Texas Capital Bancshares (NASDAQ:TCBI) Price Target Increased to $74.00 by Analysts at DA Davidson

Texas Capital Bancshares (NASDAQ:TCBI) had its price objective increased by DA Davidson from $65.00 to $74.00 in a research report report published on Monday morning, Benzinga reports. DA Davidson currently has a neutral rating on the bank’s stock.

TCBI has been the subject of a number of other reports. Truist Financial upped their target price on shares of Texas Capital Bancshares from $62.00 to $70.00 and gave the company a hold rating in a report on Monday, July 22nd. Stephens upped their price objective on Texas Capital Bancshares from $73.00 to $75.00 and gave the stock an overweight rating in a research note on Friday, July 19th. Keefe, Bruyette & Woods reiterated an outperform rating and set a $74.00 target price on shares of Texas Capital Bancshares in a research report on Monday. Jefferies Financial Group reduced their price target on Texas Capital Bancshares from $64.00 to $61.00 and set a hold rating for the company in a research report on Wednesday, July 3rd. Finally, JPMorgan Chase & Co. raised their price objective on Texas Capital Bancshares from $70.00 to $73.00 and gave the stock an underweight rating in a research note on Monday. Five research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Texas Capital Bancshares currently has a consensus rating of Hold and a consensus price target of $66.77.

Texas Capital Bancshares Trading Up 0.6 %

Shares of NASDAQ:TCBI opened at $67.97 on Monday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.00 and a quick ratio of 0.99. Texas Capital Bancshares has a 1 year low of $52.89 and a 1 year high of $72.07. The company has a market cap of $3.14 billion, a P/E ratio of 20.60, a PEG ratio of 3.05 and a beta of 1.13. The stock’s fifty day moving average price is $63.90 and its 200-day moving average price is $60.85.

Texas Capital Bancshares (NASDAQ:TCBI) last issued its quarterly earnings data on Thursday, July 18th. The bank reported $0.80 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.06). The company had revenue of $472.49 million for the quarter, compared to the consensus estimate of $268.02 million. Texas Capital Bancshares had a net margin of 8.08% and a return on equity of 6.05%. During the same quarter last year, the company earned $1.33 EPS. Sell-side analysts expect that Texas Capital Bancshares will post 3.31 earnings per share for the current year.

Insider Transactions at Texas Capital Bancshares

In other news, Director Robert W. Stallings purchased 4,000 shares of the business’s stock in a transaction on Thursday, July 25th. The stock was acquired at an average price of $20.62 per share, for a total transaction of $82,480.00. Following the acquisition, the director now directly owns 12,794 shares of the company’s stock, valued at approximately $263,812.28. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Texas Capital Bancshares news, Director Robert W. Stallings purchased 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 25th. The shares were bought at an average price of $20.62 per share, with a total value of $82,480.00. Following the completion of the purchase, the director now directly owns 12,794 shares in the company, valued at $263,812.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert W. Stallings acquired 14,000 shares of the company’s stock in a transaction on Wednesday, July 31st. The stock was acquired at an average cost of $19.93 per share, with a total value of $279,020.00. Following the completion of the purchase, the director now directly owns 55,294 shares in the company, valued at $1,102,009.42. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 43,500 shares of company stock valued at $876,400. 0.99% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Texas Capital Bancshares

Several institutional investors have recently modified their holdings of TCBI. Vanguard Group Inc. increased its position in shares of Texas Capital Bancshares by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 4,888,236 shares of the bank’s stock valued at $315,927,000 after purchasing an additional 68,211 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Texas Capital Bancshares by 2.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,265,085 shares of the bank’s stock valued at $211,025,000 after acquiring an additional 80,311 shares during the period. Wellington Management Group LLP lifted its holdings in shares of Texas Capital Bancshares by 97.9% in the 4th quarter. Wellington Management Group LLP now owns 1,106,536 shares of the bank’s stock worth $71,515,000 after acquiring an additional 547,336 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of Texas Capital Bancshares by 87.0% in the 2nd quarter. AQR Capital Management LLC now owns 1,087,715 shares of the bank’s stock worth $65,219,000 after acquiring an additional 506,094 shares during the last quarter. Finally, Heartland Advisors Inc. grew its holdings in Texas Capital Bancshares by 7.8% during the 4th quarter. Heartland Advisors Inc. now owns 819,896 shares of the bank’s stock valued at $54,442,000 after purchasing an additional 59,132 shares during the last quarter. 96.88% of the stock is owned by 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.