Texas Capital Bancshares (NASDAQ:TCBI) Stock Rating Upgraded by StockNews.com

Texas Capital Bancshares (NASDAQ:TCBI) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Friday.

TCBI has been the topic of several other research reports. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $95.00 price objective (down previously from $100.00) on shares of Texas Capital Bancshares in a research note on Wednesday. Hovde Group upped their price target on 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. Piper Sandler downgraded 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 research note on Friday, October 18th. Barclays boosted their price objective on Texas Capital Bancshares from $60.00 to $71.00 and gave the company an “underweight” rating in a research note on Thursday, December 5th. Finally, Truist Financial increased their target price on shares of Texas Capital Bancshares from $80.00 to $86.00 and gave the stock a “hold” rating in a research report on Monday, October 21st. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Texas Capital Bancshares has an average rating of “Hold” and a consensus target price of $79.13.

Texas Capital Bancshares Stock Performance

Shares of Texas Capital Bancshares stock opened at $79.30 on Friday. The business’s fifty day simple moving average is $81.22 and its 200 day simple moving average is $74.79. 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 has a 12 month low of $54.68 and a 12 month high of $91.80. The firm has a market capitalization of $3.66 billion, a P/E ratio of 440.56, a price-to-earnings-growth ratio of 0.73 and a beta of 1.17.

Texas Capital Bancshares (NASDAQ:TCBI) last issued its quarterly 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%. As a group, analysts anticipate that Texas Capital Bancshares will post 4.08 EPS for the current year.

Insider Activity

In related news, Director Robert W. Stallings acquired 2,006 shares of the stock in a transaction dated Monday, January 27th. The shares were purchased at an average price of $20.99 per share, for a total transaction of $42,105.94. Following the transaction, the director now owns 182,899 shares in the company, valued at $3,839,050.01. This represents a 1.11 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. In the last 90 days, insiders acquired 8,402 shares of company stock worth $213,837. 0.99% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Texas Capital Bancshares

Institutional investors have recently modified their holdings of the company. Blue Trust Inc. lifted its position in Texas Capital Bancshares by 89.9% in the 3rd quarter. Blue Trust Inc. now owns 357 shares of the bank’s stock worth $26,000 after buying an additional 169 shares during the last quarter. Icon Wealth Advisors LLC bought a new stake in shares of Texas Capital Bancshares in the 3rd quarter worth approximately $31,000. R Squared Ltd purchased a new stake in shares of Texas Capital Bancshares in the 4th quarter valued at $41,000. Meeder Asset Management Inc. bought a new position in shares of Texas Capital Bancshares during the 3rd quarter valued at $71,000. Finally, CWM LLC raised its position in Texas Capital Bancshares by 69.8% in the 3rd quarter. CWM LLC now owns 1,611 shares of the bank’s stock worth $115,000 after purchasing an additional 662 shares during the period. 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.