Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Given Average Recommendation of “Hold” by Analysts

Texas Capital Bancshares, Inc. (NASDAQ:TCBI – Get Rating) has earned a consensus recommendation of “Hold” from the eleven ratings firms that are currently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation, one has given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $62.88.

A number of equities analysts recently weighed in on TCBI shares. TheStreet upgraded shares of Texas Capital Bancshares from a “c+” rating to a “b” rating in a report on Wednesday, January 18th. DA Davidson reiterated a “neutral” rating on shares of Texas Capital Bancshares in a report on Wednesday, December 21st. StockNews.com upgraded shares of Texas Capital Bancshares from a “sell” rating to a “hold” rating in a report on Friday, January 20th. Truist Financial upped their price objective on shares of Texas Capital Bancshares from $68.00 to $80.00 and gave the company a “buy” rating in a report on Friday, January 20th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Texas Capital Bancshares from $50.00 to $55.00 and gave the company an “underweight” rating in a report on Monday, January 23rd.

Texas Capital Bancshares Price Performance

Shares of TCBI opened at $61.13 on Friday. The company has a market cap of $2.95 billion, a price-to-earnings ratio of 9.78, a PEG ratio of 1.92 and a beta of 1.31. Texas Capital Bancshares has a 1-year low of $48.79 and a 1-year high of $69.26. The company’s fifty day simple moving average is $64.32 and its 200 day simple moving average is $61.18. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.34.

Insider Transactions at Texas Capital Bancshares

In other news, Director Robert W. Stallings acquired 6,000 shares of the stock in a transaction dated Tuesday, January 24th. The stock was bought at an average price of $22.14 per share, with a total value of $132,840.00. Following the completion of the purchase, the director now directly owns 26,000 shares of the company’s stock, valued at approximately $575,640. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Robert W. Stallings acquired 6,000 shares of the stock in a transaction dated Tuesday, January 24th. The stock was bought at an average price of $22.14 per share, with a total value of $132,840.00. Following the completion of the purchase, the director now directly owns 26,000 shares of the company’s stock, valued at approximately $575,640. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert W. Stallings acquired 10,000 shares of the stock in a transaction dated Tuesday, February 21st. The stock was purchased at an average cost of $21.18 per share, with a total value of $211,800.00. Following the purchase, the director now directly owns 45,000 shares of the company’s stock, valued at $953,100. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 19,888 shares of company stock valued at $430,333. 0.56% of the stock is currently owned by insiders.

Institutional Trading of Texas Capital Bancshares

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. increased its position in Texas Capital Bancshares by 25.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,049 shares of the bank’s stock valued at $63,000 after purchasing an additional 210 shares during the period. Captrust Financial Advisors increased its position in Texas Capital Bancshares by 12.9% during the 4th quarter. Captrust Financial Advisors now owns 8,873 shares of the bank’s stock valued at $535,000 after purchasing an additional 1,015 shares during the period. T. Rowe Price Investment Management Inc. increased its position in Texas Capital Bancshares by 26.5% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,633,859 shares of the bank’s stock valued at $219,159,000 after purchasing an additional 762,038 shares during the period. Maverick Capital Ltd. acquired a new stake in Texas Capital Bancshares during the 4th quarter valued at approximately $210,000. Finally, Morgan Stanley increased its position in Texas Capital Bancshares by 21.6% during the 4th quarter. Morgan Stanley now owns 251,609 shares of the bank’s stock valued at $15,175,000 after purchasing an additional 44,745 shares during the period. Institutional investors and hedge funds own 96.91% of the company’s stock.

About Texas Capital Bancshares

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Texas Capital Bancshares, Inc is the holding company of Texas Capital Bank, which engages in the provision of financial services and customized solutions to businesses, entrepreneurs, and individual customers. The company was founded by George F. Jones, Jr. and Joseph M. Grant in November 1996 and is headquartered in Dallas, TX.