Texas Capital Bancshares (NASDAQ:TCBI) Price Target Lowered to $86.00 at Keefe, Bruyette & Woods

Texas Capital Bancshares (NASDAQ:TCBI) had its price objective decreased by Keefe, Bruyette & Woods from $92.00 to $86.00 in a research note released on Monday morning,Benzinga reports. Keefe, Bruyette & Woods currently has an outperform rating on the bank’s stock.

A number of other equities analysts have also issued reports on the company. Stephens decreased their price objective on Texas Capital Bancshares from $95.00 to $90.00 and set an “overweight” rating for the company in a report on Monday. Hovde Group lowered their price target on Texas Capital Bancshares from $84.00 to $75.00 and set a “market perform” rating on the stock in a report on Monday. Raymond James reduced their price objective on shares of Texas Capital Bancshares from $87.00 to $80.00 and set an “outperform” rating for the company in a report on Monday. JPMorgan Chase & Co. lowered their target price on shares of Texas Capital Bancshares from $81.00 to $80.00 and set an “underweight” rating on the stock in a research note on Friday, January 24th. Finally, Piper Sandler dropped their price target on shares of Texas Capital Bancshares from $84.00 to $74.00 and set a “neutral” rating on the stock in a research report on Monday. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $76.64.

Texas Capital Bancshares Stock Performance

TCBI stock opened at $64.21 on Monday. Texas Capital Bancshares has a 1 year low of $56.24 and a 1 year high of $91.80. The stock 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 has a debt-to-equity ratio of 0.22, a quick ratio of 1.00 and a current ratio of 1.00. The stock’s fifty day moving average is $72.90 and its two-hundred day moving average is $78.06.

Texas Capital Bancshares (NASDAQ:TCBI) last issued its quarterly earnings data on Thursday, April 17th. The bank reported $0.92 earnings per share for the quarter, missing the consensus estimate of $0.99 by ($0.07). The firm had revenue of $280.48 million during the quarter, compared to the consensus estimate of $284.40 million. Texas Capital Bancshares had a net margin of 3.99% and a return on equity of 9.14%. On average, research analysts predict that Texas Capital Bancshares will post 5.84 EPS for the current year.

Insiders Place Their Bets

In related news, Director Robert W. Stallings purchased 7,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The stock was acquired at an average price of $20.43 per share, for a total transaction of $143,010.00. Following the transaction, the director now directly owns 49,500 shares of the company’s stock, valued at $1,011,285. This trade represents a 16.47 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Over the last 90 days, insiders have acquired 29,402 shares of company stock worth $653,787. 1.72% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Amalgamated Bank raised its holdings in shares of Texas Capital Bancshares by 0.8% during the fourth quarter. Amalgamated Bank now owns 20,791 shares of the bank’s stock valued at $1,626,000 after acquiring an additional 166 shares during the period. Moody National Bank Trust Division raised its stake in Texas Capital Bancshares by 1.5% during the 1st quarter. Moody National Bank Trust Division now owns 17,626 shares of the bank’s stock valued at $1,317,000 after purchasing an additional 255 shares during the period. Xponance Inc. lifted its holdings in shares of Texas Capital Bancshares by 4.8% in the fourth quarter. Xponance Inc. now owns 6,569 shares of the bank’s stock valued at $514,000 after purchasing an additional 300 shares in the last quarter. Savant Capital LLC lifted its holdings in shares of Texas Capital Bancshares by 5.7% in the fourth quarter. Savant Capital LLC now owns 5,604 shares of the bank’s stock valued at $438,000 after purchasing an additional 303 shares in the last quarter. Finally, Beacon Pointe Advisors LLC boosted its position in shares of Texas Capital Bancshares by 1.9% in the fourth quarter. Beacon Pointe Advisors LLC now owns 18,825 shares of the bank’s stock worth $1,472,000 after buying an additional 350 shares during the period. 96.88% of the stock is currently owned by institutional investors and hedge funds.

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.