Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Given Consensus Recommendation of “Reduce” by Analysts

Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) have been assigned an average recommendation of “Reduce” from the thirteen brokerages that are currently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $63.58.

Several equities research analysts have recently weighed in on TCBI shares. Keefe, Bruyette & Woods decreased their target price on shares of Texas Capital Bancshares from $76.00 to $74.00 and set an “outperform” rating for the company in a research note on Monday, April 22nd. Stephens decreased their price target on shares of Texas Capital Bancshares from $78.00 to $73.00 and set an “overweight” rating for the company in a research report on Friday, April 19th. Jefferies Financial Group cut their target price on shares of Texas Capital Bancshares from $70.00 to $61.00 and set a “hold” rating on the stock in a research note on Monday, April 8th. Raymond James lowered shares of Texas Capital Bancshares from a “strong-buy” rating to a “market perform” rating in a research note on Thursday, April 4th. Finally, Truist Financial dropped their price target on shares of Texas Capital Bancshares from $66.00 to $61.00 and set a “hold” rating on the stock in a research note on Monday, April 22nd.

Texas Capital Bancshares Stock Performance

Shares of TCBI opened at $61.14 on Friday. The stock has a market cap of $2.85 billion, a P/E ratio of 18.53, a P/E/G ratio of 1.46 and a beta of 1.15. The stock has a 50-day moving average of $59.42 and a two-hundred day moving average of $60.14. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.00 and a current ratio of 1.00. Texas Capital Bancshares has a one year low of $50.40 and a one year high of $66.18.

Texas Capital Bancshares (NASDAQ:TCBI) last issued its earnings results on Thursday, April 18th. The bank reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.03. Texas Capital Bancshares had a return on equity of 7.05% and a net margin of 9.66%. The business had revenue of $256.33 million for the quarter, compared to analysts’ expectations of $253.27 million. As a group, research analysts predict that Texas Capital Bancshares will post 3.5 EPS for the current year.

Insider Buying and Selling at Texas Capital Bancshares

In other Texas Capital Bancshares news, Director Robert W. Stallings purchased 3,000 shares of Texas Capital Bancshares stock in a transaction dated Friday, May 10th. The stock was acquired at an average price of $19.50 per share, for a total transaction of $58,500.00. Following the acquisition, the director now owns 156,706 shares in the company, valued at approximately $3,055,767. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director Robert W. Stallings purchased 3,000 shares of the stock in a transaction dated Friday, May 10th. The stock was acquired at an average cost of $19.50 per share, for a total transaction of $58,500.00. Following the completion of the acquisition, the director now directly owns 156,706 shares in the company, valued at approximately $3,055,767. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Robert W. Stallings bought 6,000 shares of the firm’s stock in a transaction on Monday, May 20th. The stock was bought at an average price of $19.52 per share, with a total value of $117,120.00. Following the completion of the purchase, the director now owns 163,706 shares of the company’s stock, valued at $3,195,541.12. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 15,004 shares of company stock worth $292,878. Insiders own 0.99% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. CWM LLC grew its stake in shares of Texas Capital Bancshares by 426.6% in the 1st quarter. CWM LLC now owns 674 shares of the bank’s stock valued at $41,000 after purchasing an additional 546 shares during the last quarter. Mather Group LLC. bought a new position in shares of Texas Capital Bancshares in the 1st quarter valued at about $50,000. Fidelis Capital Partners LLC bought a new stake in Texas Capital Bancshares during the 1st quarter worth approximately $54,000. Headlands Technologies LLC raised its holdings in shares of Texas Capital Bancshares by 41.9% in the fourth quarter. Headlands Technologies LLC now owns 1,613 shares of the bank’s stock valued at $104,000 after purchasing an additional 476 shares during the last quarter. Finally, Keener Financial Planning LLC bought a new stake in shares of Texas Capital Bancshares in the 4th quarter worth approximately $139,000. 96.88% of the stock is owned by hedge funds and other institutional investors.

About Texas Capital Bancshares

Texas Capital Bancshares, Inc operates as the bank holding company for Texas Capital Bank, is a full-service financial services firm that delivers customized solutions to businesses, entrepreneurs, and individual customers. The company offers commercial banking; consumer banking; investment banking solutions, including capital markets, mergers and acquisitions, and syndicated finance, as well as financial sponsor coverage, capital solutions, and institutional services; and wealth management services, such as investment management, financial planning, lockbox and insurance, securities-based lending, estate planning, and business succession, as well as philanthropic, trustee and executor, custom credit, and depository services.