Texas Capital Bancshares (NASDAQ:TCBI) Price Target Cut to $90.00 by Analysts at Stephens

Texas Capital Bancshares (NASDAQ:TCBI) had its price target cut by Stephens from $95.00 to $90.00 in a research report report published on Monday morning,Benzinga reports. They currently have an overweight rating on the bank’s stock.

A number of other equities research analysts have also commented on the company. Piper Sandler dropped their price target on Texas Capital Bancshares from $84.00 to $74.00 and set a “neutral” rating on the stock in a research report on Monday. Hovde Group reduced their price target on shares of Texas Capital Bancshares from $84.00 to $75.00 and set a “market perform” rating for the company in a report on Monday. Raymond James dropped their price objective on shares of Texas Capital Bancshares from $87.00 to $80.00 and set an “outperform” rating on the stock in a report on Monday. StockNews.com raised shares of Texas Capital Bancshares from a “sell” rating to a “hold” rating in a research note on Friday, January 31st. Finally, JPMorgan Chase & Co. cut their price target on Texas Capital Bancshares from $81.00 to $80.00 and set an “underweight” rating on the stock in a report on Friday, January 24th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $76.64.

Texas Capital Bancshares Stock Down 2.8 %

Texas Capital Bancshares stock opened at $64.21 on Monday. The firm has a market capitalization of $2.96 billion, a price-to-earnings ratio of 50.16, a PEG ratio of 0.75 and a beta of 0.74. The company’s 50 day simple moving average is $72.90 and its 200 day simple moving average is $78.06. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.00 and a quick ratio of 1.00. Texas Capital Bancshares has a fifty-two week low of $56.24 and a fifty-two week high of $91.80.

Texas Capital Bancshares (NASDAQ:TCBI) last announced its quarterly earnings results on Thursday, April 17th. The bank reported $0.92 earnings per share for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.07). Texas Capital Bancshares had a return on equity of 9.14% and a net margin of 3.99%. The firm had revenue of $280.48 million for the quarter, compared to the consensus estimate of $284.40 million. As a group, sell-side analysts anticipate that Texas Capital Bancshares will post 5.84 EPS for the current year.

Insider Transactions at Texas Capital Bancshares

In other news, Director Robert W. Stallings acquired 2,006 shares of the stock in a transaction dated Monday, January 27th. The shares were bought at an average cost of $20.99 per share, for a total transaction of $42,105.94. Following the purchase, the director now directly owns 182,899 shares of the company’s stock, valued at approximately $3,839,050.01. This trade represents a 1.11 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have purchased a total of 29,402 shares of company stock worth $653,787 in the last 90 days. Corporate insiders own 1.72% of the company’s stock.

Hedge Funds Weigh In On Texas Capital Bancshares

Institutional investors have recently bought and sold shares of the business. Picton Mahoney Asset Management bought a new position in shares of Texas Capital Bancshares during the 4th quarter worth approximately $30,000. Assetmark Inc. acquired a new stake in Texas Capital Bancshares during the 4th quarter valued at $32,000. Venturi Wealth Management LLC bought a new position in Texas Capital Bancshares during the fourth quarter worth $37,000. R Squared Ltd acquired a new position in shares of Texas Capital Bancshares in the fourth quarter valued at $41,000. Finally, UMB Bank n.a. raised its position in shares of Texas Capital Bancshares by 1,089.8% in the first quarter. UMB Bank n.a. now owns 583 shares of the bank’s stock valued at $44,000 after purchasing an additional 534 shares during the period. Institutional investors and hedge funds own 96.88% of the company’s stock.

Texas Capital Bancshares Company Profile

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.