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

Texas Capital Bancshares, Inc. (NASDAQ:TCBIGet Free Report) has received an average rating of “Reduce” from the thirteen ratings firms that are presently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $63.58.

Several brokerages recently weighed in on TCBI. Keefe, Bruyette & Woods cut 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. Raymond James cut shares of Texas Capital Bancshares from a “strong-buy” rating to a “market perform” rating in a research report on Thursday, April 4th. Truist Financial cut their price objective on shares of Texas Capital Bancshares from $66.00 to $61.00 and set a “hold” rating on the stock in a report on Monday, April 22nd. Hovde Group decreased their price target on shares of Texas Capital Bancshares from $87.50 to $61.50 and set a “market perform” rating for the company in a research report on Friday, April 19th. Finally, Barclays began coverage on Texas Capital Bancshares in a research note on Friday, March 8th. They set an “underweight” rating and a $47.00 price objective on the stock.

View Our Latest Analysis on Texas Capital Bancshares

Texas Capital Bancshares Price Performance

TCBI stock opened at $58.83 on Tuesday. Texas Capital Bancshares has a fifty-two week low of $48.41 and a fifty-two week high of $66.18. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.30. The stock has a market cap of $2.74 billion, a price-to-earnings ratio of 17.83, a PEG ratio of 1.48 and a beta of 1.15. The business has a 50 day moving average price of $59.40 and a 200 day moving average price of $59.84.

Texas Capital Bancshares (NASDAQ:TCBIGet Free Report) last issued its quarterly earnings results on Thursday, April 18th. The bank reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.03. Texas Capital Bancshares had a return on equity of 7.05% and a net margin of 9.66%. The firm had revenue of $256.33 million during the quarter, compared to the consensus estimate of $253.27 million. Equities research analysts anticipate that Texas Capital Bancshares will post 3.53 earnings per share for the current fiscal year.

Insider Transactions at Texas Capital Bancshares

In other news, Director Robert W. Stallings purchased 3,000 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The stock was purchased at an average cost of $19.50 per share, with a total value of $58,500.00. Following the acquisition, the director now directly owns 156,706 shares of the company’s stock, valued at approximately $3,055,767. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Robert W. Stallings acquired 3,000 shares of the stock in a transaction that occurred on Friday, May 10th. The stock was acquired at an average price of $19.50 per share, for a total transaction of $58,500.00. Following the transaction, the director now directly owns 156,706 shares in the company, valued at $3,055,767. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert W. Stallings purchased 6,000 shares of the business’s stock in a transaction dated Monday, May 20th. The stock was purchased at an average price of $19.52 per share, for a total transaction of $117,120.00. Following the completion of the acquisition, the director now owns 163,706 shares of the company’s stock, valued at $3,195,541.12. The disclosure for this purchase can be found here. Over the last three months, insiders bought 15,004 shares of company stock worth $292,878. 1.53% of the stock is owned by insiders.

Hedge Funds Weigh In On Texas Capital Bancshares

A number of institutional investors have recently added to or reduced their stakes in TCBI. Teachers Retirement System of The State of Kentucky boosted its holdings in Texas Capital Bancshares by 154.7% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 43,257 shares of the bank’s stock worth $2,663,000 after acquiring an additional 26,273 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Texas Capital Bancshares by 5.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 29,357 shares of the bank’s stock worth $1,807,000 after acquiring an additional 1,494 shares during the last quarter. Gabelli Funds LLC bought a new stake in shares of Texas Capital Bancshares in the 1st quarter worth $400,000. Keeley Teton Advisors LLC raised its holdings in shares of Texas Capital Bancshares by 12.8% in the first quarter. Keeley Teton Advisors LLC now owns 29,514 shares of the bank’s stock valued at $1,817,000 after purchasing an additional 3,346 shares during the last quarter. Finally, Bessemer Group Inc. lifted its holdings in Texas Capital Bancshares by 7.0% during the first quarter. Bessemer Group Inc. now owns 170,832 shares of the bank’s stock worth $10,514,000 after acquiring an additional 11,211 shares during the period. 96.88% of the stock is currently owned by institutional investors and hedge funds.

About Texas Capital Bancshares

(Get Free Report

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.

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Analyst Recommendations for Texas Capital Bancshares (NASDAQ:TCBI)

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