Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Receives $78.00 Consensus PT from Analysts

Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) have been given an average recommendation of “Hold” by the fourteen analysts that are covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $78.00.

Several analysts have recently weighed in on TCBI shares. Raymond James reduced their price objective on shares of Texas Capital Bancshares from $87.00 to $80.00 and set an “outperform” rating for the company in a research report on Monday, April 21st. DA Davidson reduced their price target on shares of Texas Capital Bancshares from $81.00 to $76.00 and set a “neutral” rating for the company in a research report on Monday, April 21st. Hovde Group cut their price objective on shares of Texas Capital Bancshares from $84.00 to $75.00 and set a “market perform” rating for the company in a research report on Monday, April 21st. Stephens cut their price objective on shares of Texas Capital Bancshares from $95.00 to $90.00 and set an “overweight” rating for the company in a research report on Monday, April 21st. Finally, Barclays cut their price objective on shares of Texas Capital Bancshares from $73.00 to $70.00 and set an “underweight” rating for the company in a research report on Tuesday, April 8th.

Texas Capital Bancshares Stock Up 0.2%

Shares of NASDAQ:TCBI opened at $75.54 on Friday. The company has a market capitalization of $3.47 billion, a PE ratio of 59.02, a P/E/G ratio of 0.75 and a beta of 0.65. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.22. Texas Capital Bancshares has a twelve month low of $56.24 and a twelve month high of $91.80. The firm has a 50 day simple moving average of $70.93 and a 200-day simple moving average of $75.58.

Texas Capital Bancshares (NASDAQ:TCBI) last issued its quarterly earnings data on Thursday, April 17th. The bank reported $0.92 earnings per share for the quarter, missing the consensus estimate of $0.99 by ($0.07). The company had revenue of $280.48 million for the quarter, compared to analysts’ expectations of $284.40 million. Texas Capital Bancshares had a return on equity of 9.14% and a net margin of 3.99%. On average, equities analysts predict that Texas Capital Bancshares will post 5.84 EPS for the current fiscal year.

Insider Transactions at Texas Capital Bancshares

In related news, Director Robert W. Stallings purchased 7,000 shares of the stock in a transaction dated Monday, June 2nd. The shares were acquired at an average cost of $19.78 per share, with a total value of $138,460.00. Following the purchase, the director now directly owns 255,913 shares in the company, valued at $5,061,959.14. This trade represents a 2.81% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders have purchased a total of 19,300 shares of company stock valued at $846,265 in the last ninety days. 1.72% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Texas Capital Bancshares

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of Texas Capital Bancshares by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 4,697,274 shares of the bank’s stock worth $367,327,000 after purchasing an additional 20,245 shares during the period. T. Rowe Price Investment Management Inc. grew its stake in Texas Capital Bancshares by 0.8% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 3,332,471 shares of the bank’s stock valued at $248,936,000 after acquiring an additional 26,786 shares during the last quarter. AQR Capital Management LLC grew its stake in Texas Capital Bancshares by 84.8% in the 1st quarter. AQR Capital Management LLC now owns 1,432,771 shares of the bank’s stock valued at $105,395,000 after acquiring an additional 657,630 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in Texas Capital Bancshares by 9.2% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 813,028 shares of the bank’s stock valued at $60,733,000 after acquiring an additional 68,195 shares during the last quarter. Finally, Northern Trust Corp grew its stake in Texas Capital Bancshares by 12.0% in the 4th quarter. Northern Trust Corp now owns 660,478 shares of the bank’s stock valued at $51,649,000 after acquiring an additional 70,804 shares during the last quarter. 96.88% of the stock is owned by institutional investors and hedge funds.

About Texas Capital Bancshares

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.