Keefe, Bruyette & Woods Has Lowered Expectations for Texas Capital Bancshares (NASDAQ:TCBI) Stock Price

Texas Capital Bancshares (NASDAQ:TCBI - Free Report) had its target price cut by Keefe, Bruyette & Woods from $92.00 to $86.00 in a research report released on Monday morning,Benzinga reports. They currently have an outperform rating on the bank's stock.

A number of other analysts also recently weighed in on the stock. StockNews.com raised shares of Texas Capital Bancshares from a "sell" rating to a "hold" rating in a research report on Friday, January 31st. Raymond James decreased their target price on shares of Texas Capital Bancshares from $87.00 to $80.00 and set an "outperform" rating for the company in a research note on Monday. Barclays lowered their target price on shares of Texas Capital Bancshares from $73.00 to $70.00 and set an "underweight" rating for the company in a report on Tuesday, April 8th. DA Davidson cut their price target on Texas Capital Bancshares from $90.00 to $87.00 and set a "neutral" rating on the stock in a research note on Friday, January 24th. Finally, JPMorgan Chase & Co. lowered their price objective on Texas Capital Bancshares from $81.00 to $80.00 and set an "underweight" rating for the company in a research note on Friday, January 24th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $76.64.

Texas Capital Bancshares Trading Up 0.5 %

Shares of Texas Capital Bancshares stock traded up $0.35 during trading on Monday, reaching $67.54. 20,633 shares of the stock were exchanged, compared to its average volume of 443,915. Texas Capital Bancshares has a 1 year low of $56.24 and a 1 year high of $91.80. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.22. The stock's fifty day moving average is $72.29 and its 200 day moving average is $77.90. The firm has a market cap of $3.12 billion, a price-to-earnings ratio of 52.60, a price-to-earnings-growth ratio of 0.75 and a beta of 0.74.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last posted its earnings results on Thursday, April 17th. The bank reported $0.92 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.07). The company had revenue of $280.48 million during the quarter, compared to analysts' expectations of $284.40 million. Texas Capital Bancshares had a return on equity of 9.14% and a net margin of 3.99%. As a group, equities research analysts expect that Texas Capital Bancshares will post 5.84 earnings per share for the current fiscal year.

Insider Transactions at Texas Capital Bancshares

In related news, Director Robert W. Stallings bought 2,006 shares of the company's stock in a transaction that occurred on Monday, January 27th. The shares were bought at an average price of $20.99 per share, for a total transaction of $42,105.94. Following the completion of the acquisition, the director now owns 182,899 shares of the company's stock, valued at $3,839,050.01. This trade represents a 1.11 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders purchased 33,902 shares of company stock worth $943,002 over the last three months. 1.72% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. US Bancorp DE lifted its stake in shares of Texas Capital Bancshares by 1,575.0% in the 4th quarter. US Bancorp DE now owns 10,519 shares of the bank's stock worth $823,000 after purchasing an additional 9,891 shares during the period. Victory Capital Management Inc. raised its position in Texas Capital Bancshares by 37.5% in the fourth quarter. Victory Capital Management Inc. now owns 96,397 shares of the bank's stock worth $7,538,000 after acquiring an additional 26,294 shares during the period. Barclays PLC boosted its stake in shares of Texas Capital Bancshares by 19.6% during the 3rd quarter. Barclays PLC now owns 108,950 shares of the bank's stock worth $7,786,000 after acquiring an additional 17,863 shares during the last quarter. Martingale Asset Management L P bought a new stake in shares of Texas Capital Bancshares during the 4th quarter valued at $1,329,000. Finally, Proficio Capital Partners LLC purchased a new stake in shares of Texas Capital Bancshares in the 4th quarter worth $1,688,000. Institutional investors 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.