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

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) has received an average rating of “Hold” from the sixteen research firms that are covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $74.00.

Several research analysts have recently commented on the stock. Wedbush reissued a “sector perform” rating on shares of Texas Capital Bancshares in a research note on Friday, October 18th. StockNews.com lowered shares of Texas Capital Bancshares from a “hold” rating to a “sell” rating in a research note on Tuesday. JPMorgan Chase & Co. raised their price objective on shares of Texas Capital Bancshares from $72.00 to $80.00 and gave the company an “underweight” rating in a research note on Friday, October 18th. Raymond James raised shares of Texas Capital Bancshares from a “market perform” rating to an “outperform” rating and set a $78.00 price objective for the company in a research note on Tuesday, September 17th. Finally, Royal Bank of Canada raised their price objective on shares of 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.

Insiders Place Their Bets

In other Texas Capital Bancshares news, Director Robert W. Stallings bought 20,000 shares of the business’s stock in a transaction dated Tuesday, October 22nd. The shares were acquired at an average cost of $21.28 per share, with a total value of $425,600.00. Following the acquisition, the director now directly owns 84,587 shares of the company’s stock, valued at $1,800,011.36. The trade was a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 1.53% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Texas Capital Bancshares

Institutional investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets raised its holdings in Texas Capital Bancshares by 73.0% in the first quarter. BNP Paribas Financial Markets now owns 25,489 shares of the bank’s stock valued at $1,569,000 after buying an additional 10,752 shares during the period. Capstone Investment Advisors LLC lifted its stake in Texas Capital Bancshares by 43.6% in the first quarter. Capstone Investment Advisors LLC now owns 10,111 shares of the bank’s stock valued at $622,000 after buying an additional 3,070 shares during the last quarter. Fidelis Capital Partners LLC bought a new stake in Texas Capital Bancshares in the first quarter valued at $54,000. Central Pacific Bank Trust Division bought a new stake in shares of Texas Capital Bancshares during the first quarter valued at about $438,000. Finally, SG Americas Securities LLC raised its stake in shares of Texas Capital Bancshares by 40.4% during the first quarter. SG Americas Securities LLC now owns 3,932 shares of the bank’s stock valued at $242,000 after purchasing an additional 1,131 shares in the last quarter. 96.88% of the stock is currently owned by hedge funds and other institutional investors.

Texas Capital Bancshares Trading Down 0.5 %

Shares of TCBI stock opened at $76.95 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market cap of $3.56 billion, a PE ratio of 427.50, a price-to-earnings-growth ratio of 0.75 and a beta of 1.13. The company has a 50-day moving average of $72.03 and a two-hundred day moving average of $64.65. Texas Capital Bancshares has a 1-year low of $53.16 and a 1-year high of $82.25.

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.