Texas Capital Bancshares (NASDAQ:TCBI) Given New $100.00 Price Target at Keefe, Bruyette & Woods

Texas Capital Bancshares (NASDAQ:TCBI) had its target price increased by Keefe, Bruyette & Woods from $86.00 to $100.00 in a report issued on Monday morning,Benzinga reports. Keefe, Bruyette & Woods currently has an outperform rating on the bank’s stock.

A number of other research firms also recently weighed in on TCBI. Stephens reduced their price target on shares of Texas Capital Bancshares from $95.00 to $90.00 and set an “overweight” rating on the stock in a research note on Monday, April 21st. Raymond James Financial reduced their price target on shares of Texas Capital Bancshares from $87.00 to $80.00 and set an “outperform” rating on the stock in a research note on Monday, April 21st. Hovde Group raised their price target on shares of Texas Capital Bancshares from $75.00 to $95.00 and gave the company a “market perform” rating in a research note on Friday. DA Davidson reduced their price target on shares of Texas Capital Bancshares from $81.00 to $76.00 and set a “neutral” rating on the stock in a research note on Monday, April 21st. Finally, Piper Sandler reduced 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 note on Monday, April 21st. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $83.50.

Texas Capital Bancshares Price Performance

Shares of TCBI opened at $89.44 on Monday. The firm has a market capitalization of $4.09 billion, a PE ratio of 16.02, a PEG ratio of 0.88 and a beta of 0.66. The company’s 50-day moving average is $78.23 and its 200-day moving average is $75.66. Texas Capital Bancshares has a fifty-two week low of $56.24 and a fifty-two week high of $94.61. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.00 and a quick ratio of 1.00.

Texas Capital Bancshares (NASDAQ:TCBI) last released its quarterly earnings results on Thursday, July 17th. The bank reported $1.63 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.35. Texas Capital Bancshares had a net margin of 6.79% and a return on equity of 10.36%. The business had revenue of $307.46 million for the quarter, compared to analyst estimates of $298.90 million. During the same period last year, the firm earned $0.80 earnings per share. Equities analysts forecast that Texas Capital Bancshares will post 5.84 EPS for the current year.

Insider Buying and Selling

In other Texas Capital Bancshares news, Director Robert W. Stallings acquired 10,500 shares of the company’s stock in a transaction on Wednesday, June 11th. The shares were acquired at an average cost of $20.28 per share, with a total value of $212,940.00. Following the completion of the acquisition, the director directly owned 60,000 shares in the company, valued at $1,216,800. This trade represents a 21.21% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have bought 25,300 shares of company stock worth $769,990 over the last quarter. 1.72% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Texas Capital Bancshares

Several institutional investors have recently added to or reduced their stakes in the business. AQR Capital Management LLC lifted its holdings in shares of Texas Capital Bancshares by 84.8% in the first quarter. AQR Capital Management LLC now owns 1,432,771 shares of the bank’s stock worth $105,395,000 after buying an additional 657,630 shares in the last quarter. Norges Bank bought a new position in shares of Texas Capital Bancshares in the fourth quarter worth approximately $42,050,000. Nuveen LLC bought a new position in shares of Texas Capital Bancshares in the first quarter worth approximately $25,808,000. Azora Capital LP bought a new position in shares of Texas Capital Bancshares in the fourth quarter worth approximately $25,232,000. Finally, Texas Capital Bank Wealth Management Services Inc increased its position in shares of Texas Capital Bancshares by 2,249.3% in the first quarter. Texas Capital Bank Wealth Management Services Inc now owns 249,401 shares of the bank’s stock worth $18,630,000 after purchasing an additional 238,785 shares during the last quarter. 96.88% of the stock is owned by hedge funds and other institutional investors.

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.