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

Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) have received an average rating of “Hold” from the fourteen ratings firms that are covering the stock, Marketbeat Ratings reports. Three investment 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 12 month price objective among analysts that have covered the stock in the last year is $101.1667.

A number of equities analysts have weighed in on the company. DA Davidson lifted their price objective on Texas Capital Bancshares from $94.00 to $104.00 and gave the company a “neutral” rating in a research note on Friday, January 23rd. JPMorgan Chase & Co. upped their target price on Texas Capital Bancshares from $92.00 to $105.00 and gave the stock an “underweight” rating in a research note on Tuesday, December 16th. Raymond James Financial raised their target price on Texas Capital Bancshares from $98.00 to $105.00 and gave the stock an “outperform” rating in a report on Wednesday, January 7th. Hovde Group boosted their price target on Texas Capital Bancshares from $93.00 to $102.00 and gave the company a “market perform” rating in a report on Tuesday, January 27th. Finally, Zacks Research upgraded Texas Capital Bancshares from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 2nd.

Texas Capital Bancshares Stock Up 0.2%

TCBI stock opened at $92.52 on Monday. The company has a market capitalization of $4.09 billion, a P/E ratio of 13.61, a price-to-earnings-growth ratio of 0.45 and a beta of 0.66. Texas Capital Bancshares has a 12 month low of $59.37 and a 12 month high of $108.92. The firm’s fifty day simple moving average is $98.85 and its 200-day simple moving average is $91.54. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.00 and a quick ratio of 1.00.

Texas Capital Bancshares (NASDAQ:TCBI) last issued 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 firm had revenue of $327.48 million during the quarter, compared to analysts’ expectations of $324.09 million. During the same quarter last year, the company posted $1.43 earnings per share. As a group, equities research analysts forecast that Texas Capital Bancshares will post 5.84 earnings per share for the current year.

Insider Activity

In other news, Director Paola M. Arbour bought 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 11th. The stock was purchased at an average cost of $91.50 per share, for a total transaction of $91,500.00. Following the purchase, the director directly owned 6,671 shares in the company, valued at approximately $610,396.50. This trade represents a 17.63% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Laura L. Whitley purchased 500 shares of the stock in a transaction that occurred on Monday, January 26th. The shares were purchased at an average cost of $97.51 per share, for a total transaction of $48,755.00. Following the completion of the acquisition, the director directly owned 7,961 shares of the company’s stock, valued at $776,277.11. This represents a 6.70% increase in their position. The SEC filing for this purchase provides additional information. Insiders bought a total of 49,500 shares of company stock valued at $1,252,855 in the last three months. 1.72% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Texas Capital Bancshares

Several hedge funds have recently modified their holdings of the company. Danske Bank A S purchased a new position in shares of Texas Capital Bancshares in the 3rd quarter valued at about $25,000. Farther Finance Advisors LLC raised its holdings 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. Advisory Services Network LLC purchased a new position in Texas Capital Bancshares during the third quarter worth approximately $32,000. 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 worth $35,000 after purchasing an additional 246 shares in the last quarter. Finally, Eurizon Capital SGR S.p.A. acquired a new stake in Texas Capital Bancshares in the fourth quarter valued at approximately $36,000. 96.88% of the stock is owned by hedge funds and other institutional investors.

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.