Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Given Consensus Rating of “Hold” by Analysts

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) has earned a consensus rating of “Hold” from the fifteen analysts that are presently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $79.47.

TCBI has been the subject of several recent analyst reports. Stephens dropped their price objective on Texas Capital Bancshares from $102.00 to $97.00 and set an “overweight” rating for the company in a research report on Tuesday, January 28th. StockNews.com raised Texas Capital Bancshares from a “sell” rating to a “hold” rating in a research note on Friday, January 31st. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $95.00 price target (down from $100.00) on shares of Texas Capital Bancshares in a research note on Wednesday, January 29th. Barclays upped their price objective on shares of Texas Capital Bancshares from $60.00 to $71.00 and gave the stock an “underweight” rating in a research report on Thursday, December 5th. Finally, DA Davidson dropped their price objective on shares of Texas Capital Bancshares from $90.00 to $87.00 and set a “neutral” rating for the company in a research note on Friday, January 24th.

Insider Buying and Selling

In other Texas Capital Bancshares news, Director Robert W. Stallings purchased 2,006 shares of the firm’s stock in a transaction on Monday, January 27th. The stock was purchased at an average cost of $20.99 per share, for a total transaction of $42,105.94. Following the acquisition, the director now owns 182,899 shares in the company, valued at approximately $3,839,050.01. The trade was a 1.11 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have purchased a total of 29,402 shares of company stock valued at $653,787 over the last ninety days. 1.72% of the stock is owned by company insiders.

Institutional Investors Weigh In On Texas Capital Bancshares

Institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in Texas Capital Bancshares by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 4,697,274 shares of the bank’s stock worth $367,327,000 after acquiring an additional 20,245 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its holdings in shares of Texas Capital Bancshares by 0.9% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,305,685 shares of the bank’s stock valued at $258,505,000 after purchasing an additional 28,282 shares during the period. Geode Capital Management LLC raised its holdings in shares of Texas Capital Bancshares by 1.2% during the third quarter. Geode Capital Management LLC now owns 1,145,271 shares of the bank’s stock valued at $81,856,000 after purchasing an additional 13,022 shares during the period. Wellington Management Group LLP boosted its position in shares of Texas Capital Bancshares by 15.4% during the 3rd quarter. Wellington Management Group LLP now owns 1,123,221 shares of the bank’s stock worth $80,265,000 after purchasing an additional 150,301 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its stake in shares of Texas Capital Bancshares by 22.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 744,833 shares of the bank’s stock valued at $58,246,000 after buying an additional 138,734 shares during the period. Institutional investors own 96.88% of the company’s stock.

Texas Capital Bancshares Price Performance

TCBI stock opened at $73.79 on Monday. The company’s 50-day moving average price is $78.06 and its two-hundred day moving average price is $78.76. Texas Capital Bancshares has a 12 month low of $54.68 and a 12 month high of $91.80. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.22. The firm has a market cap of $3.40 billion, a P/E ratio of 57.65, a P/E/G ratio of 0.75 and a beta of 1.13.

Texas Capital Bancshares (NASDAQ:TCBI) last announced its quarterly earnings data on Thursday, January 23rd. The bank reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.36. Texas Capital Bancshares had a net margin of 3.99% and a return on equity of 9.14%. On average, analysts anticipate that Texas Capital Bancshares will post 5.84 earnings per share for the current fiscal year.

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.