Texas Capital Bancshares (NASDAQ:TCBI) Stock Rating Lowered by StockNews.com

Texas Capital Bancshares (NASDAQ:TCBI) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday.

A number of other analysts have also issued reports on TCBI. JPMorgan Chase & Co. decreased their price objective on Texas Capital Bancshares from $86.00 to $81.00 and set an “underweight” rating on the stock in a research note on Tuesday, January 7th. Truist Financial raised their price objective on shares of Texas Capital Bancshares from $80.00 to $86.00 and gave the company a “hold” rating in a research report on Monday, October 21st. Royal Bank of Canada upped their target price on shares of Texas Capital Bancshares from $73.00 to $83.00 and gave the stock a “sector perform” rating in a report on Friday, October 18th. Piper Sandler downgraded shares of Texas Capital Bancshares from an “overweight” rating to a “neutral” rating and raised their price target for the company from $77.00 to $82.00 in a report on Friday, October 18th. Finally, Hovde Group upped 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, October 18th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Texas Capital Bancshares presently has a consensus rating of “Hold” and an average target price of $76.27.

Texas Capital Bancshares Trading Up 0.6 %

Shares of Texas Capital Bancshares stock opened at $77.45 on Thursday. The stock has a market capitalization of $3.58 billion, a P/E ratio of 430.28, a P/E/G ratio of 0.73 and a beta of 1.17. Texas Capital Bancshares has a 52-week low of $54.68 and a 52-week high of $91.80. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.01 and a current ratio of 1.01. The stock’s 50-day simple moving average is $81.75 and its 200 day simple moving average is $74.35.

Texas Capital Bancshares (NASDAQ:TCBI) last announced its quarterly earnings results on Thursday, January 23rd. The bank reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.36. Texas Capital Bancshares had a net margin of 1.40% and a return on equity of 8.06%. As a group, research analysts anticipate that Texas Capital Bancshares will post 4.08 EPS for the current year.

Institutional Trading of Texas Capital Bancshares

Hedge funds have recently added to or reduced their stakes in the business. Mercer Global Advisors Inc. ADV boosted its position in Texas Capital Bancshares by 34.3% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 8,097 shares of the bank’s stock valued at $495,000 after buying an additional 2,069 shares during the period. Vanguard Personalized Indexing Management LLC bought a new stake in shares of Texas Capital Bancshares in the second quarter worth about $207,000. Intech Investment Management LLC purchased a new position in Texas Capital Bancshares during the 2nd quarter valued at about $770,000. Sei Investments Co. raised its position in Texas Capital Bancshares by 8.5% during the 2nd quarter. Sei Investments Co. now owns 152,887 shares of the bank’s stock valued at $9,347,000 after purchasing an additional 12,041 shares during the last quarter. Finally, Gabelli Funds LLC lifted its holdings in Texas Capital Bancshares by 54.6% in the 2nd quarter. Gabelli Funds LLC now owns 10,050 shares of the bank’s stock worth $614,000 after buying an additional 3,550 shares during the period. 96.88% of the stock is owned by institutional investors.

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.