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

Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) have been given an average recommendation of “Hold” by the fifteen research firms that are covering the stock, MarketBeat reports. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $79.47.

A number of analysts recently weighed in on TCBI shares. Barclays increased 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 note on Thursday, December 5th. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $95.00 target price (down previously from $100.00) on shares of Texas Capital Bancshares in a research note on Wednesday, January 29th. Hovde Group lowered their price target on Texas Capital Bancshares from $90.00 to $84.00 and set a “market perform” rating on the stock in a report on Friday, March 7th. DA Davidson reduced their price objective on Texas Capital Bancshares from $90.00 to $87.00 and set a “neutral” rating for the company in a research note on Friday, January 24th. Finally, Stephens lowered their target price on Texas Capital Bancshares from $102.00 to $97.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 28th.

Texas Capital Bancshares Stock Up 1.8 %

Texas Capital Bancshares stock opened at $72.16 on Thursday. The company has a market capitalization of $3.32 billion, a P/E ratio of 56.38, a PEG ratio of 0.75 and a beta of 1.13. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.00 and a current ratio of 1.00. Texas Capital Bancshares has a fifty-two week low of $54.68 and a fifty-two week high of $91.80. The stock has a 50-day simple moving average of $78.45 and a 200-day simple moving average of $77.95.

Texas Capital Bancshares (NASDAQ:TCBI) last issued its quarterly earnings data on Thursday, January 23rd. The bank reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.36. Texas Capital Bancshares had a return on equity of 9.14% and a net margin of 3.99%. Equities research analysts expect that Texas Capital Bancshares will post 5.84 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Robert W. Stallings purchased 7,000 shares of the stock in a transaction on Tuesday, March 4th. The stock was purchased at an average price of $20.43 per share, with a total value of $143,010.00. Following the completion of the transaction, the director now owns 49,500 shares in the company, valued at approximately $1,011,285. The trade was a 16.47 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In the last three months, insiders bought 29,402 shares of company stock valued at $653,787. Company insiders own 0.99% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Amalgamated Bank grew its position in Texas Capital Bancshares by 0.8% in the fourth quarter. Amalgamated Bank now owns 20,791 shares of the bank’s stock valued at $1,626,000 after acquiring an additional 166 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in shares of Texas Capital Bancshares by 3.5% in the third quarter. State of Alaska Department of Revenue now owns 5,366 shares of the bank’s stock valued at $383,000 after purchasing an additional 180 shares during the period. Coldstream Capital Management Inc. grew its holdings in Texas Capital Bancshares by 5.3% during the 3rd quarter. Coldstream Capital Management Inc. now owns 4,309 shares of the bank’s stock valued at $309,000 after purchasing an additional 217 shares in the last quarter. Xponance Inc. increased its stake in Texas Capital Bancshares by 4.8% during the 4th quarter. Xponance Inc. now owns 6,569 shares of the bank’s stock worth $514,000 after buying an additional 300 shares during the period. Finally, Savant Capital LLC lifted its holdings in Texas Capital Bancshares by 5.7% in the 4th quarter. Savant Capital LLC now owns 5,604 shares of the bank’s stock worth $438,000 after buying an additional 303 shares in the last quarter. 96.88% of the stock is owned by hedge funds and other 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.