Texas Capital Bancshares (NASDAQ:TCBI) PT Raised to $85.00

Texas Capital Bancshares (NASDAQ:TCBI) had its target price upped by equities researchers at Wedbush from $77.00 to $85.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage currently has a “neutral” rating on the bank’s stock. Wedbush’s target price would suggest a potential upside of 7.57% from the company’s previous close. Wedbush also issued estimates for Texas Capital Bancshares’ Q4 2024 earnings at $0.98 EPS, Q3 2025 earnings at $1.50 EPS and Q4 2025 earnings at $1.58 EPS.

Several other research analysts have also recently issued reports on TCBI. Barclays raised their target price on shares of Texas Capital Bancshares from $49.00 to $60.00 and gave the stock an “underweight” rating in a report on Friday. Hovde Group raised their price target on shares of Texas Capital Bancshares from $73.00 to $79.00 and gave the stock a “market perform” rating in a report on Friday. DA Davidson boosted their price objective on shares of Texas Capital Bancshares from $65.00 to $74.00 and gave the company a “neutral” rating in a research report on Monday, September 9th. Citigroup reiterated a “sell” rating and set a $60.00 target price on shares of Texas Capital Bancshares in a report on Monday, July 22nd. Finally, Royal Bank of Canada raised their target price on Texas Capital Bancshares from $73.00 to $83.00 and gave the stock a “sector perform” rating in a research note on Friday. Five investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $73.19.

Texas Capital Bancshares Stock Performance

NASDAQ TCBI opened at $79.02 on Friday. The firm has a market cap of $3.69 billion, a price-to-earnings ratio of 23.95, a PEG ratio of 0.98 and a beta of 1.13. The company has a 50-day simple moving average of $69.13 and a two-hundred day simple moving average of $63.49. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 0.23. Texas Capital Bancshares has a 12-month low of $52.89 and a 12-month high of $82.25.

Texas Capital Bancshares (NASDAQ:TCBI) last issued its earnings results on Thursday, July 18th. The bank reported $0.80 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.06). The company had revenue of $472.49 million for the quarter, compared to analysts’ expectations 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 in the prior year, the company earned $1.33 earnings per share. On average, equities analysts forecast that Texas Capital Bancshares will post 3.5 EPS for the current year.

Insider Activity

In other news, Director Robert W. Stallings purchased 4,000 shares of Texas Capital Bancshares stock in a transaction that occurred on Thursday, July 25th. The shares were bought at an average cost 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 approximately $263,812.28. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Texas Capital Bancshares news, Director Robert W. Stallings purchased 4,000 shares of the stock in a transaction that occurred on Thursday, July 25th. The stock was bought at an average cost of $20.62 per share, with a total value of $82,480.00. Following the transaction, the director now directly owns 12,794 shares in the company, valued at approximately $263,812.28. The trade was a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Robert W. Stallings acquired 15,000 shares of the business’s stock in a transaction on Friday, August 2nd. The stock was acquired at an average price of $20.00 per share, for a total transaction of $300,000.00. Following the acquisition, the director now owns 20,000 shares of the company’s stock, valued at approximately $400,000. This trade represents a 300.00 % increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 43,500 shares of company stock worth $876,400 in the last quarter. 0.99% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. increased its holdings in shares of Texas Capital Bancshares by 42.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 544,408 shares of the bank’s stock valued at $35,185,000 after acquiring an additional 161,643 shares in the last quarter. Wellington Management Group LLP raised its holdings in Texas Capital Bancshares by 97.9% in the fourth quarter. Wellington Management Group LLP now owns 1,106,536 shares of the bank’s stock worth $71,515,000 after buying an additional 547,336 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Texas Capital Bancshares by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 4,888,236 shares of the bank’s stock worth $315,927,000 after buying an additional 68,211 shares in the last quarter. CWM LLC grew its holdings in shares of Texas Capital Bancshares by 426.6% during the first quarter. CWM LLC now owns 674 shares of the bank’s stock valued at $41,000 after buying an additional 546 shares during the last quarter. Finally, Mather Group LLC. bought a new stake in shares of Texas Capital Bancshares during the first quarter valued at approximately $50,000. Institutional investors own 96.88% of the company’s stock.

Texas Capital Bancshares Company Profile

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.