Brokerages Set Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Price Target at $62.88

Texas Capital Bancshares, Inc. (NASDAQ:TCBI – Get Rating) has earned a consensus recommendation of “Hold” from the twelve brokerages that are presently covering the stock, MarketBeat reports. Four analysts have rated the stock with a sell rating, three have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $61.56.

A number of equities research analysts have issued reports on the company. UBS Group initiated coverage on Texas Capital Bancshares in a research report on Wednesday. They set a “sell” rating and a $51.00 target price for the company. StockNews.com downgraded shares of Texas Capital Bancshares from a “hold” rating to a “sell” rating in a report on Monday, March 13th. DA Davidson reaffirmed a “neutral” rating on shares of Texas Capital Bancshares in a research report on Wednesday, December 21st. Truist Financial increased their target price on Texas Capital Bancshares from $68.00 to $80.00 and gave the company a “buy” rating in a research note on Friday, January 20th. Finally, TheStreet raised Texas Capital Bancshares from a “c+” rating to a “b” rating in a research report on Wednesday, January 18th.

Insiders Place Their Bets

In other Texas Capital Bancshares news, Director Robert W. Stallings acquired 3,000 shares of the company’s stock in a transaction dated Thursday, February 16th. The stock was bought at an average price of $21.94 per share, for a total transaction of $65,820.00. Following the purchase, the director now owns 30,000 shares in the company, valued at approximately $658,200. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Robert W. Stallings purchased 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 21st. The shares were acquired at an average price of $21.18 per share, with a total value of $211,800.00. Following the purchase, the director now directly owns 45,000 shares in the company, valued at $953,100. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert W. Stallings purchased 3,000 shares of the stock in a transaction on Thursday, February 16th. The stock was bought at an average price of $21.94 per share, for a total transaction of $65,820.00. Following the completion of the transaction, the director now directly owns 30,000 shares of the company’s stock, valued at $658,200. The disclosure for this purchase can be found here. Insiders have acquired 19,888 shares of company stock worth $430,333 over the last 90 days. Corporate insiders own 0.56% of the company’s stock.

Institutional Investors Weigh In On Texas Capital Bancshares

Institutional investors and hedge funds have recently made changes to their positions in the company. Quadrant Capital Group LLC increased its position in shares of Texas Capital Bancshares by 1,083.3% during the 4th quarter. Quadrant Capital Group LLC now owns 426 shares of the bank’s stock worth $26,000 after purchasing an additional 390 shares in the last quarter. Wipfli Financial Advisors LLC bought a new position in shares of Texas Capital Bancshares in the third quarter valued at approximately $35,000. Eagle Bay Advisors LLC boosted its holdings in shares of Texas Capital Bancshares by 65.9% in the 2nd quarter. Eagle Bay Advisors LLC now owns 720 shares of the bank’s stock worth $38,000 after acquiring an additional 286 shares in the last quarter. Rockefeller Capital Management L.P. grew its position in Texas Capital Bancshares by 25.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,049 shares of the bank’s stock worth $63,000 after acquiring an additional 210 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in Texas Capital Bancshares by 60.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,044 shares of the bank’s stock valued at $120,000 after purchasing an additional 767 shares in the last quarter. Institutional investors and hedge funds own 96.91% of the company’s stock.

Texas Capital Bancshares Price Performance

Shares of NASDAQ:TCBI opened at $53.96 on Friday. The stock has a market capitalization of $2.61 billion, a P/E ratio of 8.63, a P/E/G ratio of 1.72 and a beta of 1.31. The business has a 50-day moving average of $63.80 and a two-hundred day moving average of $60.97. Texas Capital Bancshares has a fifty-two week low of $45.81 and a fifty-two week high of $69.26. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.03 and a quick ratio of 1.03.

About Texas Capital Bancshares

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Texas Capital Bancshares, Inc is the holding company of Texas Capital Bank, which engages in the provision of financial services and customized solutions to businesses, entrepreneurs, and individual customers. The company was founded by George F. Jones, Jr. and Joseph M. Grant in November 1996 and is headquartered in Dallas, TX.