Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Receives Consensus Recommendation of “Hold” from Analysts

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) has been given an average recommendation of “Hold” by the sixteen ratings firms that are covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $74.00.

Several brokerages recently commented on TCBI. Bank of America raised Texas Capital Bancshares from an “underperform” rating to a “buy” rating and raised their price objective for the stock from $51.00 to $77.00 in a research note on Monday, September 9th. Raymond James upgraded Texas Capital Bancshares from a “market perform” rating to an “outperform” rating and set a $78.00 price objective for the company in a research report on Tuesday, September 17th. DA Davidson raised their target price on shares of Texas Capital Bancshares from $73.00 to $81.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. JPMorgan Chase & Co. upped their price target on shares of Texas Capital Bancshares from $72.00 to $80.00 and gave the company an “underweight” rating in a report on Friday, October 18th. Finally, StockNews.com upgraded shares of Texas Capital Bancshares from a “sell” rating to a “hold” rating in a report on Wednesday, November 6th.

Texas Capital Bancshares Trading Up 0.2 %

NASDAQ:TCBI opened at $88.64 on Tuesday. The firm has a market capitalization of $4.10 billion, a price-to-earnings ratio of 492.44, a PEG ratio of 0.84 and a beta of 1.14. Texas Capital Bancshares has a 1-year low of $54.68 and a 1-year high of $91.80. The business’s 50-day moving average price is $79.30 and its two-hundred day moving average price is $68.63. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.22.

Texas Capital Bancshares (NASDAQ:TCBI) last released its quarterly earnings data on Thursday, October 17th. The bank reported $1.62 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.65. Texas Capital Bancshares had a net margin of 1.40% and a return on equity of 8.06%. The business had revenue of $304.91 million for the quarter, compared to analyst estimates of $279.64 million. On average, equities analysts expect that Texas Capital Bancshares will post 4.15 earnings per share for the current year.

Insider Activity at Texas Capital Bancshares

In other Texas Capital Bancshares news, Director Robert W. Stallings purchased 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 22nd. The shares were acquired at an average price of $21.28 per share, for a total transaction of $425,600.00. Following the purchase, the director now owns 84,587 shares in the company, valued at approximately $1,800,011.36. The trade was a 30.97 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 1.53% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Texas Capital Bancshares

Several large investors have recently modified their holdings of TCBI. Geode Capital Management LLC raised its holdings in Texas Capital Bancshares by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,145,271 shares of the bank’s stock valued at $81,856,000 after acquiring an additional 13,022 shares during the period. Wellington Management Group LLP increased its stake in shares of Texas Capital Bancshares by 15.4% during the third quarter. Wellington Management Group LLP now owns 1,123,221 shares of the bank’s stock worth $80,265,000 after purchasing an additional 150,301 shares during the period. AQR Capital Management LLC lifted its holdings in Texas Capital Bancshares by 87.0% during the 2nd quarter. AQR Capital Management LLC now owns 1,087,715 shares of the bank’s stock worth $65,219,000 after purchasing an additional 506,094 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Texas Capital Bancshares by 1.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 570,839 shares of the bank’s stock valued at $40,792,000 after purchasing an additional 10,171 shares during the period. Finally, American Century Companies Inc. grew its holdings in Texas Capital Bancshares by 43.8% in the 2nd quarter. American Century Companies Inc. now owns 562,507 shares of the bank’s stock valued at $34,392,000 after buying an additional 171,263 shares in the last quarter. 96.88% of the stock is owned by institutional investors.

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.