Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Receives Average Rating of "Hold" from Analysts

Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Get Free Report) has been given a consensus recommendation of "Hold" by the fifteen analysts that are presently covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $69.20.

Several research analysts recently weighed in on the stock. Raymond James upgraded shares of Texas Capital Bancshares from a "market perform" rating to an "outperform" rating and set a $78.00 price objective for the company in a research report on Tuesday, September 17th. Bank of America upgraded shares of Texas Capital Bancshares from an "underperform" rating to a "buy" rating and boosted their price objective for the stock from $51.00 to $77.00 in a research report on Monday, September 9th. DA Davidson upped their target price on shares of Texas Capital Bancshares from $65.00 to $74.00 and gave the company a "neutral" rating in a research report on Monday, September 9th. Wedbush upped their target price on shares of Texas Capital Bancshares from $70.00 to $77.00 and gave the company a "neutral" rating in a research report on Tuesday, September 24th. Finally, JPMorgan Chase & Co. upped their target price on shares of Texas Capital Bancshares from $70.00 to $73.00 and gave the company an "underweight" rating in a research report on Monday, September 9th.

Insider Activity

In related news, Director Robert W. Stallings bought 4,000 shares of Texas Capital Bancshares stock in a transaction that occurred on Thursday, July 25th. The stock was purchased at an average cost of $20.62 per share, with a total value of $82,480.00. Following the purchase, the director now owns 12,794 shares in the company, valued at approximately $263,812.28. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Robert W. Stallings bought 14,000 shares of Texas Capital Bancshares stock in a transaction that occurred on Wednesday, July 31st. The stock was purchased at an average cost of $19.93 per share, with a total value of $279,020.00. Following the purchase, the director now owns 55,294 shares in the company, valued at approximately $1,102,009.42. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert W. Stallings bought 4,000 shares of Texas Capital Bancshares stock in a transaction that occurred on Thursday, July 25th. The stock was bought at an average cost of $20.62 per share, with a total value of $82,480.00. Following the completion of the purchase, the director now owns 12,794 shares in the company, valued at approximately $263,812.28. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders bought 43,500 shares of company stock valued at $876,400 in the last quarter. Company insiders own 0.99% of the company's stock.

Hedge Funds Weigh In On Texas Capital Bancshares

Large investors have recently modified their holdings of the business. First Hawaiian Bank acquired a new position in shares of Texas Capital Bancshares during the 2nd quarter worth about $675,000. Goldman Sachs Group Inc. boosted its stake in shares of Texas Capital Bancshares by 42.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 544,408 shares of the bank's stock worth $35,185,000 after buying an additional 161,643 shares during the last quarter. Hodges Capital Management Inc. boosted its stake in shares of Texas Capital Bancshares by 24.2% during the 1st quarter. Hodges Capital Management Inc. now owns 146,850 shares of the bank's stock worth $9,039,000 after buying an additional 28,650 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of Texas Capital Bancshares by 87.0% during the 2nd quarter. AQR Capital Management LLC now owns 1,087,715 shares of the bank's stock worth $65,219,000 after buying an additional 506,094 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in shares of Texas Capital Bancshares by 73.0% during the 1st quarter. BNP Paribas Financial Markets now owns 25,489 shares of the bank's stock worth $1,569,000 after buying an additional 10,752 shares during the last quarter. 96.88% of the stock is currently owned by institutional investors and hedge funds.

Texas Capital Bancshares Price Performance

Shares of TCBI traded up $0.21 on Monday, hitting $72.21. The company's stock had a trading volume of 250,091 shares, compared to its average volume of 418,870. The company has a market capitalization of $3.37 billion, a PE ratio of 21.82, a PEG ratio of 0.98 and a beta of 1.13. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.00 and a quick ratio of 0.99. Texas Capital Bancshares has a fifty-two week low of $52.89 and a fifty-two week high of $74.57. The company has a 50 day moving average price of $66.23 and a 200 day moving average price of $62.37.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last posted its quarterly earnings data on Thursday, July 18th. The bank reported $0.80 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.06). Texas Capital Bancshares had a return on equity of 6.05% and a net margin of 8.08%. The company had revenue of $472.49 million during the quarter, compared to the consensus estimate of $268.02 million. During the same quarter last year, the firm earned $1.33 EPS. On average, research analysts anticipate that Texas Capital Bancshares will post 3.53 earnings per share for the current fiscal year.

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.