Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Given Average Recommendation of “Hold” by Analysts

Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) have been given a consensus rating of “Hold” by the fourteen research firms that are covering the firm, MarketBeat reports. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $78.00.

A number of brokerages have commented on TCBI. Stephens decreased their price objective on Texas Capital Bancshares from $95.00 to $90.00 and set an “overweight” rating for the company in a research report on Monday, April 21st. Keefe, Bruyette & Woods reduced their price target on Texas Capital Bancshares from $92.00 to $86.00 and set an “outperform” rating for the company in a report on Monday, April 21st. Piper Sandler reduced their price target on Texas Capital Bancshares from $84.00 to $74.00 and set a “neutral” rating for the company in a report on Monday, April 21st. Jefferies Financial Group set a $80.00 price target on Texas Capital Bancshares and gave the company a “hold” rating in a report on Wednesday, May 21st. Finally, Hovde Group reduced their price target on Texas Capital Bancshares from $84.00 to $75.00 and set a “market perform” rating for the company in a report on Monday, April 21st.

Texas Capital Bancshares Trading Down 1.7%

NASDAQ:TCBI opened at $75.36 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.22. Texas Capital Bancshares has a 1-year low of $56.24 and a 1-year high of $91.80. The firm has a market capitalization of $3.46 billion, a price-to-earnings ratio of 58.88, a price-to-earnings-growth ratio of 0.75 and a beta of 0.65. The stock has a fifty day simple moving average of $70.66 and a 200 day simple moving average of $75.85.

Texas Capital Bancshares (NASDAQ:TCBI) last announced its quarterly earnings data on Thursday, April 17th. The bank reported $0.92 EPS for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.07). Texas Capital Bancshares had a return on equity of 9.14% and a net margin of 3.99%. The business had revenue of $280.48 million for the quarter, compared to analyst estimates of $284.40 million. Sell-side analysts forecast that Texas Capital Bancshares will post 5.84 earnings per share for the current year.

Insider Activity at Texas Capital Bancshares

In other Texas Capital Bancshares news, Director Robert W. Stallings purchased 500 shares of the company’s stock in a transaction on Wednesday, April 23rd. The shares were bought at an average cost of $68.20 per share, with a total value of $34,100.00. Following the transaction, the director now directly owns 289,961 shares in the company, valued at approximately $19,775,340.20. This represents a 0.17% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In the last ninety days, insiders have purchased 19,300 shares of company stock valued at $846,265. Corporate insiders own 1.72% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in Texas Capital Bancshares by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 4,697,274 shares of the bank’s stock worth $367,327,000 after buying an additional 20,245 shares during the period. T. Rowe Price Investment Management Inc. increased its position in Texas Capital Bancshares by 0.8% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 3,332,471 shares of the bank’s stock worth $248,936,000 after buying an additional 26,786 shares during the period. AQR Capital Management LLC increased its position in Texas Capital Bancshares by 84.8% in the 1st quarter. AQR Capital Management LLC now owns 1,432,771 shares of the bank’s stock worth $105,395,000 after buying an additional 657,630 shares during the period. Massachusetts Financial Services Co. MA increased its position in Texas Capital Bancshares by 9.2% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 813,028 shares of the bank’s stock worth $60,733,000 after buying an additional 68,195 shares during the period. Finally, Northern Trust Corp increased its position in shares of Texas Capital Bancshares by 12.0% during the fourth quarter. Northern Trust Corp now owns 660,478 shares of the bank’s stock valued at $51,649,000 after purchasing an additional 70,804 shares during the period. 96.88% of the stock is owned by institutional investors.

Texas Capital Bancshares Company Profile

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.