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

Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) have been assigned a consensus rating of “Hold” from the thirteen brokerages that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $105.8333.

Several research firms have recently weighed in on TCBI. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Texas Capital Bancshares in a report on Monday, July 6th. Citigroup lifted their price objective on Texas Capital Bancshares from $105.00 to $107.00 and gave the company a “neutral” rating in a research note on Friday, July 24th. Royal Bank Of Canada boosted their target price on Texas Capital Bancshares from $110.00 to $114.00 and gave the stock a “sector perform” rating in a research report on Friday, April 24th. TD Cowen decreased their target price on Texas Capital Bancshares from $109.00 to $106.00 and set a “hold” rating on the stock in a research note on Monday, July 27th. Finally, Wall Street Zen cut Texas Capital Bancshares from a “hold” rating to a “sell” rating in a report on Saturday, June 27th.

Texas Capital Bancshares Price Performance

Shares of NASDAQ:TCBI opened at $98.20 on Thursday. The company has a 50 day moving average of $101.43 and a 200 day moving average of $99.79. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.15. The stock has a market cap of $4.27 billion, a P/E ratio of 12.77, a P/E/G ratio of 1.22 and a beta of 0.68. Texas Capital Bancshares has a 12 month low of $75.41 and a 12 month high of $108.92.

Texas Capital Bancshares (NASDAQ:TCBI) last posted its earnings results on Wednesday, July 22nd. The bank reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.87 by $0.01. Texas Capital Bancshares had a net margin of 17.90% and a return on equity of 10.86%. The business had revenue of $335.50 million for the quarter, compared to analysts’ expectations of $333.37 million. During the same period in the prior year, the company posted $1.63 EPS. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Texas Capital Bancshares will post 7.39 EPS for the current fiscal year.

Texas Capital Bancshares Dividend Announcement

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

Insider Activity at Texas Capital Bancshares

In other Texas Capital Bancshares 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 value of $353,325.00. Following the completion of the transaction, the insider owned 23,810 shares of the company’s stock, valued at $2,403,619.50. The trade was a 12.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Rob C. Holmes sold 49,500 shares of Texas Capital Bancshares stock in a transaction on Monday, June 8th. The stock was sold at an average price of $101.22, for a total transaction of $5,010,390.00. Following the sale, the chief executive officer directly owned 167,635 shares of the company’s stock, 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 104,145 shares of company stock valued at $10,570,584 over the last three months. 1.91% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Texas Capital Bancshares

Several institutional investors have recently modified their holdings of the company. Danske Bank A S bought a new stake in Texas Capital Bancshares in the 3rd quarter worth approximately $25,000. Farther Finance Advisors LLC boosted its stake in Texas Capital Bancshares by 1,381.8% in the fourth quarter. Farther Finance Advisors LLC now owns 326 shares of the bank’s stock worth $30,000 after buying an additional 304 shares in the last quarter. Root Financial Partners LLC boosted its stake in Texas Capital Bancshares by 85.2% in the first quarter. Root Financial Partners LLC now owns 326 shares of the bank’s stock worth $31,000 after buying an additional 150 shares in the last quarter. Advisory Services Network LLC bought a new position in Texas Capital Bancshares during the third quarter valued at approximately $32,000. Finally, Eurizon Capital SGR S.p.A. bought a new position in Texas Capital Bancshares during the fourth quarter valued at approximately $36,000. 96.88% of the stock is currently owned by institutional investors.

About Texas Capital Bancshares

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.