Brokerages Set Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Price Target at $65.19

Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) have received a consensus recommendation of “Reduce” from the thirteen ratings firms that are covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $65.19.

TCBI has been the subject of several research reports. Raymond James downgraded Texas Capital Bancshares from a “strong-buy” rating to a “market perform” rating in a research note on Thursday, April 4th. Truist Financial lifted their price target on Texas Capital Bancshares from $62.00 to $70.00 and gave the stock a “hold” rating in a research note on Monday, July 22nd. Stephens lifted their price target on Texas Capital Bancshares from $73.00 to $75.00 and gave the stock an “overweight” rating in a research note on Friday, July 19th. Hovde Group cut their price target on Texas Capital Bancshares from $87.50 to $61.50 and set a “market perform” rating for the company in a research note on Friday, April 19th. Finally, Citigroup reaffirmed a “sell” rating and set a $60.00 price target on shares of Texas Capital Bancshares in a research note on Monday, July 22nd.

Insider Activity at Texas Capital Bancshares

In related news, Director Robert W. Stallings acquired 3,000 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The stock was bought at an average price of $19.36 per share, with a total value of $58,080.00. Following the purchase, the director now directly owns 169,706 shares in the company, valued at approximately $3,285,508.16. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, Director Robert W. Stallings acquired 6,000 shares of the company’s stock in a transaction dated Monday, May 20th. The stock was bought at an average price of $19.52 per share, with a total value of $117,120.00. Following the purchase, the director now directly owns 163,706 shares in the company, valued at approximately $3,195,541.12. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Robert W. Stallings acquired 3,000 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The shares were bought at an average cost of $19.36 per share, with a total value of $58,080.00. Following the purchase, the director now owns 169,706 shares in the company, valued at $3,285,508.16. The disclosure for this purchase can be found here. In the last quarter, insiders bought 15,504 shares of company stock valued at $303,178. 0.99% of the stock is owned by insiders.

Institutional Trading of Texas Capital Bancshares

Institutional investors have recently modified their holdings of the company. CWM LLC grew its holdings in shares of Texas Capital Bancshares by 426.6% during the 1st quarter. CWM LLC now owns 674 shares of the bank’s stock worth $41,000 after purchasing an additional 546 shares during the period. Mather Group LLC. purchased a new stake in shares of Texas Capital Bancshares during the 1st quarter worth about $50,000. Fidelis Capital Partners LLC purchased a new stake in shares of Texas Capital Bancshares during the 1st quarter worth about $54,000. Headlands Technologies LLC grew its holdings in shares of Texas Capital Bancshares by 41.9% during the 4th quarter. Headlands Technologies LLC now owns 1,613 shares of the bank’s stock worth $104,000 after purchasing an additional 476 shares during the period. Finally, Keener Financial Planning LLC purchased a new stake in shares of Texas Capital Bancshares during the 4th quarter worth about $139,000. Hedge funds and other institutional investors own 96.88% of the company’s stock.

Texas Capital Bancshares Price Performance

Shares of NASDAQ TCBI opened at $67.30 on Wednesday. The firm has a market capitalization of $3.11 billion, a P/E ratio of 20.39, a PEG ratio of 1.78 and a beta of 1.15. Texas Capital Bancshares has a one year low of $52.89 and a one year high of $72.07. The company’s fifty day moving average is $61.05 and its two-hundred day moving average is $60.29. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.99 and a current ratio of 1.00.

Texas Capital Bancshares (NASDAQ:TCBI) last issued its earnings results on Thursday, July 18th. The bank reported $0.80 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.06). The company had revenue of $472.49 million for the quarter, compared to analysts’ expectations of $268.02 million. Texas Capital Bancshares had a return on equity of 6.05% and a net margin of 8.08%. During the same quarter in the previous year, the firm posted $1.33 earnings per share. Analysts forecast that Texas Capital Bancshares will post 3.32 EPS for the current fiscal year.

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.