Texas Capital Bancshares (NASDAQ:TCBI) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Texas Capital Bancshares (NASDAQ:TCBI) from a sell rating to a hold rating in a research note published on Wednesday.

Other research analysts also recently issued reports about the company. Stephens lifted their target price on Texas Capital Bancshares from $73.00 to $75.00 and gave the company an “overweight” rating in a research report on Friday, July 19th. Barclays lifted their price objective on shares of Texas Capital Bancshares from $49.00 to $60.00 and gave the company an “underweight” rating in a report on Friday, October 18th. Royal Bank of Canada boosted their price objective on shares of Texas Capital Bancshares from $73.00 to $83.00 and gave the stock a “sector perform” rating in a research report on Friday, October 18th. Hovde Group raised their target price on shares of Texas Capital Bancshares from $73.00 to $79.00 and gave the company a “market perform” rating in a research report on Friday, October 18th. Finally, Keefe, Bruyette & Woods reissued an “outperform” rating and set a $74.00 price target on shares of Texas Capital Bancshares in a research report on Monday, September 9th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $74.00.

Texas Capital Bancshares Price Performance

TCBI stock opened at $85.48 on Wednesday. The stock has a 50-day moving average price of $72.99 and a two-hundred day moving average price of $65.34. Texas Capital Bancshares has a 1 year low of $53.16 and a 1 year high of $86.00. The stock has a market cap of $3.95 billion, a PE ratio of 474.89, a price-to-earnings-growth ratio of 0.72 and a beta of 1.12. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.22.

Insider Buying and Selling

In other Texas Capital Bancshares news, Director Robert W. Stallings purchased 20,000 shares of the business’s stock in a transaction on Tuesday, October 22nd. The stock was acquired at an average price of $21.28 per share, with a total value of $425,600.00. Following the acquisition, the director now directly owns 84,587 shares of the company’s stock, valued at $1,800,011.36. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.99% of the stock is owned by insiders.

Hedge Funds Weigh In On Texas Capital Bancshares

Several large investors have recently modified their holdings of the stock. AlphaMark Advisors LLC boosted its holdings in shares of Texas Capital Bancshares by 2.6% during the 3rd quarter. AlphaMark Advisors LLC now owns 5,396 shares of the bank’s stock worth $386,000 after buying an additional 139 shares during the period. Blue Trust Inc. lifted its position in Texas Capital Bancshares by 89.9% during the third quarter. Blue Trust Inc. now owns 357 shares of the bank’s stock worth $26,000 after acquiring an additional 169 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in shares of Texas Capital Bancshares by 3.5% during the third quarter. State of Alaska Department of Revenue now owns 5,366 shares of the bank’s stock worth $383,000 after acquiring an additional 180 shares during the period. Tectonic Advisors LLC grew its position in shares of Texas Capital Bancshares by 1.1% in the third quarter. Tectonic Advisors LLC now owns 22,818 shares of the bank’s stock valued at $1,631,000 after purchasing an additional 244 shares during the last quarter. Finally, SummerHaven Investment Management LLC increased its stake in shares of Texas Capital Bancshares by 1.9% during the second quarter. SummerHaven Investment Management LLC now owns 13,540 shares of the bank’s stock worth $828,000 after purchasing an additional 257 shares during the period. 96.88% of the stock is owned by institutional investors.

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.