Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Receives $64.45 Average PT from Analysts

Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) have been assigned an average rating of “Reduce” from the twelve brokerages that are currently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $63.13.

TCBI has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. reduced their price objective on shares of Texas Capital Bancshares from $70.00 to $65.00 and set an “underweight” rating for the company in a research report on Thursday, April 4th. Royal Bank of Canada reduced their price objective on shares of Texas Capital Bancshares from $68.00 to $66.00 and set a “sector perform” rating for the company in a research report on Tuesday, April 9th. Wedbush reduced their price objective on shares of Texas Capital Bancshares from $64.00 to $61.00 and set a “neutral” rating for the company in a research report on Friday. Barclays initiated coverage on shares of Texas Capital Bancshares in a report on Friday, March 8th. They issued an “underweight” rating and a $47.00 target price for the company. Finally, Mizuho reaffirmed a “hold” rating and issued a $66.00 target price (down from $72.00) on shares of Texas Capital Bancshares in a report on Monday, April 1st.

Texas Capital Bancshares Price Performance

Shares of NASDAQ:TCBI opened at $58.68 on Monday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.30. The company has a market cap of $2.78 billion, a P/E ratio of 16.58, a PEG ratio of 1.97 and a beta of 1.19. Texas Capital Bancshares has a 52 week low of $42.79 and a 52 week high of $66.18. The company has a 50-day moving average price of $58.89 and a 200 day moving average price of $59.00.

Texas Capital Bancshares (NASDAQ:TCBI) last announced its quarterly earnings data on Thursday, January 18th. The bank reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.24). The firm had revenue of $245.85 million during the quarter, compared to analyst estimates of $251.96 million. Texas Capital Bancshares had a net margin of 10.56% and a return on equity of 7.28%. During the same quarter in the previous year, the business earned $0.87 EPS. Research analysts predict that Texas Capital Bancshares will post 3.55 earnings per share for the current year.

Insider Transactions at Texas Capital Bancshares

In other Texas Capital Bancshares news, Director Robert W. Stallings acquired 5,000 shares of the company’s stock in a transaction dated Thursday, January 25th. The stock was acquired at an average cost of $19.09 per share, with a total value of $95,450.00. Following the purchase, the director now directly owns 117,706 shares in the company, valued at approximately $2,247,007.54. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. In other Texas Capital Bancshares news, Director Robert W. Stallings acquired 6,000 shares of the company’s stock in a transaction dated Monday, February 5th. The stock was acquired at an average cost of $18.64 per share, with a total value of $111,840.00. Following the purchase, the director now directly owns 146,706 shares in the company, valued at approximately $2,734,599.84. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Robert W. Stallings bought 5,000 shares of the stock in a transaction on Thursday, January 25th. The stock was purchased at an average cost of $19.09 per share, with a total value of $95,450.00. Following the completion of the purchase, the director now directly owns 117,706 shares in the company, valued at approximately $2,247,007.54. The disclosure for this purchase can be found here. Insiders acquired a total of 28,000 shares of company stock valued at $612,850 in the last ninety days. Corporate insiders own 0.99% of the company’s stock.

Institutional Trading of Texas Capital Bancshares

Several hedge funds and other institutional investors have recently bought and sold shares of TCBI. Raymond James Financial Services Advisors Inc. purchased a new stake in Texas Capital Bancshares in the 1st quarter worth approximately $261,000. HighTower Advisors LLC grew its stake in Texas Capital Bancshares by 3.7% in the 1st quarter. HighTower Advisors LLC now owns 9,383 shares of the bank’s stock worth $537,000 after acquiring an additional 337 shares during the period. Natixis Advisors L.P. grew its stake in Texas Capital Bancshares by 3.1% in the 1st quarter. Natixis Advisors L.P. now owns 10,722 shares of the bank’s stock worth $614,000 after acquiring an additional 326 shares during the period. MetLife Investment Management LLC grew its stake in Texas Capital Bancshares by 39.3% in the 1st quarter. MetLife Investment Management LLC now owns 58,686 shares of the bank’s stock worth $3,363,000 after acquiring an additional 16,567 shares during the period. Finally, Rhumbline Advisers grew its stake in Texas Capital Bancshares by 0.8% in the 1st quarter. Rhumbline Advisers now owns 163,297 shares of the bank’s stock worth $9,359,000 after acquiring an additional 1,327 shares during the period. 96.88% of the stock is owned by hedge funds and other institutional investors.

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.