Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Receives Average Rating of “Hold” from Analysts

Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) have earned a consensus rating of “Hold” from the fourteen ratings firms that are currently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $101.1667.

A number of equities analysts recently commented on the stock. Citigroup boosted their price objective on shares of Texas Capital Bancshares from $75.00 to $88.00 and gave the stock a “sell” rating in a research note on Monday, January 26th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Texas Capital Bancshares in a report on Wednesday, January 28th. Piper Sandler boosted their price target on Texas Capital Bancshares from $86.00 to $96.00 and gave the stock a “neutral” rating in a research report on Friday, January 23rd. Stephens raised their price objective on Texas Capital Bancshares from $111.00 to $114.00 and gave the company an “overweight” rating in a research report on Friday, January 23rd. Finally, Keefe, Bruyette & Woods lifted their target price on Texas Capital Bancshares from $98.00 to $100.00 and gave the company an “outperform” rating in a research note on Monday, October 27th.

Texas Capital Bancshares Stock Up 0.5%

Shares of Texas Capital Bancshares stock opened at $104.93 on Thursday. 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 stock has a market cap of $4.64 billion, a price-to-earnings ratio of 15.43, a PEG ratio of 0.50 and a beta of 0.68. The firm’s 50-day moving average is $97.90 and its two-hundred day moving average is $89.96. Texas Capital Bancshares has a 1 year low of $59.37 and a 1 year high of $108.92.

Texas Capital Bancshares (NASDAQ:TCBI) last announced its quarterly earnings results 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. Texas Capital Bancshares had a net margin of 16.52% and a return on equity of 10.05%. The firm had revenue of $327.48 million during the quarter, compared to analysts’ expectations of $324.09 million. During the same quarter in the prior year, the company earned $1.43 EPS. As a group, research analysts expect that Texas Capital Bancshares will post 5.84 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Laura L. Whitley bought 500 shares of Texas Capital Bancshares stock in a transaction that occurred on Monday, January 26th. The stock was bought at an average price of $97.51 per share, for a total transaction of $48,755.00. Following the purchase, the director directly owned 7,961 shares of the company’s stock, valued at approximately $776,277.11. The trade was a 6.70% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Robert W. Stallings purchased 2,000 shares of the stock in a transaction 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 in the company, valued at $5,811,160.83. This trade represents a 0.72% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased a total of 3,000 shares of company stock valued at $139,355 over the last quarter. 1.72% of the stock is owned by company insiders.

Institutional Investors Weigh In On Texas Capital Bancshares

A number of institutional investors and hedge funds have recently modified their holdings of TCBI. Norges Bank acquired a new stake in Texas Capital Bancshares during the 2nd quarter valued at approximately $45,364,000. Azora Capital LP raised its holdings in shares of Texas Capital Bancshares by 141.3% during the second quarter. Azora Capital LP now owns 930,014 shares of the bank’s stock worth $73,843,000 after purchasing an additional 544,590 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of Texas Capital Bancshares by 25.1% during the third quarter. AQR Capital Management LLC now owns 1,919,194 shares of the bank’s stock worth $162,229,000 after purchasing an additional 384,748 shares during the last quarter. Balyasny Asset Management L.P. lifted its position in Texas Capital Bancshares by 2,707.2% during the third quarter. Balyasny Asset Management L.P. now owns 348,936 shares of the bank’s stock valued at $29,496,000 after purchasing an additional 336,506 shares during the period. Finally, Algert Global LLC boosted its holdings in Texas Capital Bancshares by 731.5% in the third quarter. Algert Global LLC now owns 294,840 shares of the bank’s stock valued at $24,923,000 after purchasing an additional 259,380 shares during the last quarter. Institutional investors and hedge funds own 96.88% of the company’s stock.

About Texas Capital Bancshares

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.