Keefe, Bruyette & Woods Trims Texas Capital Bancshares (NASDAQ:TCBI) Target Price to $74.00

Texas Capital Bancshares (NASDAQ:TCBI) had its target price reduced by analysts at Keefe, Bruyette & Woods from $76.00 to $74.00 in a research note issued on Monday, Benzinga reports. The firm currently has an “outperform” rating on the bank’s stock. Keefe, Bruyette & Woods’ price target would suggest a potential upside of 23.01% from the company’s previous close.

TCBI has been the topic of several other research reports. Royal Bank of Canada dropped their price target on Texas Capital Bancshares from $68.00 to $66.00 and set a “sector perform” rating on the stock in a research note on Tuesday, April 9th. Stephens lowered their target price on Texas Capital Bancshares from $78.00 to $73.00 and set an “overweight” rating on the stock in a research note on Friday, April 19th. Barclays assumed coverage on Texas Capital Bancshares in a research note on Friday, March 8th. They issued an “underweight” rating and a $47.00 target price on the stock. Raymond James cut Texas Capital Bancshares from a “strong-buy” rating to a “market perform” rating in a report on Thursday, April 4th. Finally, Truist Financial cut Texas Capital Bancshares from a “buy” rating to a “hold” rating and reduced their price target for the stock from $72.00 to $66.00 in a report on Monday, April 1st. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $63.58.

Texas Capital Bancshares Stock Up 1.6 %

Texas Capital Bancshares stock opened at $60.16 on Monday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.00 and a current ratio of 1.00. The business’s 50-day simple moving average is $58.96 and its two-hundred day simple moving average is $59.04. The company has a market cap of $2.81 billion, a PE ratio of 18.23, a PEG ratio of 2.08 and a beta of 1.19. Texas Capital Bancshares has a fifty-two week low of $42.79 and a fifty-two week high of $66.18.

Insider Buying and Selling at Texas Capital Bancshares

In related news, Director Robert W. Stallings purchased 6,000 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The stock was purchased at an average price of $18.64 per share, with a total value of $111,840.00. Following the completion of the acquisition, the director now owns 146,706 shares in the company, valued at $2,734,599.84. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director Robert W. Stallings purchased 6,000 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The stock was purchased at an average price of $18.64 per share, with a total value of $111,840.00. Following the completion of the acquisition, the director now owns 146,706 shares in the company, valued at $2,734,599.84. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Thomas E. Long purchased 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The stock was bought at an average cost of $58.78 per share, with a total value of $117,560.00. Following the acquisition, the director now owns 7,542 shares of the company’s stock, valued at approximately $443,318.76. The disclosure for this purchase can be found here. Insiders bought 23,000 shares of company stock valued at $518,100 over the last quarter. 1.53% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in TCBI. CWM LLC boosted its position in shares of Texas Capital Bancshares by 426.6% during the first quarter. CWM LLC now owns 674 shares of the bank’s stock worth $41,000 after buying an additional 546 shares during the period. Atwood & Palmer Inc. purchased a new position in shares of Texas Capital Bancshares during the third quarter worth $47,000. Mather Group LLC. purchased a new position in shares of Texas Capital Bancshares during the first quarter worth $50,000. Headlands Technologies LLC boosted its position in shares of Texas Capital Bancshares by 41.9% during the fourth quarter. Headlands Technologies LLC now owns 1,613 shares of the bank’s stock worth $104,000 after buying an additional 476 shares during the period. Finally, Strs Ohio boosted its position in shares of Texas Capital Bancshares by 133.3% during the third quarter. Strs Ohio now owns 2,100 shares of the bank’s stock worth $123,000 after buying an additional 1,200 shares during the period. 96.88% of the stock is currently owned by hedge funds and other institutional investors.

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.