Wedbush Boosts Texas Capital Bancshares (NASDAQ:TCBI) Price Target to $85.00

Texas Capital Bancshares (NASDAQ:TCBI) had its price objective hoisted by Wedbush from $77.00 to $85.00 in a report issued on Friday morning, Benzinga reports. They currently have a neutral rating on the bank’s stock. Wedbush also issued estimates for Texas Capital Bancshares’ Q4 2024 earnings at $0.98 EPS, Q3 2025 earnings at $1.50 EPS and Q4 2025 earnings at $1.58 EPS.

A number of other brokerages have also weighed in on TCBI. Raymond James raised shares of Texas Capital Bancshares from a “market perform” rating to an “outperform” rating and set a $78.00 price objective on the stock in a report on Tuesday, September 17th. Stephens boosted their price objective on shares of Texas Capital Bancshares from $73.00 to $75.00 and gave the company an “overweight” rating in a report on Friday, July 19th. 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 report on Monday, September 9th. DA Davidson boosted their price objective on shares of Texas Capital Bancshares from $65.00 to $74.00 and gave the company a “neutral” rating in a report on Monday, September 9th. Finally, Citigroup reissued a “sell” rating and set a $60.00 price objective on shares of Texas Capital Bancshares in a report on Monday, July 22nd. Four 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 stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $73.56.

Texas Capital Bancshares Price Performance

NASDAQ TCBI opened at $76.63 on Friday. The firm’s fifty day simple moving average is $69.13 and its two-hundred day simple moving average is $63.53. The company has a current ratio of 1.01, a quick ratio of 0.99 and a debt-to-equity ratio of 0.22. Texas Capital Bancshares has a 12-month low of $52.89 and a 12-month high of $82.25. The firm has a market capitalization of $3.54 billion, a P/E ratio of 425.72, a P/E/G ratio of 1.00 and a beta of 1.13.

Insiders Place Their Bets

In other news, Director Robert W. Stallings acquired 10,000 shares of the firm’s stock in a transaction on Monday, July 29th. The stock was acquired at an average price of $20.46 per share, for a total transaction of $204,600.00. Following the completion of the transaction, the director now owns 31,294 shares in the company, valued at approximately $640,275.24. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Robert W. Stallings acquired 15,000 shares of the firm’s stock in a transaction on Friday, August 2nd. The stock was acquired at an average price of $20.00 per share, for a total transaction of $300,000.00. Following the completion of the transaction, the director now owns 20,000 shares in the company, valued at approximately $400,000. The trade was a 300.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert W. Stallings acquired 10,000 shares of the firm’s stock in a transaction on Monday, July 29th. The stock was purchased at an average price of $20.46 per share, with a total value of $204,600.00. Following the transaction, the director now owns 31,294 shares of the company’s stock, valued at approximately $640,275.24. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 43,000 shares of company stock worth $866,100. Company insiders own 0.99% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Blue Trust Inc. raised its position in shares of Texas Capital Bancshares by 89.9% during the 3rd quarter. Blue Trust Inc. now owns 357 shares of the bank’s stock worth $26,000 after purchasing an additional 169 shares during the last quarter. AlphaMark Advisors LLC raised its position in shares of Texas Capital Bancshares by 2.6% during the 3rd quarter. AlphaMark Advisors LLC now owns 5,396 shares of the bank’s stock worth $386,000 after purchasing an additional 139 shares during the last quarter. Creative Planning purchased a new stake in Texas Capital Bancshares during the 3rd quarter valued at about $440,000. CWM LLC grew its stake in Texas Capital Bancshares by 69.8% during the 3rd quarter. CWM LLC now owns 1,611 shares of the bank’s stock valued at $115,000 after acquiring an additional 662 shares in the last quarter. Finally, Handelsbanken Fonder AB grew its stake in Texas Capital Bancshares by 47.5% during the 3rd quarter. Handelsbanken Fonder AB now owns 12,723 shares of the bank’s stock valued at $909,000 after acquiring an additional 4,100 shares in the last quarter. Institutional investors and hedge funds 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.