Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Receives $65.19 Consensus PT from Analysts

Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) have received an average rating of “Reduce” from the thirteen research firms that are covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $65.19.

TCBI has been the subject of several analyst reports. Wedbush boosted their target price on Texas Capital Bancshares from $62.00 to $70.00 and gave the stock a “neutral” rating in a report on Friday, July 19th. Raymond James cut shares of Texas Capital Bancshares from a “strong-buy” rating to a “market perform” rating in a research note on Thursday, April 4th. JPMorgan Chase & Co. raised their target price on shares of Texas Capital Bancshares from $63.00 to $70.00 and gave the company an “underweight” rating in a research note on Tuesday, July 23rd. Royal Bank of Canada decreased their price target on shares of Texas Capital Bancshares from $68.00 to $66.00 and set a “sector perform” rating for the company in a report on Tuesday, April 9th. Finally, 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.

Insider Transactions at Texas Capital Bancshares

In other news, Director Robert W. Stallings bought 3,000 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The stock was acquired at an average cost of $19.50 per share, for a total transaction of $58,500.00. Following the completion of the purchase, the director now owns 156,706 shares of the company’s stock, valued at approximately $3,055,767. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Texas Capital Bancshares news, Director Robert W. Stallings purchased 3,000 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The stock was purchased at an average price of $19.50 per share, with a total value of $58,500.00. Following the completion of the transaction, the director now directly owns 156,706 shares of the company’s stock, valued at approximately $3,055,767. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Robert W. Stallings acquired 4,000 shares of the firm’s stock in a transaction on Thursday, July 25th. The shares were bought at an average cost of $20.62 per share, for a total transaction of $82,480.00. Following the completion of the acquisition, the director now directly owns 12,794 shares of the company’s stock, valued at approximately $263,812.28. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 19,504 shares of company stock valued at $385,658. 0.99% of the stock is owned by corporate insiders.

Institutional Trading of Texas Capital Bancshares

A number of large investors have recently bought and sold shares of TCBI. SummerHaven Investment Management LLC boosted its stake in shares of Texas Capital Bancshares by 1.4% in the 4th quarter. SummerHaven Investment Management LLC now owns 13,134 shares of the bank’s stock valued at $849,000 after purchasing an additional 175 shares in the last quarter. Retirement Systems of Alabama boosted its position in Texas Capital Bancshares by 0.3% in the fourth quarter. Retirement Systems of Alabama now owns 60,143 shares of the bank’s stock valued at $3,887,000 after buying an additional 208 shares in the last quarter. CWM LLC grew its stake in Texas Capital Bancshares by 40.8% during the second quarter. CWM LLC now owns 949 shares of the bank’s stock worth $58,000 after buying an additional 275 shares during the last quarter. ProShare Advisors LLC grew its stake in Texas Capital Bancshares by 3.3% during the first quarter. ProShare Advisors LLC now owns 10,804 shares of the bank’s stock worth $665,000 after buying an additional 344 shares during the last quarter. Finally, Innealta Capital LLC acquired a new stake in shares of Texas Capital Bancshares during the second quarter worth approximately $26,000. 96.88% of the stock is currently owned by institutional investors.

Texas Capital Bancshares Stock Up 1.9 %

Texas Capital Bancshares stock opened at $67.05 on Wednesday. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 0.23. Texas Capital Bancshares has a 1-year low of $52.89 and a 1-year high of $72.07. The firm’s fifty day simple moving average is $61.26 and its 200-day simple moving average is $60.34. The company has a market capitalization of $3.10 billion, a P/E ratio of 20.32, a P/E/G ratio of 1.75 and a beta of 1.15.

Texas Capital Bancshares (NASDAQ:TCBI) last posted its earnings results on Thursday, July 18th. The bank reported $0.80 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.06). The company had revenue of $472.49 million for the quarter, compared to the consensus estimate of $268.02 million. Texas Capital Bancshares had a net margin of 8.08% and a return on equity of 6.05%. During the same quarter last year, the business earned $1.33 earnings per share. Sell-side analysts forecast that Texas Capital Bancshares will post 3.34 earnings per share for the current fiscal year.

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.