fifty day moving average price of $58.89 and a 200 day moving average price of $59.01. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.03 and a quick ratio of 1.01. Texas Capital Bancshares has a 1-year low of $42.79 and a 1-year high of $66.18.

Texas Capital Bancshares (NASDAQ:TCBI) last issued its quarterly earnings results on Thursday, January 18th. The bank reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.24). The business had revenue of $245.85 million for the quarter, compared to analyst estimates of $251.96 million. Texas Capital Bancshares had a return on equity of 7.05% and a net margin of 9.66%. During the same quarter in the prior year, the company earned $0.87 EPS. Sell-side analysts predict that Texas Capital Bancshares will post 3.54 EPS for the current year.

Insider Activity

In related news, Director Robert W. Stallings purchased 5,000 shares of the business’s stock in a transaction dated Monday, January 22nd. The stock was acquired at an average price of $18.95 per share, for a total transaction of $94,750.00. Following the acquisition, the director now directly owns 101,706 shares of the company’s stock, valued at approximately $1,927,328.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Director Thomas E. Long purchased 2,000 shares of the business’s stock in a transaction dated Tuesday, February 27th. The stock was acquired at an average price of $58.78 per share, for a total transaction of $117,560.00. Following the acquisition, the director now directly owns 7,542 shares of the company’s stock, valued at approximately $443,318.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Robert W. Stallings acquired 5,000 shares of the stock in a transaction that occurred on Monday, January 22nd. The stock was acquired at an average cost of $18.95 per share, for a total transaction of $94,750.00. Following the completion of the purchase, the director now owns 101,706 shares in the company, valued at approximately $1,927,328.70. The disclosure for this purchase can be found here. Insiders purchased 28,000 shares of company stock worth $612,850 in the last 90 days. 0.99% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Texas Capital Bancshares

A number of large investors have recently added to or reduced their stakes in TCBI. Raymond James Financial Services Advisors Inc. acquired a new stake in Texas Capital Bancshares in the 1st quarter valued at about $261,000. HighTower Advisors LLC grew its stake in Texas Capital Bancshares by 3.7% in the 1st quarter. HighTower Advisors LLC now owns 9,383 shares of the bank’s stock valued at $537,000 after acquiring an additional 337 shares during the last quarter. Natixis Advisors L.P. grew its stake in Texas Capital Bancshares by 3.1% in the 1st quarter. Natixis Advisors L.P. now owns 10,722 shares of the bank’s stock valued at $614,000 after acquiring an additional 326 shares during the last quarter. MetLife Investment Management LLC grew its stake in Texas Capital Bancshares by 39.3% in the 1st quarter. MetLife Investment Management LLC now owns 58,686 shares of the bank’s stock valued at $3,363,000 after acquiring an additional 16,567 shares during the last quarter. Finally, Rhumbline Advisers grew its stake in Texas Capital Bancshares by 0.8% in the 1st quarter. Rhumbline Advisers now owns 163,297 shares of the bank’s stock valued at $9,359,000 after acquiring an additional 1,327 shares during the last quarter. 96.88% of the stock is owned by institutional investors and hedge funds.

Texas Capital Bancshares Company Profile

Texas Capital Bancshares, Inc operates as the bank holding company for Texas Capital Bank, is a full-service financial services firm that delivers customized solutions to businesses, entrepreneurs, and individual customers. The company offers commercial banking; consumer banking; investment banking solutions, including capital markets, mergers and acquisitions, and syndicated finance, as well as financial sponsor coverage, capital solutions, and institutional services; and wealth management services, such as investment management, financial planning, lockbox and insurance, securities-based lending, estate planning, and business succession, as well as philanthropic, trustee and executor, custom credit, and depository services.