Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Receives $74.75 Consensus Target Price from Analysts

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) has earned an average recommendation of “Hold” from the sixteen research firms that are currently covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $74.75.

A number of research firms have recently issued reports on TCBI. StockNews.com upgraded Texas Capital Bancshares from a “sell” rating to a “hold” rating in a research note on Wednesday, November 6th. DA Davidson boosted their target price on shares of Texas Capital Bancshares from $73.00 to $81.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. JPMorgan Chase & Co. cut their price objective on Texas Capital Bancshares from $86.00 to $81.00 and set an “underweight” rating for the company in a research report on Tuesday, January 7th. Hovde Group boosted their target price on Texas Capital Bancshares from $73.00 to $79.00 and gave the stock a “market perform” rating in a research report on Friday, October 18th. Finally, Royal Bank of Canada upped their price target on shares of Texas Capital Bancshares from $73.00 to $83.00 and gave the company a “sector perform” rating in a research note on Friday, October 18th.

Texas Capital Bancshares Price Performance

Shares of TCBI stock opened at $80.74 on Wednesday. Texas Capital Bancshares has a twelve month low of $54.68 and a twelve month high of $91.80. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.22. The business’s fifty day moving average is $82.65 and its 200 day moving average is $73.87. The stock has a market cap of $3.73 billion, a price-to-earnings ratio of 448.56, a PEG ratio of 0.66 and a beta of 1.17.

Texas Capital Bancshares (NASDAQ:TCBI) last issued its earnings results on Thursday, October 17th. The bank reported $1.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.65. The business had revenue of $304.91 million during the quarter, compared to analysts’ expectations of $279.64 million. Texas Capital Bancshares had a net margin of 1.40% and a return on equity of 8.06%. Research analysts expect that Texas Capital Bancshares will post 4.08 EPS for the current fiscal year.

Insider Transactions at Texas Capital Bancshares

In other news, Director Robert W. Stallings acquired 20,000 shares of Texas Capital Bancshares stock in a transaction that occurred on Tuesday, October 22nd. The stock was purchased at an average price of $21.28 per share, for a total transaction of $425,600.00. Following the purchase, the director now directly owns 84,587 shares in the company, valued at $1,800,011.36. The trade was a 30.97 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 1.53% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in TCBI. Nisa Investment Advisors LLC increased its holdings in Texas Capital Bancshares by 5.3% in the 4th quarter. Nisa Investment Advisors LLC now owns 8,948 shares of the bank’s stock worth $700,000 after buying an additional 450 shares during the period. Moody National Bank Trust Division boosted its position in Texas Capital Bancshares by 9.5% during the fourth quarter. Moody National Bank Trust Division now owns 17,371 shares of the bank’s stock worth $1,358,000 after acquiring an additional 1,508 shares during the last quarter. Cim Investment Management Inc. acquired a new position in Texas Capital Bancshares during the third quarter worth $212,000. Sanctuary Advisors LLC purchased a new stake in Texas Capital Bancshares in the 3rd quarter valued at $310,000. Finally, Teachers Retirement System of The State of Kentucky increased its stake in shares of Texas Capital Bancshares by 19.5% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 56,606 shares of the bank’s stock worth $4,045,000 after acquiring an additional 9,225 shares during the last quarter. 96.88% of the stock is owned by institutional investors and hedge funds.

About Texas Capital Bancshares

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.