Texas Capital Bancshares (NASDAQ:TCBI) Upgraded at Zacks Research

Zacks Research upgraded shares of Texas Capital Bancshares (NASDAQ:TCBI) from a hold rating to a strong-buy rating in a report published on Monday,Zacks.com reports.

TCBI has been the subject of several other reports. Hovde Group boosted their price objective on shares of Texas Capital Bancshares from $93.00 to $102.00 and gave the company a “market perform” rating in a research note on Tuesday, January 27th. Raymond James Financial boosted their price target on Texas Capital Bancshares from $98.00 to $105.00 and gave the company an “outperform” rating in a research report on Wednesday, January 7th. Royal Bank Of Canada upped their price target on Texas Capital Bancshares from $105.00 to $110.00 and gave the stock a “sector perform” rating in a research note on Friday, January 23rd. Barclays raised their price objective on Texas Capital Bancshares from $90.00 to $100.00 and gave the stock an “underweight” rating in a report on Friday, January 23rd. Finally, TD Cowen boosted their target price on Texas Capital Bancshares from $103.00 to $110.00 and gave the stock a “hold” rating in a report on Monday, January 26th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, six have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $101.17.

Texas Capital Bancshares Trading Down 0.9%

NASDAQ TCBI opened at $105.03 on Monday. The company has a market cap of $4.79 billion, a P/E ratio of 15.45, a P/E/G ratio of 0.51 and a beta of 0.68. Texas Capital Bancshares has a 12 month low of $59.37 and a 12 month high of $108.92. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.00 and a quick ratio of 1.00. The company has a 50-day moving average of $95.71 and a 200-day moving average of $88.73.

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

Insider Activity

In related news, Director Robert W. Stallings purchased 2,000 shares of Texas Capital Bancshares stock in a transaction that occurred on Friday, January 23rd. The shares were purchased at an average cost of $20.91 per share, with a total value of $41,820.00. Following the transaction, the director owned 277,913 shares of the company’s stock, valued at approximately $5,811,160.83. The trade was a 0.72% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Laura L. Whitley purchased 500 shares of the firm’s stock in a transaction on Monday, January 26th. The stock was bought at an average price of $97.51 per share, with a total value of $48,755.00. Following 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 disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders have purchased 3,000 shares of company stock worth $139,355. Company insiders own 1.72% of the company’s stock.

Institutional Investors Weigh In On Texas Capital Bancshares

Large investors have recently added to or reduced their stakes in the company. Danske Bank A S acquired a new position in Texas Capital Bancshares in the 3rd quarter worth $25,000. Farther Finance Advisors LLC grew its stake in shares of Texas Capital Bancshares by 1,381.8% during the fourth quarter. Farther Finance Advisors LLC now owns 326 shares of the bank’s stock valued at $30,000 after acquiring an additional 304 shares in the last quarter. Advisory Services Network LLC purchased a new stake in shares of Texas Capital Bancshares during the third quarter worth about $32,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of Texas Capital Bancshares by 169.7% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 391 shares of the bank’s stock worth $35,000 after acquiring an additional 246 shares in the last quarter. Finally, Torren Management LLC purchased a new position in Texas Capital Bancshares in the fourth quarter valued at about $40,000. 96.88% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Texas Capital Bancshares

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

• Positive Sentiment: Zacks upgraded TCBI from Hold to Strong Buy and published a detailed note highlighting improved earnings prospects and momentum that could drive near-term buying interest. All You Need to Know About Texas Capital (TCBI) Rating Upgrade to Strong Buy
• Positive Sentiment: TCBI was added to several Zacks #1 (Strong Buy) lists — momentum, growth and value — increasing the chance of systematic inflows from model-driven funds and momentum traders. New Strong Buy Stocks for February 3rd
• Positive Sentiment: Company insider (director Robert Stallings) made a recent stock purchase, which investors often view as a vote of confidence in the firm’s outlook and can support the share price over time. Texas Capital Bancshares Director Makes Bold Insider Move With Fresh Stock Buy

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.