Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) have been assigned a consensus rating of “Hold” from the fourteen brokerages that are currently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $89.40.

A number of research analysts have recently commented on the company. DA Davidson reiterated a “neutral” rating and issued a $91.00 price objective on shares of Texas Capital Bancshares in a report on Thursday, November 20th. Barclays increased their price target on shares of Texas Capital Bancshares from $85.00 to $90.00 and gave the company an “underweight” rating in a research note on Tuesday, November 11th. Cowen assumed coverage on shares of Texas Capital Bancshares in a research report on Wednesday, September 24th. They set a “hold” rating for the company. Keefe, Bruyette & Woods increased their target price on shares of Texas Capital Bancshares from $98.00 to $100.00 and gave the company an “outperform” rating in a research report on Monday, October 27th. Finally, Weiss Ratings upgraded shares of Texas Capital Bancshares from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, October 31st.

Insider Activity at Texas Capital Bancshares

In other news, Director Robert W. Stallings bought 5,000 shares of Texas Capital Bancshares stock in a transaction dated Monday, October 27th. The stock was acquired at an average cost of $20.68 per share, with a total value of $103,400.00. Following the acquisition, the director owned 275,913 shares of the company’s stock, valued at approximately $5,705,880.84. This trade represents a 1.85% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.72% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in TCBI. Intech Investment Management LLC raised its position in Texas Capital Bancshares by 22.1% during the 1st quarter. Intech Investment Management LLC now owns 29,790 shares of the bank’s stock worth $2,225,000 after buying an additional 5,393 shares during the last quarter. Voya Investment Management LLC increased its stake in shares of Texas Capital Bancshares by 297.9% during the third quarter. Voya Investment Management LLC now owns 49,679 shares of the bank’s stock worth $4,199,000 after acquiring an additional 37,195 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Texas Capital Bancshares by 7.2% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,794 shares of the bank’s stock worth $936,000 after acquiring an additional 795 shares during the period. Bank of New York Mellon Corp raised its holdings in Texas Capital Bancshares by 12.3% during the second quarter. Bank of New York Mellon Corp now owns 657,626 shares of the bank’s stock worth $52,216,000 after purchasing an additional 71,774 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its position in Texas Capital Bancshares by 8.8% in the first quarter. Jacobs Levy Equity Management Inc. now owns 359,972 shares of the bank’s stock valued at $26,890,000 after purchasing an additional 29,074 shares during the period. Institutional investors and hedge funds own 96.88% of the company’s stock.

Texas Capital Bancshares Trading Down 1.2%

NASDAQ TCBI opened at $91.92 on Wednesday. The stock has a market capitalization of $4.20 billion, a PE ratio of 15.04, a price-to-earnings-growth ratio of 0.60 and a beta of 0.68. The firm has a 50 day moving average of $89.28 and a two-hundred day moving average of $85.92. Texas Capital Bancshares has a 52 week low of $59.37 and a 52 week high of $98.07. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.19.

Texas Capital Bancshares (NASDAQ:TCBI) last posted its earnings results on Wednesday, October 22nd. The bank reported $2.18 EPS for the quarter, beating the consensus estimate of $1.77 by $0.41. Texas Capital Bancshares had a return on equity of 9.51% and a net margin of 15.14%.The firm had revenue of $340.35 million for the quarter, compared to analyst estimates of $327.13 million. During the same quarter in the prior year, the company posted ($1.41) earnings per share. Texas Capital Bancshares’s revenue for the quarter was up 171.6% compared to the same quarter last year. As a group, research analysts expect that Texas Capital Bancshares will post 5.84 EPS for the current fiscal year.

Texas Capital Bancshares Company Profile

Texas Capital Bancshares, Inc is a bank holding company headquartered in Dallas, Texas, operating through its wholly owned subsidiary, Texas Capital Bank. The company specializes in providing commercial banking services to middle-market companies, entrepreneurs, professional service firms, real estate developers, and not-for-profit organizations. Its broad range of offerings includes commercial lending, treasury and cash management, real estate finance, equipment finance, and energy lending, all designed to address the unique financial needs of businesses navigating growth and market challenges.

In addition to its core commercial banking capabilities, Texas Capital Bancshares delivers private banking and wealth management services for business owners and high-net-worth individuals.