Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Stock Has Average Target Price of $104.75

Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) have received a consensus rating of “Hold” from the thirteen brokerages that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $104.75.

A number of analysts recently issued reports on TCBI shares. Fundamental Research set a $110.00 price objective on Texas Capital Bancshares in a research report on Wednesday, July 1st. Barclays raised Texas Capital Bancshares from an “underweight” rating to an “equal weight” rating and set a $100.00 price target for the company in a research note on Monday, August 3rd. Wall Street Zen raised Texas Capital Bancshares from a “sell” rating to a “hold” rating in a research note on Saturday, August 29th. Stephens dropped their price objective on Texas Capital Bancshares from $116.00 to $112.00 and set an “overweight” rating on the stock in a report on Thursday, July 23rd. Finally, Citigroup cut their price objective on shares of Texas Capital Bancshares from $107.00 to $104.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 22nd.

Insider Buying and Selling at Texas Capital Bancshares

In related news, insider Ellen Detrich sold 2,045 shares of Texas Capital Bancshares stock in a transaction on Friday, July 24th. The shares were sold at an average price of $100.03, for a total value of $204,561.35. Following the completion of the sale, the insider owned 7,529 shares of the company’s stock, valued at approximately $753,125.87. The trade was a 21.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.91% of the company’s stock.

Institutional Trading of Texas Capital Bancshares

Institutional investors and hedge funds have recently made changes to their positions in the stock. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Texas Capital Bancshares during the 2nd quarter valued at about $1,683,000. The Manufacturers Life Insurance Company acquired a new stake in Texas Capital Bancshares in the 2nd quarter valued at $4,228,000. Quantinno Capital Management LP grew its position in Texas Capital Bancshares by 288.1% in the first quarter. Quantinno Capital Management LP now owns 34,729 shares of the bank’s stock valued at $3,295,000 after acquiring an additional 25,781 shares during the period. BlackRock Inc. acquired a new position in Texas Capital Bancshares during the second quarter worth $578,148,000. Finally, Squarepoint Ops LLC acquired a new position in Texas Capital Bancshares during the second quarter worth $3,244,000. Institutional investors and hedge funds own 96.88% of the company’s stock.

Texas Capital Bancshares Price Performance

NASDAQ:TCBI opened at $93.76 on Friday. 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 50 day moving average of $97.71 and a 200-day moving average of $99.16. The firm has a market capitalization of $4.08 billion, a PE ratio of 12.19, a price-to-earnings-growth ratio of 1.14 and a beta of 0.63. Texas Capital Bancshares has a 52 week low of $75.41 and a 52 week high of $108.92.

Texas Capital Bancshares (NASDAQ:TCBI) last announced its earnings results on Wednesday, July 22nd. The bank reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $335.50 million during the quarter, compared to analyst estimates of $333.37 million. During the same quarter in the prior year, the firm posted $1.63 EPS. Texas Capital Bancshares’s revenue was up 9.1% compared to the same quarter last year. Analysts predict that Texas Capital Bancshares will post 7.39 EPS for the current year.

Texas Capital Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were paid a dividend of $0.20 per share. The ex-dividend date was Tuesday, September 1st. This represents a $0.80 annualized dividend and a dividend yield of 0.9%. Texas Capital Bancshares’s dividend payout ratio is 10.40%.

Texas Capital Bancshares Company Profile

Texas Capital Bancshares, Inc is the parent company of Texas Capital Bank, a full-service financial institution headquartered in Dallas, Texas. The bank provides banking and financial services primarily to businesses, entrepreneurs, professionals and high-net-worth individuals.

Its offerings include commercial and corporate banking, lending, treasury and cash-management services, investment banking, capital markets solutions, private wealth management and personal banking products. Texas Capital Bank also serves specialized industries and markets through expertise in areas such as real estate, energy, technology and healthcare.

Founded in 1998, Texas Capital Bank has expanded from its Texas roots to serve clients across the United States, with a particular focus on major Texas business centers.