Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Given Consensus Rating of “Hold” by Brokerages

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) has earned a consensus recommendation of “Hold” from the eight analysts that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $64.50.

TCBI has been the topic of several recent research reports. Barclays initiated coverage on Texas Capital Bancshares in a report on Friday, March 8th. They issued an “underweight” rating and a $47.00 price target on the stock. UBS Group increased their target price on Texas Capital Bancshares from $56.00 to $57.00 and gave the company a “sell” rating in a research note on Tuesday, January 23rd. Royal Bank of Canada increased their target price on Texas Capital Bancshares from $65.00 to $68.00 and gave the company a “sector perform” rating in a research note on Friday, January 19th. Citigroup cut their target price on Texas Capital Bancshares from $66.00 to $64.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 13th. Finally, Truist Financial increased their target price on Texas Capital Bancshares from $70.00 to $72.00 and gave the company a “buy” rating in a research note on Monday, January 22nd.

Texas Capital Bancshares Price Performance

Texas Capital Bancshares stock opened at $60.77 on Thursday. The business’s 50-day simple moving average is $60.05 and its 200 day simple moving average is $59.23. The stock has a market cap of $2.88 billion, a price-to-earnings ratio of 17.17, a P/E/G ratio of 2.02 and a beta of 1.18. Texas Capital Bancshares has a 12-month low of $42.79 and a 12-month high of $66.18. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.30.

Texas Capital Bancshares (NASDAQ:TCBI) last posted its quarterly earnings results on Thursday, January 18th. The bank reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.24). The firm had revenue of $245.85 million during the quarter, compared to the consensus estimate of $251.96 million. Texas Capital Bancshares had a net margin of 10.56% and a return on equity of 7.28%. During the same quarter in the prior year, the business earned $0.87 EPS. As a group, research analysts anticipate that Texas Capital Bancshares will post 3.67 earnings per share for the current year.

Insider Activity

In other Texas Capital Bancshares news, Director Robert W. Stallings acquired 5,000 shares of the business’s stock in a transaction dated Thursday, January 25th. The shares were acquired at an average price of $19.09 per share, for a total transaction of $95,450.00. Following the acquisition, the director now directly owns 117,706 shares of the company’s stock, valued at approximately $2,247,007.54. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Texas Capital Bancshares news, Director Thomas E. Long acquired 2,000 shares of the business’s stock in a transaction dated Tuesday, February 27th. The shares were 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert W. Stallings bought 5,000 shares of the business’s stock in a transaction on Thursday, January 25th. The stock was purchased at an average price of $19.09 per share, for a total transaction of $95,450.00. Following the purchase, the director now directly owns 117,706 shares in the company, valued at approximately $2,247,007.54. The disclosure for this purchase can be found here. Insiders have acquired 28,000 shares of company stock worth $612,850 in the last 90 days. Corporate insiders own 1.53% of the company’s stock.

Institutional Investors Weigh In On Texas Capital Bancshares

Institutional investors have recently bought and sold shares of the company. Wellington Management Group LLP lifted its stake in Texas Capital Bancshares by 78.0% in the 3rd quarter. Wellington Management Group LLP now owns 559,200 shares of the bank’s stock valued at $32,937,000 after acquiring an additional 245,074 shares in the last quarter. Citigroup Inc. lifted its stake in Texas Capital Bancshares by 900.0% in the 2nd quarter. Citigroup Inc. now owns 71,410 shares of the bank’s stock valued at $3,678,000 after acquiring an additional 64,269 shares in the last quarter. Walleye Capital LLC lifted its stake in Texas Capital Bancshares by 63.9% in the 3rd quarter. Walleye Capital LLC now owns 174,311 shares of the bank’s stock valued at $10,267,000 after acquiring an additional 67,964 shares in the last quarter. New York State Common Retirement Fund lifted its stake in Texas Capital Bancshares by 131.9% in the 3rd quarter. New York State Common Retirement Fund now owns 150,829 shares of the bank’s stock valued at $8,884,000 after acquiring an additional 85,793 shares in the last quarter. Finally, First Dallas Securities Inc. bought a new stake in Texas Capital Bancshares in the 3rd quarter valued at approximately $1,178,000. Institutional investors own 96.88% of the company’s stock.

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.