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

Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Get Free Report) has been assigned a consensus rating of "Hold" from the sixteen ratings firms that are currently covering the firm, MarketBeat reports. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $74.00.

TCBI has been the subject of a number of research reports. Barclays raised their price target on shares of Texas Capital Bancshares from $49.00 to $60.00 and gave the company an "underweight" rating in a report on Friday, October 18th. Truist Financial raised their price target on Texas Capital Bancshares from $80.00 to $86.00 and gave the company a "hold" rating in a report on Monday, October 21st. JPMorgan Chase & Co. boosted their price objective on Texas Capital Bancshares from $72.00 to $80.00 and gave the stock an "underweight" rating in a report on Friday, October 18th. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and issued a $74.00 target price on shares of Texas Capital Bancshares in a research note on Monday, September 9th. Finally, Hovde Group upped their target price on shares of Texas Capital Bancshares from $73.00 to $79.00 and gave the company a "market perform" rating in a research report on Friday, October 18th.

Insider Activity

In related news, Director Robert W. Stallings acquired 20,000 shares of the business's stock in a transaction on Tuesday, October 22nd. The stock was purchased at an average cost of $21.28 per share, for a total transaction of $425,600.00. Following the completion of the transaction, the director now directly owns 84,587 shares of the company's stock, valued at approximately $1,800,011.36. The trade was a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.99% of the company's stock.

Institutional Trading of Texas Capital Bancshares

A number of institutional investors and hedge funds have recently made changes to their positions in TCBI. Blue Trust Inc. lifted its stake in Texas Capital Bancshares by 89.9% in the 3rd quarter. Blue Trust Inc. now owns 357 shares of the bank's stock valued at $26,000 after purchasing an additional 169 shares during the last quarter. Innealta Capital LLC acquired a new stake in shares of Texas Capital Bancshares in the 2nd quarter valued at about $26,000. Fidelis Capital Partners LLC bought a new stake in shares of Texas Capital Bancshares during the first quarter valued at approximately $54,000. CWM LLC increased its position in shares of Texas Capital Bancshares by 40.8% during the second quarter. CWM LLC now owns 949 shares of the bank's stock worth $58,000 after acquiring an additional 275 shares in the last quarter. Finally, Headlands Technologies LLC raised its stake in shares of Texas Capital Bancshares by 80.4% in the first quarter. Headlands Technologies LLC now owns 2,910 shares of the bank's stock worth $179,000 after purchasing an additional 1,297 shares during the last quarter. Institutional investors own 96.88% of the company's stock.

Texas Capital Bancshares Price Performance

TCBI traded down $0.15 during midday trading on Friday, hitting $76.80. The company had a trading volume of 340,680 shares, compared to its average volume of 422,446. Texas Capital Bancshares has a twelve month low of $53.16 and a twelve month high of $82.25. The company has a market capitalization of $3.55 billion, a PE ratio of 427.50, a P/E/G ratio of 0.73 and a beta of 1.13. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.01 and a current ratio of 1.01. The firm's 50-day simple moving average is $72.03 and its 200-day simple moving average is $64.65.

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.