Texas Capital Bancshares (NASDAQ:TCBI) Price Target Lowered to $97.00 at Stephens

Texas Capital Bancshares (NASDAQ:TCBI) had its price objective lowered by Stephens from $102.00 to $97.00 in a research report released on Tuesday,Benzinga reports. The brokerage currently has an overweight rating on the bank’s stock.

Several other research firms have also recently weighed in on TCBI. Royal Bank of Canada boosted their price objective on Texas Capital Bancshares from $73.00 to $83.00 and gave the stock a “sector perform” rating in a research report on Friday, October 18th. Piper Sandler cut Texas Capital Bancshares from an “overweight” rating to a “neutral” rating and increased their price objective for the company from $77.00 to $82.00 in a research report on Friday, October 18th. DA Davidson lowered their price objective on shares of Texas Capital Bancshares from $90.00 to $87.00 and set a “neutral” rating on the stock in a research note on Friday, January 24th. StockNews.com cut shares of Texas Capital Bancshares from a “hold” rating to a “sell” rating in a research note on Thursday, January 23rd. Finally, Barclays raised their price target on shares of Texas Capital Bancshares from $60.00 to $71.00 and gave the stock an “underweight” rating in a research report on Thursday, December 5th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $77.73.

Texas Capital Bancshares Stock Down 1.1 %

Shares of Texas Capital Bancshares stock opened at $77.83 on Tuesday. Texas Capital Bancshares has a 12-month low of $54.68 and a 12-month high of $91.80. The stock has a market capitalization of $3.60 billion, a P/E ratio of 432.39, a PEG ratio of 0.73 and a beta of 1.17. 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 stock has a 50 day moving average price of $81.45 and a two-hundred day moving average price of $74.73.

Texas Capital Bancshares (NASDAQ:TCBI) last posted its quarterly earnings data on Thursday, January 23rd. The bank reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.36. Texas Capital Bancshares had a net margin of 1.40% and a return on equity of 8.06%. Equities analysts expect that Texas Capital Bancshares will post 4.08 earnings per share for the current year.

Insider Activity at Texas Capital Bancshares

In other news, Director Robert W. Stallings purchased 2,006 shares of the business’s stock in a transaction that occurred on Monday, January 27th. The stock was purchased at an average cost of $20.99 per share, with a total value of $42,105.94. Following the acquisition, the director now directly owns 182,899 shares of the company’s stock, valued at approximately $3,839,050.01. This trade represents a 1.11 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.99% of the stock is owned by insiders.

Institutional Trading of Texas Capital Bancshares

Several hedge funds have recently modified their holdings of the company. Blue Trust Inc. boosted its holdings in shares of Texas Capital Bancshares by 89.9% in 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. Icon Wealth Advisors LLC bought a new stake in shares of Texas Capital Bancshares during the third quarter worth $31,000. R Squared Ltd acquired a new stake in shares of Texas Capital Bancshares in the fourth quarter valued at $41,000. Meeder Asset Management Inc. bought a new position in shares of Texas Capital Bancshares in the third quarter valued at about $71,000. Finally, CWM LLC raised its holdings in shares of Texas Capital Bancshares by 69.8% in the third quarter. CWM LLC now owns 1,611 shares of the bank’s stock valued at $115,000 after buying an additional 662 shares during the last quarter. Institutional investors and hedge funds own 96.88% of the company’s stock.

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.