Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Receives $79.13 Consensus Target Price from Analysts

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) has been assigned a consensus recommendation of “Hold” from the fifteen brokerages that are presently covering the firm, MarketBeat reports. Three investment 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 12 month price objective among analysts that have issued ratings on the stock in the last year is $79.13.

TCBI has been the topic of a number of analyst reports. StockNews.com raised shares of Texas Capital Bancshares from a “sell” rating to a “hold” rating in a report on Friday, January 31st. DA Davidson decreased their price objective on Texas Capital Bancshares from $90.00 to $87.00 and set a “neutral” rating on the stock in a research note on Friday, January 24th. JPMorgan Chase & Co. cut their target price on Texas Capital Bancshares from $81.00 to $80.00 and set an “underweight” rating for the company in a research note on Friday, January 24th. Stephens decreased their price target on Texas Capital Bancshares from $102.00 to $97.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 28th. Finally, Barclays raised their price objective on shares of Texas Capital Bancshares from $60.00 to $71.00 and gave the company an “underweight” rating in a research report on Thursday, December 5th.

Texas Capital Bancshares Stock Down 1.6 %

TCBI opened at $81.02 on Friday. Texas Capital Bancshares has a twelve month low of $54.68 and a twelve month high of $91.80. The company’s 50-day moving average price is $79.67 and its two-hundred day moving average price is $75.94. The stock has a market cap of $3.74 billion, a price-to-earnings ratio of 63.30, a PEG ratio of 0.78 and a beta of 1.16. The company has a quick ratio of 1.01, a current ratio of 1.00 and a debt-to-equity ratio of 0.22.

Texas Capital Bancshares (NASDAQ:TCBI) last issued its quarterly earnings results on Thursday, January 23rd. The bank reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.36. Texas Capital Bancshares had a return on equity of 9.14% and a net margin of 3.99%. As a group, equities analysts expect that Texas Capital Bancshares will post 5.8 earnings per share for the current year.

Insider Activity

In other Texas Capital Bancshares news, Director Robert W. Stallings purchased 2,006 shares of the stock in a transaction on Monday, January 27th. The stock was acquired at an average cost of $20.99 per share, with a total value of $42,105.94. Following the completion of the purchase, the director now directly owns 182,899 shares of the company’s stock, valued at approximately $3,839,050.01. This trade represents a 1.11 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last 90 days, insiders acquired 22,402 shares of company stock valued at $510,777. Corporate insiders own 0.99% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of TCBI. Norges Bank purchased a new position in shares of Texas Capital Bancshares in the fourth quarter worth $42,050,000. Wellington Management Group LLP grew its position in shares of Texas Capital Bancshares by 15.4% in the 3rd quarter. Wellington Management Group LLP now owns 1,123,221 shares of the bank’s stock worth $80,265,000 after buying an additional 150,301 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Texas Capital Bancshares by 22.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 744,833 shares of the bank’s stock valued at $58,246,000 after acquiring an additional 138,734 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Texas Capital Bancshares by 75.5% in the fourth quarter. JPMorgan Chase & Co. now owns 317,292 shares of the bank’s stock worth $24,812,000 after acquiring an additional 136,507 shares during the period. Finally, Jupiter Asset Management Ltd. bought a new stake in Texas Capital Bancshares in the fourth quarter valued at $8,080,000. Hedge funds and other 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.