DA Davidson Lowers Texas Capital Bancshares (NASDAQ:TCBI) Price Target to $87.00

Texas Capital Bancshares (NASDAQ:TCBI) had its price target reduced by research analysts at DA Davidson from $90.00 to $87.00 in a report issued on Friday,Benzinga reports. The firm presently has a “neutral” rating on the bank’s stock. DA Davidson’s price objective indicates a potential upside of 12.33% from the company’s current price. DA Davidson also issued estimates for Texas Capital Bancshares’ Q1 2025 earnings at $0.90 EPS and FY2025 earnings at $6.43 EPS.

Several other brokerages have also weighed in on TCBI. Piper Sandler lowered Texas Capital Bancshares from an “overweight” rating to a “neutral” rating and lifted their price objective for the stock from $77.00 to $82.00 in a report on Friday, October 18th. Truist Financial raised their price target on shares of Texas Capital Bancshares from $80.00 to $86.00 and gave the stock a “hold” rating in a research note on Monday, October 21st. Wedbush reissued a “sector perform” rating on shares of Texas Capital Bancshares in a report on Friday, October 18th. Barclays upped their price target on Texas Capital Bancshares from $60.00 to $71.00 and gave the company an “underweight” rating in a research report on Thursday, December 5th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Texas Capital Bancshares from $86.00 to $81.00 and set an “underweight” rating on the stock in a report on Tuesday, January 7th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Texas Capital Bancshares presently has a consensus rating of “Hold” and a consensus price target of $76.27.

Texas Capital Bancshares Stock Performance

NASDAQ:TCBI opened at $77.45 on Friday. The firm has a market cap of $3.58 billion, a price-to-earnings ratio of 430.28, a price-to-earnings-growth ratio of 0.73 and a beta of 1.17. Texas Capital Bancshares has a twelve month low of $54.68 and a twelve month high of $91.80. The company has a 50-day moving average of $81.75 and a 200-day moving average of $74.45. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.22.

Texas Capital Bancshares (NASDAQ:TCBI) last released its earnings results on Thursday, January 23rd. The bank reported $1.43 earnings per share (EPS) for the quarter, topping 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%. Analysts forecast that Texas Capital Bancshares will post 4.08 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Texas Capital Bancshares

Several hedge funds have recently made changes to their positions in the business. AlphaMark Advisors LLC lifted its holdings in Texas Capital Bancshares by 2.6% in the third quarter. AlphaMark Advisors LLC now owns 5,396 shares of the bank’s stock worth $386,000 after buying an additional 139 shares during the period. Blue Trust Inc. boosted its holdings in shares of Texas Capital Bancshares by 89.9% during the 3rd quarter. Blue Trust Inc. now owns 357 shares of the bank’s stock valued at $26,000 after buying an additional 169 shares in the last quarter. State of Alaska Department of Revenue grew its position in shares of Texas Capital Bancshares by 3.5% in the 3rd quarter. State of Alaska Department of Revenue now owns 5,366 shares of the bank’s stock worth $383,000 after buying an additional 180 shares during the period. Coldstream Capital Management Inc. lifted its position in Texas Capital Bancshares by 5.3% during the 3rd quarter. Coldstream Capital Management Inc. now owns 4,309 shares of the bank’s stock valued at $309,000 after acquiring an additional 217 shares during the period. Finally, Tectonic Advisors LLC boosted its stake in Texas Capital Bancshares by 1.1% during the third quarter. Tectonic Advisors LLC now owns 22,818 shares of the bank’s stock worth $1,631,000 after acquiring an additional 244 shares in the last quarter. 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.