Texas Capital Bancshares (NASDAQ:TCBI) Given New $87.00 Price Target at DA Davidson

Texas Capital Bancshares (NASDAQ:TCBI) had its price objective lowered by analysts at DA Davidson from $90.00 to $87.00 in a report issued on Friday,Benzinga reports. The firm presently has a “neutral” rating on the bank’s stock. DA Davidson’s target price points to a potential upside of 13.14% from the company’s current price.

Several other equities analysts also recently commented on the stock. Hovde Group upped their price objective on shares of Texas Capital Bancshares from $73.00 to $79.00 and gave the company a “market perform” rating in a report on Friday, October 18th. Barclays increased their price objective on shares of Texas Capital Bancshares from $60.00 to $71.00 and gave the company an “underweight” rating in a research note on Thursday, December 5th. JPMorgan Chase & Co. reduced their price objective on shares of Texas Capital Bancshares from $86.00 to $81.00 and set an “underweight” rating on the stock in a research note on Tuesday, January 7th. Truist Financial lifted their target price on shares of Texas Capital Bancshares from $80.00 to $86.00 and gave the stock a “hold” rating in a research note on Monday, October 21st. Finally, Piper Sandler cut Texas Capital Bancshares from an “overweight” rating to a “neutral” rating and increased their price target for the stock from $77.00 to $82.00 in a report on Friday, October 18th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $76.33.

Texas Capital Bancshares Stock Performance

Shares of TCBI stock opened at $76.90 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.01 and a current ratio of 1.01. Texas Capital Bancshares has a 52 week low of $54.68 and a 52 week high of $91.80. The company’s 50 day moving average price is $81.95 and its two-hundred day moving average price is $74.23. The company has a market capitalization of $3.55 billion, a P/E ratio of 428.87, a price-to-earnings-growth ratio of 0.73 and a beta of 1.17.

Texas Capital Bancshares (NASDAQ:TCBI) last posted its quarterly earnings data on Thursday, January 23rd. The bank reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.36. Texas Capital Bancshares had a return on equity of 8.06% and a net margin of 1.40%. On average, analysts expect that Texas Capital Bancshares will post 4.08 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Texas Capital Bancshares

Hedge funds have recently made changes to their positions in the business. Blue Trust Inc. increased its stake in shares of Texas Capital Bancshares by 89.9% during the third quarter. Blue Trust Inc. now owns 357 shares of the bank’s stock valued at $26,000 after buying an additional 169 shares during the period. Icon Wealth Advisors LLC purchased a new stake in shares of Texas Capital Bancshares in the 3rd quarter worth about $31,000. R Squared Ltd bought a new stake in shares of Texas Capital Bancshares during the 4th quarter valued at about $41,000. Meeder Asset Management Inc. bought a new position in Texas Capital Bancshares in the third quarter worth about $71,000. Finally, CWM LLC boosted its position in shares of Texas Capital Bancshares by 69.8% during the third quarter. CWM LLC now owns 1,611 shares of the bank’s stock valued at $115,000 after purchasing an additional 662 shares in the last quarter. 96.88% of the stock is currently 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.