Stephens Has Lowered Expectations for Texas Capital Bancshares (NASDAQ:TCBI) Stock Price

Texas Capital Bancshares (NASDAQ:TCBI) had its price target lowered by investment analysts at Stephens from $102.00 to $97.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the bank’s stock. Stephens’ price objective suggests a potential upside of 23.55% from the company’s current price.

Other equities research analysts have also issued research reports about the company. Royal Bank of Canada upped their target price on Texas Capital Bancshares from $73.00 to $83.00 and gave the company a “sector perform” rating in a research note on Friday, October 18th. Truist Financial lifted their price target on shares of Texas Capital Bancshares from $80.00 to $86.00 and gave the stock a “hold” rating in a report on Monday, October 21st. StockNews.com lowered shares of Texas Capital Bancshares from a “hold” rating to a “sell” rating in a research report on Thursday, January 23rd. Wedbush reiterated a “sector perform” rating on shares of Texas Capital Bancshares in a report on Friday, October 18th. Finally, DA Davidson cut their price objective on shares of Texas Capital Bancshares from $90.00 to $87.00 and set a “neutral” rating on the stock in a report on Friday, January 24th. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $79.13.

Texas Capital Bancshares Price Performance

Shares of NASDAQ TCBI opened at $78.51 on Tuesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.01 and a current ratio of 1.01. Texas Capital Bancshares has a one year low of $54.68 and a one year high of $91.80. The firm has a market capitalization of $3.63 billion, a P/E ratio of 436.17, a PEG ratio of 0.73 and a beta of 1.17. The company’s fifty day moving average is $81.34 and its two-hundred day moving average is $74.76.

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

Insider Activity

In other news, Director Robert W. Stallings acquired 2,006 shares of the company’s stock in a transaction that occurred on Monday, January 27th. The shares were acquired at an average price of $20.99 per share, with a total value of $42,105.94. Following the acquisition, the director now directly owns 182,899 shares in the company, valued at approximately $3,839,050.01. The trade was a 1.11 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.99% of the company’s stock.

Institutional Trading of Texas Capital Bancshares

Several hedge funds have recently added to or reduced their stakes in the business. Algert Global LLC increased its stake in Texas Capital Bancshares by 367.3% during the 3rd quarter. Algert Global LLC now owns 22,316 shares of the bank’s stock valued at $1,595,000 after buying an additional 17,540 shares during the period. Jane Street Group LLC lifted its position in Texas Capital Bancshares by 107.2% in the third quarter. Jane Street Group LLC now owns 132,672 shares of the bank’s stock worth $9,481,000 after purchasing an additional 68,632 shares during the period. LMR Partners LLP bought a new position in Texas Capital Bancshares during the 3rd quarter valued at $740,000. Wolverine Asset Management LLC raised its stake in shares of Texas Capital Bancshares by 23.6% in the 3rd quarter. Wolverine Asset Management LLC now owns 41,038 shares of the bank’s stock worth $2,933,000 after buying an additional 7,849 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky lifted its holdings in shares of Texas Capital Bancshares by 19.5% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 56,606 shares of the bank’s stock valued at $4,045,000 after buying an additional 9,225 shares during the period. 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.