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

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) has earned a consensus rating of “Hold” from the fifteen brokerages that are covering the company, Marketbeat reports. Four investment analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $67.30.

TCBI has been the topic of several recent analyst reports. Bank of America raised Texas Capital Bancshares from an “underperform” rating to a “buy” rating and lifted their price target for the stock from $51.00 to $77.00 in a research report on Monday, September 9th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $74.00 price target on shares of Texas Capital Bancshares in a research report on Monday, September 9th. Stephens lifted their price target on Texas Capital Bancshares from $73.00 to $75.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. JPMorgan Chase & Co. lifted their price target on Texas Capital Bancshares from $70.00 to $73.00 and gave the stock an “underweight” rating in a research report on Monday, September 9th. Finally, DA Davidson lifted their price target on Texas Capital Bancshares from $65.00 to $74.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th.

Texas Capital Bancshares Stock Down 0.0 %

Shares of TCBI stock opened at $71.93 on Thursday. The stock’s 50 day simple moving average is $65.00 and its 200 day simple moving average is $61.32. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.99 and a current ratio of 1.00. Texas Capital Bancshares has a twelve month low of $52.89 and a twelve month high of $74.31. The company has a market capitalization of $3.32 billion, a price-to-earnings ratio of 21.80, a PEG ratio of 1.02 and a beta of 1.13.

Texas Capital Bancshares (NASDAQ:TCBI) last issued its quarterly earnings data on Thursday, July 18th. The bank reported $0.80 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.06). The company had revenue of $472.49 million during 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 period in the previous year, the business posted $1.33 earnings per share. As a group, research analysts predict that Texas Capital Bancshares will post 3.43 EPS for the current year.

Insider Buying and Selling at Texas Capital Bancshares

In related news, Director Robert W. Stallings purchased 10,000 shares of the stock in a transaction on Monday, July 29th. The shares were purchased at an average cost of $20.46 per share, for a total transaction of $204,600.00. Following the completion of the transaction, the director now directly owns 31,294 shares of the company’s stock, valued at approximately $640,275.24. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Director Robert W. Stallings purchased 10,000 shares of the stock in a transaction on Monday, July 29th. The shares were purchased at an average cost of $20.46 per share, for a total transaction of $204,600.00. Following the completion of the transaction, the director now directly owns 31,294 shares of the company’s stock, valued at approximately $640,275.24. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Robert W. Stallings bought 14,000 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The shares were acquired at an average price of $19.93 per share, for a total transaction of $279,020.00. Following the acquisition, the director now directly owns 55,294 shares of the company’s stock, valued at approximately $1,102,009.42. The disclosure for this purchase can be found here. Insiders have purchased 43,500 shares of company stock worth $876,400 over the last three months. Company insiders own 0.99% of the company’s stock.

Institutional Trading of Texas Capital Bancshares

Several large investors have recently made changes to their positions in the business. SummerHaven Investment Management LLC grew its holdings in shares of Texas Capital Bancshares by 1.9% during the second quarter. SummerHaven Investment Management LLC now owns 13,540 shares of the bank’s stock worth $828,000 after purchasing an additional 257 shares during the last quarter. CWM LLC grew its holdings in shares of 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 purchasing an additional 275 shares during the last quarter. ProShare Advisors LLC grew its holdings in shares of 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 purchasing an additional 344 shares during the last quarter. Innealta Capital LLC bought a new stake in shares of Texas Capital Bancshares during the second quarter worth $26,000. Finally, AlphaMark Advisors LLC boosted its holdings in Texas Capital Bancshares by 11.6% in the second quarter. AlphaMark Advisors LLC now owns 5,257 shares of the bank’s stock valued at $321,000 after acquiring an additional 546 shares during the last quarter. Institutional investors 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.