Texas Capital Bancshares (NASDAQ:TCBI) Given New $55.00 Price Target at JPMorgan Chase & Co.

Texas Capital Bancshares (NASDAQ:TCBIGet Rating) had its price target hoisted by JPMorgan Chase & Co. from $50.00 to $55.00 in a research report report published on Monday, Benzinga reports. They currently have an underweight rating on the bank’s stock.

Other analysts have also recently issued research reports about the stock. Truist Financial increased their price target on shares of Texas Capital Bancshares from $68.00 to $80.00 and gave the stock a buy rating in a research note on Friday. TheStreet upgraded shares of Texas Capital Bancshares from a c+ rating to a b rating in a report on Wednesday, January 18th. StockNews.com raised shares of Texas Capital Bancshares from a sell rating to a hold rating in a research note on Friday. DA Davidson reissued a neutral rating on shares of Texas Capital Bancshares in a research report on Wednesday, December 21st. Finally, Royal Bank of Canada cut their price target on shares of Texas Capital Bancshares from $65.00 to $62.00 and set a sector perform rating on the stock in a report on Friday, October 21st. Two research analysts have rated the stock with a sell rating, four have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of Hold and an average price target of $62.89.

Texas Capital Bancshares Price Performance

Texas Capital Bancshares stock opened at $64.09 on Monday. Texas Capital Bancshares has a 1 year low of $48.79 and a 1 year high of $71.60. The company’s 50 day simple moving average is $58.98 and its 200-day simple moving average is $59.55. The company has a market capitalization of $3.20 billion, a price-to-earnings ratio of 10.25, a price-to-earnings-growth ratio of 1.87 and a beta of 1.31. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.03 and a current ratio of 1.03.

Insider Buying and Selling at Texas Capital Bancshares

In other Texas Capital Bancshares news, Director Robert W. Stallings purchased 4,400 shares of the company’s stock in a transaction dated Monday, November 28th. The shares were bought at an average price of $20.86 per share, with a total value of $91,784.00. Following the completion of the transaction, the director now directly owns 13,400 shares in the company, valued at approximately $279,524. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last quarter, insiders have purchased 5,526 shares of company stock valued at $114,791. 0.56% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of TCBI. Wipfli Financial Advisors LLC bought a new position in shares of Texas Capital Bancshares during the 3rd quarter worth approximately $35,000. Eagle Bay Advisors LLC raised its holdings in Texas Capital Bancshares by 65.9% in the 2nd quarter. Eagle Bay Advisors LLC now owns 720 shares of the bank’s stock valued at $38,000 after acquiring an additional 286 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in Texas Capital Bancshares by 60.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,044 shares of the bank’s stock valued at $120,000 after acquiring an additional 767 shares in the last quarter. Pictet Asset Management SA acquired a new position in Texas Capital Bancshares in the 3rd quarter valued at $201,000. Finally, Cim Investment Management Inc. acquired a new position in shares of Texas Capital Bancshares during the 3rd quarter worth $209,000. 96.91% of the stock is currently owned by institutional investors.

About Texas Capital Bancshares

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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, and wealth management services.

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Analyst Recommendations for Texas Capital Bancshares (NASDAQ:TCBI)

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