Texas Capital Bancshares (NASDAQ:TCBI) Price Target Raised to $110.00 at TD Cowen

Texas Capital Bancshares (NASDAQ:TCBI) had its price target lifted by TD Cowen from $103.00 to $110.00 in a report published on Monday,Benzinga reports. TD Cowen currently has a hold rating on the bank’s stock.

Several other brokerages also recently weighed in on TCBI. Barclays increased their price target on Texas Capital Bancshares from $90.00 to $100.00 and gave the stock an “underweight” rating in a report on Friday. Keefe, Bruyette & Woods upped their price objective on Texas Capital Bancshares from $98.00 to $100.00 and gave the company an “outperform” rating in a research report on Monday, October 27th. DA Davidson lifted their target price on Texas Capital Bancshares from $94.00 to $104.00 and gave the stock a “neutral” rating in a research report on Friday. Piper Sandler boosted their target price on shares of Texas Capital Bancshares from $86.00 to $96.00 and gave the company a “neutral” rating in a research note on Friday. Finally, Raymond James Financial upped their price target on shares of Texas Capital Bancshares from $98.00 to $105.00 and gave the stock an “outperform” rating in a report on Wednesday, January 7th. Four equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, Texas Capital Bancshares presently has an average rating of “Hold” and a consensus price target of $100.42.

Texas Capital Bancshares Trading Up 0.6%

TCBI stock opened at $97.63 on Monday. 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 has a twelve month low of $59.37 and a twelve month high of $105.36. The stock has a market capitalization of $4.46 billion, a price-to-earnings ratio of 14.36, a price-to-earnings-growth ratio of 0.68 and a beta of 0.67. The firm’s fifty day simple moving average is $93.68 and its two-hundred day simple moving average is $88.03.

Texas Capital Bancshares (NASDAQ:TCBI) last released its quarterly earnings results on Thursday, January 22nd. The bank reported $2.08 EPS for the quarter, topping analysts’ consensus estimates 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 period in the previous year, the company earned $1.43 EPS. As a group, analysts anticipate that Texas Capital Bancshares will post 5.84 earnings per share for the current year.

Hedge Funds Weigh In On Texas Capital Bancshares

A number of hedge funds and other institutional investors have recently modified their holdings of TCBI. Merit Financial Group LLC boosted its position in Texas Capital Bancshares by 13.8% during the 4th 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 in the last quarter. Farther Finance Advisors LLC raised its position in shares of 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 acquiring an additional 304 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Texas Capital Bancshares by 2.2% during 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 during the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its position in Texas Capital Bancshares by 169.7% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 391 shares of the bank’s stock valued at $35,000 after purchasing an additional 246 shares in the last quarter. Finally, Exchange Traded Concepts LLC bought a new stake in Texas Capital Bancshares during the fourth quarter valued at about $103,000. 96.88% of the stock is currently owned by institutional investors.

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.