StockNews.com Downgrades Texas Capital Bancshares (NASDAQ:TCBI) to Sell

StockNews.com downgraded shares of Texas Capital Bancshares (NASDAQ:TCBI – Get Rating) from a hold rating to a sell rating in a research note issued to investors on Monday.

A number of other analysts have also recently commented on the stock. Truist Financial upped their target price on shares of Texas Capital Bancshares from $68.00 to $80.00 and gave the company a buy rating in a report on Friday, January 20th. JPMorgan Chase & Co. upped their price objective on Texas Capital Bancshares from $50.00 to $55.00 and gave the stock an underweight rating in a research note on Monday, January 23rd. DA Davidson reiterated a neutral rating on shares of Texas Capital Bancshares in a research report on Wednesday, December 21st. Finally, TheStreet upgraded Texas Capital Bancshares from a c+ rating to a b rating in a research report on Wednesday, January 18th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Texas Capital Bancshares presently has a consensus rating of Hold and a consensus price target of $62.89.

Texas Capital Bancshares Trading Down 15.9 %

Texas Capital Bancshares stock opened at $51.40 on Monday. The business has a 50-day simple moving average of $64.14 and a two-hundred day simple moving average of $61.11. Texas Capital Bancshares has a 52-week low of $45.81 and a 52-week high of $69.26. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.34. The company has a market cap of $2.48 billion, a P/E ratio of 8.22, a P/E/G ratio of 1.90 and a beta of 1.31.

Insider Buying and Selling at Texas Capital Bancshares

In other Texas Capital Bancshares news, Director Robert W. Stallings bought 3,000 shares of the business’s stock in a transaction that occurred on Thursday, February 16th. The stock was purchased at an average price of $21.94 per share, for a total transaction of $65,820.00. Following the completion of the transaction, the director now owns 30,000 shares of the company’s stock, valued at approximately $658,200. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Robert W. Stallings purchased 6,000 shares of the firm’s stock in a transaction on Tuesday, January 24th. The shares were acquired at an average price of $22.14 per share, for a total transaction of $132,840.00. Following the purchase, the director now directly owns 26,000 shares in the company, valued at $575,640. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Robert W. Stallings acquired 3,000 shares of the business’s stock in a transaction dated Thursday, February 16th. The shares were purchased at an average price of $21.94 per share, with a total value of $65,820.00. Following the transaction, the director now owns 30,000 shares of the company’s stock, valued at $658,200. The disclosure for this purchase can be found here. Insiders have acquired a total of 19,888 shares of company stock valued at $430,333 over the last ninety days. 0.56% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Texas Capital Bancshares

Institutional investors have recently added to or reduced their stakes in the company. Quadrant Capital Group LLC raised its holdings in shares of Texas Capital Bancshares by 1,083.3% during the 4th quarter. Quadrant Capital Group LLC now owns 426 shares of the bank’s stock worth $26,000 after acquiring an additional 390 shares in the last quarter. Wipfli Financial Advisors LLC bought a new stake in Texas Capital Bancshares in the third quarter worth $35,000. Eagle Bay Advisors LLC raised its stake in Texas Capital Bancshares by 65.9% during the second quarter. Eagle Bay Advisors LLC now owns 720 shares of the bank’s stock valued at $38,000 after purchasing an additional 286 shares in the last quarter. Rockefeller Capital Management L.P. lifted its position in Texas Capital Bancshares by 25.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,049 shares of the bank’s stock valued at $63,000 after purchasing an additional 210 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of 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 worth $120,000 after buying an additional 767 shares in the last quarter. Hedge funds and other institutional investors own 96.91% of the company’s stock.

About Texas Capital Bancshares

(Get Rating)

Texas Capital Bancshares, Inc is the holding company of Texas Capital Bank, which engages in the provision of financial services and customized solutions to businesses, entrepreneurs, and individual customers. The company was founded by George F. Jones, Jr. and Joseph M. Grant in November 1996 and is headquartered in Dallas, TX.