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

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) has been assigned an average rating of “Hold” from the thirteen analysts that are currently covering the firm, Marketbeat reports. Three analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $104.0909.

Several analysts have recently issued reports on the stock. Wall Street Zen lowered shares of Texas Capital Bancshares from a “hold” rating to a “sell” rating in a research report on Saturday. Zacks Research lowered shares of Texas Capital Bancshares from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 30th. Royal Bank Of Canada boosted their price target on shares of Texas Capital Bancshares from $110.00 to $114.00 and gave the company a “sector perform” rating in a research report on Friday, April 24th. JPMorgan Chase & Co. reduced their price objective on shares of Texas Capital Bancshares from $105.00 to $100.00 and set an “underweight” rating for the company in a research note on Wednesday, April 1st. Finally, Citigroup boosted their price objective on shares of Texas Capital Bancshares from $88.00 to $96.00 and gave the company a “sell” rating in a research note on Tuesday, April 28th.

Insider Activity at Texas Capital Bancshares

In related news, insider Anna M. Alvarado sold 3,500 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $100.95, for a total transaction of $353,325.00. Following the completion of the transaction, the insider owned 23,810 shares of the company’s stock, valued at approximately $2,403,619.50. The trade was a 12.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Rob C. Holmes sold 49,500 shares of the business’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $101.22, for a total transaction of $5,010,390.00. Following the transaction, the chief executive officer directly owned 167,635 shares of the company’s stock, valued at approximately $16,968,014.70. This represents a 22.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 102,100 shares of company stock valued at $10,366,023. 1.91% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Texas Capital Bancshares

Several hedge funds have recently bought and sold shares of TCBI. Norges Bank purchased a new position in Texas Capital Bancshares during the fourth quarter valued at approximately $51,728,000. AQR Capital Management LLC grew its stake in Texas Capital Bancshares by 25.1% in the 3rd quarter. AQR Capital Management LLC now owns 1,919,194 shares of the bank’s stock worth $162,229,000 after buying an additional 384,748 shares in the last quarter. Balyasny Asset Management L.P. grew its stake in Texas Capital Bancshares by 2,707.2% in the 3rd quarter. Balyasny Asset Management L.P. now owns 348,936 shares of the bank’s stock worth $29,496,000 after buying an additional 336,506 shares in the last quarter. Algert Global LLC grew its stake in Texas Capital Bancshares by 731.5% in the 3rd quarter. Algert Global LLC now owns 294,840 shares of the bank’s stock worth $24,923,000 after buying an additional 259,380 shares in the last quarter. Finally, Alyeska Investment Group L.P. purchased a new position in Texas Capital Bancshares in the 4th quarter worth approximately $23,174,000. Hedge funds and other institutional investors own 96.88% of the company’s stock.

Texas Capital Bancshares Stock Performance

NASDAQ TCBI opened at $103.40 on Wednesday. The company’s 50 day moving average is $100.27 and its 200-day moving average is $98.20. Texas Capital Bancshares has a 12-month low of $75.41 and a 12-month high of $108.92. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.27. The firm has a market cap of $4.52 billion, a P/E ratio of 13.90, a price-to-earnings-growth ratio of 1.47 and a beta of 0.67.

Texas Capital Bancshares (NASDAQ:TCBI) last posted its quarterly earnings results on Thursday, April 23rd. The bank reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.16. Texas Capital Bancshares had a net margin of 17.71% and a return on equity of 10.76%. The company had revenue of $323.99 million for the quarter, compared to analyst estimates of $318.10 million. During the same quarter in the previous year, the firm posted $0.92 earnings per share. The company’s quarterly revenue was up 15.5% compared to the same quarter last year. Sell-side analysts predict that Texas Capital Bancshares will post 7.63 earnings per share for the current year.

Texas Capital Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $0.80 annualized dividend and a yield of 0.8%. Texas Capital Bancshares’s payout ratio is currently 10.75%.

Texas Capital Bancshares Company Profile

Texas Capital Bancshares, Inc is a bank holding company headquartered in Dallas, Texas, operating through its wholly owned subsidiary, Texas Capital Bank. The company specializes in providing commercial banking services to middle-market companies, entrepreneurs, professional service firms, real estate developers, and not-for-profit organizations. Its broad range of offerings includes commercial lending, treasury and cash management, real estate finance, equipment finance, and energy lending, all designed to address the unique financial needs of businesses navigating growth and market challenges.

In addition to its core commercial banking capabilities, Texas Capital Bancshares delivers private banking and wealth management services for business owners and high-net-worth individuals.