Texas Capital Bancshares (NASDAQ:TCBI) Given New $102.00 Price Target at Hovde Group

Texas Capital Bancshares (NASDAQ:TCBI) had its price objective boosted by Hovde Group from $93.00 to $102.00 in a research note released on Tuesday, Marketbeat.com reports. The brokerage currently has a market perform rating on the bank’s stock.

A number of other brokerages have also recently commented on TCBI. JPMorgan Chase & Co. upped their price target on Texas Capital Bancshares from $92.00 to $105.00 and gave the company an “underweight” rating in a research report on Tuesday, December 16th. Stephens upped their target price on shares of Texas Capital Bancshares from $111.00 to $114.00 and gave the stock an “overweight” rating in a report on Friday. Citigroup upped their target price on Texas Capital Bancshares from $75.00 to $88.00 and gave the stock a “sell” rating in a research note on Monday. Keefe, Bruyette & Woods boosted their price target on shares of Texas Capital Bancshares from $98.00 to $100.00 and gave the stock an “outperform” rating in a research note on Monday, October 27th. Finally, Piper Sandler upped their price objective on Texas Capital Bancshares from $86.00 to $96.00 and gave the stock a “neutral” rating in a report on Friday, January 23rd. Four analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $101.17.

Texas Capital Bancshares Price Performance

Shares of NASDAQ TCBI opened at $97.63 on Tuesday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $4.46 billion, a PE ratio of 14.36, a PEG ratio of 0.67 and a beta of 0.67. The stock’s 50 day moving average price is $93.96 and its 200-day moving average price is $88.11. Texas Capital Bancshares has a twelve month low of $59.37 and a twelve month high of $105.36.

Texas Capital Bancshares (NASDAQ:TCBI) last posted its quarterly earnings data on Thursday, January 22nd. The bank reported $2.08 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.30. The business had revenue of $327.48 million for the quarter, compared to analysts’ expectations of $324.09 million. Texas Capital Bancshares had a return on equity of 10.05% and a net margin of 16.52%.During the same quarter in the previous year, the firm earned $1.43 earnings per share. On average, equities analysts anticipate that Texas Capital Bancshares will post 5.84 EPS for the current year.

Insider Buying and Selling

In other Texas Capital Bancshares news, Director Laura L. Whitley acquired 500 shares of the business’s stock in a transaction on Monday, January 26th. The shares were acquired at an average price of $97.51 per share, for a total transaction of $48,755.00. Following the completion of the acquisition, the director owned 7,961 shares in the company, valued at $776,277.11. This trade represents a 6.70% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert W. Stallings purchased 2,000 shares of Texas Capital Bancshares stock in a transaction dated Friday, January 23rd. The shares were bought at an average price of $20.91 per share, with a total value of $41,820.00. Following the completion of the acquisition, the director directly owned 277,913 shares of the company’s stock, valued at approximately $5,811,160.83. This represents a 0.72% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have acquired a total of 3,000 shares of company stock worth $139,355 in the last quarter. Company insiders own 1.72% of the company’s stock.

Hedge Funds Weigh In On Texas Capital Bancshares

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TCBI. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Texas Capital Bancshares by 4.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,721 shares of the bank’s stock worth $1,423,000 after acquiring an additional 734 shares during the period. Bayforest Capital Ltd boosted its position in shares of Texas Capital Bancshares by 17.7% in the fourth quarter. Bayforest Capital Ltd now owns 4,041 shares of the bank’s stock worth $366,000 after purchasing an additional 607 shares during the period. Merit Financial Group LLC raised its holdings in Texas Capital Bancshares by 13.8% during the fourth quarter. Merit Financial Group LLC now owns 3,627 shares of the bank’s stock valued at $328,000 after acquiring an additional 439 shares during the period. Farther Finance Advisors LLC boosted its stake in Texas Capital Bancshares by 1,381.8% in the 4th quarter. Farther Finance Advisors LLC now owns 326 shares of the bank’s stock worth $30,000 after purchasing an additional 304 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its stake in Texas Capital Bancshares by 2.2% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 847,583 shares of the bank’s stock worth $76,740,000 after purchasing an additional 18,258 shares in the last quarter. 96.88% of the stock is owned by institutional investors.

Trending Headlines about Texas Capital Bancshares

Here are the key news stories impacting Texas Capital Bancshares this week:

• Positive Sentiment: Multiple directors bought shares, signaling insider confidence — Director Laura L. Whitley reported two recent purchases (500 shares on Jan. 23 at ~$97.56 and 500 shares on Jan. 26 at ~$97.51), increasing her position to 7,961 shares; the purchases were disclosed in SEC filings. Laura Whitley Form 4
• Positive Sentiment: Director Robert W. Stallings filed a purchase of 2,000 shares (reported Jan. 23), modestly increasing his stake to ~277,913 shares; the insider buy was disclosed in an SEC filing. Robert Stallings Form 4
• Positive Sentiment: Analysts lifted price targets this week — TD Cowen raised its target to $110 (hold) and Hovde Group raised its target to $102 (market perform), while other coverage shows targets near the $104 area; higher targets can support upside expectations. TD Cowen / Benzinga Hovde notice
• Neutral Sentiment: Company declared the regular dividend on its Series B preferred depositary shares (TCBIO): $14.375 per preferred share (equivalent to $0.359375 per depositary share), payable Mar. 16 to holders of record Mar. 2 — relevant to preferred investors and indicative of capital allocation discipline. Dividend announcement
• Neutral Sentiment: Research coverage and media pieces (Zacks, MSN/feature write‑ups) are highlighting TCBI as a top value/momentum candidate, which can attract attention from growth and value-focused investors but does not change fundamentals by itself. Zacks momentum Zacks value

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.