Shares of Texas Capital Bancshares Inc (NASDAQ:TCBI) have been assigned an average recommendation of “Hold” from the seventeen analysts that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $100.05.
Several analysts have recently weighed in on TCBI shares. Zacks Investment Research upgraded shares of Texas Capital Bancshares from a “hold” rating to a “buy” rating and set a $104.00 price objective for the company in a research note on Tuesday, December 26th. Stephens reiterated a “hold” rating on shares of Texas Capital Bancshares in a research note on Tuesday, March 6th. BidaskClub lowered shares of Texas Capital Bancshares from a “hold” rating to a “sell” rating in a research note on Tuesday, December 12th. SunTrust Banks reiterated a “buy” rating and issued a $100.00 price objective on shares of Texas Capital Bancshares in a research note on Wednesday, November 29th. Finally, Bank of America lifted their price objective on shares of Texas Capital Bancshares from $110.00 to $112.00 and gave the company a “buy” rating in a research note on Thursday, January 25th.
Shares of Texas Capital Bancshares (TCBI) opened at $95.85 on Friday. The firm has a market cap of $4,688.01, a price-to-earnings ratio of 23.14, a PEG ratio of 1.30 and a beta of 1.75. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.28 and a quick ratio of 1.23. Texas Capital Bancshares has a one year low of $69.65 and a one year high of $102.90.
Texas Capital Bancshares (NASDAQ:TCBI) last released its quarterly earnings data on Wednesday, January 24th. The bank reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.03. The company had revenue of $230.02 million during the quarter, compared to analyst estimates of $219.78 million. Texas Capital Bancshares had a net margin of 20.67% and a return on equity of 10.85%. During the same quarter in the previous year, the business posted $0.96 EPS. analysts expect that Texas Capital Bancshares will post 6.07 earnings per share for the current fiscal year.
In other news, CEO C Keith Cargill acquired 2,000 shares of the business’s stock in a transaction on Tuesday, February 6th. The shares were purchased at an average cost of $90.60 per share, with a total value of $181,200.00. Following the acquisition, the chief executive officer now directly owns 82,286 shares of the company’s stock, valued at $7,455,111.60. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Ian J. Turpin sold 1,186 shares of Texas Capital Bancshares stock in a transaction on Friday, March 2nd. The stock was sold at an average price of $89.55, for a total transaction of $106,206.30. Following the transaction, the director now directly owns 9,491 shares in the company, valued at $849,919.05. The disclosure for this sale can be found here. Company insiders own 0.48% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of TCBI. Eagle Asset Management Inc. boosted its holdings in Texas Capital Bancshares by 791.5% during the 3rd quarter. Eagle Asset Management Inc. now owns 776,161 shares of the bank’s stock worth $67,448,000 after acquiring an additional 689,096 shares during the last quarter. Carillon Tower Advisers Inc. purchased a new position in Texas Capital Bancshares during the 4th quarter worth $42,292,000. Copper Rock Capital Partners LLC purchased a new position in Texas Capital Bancshares during the 4th quarter worth $28,414,000. Bank of New York Mellon Corp boosted its holdings in Texas Capital Bancshares by 22.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,149,203 shares of the bank’s stock worth $98,602,000 after acquiring an additional 208,235 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in Texas Capital Bancshares by 118.9% during the 4th quarter. Victory Capital Management Inc. now owns 378,250 shares of the bank’s stock worth $33,626,000 after acquiring an additional 205,490 shares during the last quarter.
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Texas Capital Bancshares Company Profile
Texas Capital Bancshares, Inc is a bank holding and a financial holding company. The Company is the parent of Texas Capital Bank, National Association (the Bank). It offers a range of loan, deposit account and other financial products and services to its customers. It offers a range of products and services for its business customers, including commercial loans for general corporate purposes, including financing for working capital, internal growth, acquisitions and financing for business insurance premiums; medium- and long-term tax-exempt loans for municipalities and other governmental and tax-exempt entities; wealth management and trust services, and letters of credit.
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