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

Texas Capital Bancshares, Inc. (NASDAQ:TCBIGet Rating) has been assigned an average rating of “Hold” from the eleven research firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $71.43.

TCBI has been the subject of a number of analyst reports. Raymond James reduced their price target on Texas Capital Bancshares from $75.00 to $70.00 and set an “outperform” rating for the company in a research report on Friday, January 21st. StockNews.com lowered Texas Capital Bancshares from a “hold” rating to a “sell” rating in a research report on Thursday, April 14th. Bank of America reiterated a “neutral” rating and set a $69.00 price target on shares of Texas Capital Bancshares in a research report on Tuesday, January 18th. Finally, Zacks Investment Research raised Texas Capital Bancshares from a “hold” rating to a “buy” rating and set a $58.00 price objective on the stock in a research note on Wednesday, April 13th.

Shares of TCBI opened at $57.22 on Thursday. The firm has a market cap of $2.90 billion, a price-to-earnings ratio of 12.47, a PEG ratio of 2.03 and a beta of 1.64. The stock has a 50 day moving average of $61.07 and a 200-day moving average of $61.49. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.08. Texas Capital Bancshares has a 52 week low of $53.22 and a 52 week high of $71.68.

Texas Capital Bancshares (NASDAQ:TCBIGet Rating) last released its quarterly earnings data on Wednesday, April 20th. The bank reported $0.69 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.73 by ($0.04). Texas Capital Bancshares had a net margin of 25.02% and a return on equity of 9.00%. The company had revenue of $203.83 million for the quarter, compared to analyst estimates of $213.06 million. During the same quarter in the prior year, the firm earned $1.33 EPS. The company’s revenue for the quarter was down 14.8% compared to the same quarter last year. On average, sell-side analysts predict that Texas Capital Bancshares will post 3.43 earnings per share for the current fiscal year.

A number of large investors have recently bought and sold shares of TCBI. O Shaughnessy Asset Management LLC grew its stake in Texas Capital Bancshares by 4,210.0% in the third quarter. O Shaughnessy Asset Management LLC now owns 431 shares of the bank’s stock valued at $26,000 after purchasing an additional 421 shares in the last quarter. Dark Forest Capital Management LP boosted its stake in shares of Texas Capital Bancshares by 17.4% during the 3rd quarter. Dark Forest Capital Management LP now owns 1,394 shares of the bank’s stock worth $84,000 after acquiring an additional 207 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of Texas Capital Bancshares by 9.1% during the 4th quarter. Public Employees Retirement System of Ohio now owns 1,867 shares of the bank’s stock worth $112,000 after acquiring an additional 156 shares in the last quarter. Profund Advisors LLC boosted its stake in shares of Texas Capital Bancshares by 5.2% during the 4th quarter. Profund Advisors LLC now owns 3,934 shares of the bank’s stock worth $237,000 after acquiring an additional 196 shares in the last quarter. Finally, Verdence Capital Advisors LLC bought a new stake in shares of Texas Capital Bancshares during the 4th quarter worth about $238,000. 94.32% of the stock is currently owned by hedge funds and other institutional investors.

About Texas Capital Bancshares (Get Rating)

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, and wealth management services.

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Analyst Recommendations for Texas Capital Bancshares (NASDAQ:TCBI)

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