Keefe, Bruyette & Woods Reiterates “Outperform” Rating for Texas Capital Bancshares (NASDAQ:TCBI)

Texas Capital Bancshares (NASDAQ:TCBI)‘s stock had its “outperform” rating restated by stock analysts at Keefe, Bruyette & Woods in a report issued on Wednesday,Benzinga reports. They presently have a $95.00 price objective on the bank’s stock, down from their prior price objective of $100.00. Keefe, Bruyette & Woods’ target price suggests a potential upside of 19.80% from the stock’s previous close.

Several other equities analysts have also recently weighed in on the stock. Stephens lowered their price objective on shares of Texas Capital Bancshares from $102.00 to $97.00 and set an “overweight” rating on the stock in a research report on Tuesday. Barclays lifted their price target on Texas Capital Bancshares from $60.00 to $71.00 and gave the company an “underweight” rating in a report on Thursday, December 5th. Piper Sandler downgraded Texas Capital Bancshares from an “overweight” rating to a “neutral” rating and increased their price objective for the stock from $77.00 to $82.00 in a research note on Friday, October 18th. JPMorgan Chase & Co. dropped their target price on Texas Capital Bancshares from $81.00 to $80.00 and set an “underweight” rating on the stock in a report on Friday, January 24th. Finally, Wedbush restated a “sector perform” rating on shares of Texas Capital Bancshares in a report on Friday, October 18th. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $79.13.

Texas Capital Bancshares Stock Up 1.0 %

TCBI stock opened at $79.30 on Wednesday. The firm’s 50-day moving average is $81.22 and its two-hundred day moving average is $74.79. The company has a market capitalization of $3.66 billion, a price-to-earnings ratio of 440.56, a price-to-earnings-growth ratio of 0.73 and a beta of 1.17. Texas Capital Bancshares has a 52 week low of $54.68 and a 52 week high of $91.80. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.22.

Texas Capital Bancshares (NASDAQ:TCBI) last issued its earnings results on Thursday, January 23rd. The bank reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.36. Texas Capital Bancshares had a net margin of 1.40% and a return on equity of 8.06%. On average, analysts forecast that Texas Capital Bancshares will post 4.08 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Robert W. Stallings bought 5,670 shares of the business’s stock in a transaction that occurred on Friday, January 24th. The stock was purchased at an average cost of $27.60 per share, for a total transaction of $156,492.00. Following the purchase, the director now directly owns 180,893 shares in the company, valued at $4,992,646.80. This trade represents a 3.24 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders bought a total of 8,402 shares of company stock valued at $213,837 in the last quarter. Insiders own 0.99% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Algert Global LLC grew its position in Texas Capital Bancshares by 367.3% during the third quarter. Algert Global LLC now owns 22,316 shares of the bank’s stock worth $1,595,000 after buying an additional 17,540 shares in the last quarter. Jane Street Group LLC lifted its position in shares of Texas Capital Bancshares by 107.2% in the 3rd quarter. Jane Street Group LLC now owns 132,672 shares of the bank’s stock worth $9,481,000 after acquiring an additional 68,632 shares during the period. LMR Partners LLP bought a new stake in shares of Texas Capital Bancshares in the 3rd quarter worth approximately $740,000. Wolverine Asset Management LLC increased its position in shares of Texas Capital Bancshares by 23.6% during the third quarter. Wolverine Asset Management LLC now owns 41,038 shares of the bank’s stock valued at $2,933,000 after purchasing an additional 7,849 shares during the period. Finally, Teachers Retirement System of The State of Kentucky raised its stake in shares of Texas Capital Bancshares by 19.5% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 56,606 shares of the bank’s stock valued at $4,045,000 after purchasing an additional 9,225 shares in the last quarter. Institutional investors and hedge funds own 96.88% of the company’s stock.

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.