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

Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) have been given a consensus recommendation of “Hold” by the sixteen brokerages that are currently covering the firm, Marketbeat reports. Four analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $74.69.

Several analysts have recently issued reports on the stock. Bank of America raised shares of Texas Capital Bancshares from an “underperform” rating to a “buy” rating and boosted their price objective for the company from $51.00 to $77.00 in a research note on Monday, September 9th. JPMorgan Chase & Co. upped their price target on Texas Capital Bancshares from $72.00 to $80.00 and gave the stock an “underweight” rating in a research note on Friday, October 18th. Truist Financial lifted their price objective on Texas Capital Bancshares from $80.00 to $86.00 and gave the company a “hold” rating in a research note on Monday, October 21st. DA Davidson increased their target price on shares of Texas Capital Bancshares from $73.00 to $81.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Finally, Hovde Group lifted 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.

Texas Capital Bancshares Stock Performance

Shares of NASDAQ TCBI opened at $77.61 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 company has a market cap of $3.59 billion, a PE ratio of 431.17, a price-to-earnings-growth ratio of 0.80 and a beta of 1.14. The company has a 50-day simple moving average of $83.06 and a 200-day simple moving average of $71.75. Texas Capital Bancshares has a 12 month low of $54.68 and a 12 month high of $91.80.

Texas Capital Bancshares (NASDAQ:TCBI) last posted its quarterly earnings results on Thursday, October 17th. The bank reported $1.62 EPS for the quarter, beating the consensus estimate of $0.97 by $0.65. Texas Capital Bancshares had a return on equity of 8.06% and a net margin of 1.40%. The company had revenue of $304.91 million during the quarter, compared to analysts’ expectations of $279.64 million. On average, equities analysts anticipate that Texas Capital Bancshares will post 4.15 earnings per share for the current year.

Insider Activity at Texas Capital Bancshares

In other news, Director Robert W. Stallings purchased 20,000 shares of the firm’s stock in a transaction on Tuesday, October 22nd. The stock was purchased at an average cost of $21.28 per share, with a total value of $425,600.00. Following the purchase, the director now owns 84,587 shares in the company, valued at $1,800,011.36. This trade represents a 30.97 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.53% of the stock is currently owned by insiders.

Institutional Trading of Texas Capital Bancshares

Hedge funds and other institutional investors have recently modified their holdings of the company. Algert Global LLC grew its holdings 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 acquiring an additional 17,540 shares during the period. AQR Capital Management LLC raised its holdings in shares of Texas Capital Bancshares by 87.0% in the 2nd quarter. AQR Capital Management LLC now owns 1,087,715 shares of the bank’s stock worth $65,219,000 after purchasing an additional 506,094 shares in the last quarter. Jane Street Group LLC lifted its stake in Texas Capital Bancshares by 107.2% during the third quarter. Jane Street Group LLC now owns 132,672 shares of the bank’s stock valued at $9,481,000 after purchasing an additional 68,632 shares during the last quarter. TD Asset Management Inc boosted its holdings in Texas Capital Bancshares by 26.6% during the second quarter. TD Asset Management Inc now owns 34,278 shares of the bank’s stock worth $2,096,000 after buying an additional 7,200 shares in the last quarter. Finally, Hodges Capital Management Inc. grew its position in Texas Capital Bancshares by 22.0% in the second quarter. Hodges Capital Management Inc. now owns 179,098 shares of the bank’s stock worth $10,950,000 after buying an additional 32,248 shares during the last quarter. Institutional investors own 96.88% of the company’s stock.

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.