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

Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) have earned an average recommendation of “Hold” from the fourteen brokerages that are covering the company, Marketbeat reports. Three analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $76.64.

TCBI has been the topic of a number of research analyst reports. Piper Sandler dropped their price objective on shares of Texas Capital Bancshares from $84.00 to $74.00 and set a “neutral” rating on the stock in a report on Monday, April 21st. Barclays reduced their target price on shares of Texas Capital Bancshares from $73.00 to $70.00 and set an “underweight” rating for the company in a report on Tuesday, April 8th. Raymond James cut 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, April 21st. Keefe, Bruyette & Woods dropped their target price on shares of Texas Capital Bancshares from $92.00 to $86.00 and set an “outperform” rating for the company in a research report on Monday, April 21st. Finally, StockNews.com upgraded shares of Texas Capital Bancshares from a “sell” rating to a “hold” rating in a research report on Friday, January 31st.

Insiders Place Their Bets

In other Texas Capital Bancshares news, Director Robert W. Stallings bought 5,000 shares of Texas Capital Bancshares stock in a transaction on Friday, April 25th. The shares were purchased at an average cost of $67.76 per share, with a total value of $338,800.00. Following the acquisition, the director now directly owns 90,039 shares of the company’s stock, valued at $6,101,042.64. The trade was a 5.88% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have acquired 19,300 shares of company stock valued at $850,815 in the last ninety days. 1.72% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Texas Capital Bancshares

Institutional investors have recently modified their holdings of the company. Picton Mahoney Asset Management bought a new stake in shares of Texas Capital Bancshares in the 4th quarter valued at $30,000. Assetmark Inc. bought a new stake in shares of Texas Capital Bancshares in the 4th quarter valued at $32,000. Venturi Wealth Management LLC bought a new stake in shares of Texas Capital Bancshares in the 4th quarter valued at $37,000. R Squared Ltd bought a new stake in shares of Texas Capital Bancshares in the 4th quarter valued at $41,000. Finally, UMB Bank n.a. boosted its stake in shares of Texas Capital Bancshares by 1,089.8% in the 1st 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 last quarter. 96.88% of the stock is owned by institutional investors.

Texas Capital Bancshares Price Performance

NASDAQ:TCBI opened at $75.61 on Tuesday. Texas Capital Bancshares has a 12 month low of $56.24 and a 12 month high of $91.80. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.22. The company’s 50-day moving average price is $70.34 and its two-hundred day moving average price is $77.30. The firm has a market cap of $3.47 billion, a PE ratio of 59.07, a price-to-earnings-growth ratio of 0.75 and a beta of 0.62.

Texas Capital Bancshares (NASDAQ:TCBI) last announced 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 business had revenue of $280.48 million during the quarter, compared to analyst estimates of $284.40 million. Texas Capital Bancshares had a net margin of 3.99% and a return on equity of 9.14%. On average, equities analysts anticipate that Texas Capital Bancshares will post 5.84 EPS for the current fiscal year.

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.