Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Given Average Rating of “Hold” by Analysts

Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) have been assigned a consensus recommendation of “Hold” from the sixteen research firms that are currently covering the firm, MarketBeat reports. Four analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $74.00.

Several research firms have recently weighed in on TCBI. Citigroup reiterated a “sell” rating and issued a $60.00 price objective on shares of Texas Capital Bancshares in a research note on Monday, July 22nd. Hovde Group lifted their price objective on shares of Texas Capital Bancshares from $73.00 to $79.00 and gave the company a “market perform” rating in a research note on Friday, October 18th. Raymond James upgraded shares of Texas Capital Bancshares from a “market perform” rating to an “outperform” rating and set a $78.00 price objective for the company in a research note on Tuesday, September 17th. StockNews.com upgraded shares of Texas Capital Bancshares from a “sell” rating to a “hold” rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Texas Capital Bancshares from $72.00 to $80.00 and gave the company an “underweight” rating in a research note on Friday, October 18th.

Insider Buying and Selling

In related news, Director Robert W. Stallings purchased 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 22nd. The shares were bought at an average cost of $21.28 per share, with a total value of $425,600.00. Following the acquisition, the director now owns 84,587 shares of the company’s stock, valued at $1,800,011.36. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.99% of the stock is owned by insiders.

Institutional Investors Weigh In On Texas Capital Bancshares

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TCBI. Innealta Capital LLC bought a new stake in Texas Capital Bancshares in the 2nd quarter valued at about $26,000. Blue Trust Inc. increased its position in shares of Texas Capital Bancshares by 89.9% during the third quarter. Blue Trust Inc. now owns 357 shares of the bank’s stock valued at $26,000 after buying an additional 169 shares during the period. Fidelis Capital Partners LLC bought a new stake in shares of Texas Capital Bancshares during the first quarter valued at about $54,000. CWM LLC increased its position in shares of Texas Capital Bancshares by 40.8% during the second quarter. CWM LLC now owns 949 shares of the bank’s stock valued at $58,000 after buying an additional 275 shares during the period. Finally, Meeder Asset Management Inc. bought a new stake in shares of Texas Capital Bancshares during the third quarter valued at about $71,000. 96.88% of the stock is currently owned by institutional investors.

Texas Capital Bancshares Stock Down 2.9 %

Texas Capital Bancshares stock opened at $82.97 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.01 and a current ratio of 1.01. Texas Capital Bancshares has a 52-week low of $53.16 and a 52-week high of $86.00. The firm has a 50 day moving average price of $73.32 and a two-hundred day moving average price of $65.46. The firm has a market cap of $3.83 billion, a price-to-earnings ratio of 460.94, a PEG ratio of 0.72 and a beta of 1.12.

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.