Texas Capital Bancshares (NASDAQ:TCBI) Downgraded by StockNews.com to “Sell”

Texas Capital Bancshares (NASDAQ:TCBI) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a report issued on Thursday.

A number of other brokerages have also weighed in on TCBI. Piper Sandler lowered Texas Capital Bancshares from an “overweight” rating to a “neutral” rating and lifted their price objective for the stock from $77.00 to $82.00 in a research report on Friday, October 18th. Wedbush reiterated a “sector perform” rating on shares of Texas Capital Bancshares in a research report on Friday, October 18th. JPMorgan Chase & Co. lowered their target price on Texas Capital Bancshares from $86.00 to $81.00 and set an “underweight” rating for the company in a research note on Tuesday, January 7th. DA Davidson raised their target price on Texas Capital Bancshares from $73.00 to $81.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Finally, Hovde Group raised their target price on Texas Capital Bancshares from $73.00 to $79.00 and gave the company a “market perform” rating in a research note on Friday, October 18th. Five equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Texas Capital Bancshares presently has an average rating of “Hold” and an average price target of $74.75.

Texas Capital Bancshares Price Performance

Shares of NASDAQ TCBI traded down $3.61 during trading hours on Thursday, reaching $76.95. 891,303 shares of the stock traded hands, compared to its average volume of 506,186. The company has a market capitalization of $3.56 billion, a P/E ratio of 427.50, a price-to-earnings-growth ratio of 0.74 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. Texas Capital Bancshares has a 52-week low of $54.68 and a 52-week high of $91.80. The company’s 50-day simple moving average is $81.95 and its two-hundred day simple moving average is $74.23.

Texas Capital Bancshares (NASDAQ:TCBI) last posted its quarterly earnings results 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 return on equity of 8.06% and a net margin of 1.40%. Equities research analysts forecast that Texas Capital Bancshares will post 4.08 EPS for the current year.

Institutional Investors Weigh In On Texas Capital Bancshares

A number of institutional investors and hedge funds have recently modified their holdings of the business. R Squared Ltd bought a new stake in shares of Texas Capital Bancshares during the 4th quarter worth approximately $41,000. KBC Group NV lifted its stake in shares of Texas Capital Bancshares by 64.2% during the 4th quarter. KBC Group NV now owns 2,172 shares of the bank’s stock worth $170,000 after acquiring an additional 849 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of Texas Capital Bancshares by 5.3% during the 4th quarter. Nisa Investment Advisors LLC now owns 8,948 shares of the bank’s stock worth $700,000 after acquiring an additional 450 shares during the last quarter. Moody National Bank Trust Division lifted its stake in shares of Texas Capital Bancshares by 9.5% during the 4th quarter. Moody National Bank Trust Division now owns 17,371 shares of the bank’s stock worth $1,358,000 after acquiring an additional 1,508 shares during the last quarter. Finally, Cim Investment Management Inc. bought a new stake in shares of Texas Capital Bancshares during the 3rd quarter worth approximately $212,000. 96.88% of the stock is owned by 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.