Analysts Set Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Target Price at $88.10

Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) have been assigned a consensus recommendation of “Hold” from the fourteen analysts that are currently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $88.10.

Several research analysts recently commented on TCBI shares. Cowen began coverage on shares of Texas Capital Bancshares in a research note on Wednesday, September 24th. They issued a “hold” rating on the stock. TD Cowen raised shares of Texas Capital Bancshares to a “hold” rating in a report on Thursday, September 25th. Keefe, Bruyette & Woods upped their price objective on shares of Texas Capital Bancshares from $98.00 to $100.00 and gave the company an “outperform” rating in a research note on Monday, October 27th. Hovde Group increased their target price on shares of Texas Capital Bancshares from $85.00 to $93.00 and gave the stock a “market perform” rating in a report on Thursday, October 23rd. Finally, Piper Sandler raised their target price on Texas Capital Bancshares from $84.00 to $86.00 and gave the stock a “neutral” rating in a research note on Thursday, October 23rd.

Insiders Place Their Bets

In other Texas Capital Bancshares news, Director Robert W. Stallings acquired 5,000 shares of the business’s stock in a transaction dated Monday, October 27th. The shares were purchased at an average cost of $20.68 per share, for a total transaction of $103,400.00. Following the transaction, the director owned 275,913 shares in the company, valued at $5,705,880.84. This represents a 1.85% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.72% of the company’s stock.

Institutional Trading of Texas Capital Bancshares

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Allworth Financial LP boosted its holdings in Texas Capital Bancshares by 195.0% in the third quarter. Allworth Financial LP now owns 646 shares of the bank’s stock valued at $55,000 after acquiring an additional 427 shares in the last quarter. CIBC Private Wealth Group LLC raised its holdings in Texas Capital Bancshares by 85.5% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,484 shares of the bank’s stock worth $125,000 after purchasing an additional 684 shares in the last quarter. CIBC Bancorp USA Inc. purchased a new stake in shares of Texas Capital Bancshares in the 3rd quarter worth about $410,000. Faithward Advisors LLC bought a new stake in shares of Texas Capital Bancshares during the 3rd quarter valued at about $3,817,000. Finally, Danske Bank A S bought a new stake in shares of Texas Capital Bancshares during the 3rd quarter valued at about $25,000. Hedge funds and other institutional investors own 96.88% of the company’s stock.

Texas Capital Bancshares Trading Down 0.2%

Shares of TCBI stock opened at $93.29 on Friday. The business has a 50-day moving average of $85.83 and a 200 day moving average of $83.64. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.00 and a quick ratio of 1.00. Texas Capital Bancshares has a 1-year low of $59.37 and a 1-year high of $94.61. The stock has a market capitalization of $4.26 billion, a PE ratio of 15.27, a P/E/G ratio of 0.60 and a beta of 0.68.

Texas Capital Bancshares (NASDAQ:TCBI) last announced its quarterly earnings data on Wednesday, October 22nd. The bank reported $2.18 earnings per share for the quarter, beating the consensus estimate of $1.77 by $0.41. The firm had revenue of $340.35 million during the quarter, compared to the consensus estimate of $327.13 million. Texas Capital Bancshares had a return on equity of 9.51% and a net margin of 15.14%.The business’s revenue was up 171.6% on a year-over-year basis. During the same quarter in the previous year, the company posted ($1.41) earnings per share. As a group, sell-side analysts anticipate that Texas Capital Bancshares will post 5.84 earnings per share for the current year.

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.