Texas Capital Bancshares, Inc. (NASDAQ:TCBI – Get Rating)’s stock price traded up 3.6% during mid-day trading on Thursday after Truist Financial raised their price target on the stock from $65.00 to $68.00. Truist Financial currently has a buy rating on the stock. Texas Capital Bancshares traded as high as $63.30 and last traded at $62.90. 7,677 shares changed hands during trading, a decline of 98% from the average session volume of 391,312 shares. The stock had previously closed at $60.69.
A number of other analysts have also recently issued reports on TCBI. Stephens boosted their target price on Texas Capital Bancshares to $66.00 in a report on Friday, July 22nd. Bank of America cut Texas Capital Bancshares from a “neutral” rating to an “underperform” rating and decreased their target price for the stock from $57.00 to $55.00 in a report on Thursday, September 8th. StockNews.com cut Texas Capital Bancshares from a “hold” rating to a “sell” rating in a report on Saturday, July 30th. Raymond James boosted their target price on Texas Capital Bancshares from $70.00 to $73.00 and gave the stock a “strong-buy” rating in a report on Tuesday. Finally, Jefferies Financial Group upped their price target on Texas Capital Bancshares from $51.00 to $52.00 in a report on Monday, July 11th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $62.29.
Insider Buying and Selling at Texas Capital Bancshares
In other Texas Capital Bancshares news, Director Robert W. Stallings bought 2,430 shares of the business’s stock in a transaction on Monday, July 25th. The shares were bought at an average cost of $22.54 per share, with a total value of $54,772.20. Following the transaction, the director now directly owns 2,340 shares in the company, valued at approximately $52,743.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Robert W. Stallings purchased 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 27th. The shares were acquired at an average cost of $56.82 per share, with a total value of $113,640.00. Following the transaction, the director now owns 132,725 shares in the company, valued at approximately $7,541,434.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Robert W. Stallings purchased 2,430 shares of the company’s stock in a transaction that occurred on Monday, July 25th. The shares were purchased at an average cost of $22.54 per share, for a total transaction of $54,772.20. Following the completion of the transaction, the director now owns 2,340 shares in the company, valued at approximately $52,743.60. The disclosure for this purchase can be found here. Insiders have acquired a total of 57,805 shares of company stock valued at $3,230,924 in the last three months. Corporate insiders own 0.56% of the company’s stock.
Institutional Investors Weigh In On Texas Capital Bancshares
Texas Capital Bancshares Stock Performance
The stock has a market capitalization of $3.10 billion, a P/E ratio of 19.24, a P/E/G ratio of 2.23 and a beta of 1.50. The stock has a 50 day moving average of $59.24 and a 200 day moving average of $56.92. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.02 and a current ratio of 1.02.
Texas Capital Bancshares (NASDAQ:TCBI – Get Rating) last issued its quarterly earnings data on Thursday, July 21st. The bank reported $0.59 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.15). Texas Capital Bancshares had a return on equity of 6.48% and a net margin of 18.42%. During the same period in the prior year, the company earned $1.31 EPS. Equities analysts predict that Texas Capital Bancshares, Inc. will post 3.42 EPS for the current 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, and wealth management services.
- Get a free copy of the StockNews.com research report on Texas Capital Bancshares (TCBI)
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