Analysts Set Texas Capital Bancshares, Inc. (NASDAQ:TCBI) PT at $79.13

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) has been given an average recommendation of “Hold” by the fifteen brokerages that are covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $79.13.

A number of research analysts recently weighed in on the stock. Truist Financial lifted their price objective on shares of Texas Capital Bancshares from $80.00 to $86.00 and gave the company a “hold” rating in a report on Monday, October 21st. DA Davidson reduced their price objective on Texas Capital Bancshares from $90.00 to $87.00 and set a “neutral” rating on the stock in a research note on Friday, January 24th. Barclays boosted their target price on Texas Capital Bancshares from $60.00 to $71.00 and gave the stock an “underweight” rating in a research note on Thursday, December 5th. StockNews.com raised Texas Capital Bancshares from a “sell” rating to a “hold” rating in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. reduced their target price on shares of Texas Capital Bancshares from $81.00 to $80.00 and set an “underweight” rating on the stock in a report on Friday, January 24th.

Texas Capital Bancshares Price Performance

NASDAQ:TCBI opened at $83.85 on Friday. The stock has a 50 day moving average of $80.04 and a two-hundred day moving average of $75.69. The company has a current ratio of 1.00, a quick ratio of 1.01 and a debt-to-equity ratio of 0.22. The firm has a market cap of $3.87 billion, a P/E ratio of 65.51, a price-to-earnings-growth ratio of 0.78 and a beta of 1.16. Texas Capital Bancshares has a 12 month low of $54.68 and a 12 month high of $91.80.

Texas Capital Bancshares (NASDAQ:TCBI) last issued its quarterly earnings data on Thursday, January 23rd. The bank reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.36. Texas Capital Bancshares had a return on equity of 9.14% and a net margin of 3.99%. On average, analysts expect that Texas Capital Bancshares will post 5.8 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Robert W. Stallings purchased 5,670 shares of the stock in a transaction dated Friday, January 24th. The stock was acquired at an average cost of $27.60 per share, for a total transaction of $156,492.00. Following the completion of the acquisition, the director now directly owns 180,893 shares in the company, valued at $4,992,646.80. This represents a 3.24 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders bought a total of 22,402 shares of company stock worth $510,777 over the last 90 days. 0.99% of the stock is currently owned by corporate insiders.

Institutional Trading of Texas Capital Bancshares

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TCBI. Blue Trust Inc. boosted its position in Texas Capital Bancshares by 89.9% during the 3rd quarter. Blue Trust Inc. now owns 357 shares of the bank’s stock worth $26,000 after purchasing an additional 169 shares during the period. Picton Mahoney Asset Management acquired a new stake in Texas Capital Bancshares in the fourth quarter valued at approximately $30,000. Icon Wealth Advisors LLC acquired a new position in shares of Texas Capital Bancshares during the third quarter worth $31,000. Assetmark Inc. purchased a new position in shares of Texas Capital Bancshares in the fourth quarter valued at $32,000. Finally, Venturi Wealth Management LLC acquired a new position in Texas Capital Bancshares in the 4th quarter worth $37,000. Hedge funds and other institutional investors own 96.88% of the company’s stock.

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.