Texas Capital Bancshares (NASDAQ:TCBI) Price Target Lowered to $74.00 at Keefe, Bruyette & Woods

Texas Capital Bancshares (NASDAQ:TCBI) had its target price reduced by Keefe, Bruyette & Woods from $76.00 to $74.00 in a research report released on Monday, Benzinga reports. They currently have an outperform rating on the bank’s stock.

Other equities analysts also recently issued research reports about the stock. Hovde Group decreased their price objective on shares of Texas Capital Bancshares from $87.50 to $61.50 and set a market perform rating for the company in a report on Friday. Jefferies Financial Group cut their target price on Texas Capital Bancshares from $70.00 to $61.00 and set a hold rating on the stock in a research note on Monday, April 8th. JPMorgan Chase & Co. cut their target price on Texas Capital Bancshares from $70.00 to $65.00 and set an underweight rating on the stock in a research note on Thursday, April 4th. Royal Bank of Canada cut their target price on Texas Capital Bancshares from $68.00 to $66.00 and set a sector perform rating on the stock in a research note on Tuesday, April 9th. Finally, Raymond James cut Texas Capital Bancshares from a strong-buy rating to a market perform rating in a research note on Thursday, April 4th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Texas Capital Bancshares has a consensus rating of Hold and a consensus price target of $63.58.

Texas Capital Bancshares Stock Performance

Texas Capital Bancshares stock opened at $59.20 on Monday. The company has a market cap of $2.81 billion, a PE ratio of 17.94, a P/E/G ratio of 2.08 and a beta of 1.19. The company has a fifty day moving average price of $58.88 and a two-hundred day moving average price of $59.03. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.00 and a quick ratio of 1.00. Texas Capital Bancshares has a 12 month low of $42.79 and a 12 month high of $66.18.

Insider Activity at Texas Capital Bancshares

In related news, Director Thomas E. Long acquired 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The shares were acquired at an average cost of $58.78 per share, for a total transaction of $117,560.00. Following the completion of the purchase, the director now directly owns 7,542 shares in the company, valued at $443,318.76. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Texas Capital Bancshares news, Director Thomas E. Long purchased 2,000 shares of the company’s stock in a transaction on Tuesday, February 27th. The shares were purchased at an average cost of $58.78 per share, for a total transaction of $117,560.00. Following the completion of the transaction, the director now owns 7,542 shares in the company, valued at $443,318.76. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert W. Stallings purchased 6,000 shares of the company’s stock in a transaction on Monday, February 5th. The stock was acquired at an average price of $18.64 per share, for a total transaction of $111,840.00. Following the completion of the transaction, the director now owns 146,706 shares of the company’s stock, valued at approximately $2,734,599.84. The disclosure for this purchase can be found here. Insiders have purchased a total of 23,000 shares of company stock worth $518,100 over the last ninety days. 0.99% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Texas Capital Bancshares

Several hedge funds and other institutional investors have recently bought and sold shares of TCBI. CWM LLC raised its position in Texas Capital Bancshares by 426.6% in the first quarter. CWM LLC now owns 674 shares of the bank’s stock worth $41,000 after acquiring an additional 546 shares in the last quarter. Atwood & Palmer Inc. bought a new stake in Texas Capital Bancshares in the third quarter worth about $47,000. Mather Group LLC. purchased a new position in Texas Capital Bancshares in the 1st quarter worth about $50,000. Headlands Technologies LLC increased its stake in Texas Capital Bancshares by 41.9% in the 4th quarter. Headlands Technologies LLC now owns 1,613 shares of the bank’s stock worth $104,000 after purchasing an additional 476 shares in the last quarter. Finally, Strs Ohio increased its stake in Texas Capital Bancshares by 133.3% in the 3rd quarter. Strs Ohio now owns 2,100 shares of the bank’s stock worth $123,000 after purchasing an additional 1,200 shares in the last quarter. 96.88% of the stock is currently owned by institutional investors.

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.