Brokerages Set Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Target Price at $78.00

Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) have earned an average recommendation of “Hold” from the fourteen brokerages that are covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $78.00.

TCBI has been the subject of several recent analyst reports. JPMorgan Chase & Co. cut their price objective on shares of Texas Capital Bancshares from $78.00 to $70.00 and set an “underweight” rating for the company in a research report on Monday, April 21st. Keefe, Bruyette & Woods cut their price objective 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. Stephens cut their price objective on shares of Texas Capital Bancshares from $95.00 to $90.00 and set an “overweight” rating for the company in a research report on Monday, April 21st. Hovde Group cut their price objective on shares of Texas Capital Bancshares from $84.00 to $75.00 and set a “market perform” rating for the company in a research report on Monday, April 21st. Finally, Barclays cut their price objective on shares of Texas Capital Bancshares from $73.00 to $70.00 and set an “underweight” rating for the company in a research report on Tuesday, April 8th.

Insider Activity at Texas Capital Bancshares

In other Texas Capital Bancshares news, Director Robert W. Stallings acquired 500 shares of the company’s stock in a transaction that occurred on Wednesday, April 23rd. The stock was purchased at an average price of $68.20 per share, for a total transaction of $34,100.00. Following the completion of the acquisition, the director now owns 289,961 shares of the company’s stock, valued at approximately $19,775,340.20. This trade represents a 0.17% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last quarter, insiders acquired 19,300 shares of company stock worth $846,265. Corporate insiders own 1.72% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in TCBI. Picton Mahoney Asset Management acquired a new position in Texas Capital Bancshares during the 4th quarter worth approximately $30,000. Assetmark Inc. acquired a new position in Texas Capital Bancshares during the 4th quarter worth approximately $32,000. Venturi Wealth Management LLC acquired a new position in Texas Capital Bancshares during the 4th quarter worth approximately $37,000. UMB Bank n.a. grew its holdings in Texas Capital Bancshares by 1,089.8% during the 1st quarter. UMB Bank n.a. now owns 583 shares of the bank’s stock worth $44,000 after acquiring an additional 534 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in Texas Capital Bancshares by 127.0% during the 1st quarter. GAMMA Investing LLC now owns 831 shares of the bank’s stock worth $62,000 after acquiring an additional 465 shares in the last quarter. Institutional investors and hedge funds own 96.88% of the company’s stock.

Texas Capital Bancshares Stock Performance

NASDAQ:TCBI opened at $75.54 on Friday. The company’s 50-day moving average price is $70.93 and its 200-day moving average price is $75.58. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.22. The company has a market cap of $3.47 billion, a P/E ratio of 59.02, a P/E/G ratio of 0.75 and a beta of 0.65. Texas Capital Bancshares has a twelve month low of $56.24 and a twelve month high of $91.80.

Texas Capital Bancshares (NASDAQ:TCBI) last posted its quarterly earnings results 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). Texas Capital Bancshares had a return on equity of 9.14% and a net margin of 3.99%. The business had revenue of $280.48 million during the quarter, compared to analysts’ expectations of $284.40 million. On average, sell-side analysts forecast that Texas Capital Bancshares will post 5.84 earnings per share 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.