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

Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) have been given a consensus rating of “Reduce” by the thirteen research firms that are covering the company, Marketbeat reports. Three investment analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $63.58.

Several analysts have commented on the stock. Citigroup lowered their target price on shares of Texas Capital Bancshares from $66.00 to $64.00 and set a “neutral” rating for the company in a research note on Wednesday, March 13th. UBS Group upped their price target on Texas Capital Bancshares from $56.00 to $57.00 and gave the stock a “sell” rating in a report on Tuesday, January 23rd. Stephens dropped their price target on shares of Texas Capital Bancshares from $78.00 to $73.00 and set an “overweight” rating for the company in a research note on Friday, April 19th. Truist Financial decreased their price target on Texas Capital Bancshares from $66.00 to $61.00 and set a “hold” rating for the company in a research note on Monday, April 22nd. Finally, Keefe, Bruyette & Woods lowered their target price on shares of Texas Capital Bancshares from $76.00 to $74.00 and set an “outperform” rating for the company in a research note on Monday, April 22nd.

Texas Capital Bancshares Stock Performance

Shares of NASDAQ TCBI opened at $61.28 on Friday. The company has a 50-day simple moving average of $59.13 and a 200-day simple moving average of $59.18. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.00 and a quick ratio of 1.00. The company has a market cap of $2.86 billion, a PE ratio of 18.57, a price-to-earnings-growth ratio of 2.15 and a beta of 1.17. Texas Capital Bancshares has a 12 month low of $42.79 and a 12 month high of $66.18.

Insiders Place Their Bets

In related news, Director Thomas E. Long acquired 2,000 shares of the stock in a transaction dated Tuesday, February 27th. The shares were acquired at an average price of $58.78 per share, for a total transaction of $117,560.00. Following the completion of the purchase, the director now owns 7,542 shares in the company, valued at approximately $443,318.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Robert W. Stallings bought 3,000 shares of the company’s stock in a transaction dated Tuesday, May 7th. The stock was acquired at an average cost of $19.70 per share, with a total value of $59,100.00. Following the acquisition, the director now owns 153,706 shares in the company, valued at approximately $3,028,008.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Thomas E. Long acquired 2,000 shares of the business’s stock in a transaction on Tuesday, February 27th. The shares were bought at an average cost of $58.78 per share, with a total value of $117,560.00. Following the completion of the acquisition, the director now owns 7,542 shares of the company’s stock, valued at approximately $443,318.76. The disclosure for this purchase can be found here. Company insiders own 1.53% of the company’s stock.

Hedge Funds Weigh In On Texas Capital Bancshares

Several institutional investors have recently bought and sold shares of TCBI. State Board of Administration of Florida Retirement System increased its position in Texas Capital Bancshares by 11.5% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 15,252 shares of the bank’s stock valued at $939,000 after acquiring an additional 1,570 shares in the last quarter. ProShare Advisors LLC grew its stake 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 valued at $665,000 after purchasing an additional 344 shares during the last quarter. Headlands Technologies LLC increased its holdings in shares of Texas Capital Bancshares by 80.4% in the first quarter. Headlands Technologies LLC now owns 2,910 shares of the bank’s stock valued at $179,000 after purchasing an additional 1,297 shares in the last quarter. Tectonic Advisors LLC raised its position in Texas Capital Bancshares by 15.2% in the 1st quarter. Tectonic Advisors LLC now owns 21,110 shares of the bank’s stock worth $1,299,000 after purchasing an additional 2,783 shares during the last quarter. Finally, SG Americas Securities LLC lifted its holdings in Texas Capital Bancshares by 40.4% during the 1st quarter. SG Americas Securities LLC now owns 3,932 shares of the bank’s stock worth $242,000 after buying an additional 1,131 shares in 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.