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

Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) have earned a consensus recommendation of “Hold” from the sixteen research firms that are covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $74.69.

Several research analysts have weighed in on the stock. Truist Financial increased their price target 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. Hovde Group upped their price target on shares of Texas Capital Bancshares from $73.00 to $79.00 and gave the company a “market perform” rating in a research report on Friday, October 18th. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $74.00 price target on shares of Texas Capital Bancshares in a report on Monday, September 9th. Piper Sandler lowered Texas Capital Bancshares from an “overweight” rating to a “neutral” rating and increased their price target for the stock from $77.00 to $82.00 in a report on Friday, October 18th. Finally, DA Davidson lifted their target price on Texas Capital Bancshares from $73.00 to $81.00 and gave the company a “neutral” rating in a research report on Friday, October 25th.

Insider Buying and Selling at Texas Capital Bancshares

In related news, Director Robert W. Stallings bought 20,000 shares of the company’s stock in a transaction on 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 completion of the acquisition, the director now owns 84,587 shares of the company’s stock, valued at $1,800,011.36. The trade was a 30.97 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.53% of the stock is currently owned by corporate insiders.

Institutional Trading of Texas Capital Bancshares

Institutional investors have recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Texas Capital Bancshares by 21.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,473 shares of the bank’s stock worth $640,000 after acquiring an additional 1,882 shares during the period. Innealta Capital LLC bought a new position in Texas Capital Bancshares in the second quarter worth approximately $26,000. Wolverine Asset Management LLC bought a new stake in shares of Texas Capital Bancshares in the 2nd quarter valued at about $2,029,000. Mesirow Institutional Investment Management Inc. purchased a new stake in Texas Capital Bancshares in the second quarter valued at about $11,489,000. Finally, Hodges Capital Management Inc. grew its holdings in shares of Texas Capital Bancshares by 22.0% during the second quarter. Hodges Capital Management Inc. now owns 179,098 shares of the bank’s stock valued at $10,950,000 after buying an additional 32,248 shares during the last quarter. 96.88% of the stock is currently owned by hedge funds and other institutional investors.

Texas Capital Bancshares Trading Down 0.0 %

Shares of NASDAQ TCBI opened at $76.77 on Friday. Texas Capital Bancshares has a twelve month low of $54.68 and a twelve month high of $91.80. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.22. The stock has a market cap of $3.55 billion, a price-to-earnings ratio of 426.50, a P/E/G ratio of 0.80 and a beta of 1.14. The company’s fifty day moving average is $83.08 and its 200-day moving average is $70.93.

Texas Capital Bancshares (NASDAQ:TCBI) last issued its quarterly earnings results on Thursday, October 17th. The bank reported $1.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.65. The firm had revenue of $304.91 million for the quarter, compared to analyst estimates of $279.64 million. Texas Capital Bancshares had a net margin of 1.40% and a return on equity of 8.06%. Equities research analysts predict that Texas Capital Bancshares will post 4.15 EPS for the current year.

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.