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

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) has been given a consensus recommendation of “Hold” by the thirteen brokerages that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $106.1667.

Several equities analysts have commented on TCBI shares. Fundamental Research set a $110.00 price target on Texas Capital Bancshares in a report on Wednesday, July 1st. Wall Street Zen lowered shares of Texas Capital Bancshares from a “hold” rating to a “sell” rating in a research note on Saturday, June 27th. JPMorgan Chase & Co. lifted their target price on shares of Texas Capital Bancshares from $105.00 to $110.00 and gave the stock an “underweight” rating in a report on Wednesday, July 1st. Piper Sandler raised their price target on Texas Capital Bancshares from $96.00 to $100.00 and gave the company a “neutral” rating in a research report on Friday, April 24th. Finally, Citigroup boosted their price objective on Texas Capital Bancshares from $105.00 to $107.00 and gave the stock a “neutral” rating in a research report on Friday.

Texas Capital Bancshares Stock Up 0.6%

TCBI stock opened at $99.25 on Friday. The firm has a market cap of $4.33 billion, a PE ratio of 12.91, a PEG ratio of 1.44 and a beta of 0.67. Texas Capital Bancshares has a 1 year low of $75.41 and a 1 year high of $108.92. The company has a fifty day simple moving average of $101.32 and a 200 day simple moving average of $99.51. The company has a current ratio of 1.00, a quick ratio of 1.01 and a debt-to-equity ratio of 0.15.

Texas Capital Bancshares (NASDAQ:TCBI) last posted its earnings results on Wednesday, July 22nd. The bank reported $1.88 earnings per share for the quarter, beating the consensus estimate of $1.87 by $0.01. The company had revenue of $335.50 million for the quarter, compared to analyst estimates of $333.37 million. Texas Capital Bancshares had a return on equity of 10.86% and a net margin of 17.90%.The business’s revenue was up 9.1% compared to the same quarter last year. During the same period last year, the company earned $1.63 earnings per share. Sell-side analysts anticipate that Texas Capital Bancshares will post 7.41 EPS for the current fiscal year.

Texas Capital Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be issued a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.80 dividend on an annualized basis and a yield of 0.8%. Texas Capital Bancshares’s dividend payout ratio is 10.40%.

Insider Transactions at Texas Capital Bancshares

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

Hedge Funds Weigh In On Texas Capital Bancshares

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. raised its stake in Texas Capital Bancshares by 5.7% during the third quarter. JPMorgan Chase & Co. now owns 263,975 shares of the bank’s stock worth $22,314,000 after acquiring an additional 14,240 shares in the last quarter. Hillsdale Investment Management Inc. grew its holdings in shares of Texas Capital Bancshares by 57,777.8% in the 4th quarter. Hillsdale Investment Management Inc. now owns 52,090 shares of the bank’s stock worth $4,716,000 after purchasing an additional 52,000 shares during the last quarter. William Blair Investment Management LLC grew its holdings in shares of Texas Capital Bancshares by 17.2% in the 4th quarter. William Blair Investment Management LLC now owns 468,000 shares of the bank’s stock worth $42,373,000 after purchasing an additional 68,539 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Texas Capital Bancshares by 2.2% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 847,583 shares of the bank’s stock worth $76,740,000 after purchasing an additional 18,258 shares in the last quarter. Finally, Texas Capital Bank Wealth Management Services Inc lifted its holdings in Texas Capital Bancshares by 39.9% during the 4th quarter. Texas Capital Bank Wealth Management Services Inc now owns 349,089 shares of the bank’s stock valued at $31,607,000 after purchasing an additional 99,482 shares during the last quarter. 96.88% of the stock is owned by institutional investors.

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.