Texas Capital Bancshares (NASDAQ:TCBI) Given New $100.00 Price Target at JPMorgan Chase & Co.

Texas Capital Bancshares (NASDAQ:TCBI) had its price objective lowered by JPMorgan Chase & Co. from $105.00 to $100.00 in a research note released on Wednesday morning,Benzinga reports. The firm currently has an underweight rating on the bank’s stock.

A number of other analysts have also commented on the company. Citigroup increased their price objective on Texas Capital Bancshares from $75.00 to $88.00 and gave the company a “sell” rating in a research note on Monday, January 26th. Stephens upped their target price on shares of Texas Capital Bancshares from $111.00 to $114.00 and gave the company an “overweight” rating in a report on Friday, January 23rd. Barclays raised their price target on shares of Texas Capital Bancshares from $90.00 to $100.00 and gave the stock an “underweight” rating in a research note on Friday, January 23rd. Hovde Group lifted their price target on shares of Texas Capital Bancshares from $93.00 to $102.00 and gave the stock a “market perform” rating in a report on Tuesday, January 27th. Finally, Zacks Research lowered shares of Texas Capital Bancshares from a “strong-buy” rating to a “hold” rating in a research report on Monday. Four research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $100.75.

Texas Capital Bancshares Price Performance

TCBI stock opened at $95.82 on Wednesday. Texas Capital Bancshares has a 1 year low of $59.37 and a 1 year high of $108.92. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.00 and a current ratio of 1.00. The stock’s 50 day moving average price is $97.88 and its 200 day moving average price is $92.10. The firm has a market cap of $4.24 billion, a P/E ratio of 14.09, a PEG ratio of 0.46 and a beta of 0.67.

Texas Capital Bancshares (NASDAQ:TCBI) last released 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 return on equity of 10.05% and a net margin of 16.52%.The company had revenue of $327.48 million during the quarter, compared to the consensus estimate of $324.09 million. During the same quarter last year, the business posted $1.43 earnings per share. On average, sell-side analysts expect that Texas Capital Bancshares will post 5.84 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Robert W. Stallings acquired 20,000 shares of the company’s stock in a transaction dated Thursday, March 5th. The stock was bought at an average price of $22.69 per share, with a total value of $453,800.00. Following the purchase, the director directly owned 169,587 shares in the company, valued at $3,847,929.03. The trade was a 13.37% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Laura L. Whitley acquired 500 shares of the business’s stock in a transaction dated Monday, January 26th. The shares were bought 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 approximately $776,277.11. This trade represents a 6.70% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders have acquired 49,500 shares of company stock worth $1,252,855. 1.91% of the stock is owned by company insiders.

Institutional Investors Weigh In On Texas Capital Bancshares

A number of institutional investors have recently bought and sold shares of TCBI. Optimize Financial Inc purchased a new stake in shares of Texas Capital Bancshares during the 3rd quarter valued at $441,000. Federated Hermes Inc. increased its holdings in shares of Texas Capital Bancshares by 153.7% during the 3rd quarter. Federated Hermes Inc. now owns 123,900 shares of the bank’s stock worth $10,473,000 after buying an additional 75,061 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Texas Capital Bancshares by 5.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 263,975 shares of the bank’s stock worth $22,314,000 after buying an additional 14,240 shares during the last quarter. Thrivent Financial for Lutherans boosted its holdings in Texas Capital Bancshares by 15.3% in the third quarter. Thrivent Financial for Lutherans now owns 44,242 shares of the bank’s stock valued at $3,740,000 after acquiring an additional 5,867 shares during the last quarter. Finally, CWM LLC boosted its holdings in Texas Capital Bancshares by 145.1% in the third quarter. CWM LLC now owns 21,909 shares of the bank’s stock valued at $1,852,000 after acquiring an additional 12,971 shares during the last quarter. 96.88% of the stock is currently 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.