Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Receives Average Rating of “Hold” from Brokerages

Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) have been given a consensus recommendation of “Hold” by the sixteen research firms that are currently covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $74.75.

Several research firms have recently commented on TCBI. Barclays increased their price target on shares of Texas Capital Bancshares from $60.00 to $71.00 and gave the company an “underweight” rating in a research report on Thursday, December 5th. Hovde Group increased their price target on Texas Capital Bancshares from $73.00 to $79.00 and gave the company a “market perform” rating in a report on Friday, October 18th. Piper Sandler cut Texas Capital Bancshares from an “overweight” rating to a “neutral” rating and boosted their price target for the stock from $77.00 to $82.00 in a research note on Friday, October 18th. Royal Bank of Canada boosted their price objective on Texas Capital Bancshares from $73.00 to $83.00 and gave the company a “sector perform” rating in a report on Friday, October 18th. Finally, JPMorgan Chase & Co. lowered their target price on Texas Capital Bancshares from $86.00 to $81.00 and set an “underweight” rating for the company in a report on Tuesday, January 7th.

Texas Capital Bancshares Stock Up 2.3 %

Shares of NASDAQ:TCBI opened at $80.74 on Wednesday. Texas Capital Bancshares has a 1-year low of $54.68 and a 1-year high of $91.80. The firm has a fifty day moving average price of $82.65 and a 200 day moving average price of $73.87. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a market cap of $3.73 billion, a P/E ratio of 448.56, a P/E/G ratio of 0.66 and a beta of 1.17.

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

Insider Buying and Selling at Texas Capital Bancshares

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

Institutional Trading of Texas Capital Bancshares

Several large investors have recently added to or reduced their stakes in TCBI. AlphaMark Advisors LLC lifted its stake in shares of Texas Capital Bancshares by 2.6% in the 3rd quarter. AlphaMark Advisors LLC now owns 5,396 shares of the bank’s stock valued at $386,000 after purchasing an additional 139 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of Texas Capital Bancshares by 89.9% during the 3rd quarter. Blue Trust Inc. now owns 357 shares of the bank’s stock worth $26,000 after acquiring an additional 169 shares in the last quarter. State of Alaska Department of Revenue increased its holdings in shares of Texas Capital Bancshares by 3.5% during the 3rd quarter. State of Alaska Department of Revenue now owns 5,366 shares of the bank’s stock valued at $383,000 after acquiring an additional 180 shares during the last quarter. Coldstream Capital Management Inc. raised its stake in shares of Texas Capital Bancshares by 5.3% in the 3rd quarter. Coldstream Capital Management Inc. now owns 4,309 shares of the bank’s stock valued at $309,000 after acquiring an additional 217 shares in the last quarter. Finally, Tectonic Advisors LLC lifted its holdings in Texas Capital Bancshares by 1.1% in the 3rd quarter. Tectonic Advisors LLC now owns 22,818 shares of the bank’s stock worth $1,631,000 after purchasing an additional 244 shares during the last quarter. 96.88% of the stock is owned by 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.