Texas Capital Bancshares (NASDAQ:TCBI) Given New $86.00 Price Target at Truist Financial

Texas Capital Bancshares (NASDAQ:TCBI) had its target price upped by Truist Financial from $80.00 to $86.00 in a report released on Monday morning, Benzinga reports. The brokerage currently has a hold rating on the bank’s stock.

Other analysts have also recently issued reports about the company. Stephens lifted their price objective on Texas Capital Bancshares from $73.00 to $75.00 and gave the company an “overweight” rating in a research report on Friday, July 19th. Jefferies Financial Group decreased their price objective on Texas Capital Bancshares from $64.00 to $61.00 and set a “hold” rating for the company in a report on Wednesday, July 3rd. Raymond James upgraded shares of Texas Capital Bancshares from a “market perform” rating to an “outperform” rating and set a $78.00 target price on the stock in a report on Tuesday, September 17th. DA Davidson lifted their price target on shares of Texas Capital Bancshares from $65.00 to $74.00 and gave the company a “neutral” rating in a research report on Monday, September 9th. Finally, Bank of America upgraded shares of Texas Capital Bancshares from an “underperform” rating to a “buy” rating and upped their price objective for the stock from $51.00 to $77.00 in a report on Monday, September 9th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $73.56.

Texas Capital Bancshares Stock Performance

Shares of TCBI stock opened at $76.63 on Monday. The firm has a market capitalization of $3.54 billion, a price-to-earnings ratio of 425.72, a PEG ratio of 1.00 and a beta of 1.13. The stock has a fifty day moving average of $69.13 and a 200 day moving average of $63.53. Texas Capital Bancshares has a 52 week low of $52.89 and a 52 week high of $82.25. The company has a quick ratio of 0.99, a current ratio of 1.01 and a debt-to-equity ratio of 0.22.

Insider Buying and Selling

In related news, Director Robert W. Stallings bought 15,000 shares of the stock in a transaction on Friday, August 2nd. The shares were acquired at an average price of $20.00 per share, for a total transaction of $300,000.00. Following the purchase, the director now owns 20,000 shares of the company’s stock, valued at approximately $400,000. The trade was a 300.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Robert W. Stallings acquired 15,000 shares of the stock in a transaction that occurred on Friday, August 2nd. The shares were bought at an average price of $20.00 per share, for a total transaction of $300,000.00. Following the completion of the transaction, the director now directly owns 20,000 shares in the company, valued at approximately $400,000. This trade represents a 300.00 % 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. Also, Director Robert W. Stallings bought 14,000 shares of the business’s stock in a transaction on Wednesday, July 31st. The stock was bought at an average cost of $19.93 per share, with a total value of $279,020.00. Following the transaction, the director now owns 55,294 shares in the company, valued at $1,102,009.42. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 43,000 shares of company stock worth $866,100. 0.99% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Texas Capital Bancshares

A number of large investors have recently made changes to their positions in the company. Innealta Capital LLC bought a new position in shares of Texas Capital Bancshares in the 2nd quarter worth approximately $26,000. Blue Trust Inc. increased its holdings in Texas Capital Bancshares by 89.9% during the third quarter. Blue Trust Inc. now owns 357 shares of the bank’s stock valued at $26,000 after buying an additional 169 shares during the last quarter. CWM LLC boosted its stake in shares of Texas Capital Bancshares by 426.6% during the 1st quarter. CWM LLC now owns 674 shares of the bank’s stock worth $41,000 after acquiring an additional 546 shares during the last quarter. Mather Group LLC. purchased a new position in shares of Texas Capital Bancshares during the 1st quarter worth $50,000. Finally, Fidelis Capital Partners LLC purchased a new stake in shares of Texas Capital Bancshares in the 1st quarter worth $54,000. 96.88% of the stock is currently owned by 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.