Texas Capital Bancshares (NASDAQ:TCBI) Price Target Lowered to $74.00 at Piper Sandler

Texas Capital Bancshares (NASDAQ:TCBI - Free Report) had its target price reduced by Piper Sandler from $84.00 to $74.00 in a report released on Monday morning, MarketBeat Ratings reports. Piper Sandler currently has a neutral rating on the bank's stock.

A number of other research analysts have also recently commented on the company. JPMorgan Chase & Co. dropped their price target on Texas Capital Bancshares from $81.00 to $80.00 and set an "underweight" rating on the stock in a research report on Friday, January 24th. Stephens reduced their target price on shares of Texas Capital Bancshares from $102.00 to $97.00 and set an "overweight" rating for the company in a research note on Tuesday, January 28th. Barclays cut their price objective 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. Hovde Group lowered their target price on shares of Texas Capital Bancshares from $84.00 to $75.00 and set a "market perform" rating on the stock in a report on Monday, April 21st. Finally, DA Davidson dropped their price objective on Texas Capital Bancshares from $90.00 to $87.00 and set a "neutral" rating on the stock in a report on Friday, January 24th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $76.64.

Texas Capital Bancshares Stock Down 0.5 %

TCBI stock traded down $0.32 during mid-day trading on Monday, reaching $67.89. 447,388 shares of the company traded hands, compared to its average volume of 446,271. The stock has a market cap of $3.12 billion, a price-to-earnings ratio of 53.04, a P/E/G ratio of 0.75 and a beta of 0.74. 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 fifty-two week low of $56.24 and a fifty-two week high of $91.80. The firm's 50 day moving average price is $71.75 and its 200 day moving average price is $77.84.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last announced its earnings results on Thursday, April 17th. The bank reported $0.92 earnings per share 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 during the quarter, compared to analysts' expectations of $284.40 million. As a group, equities research analysts predict that Texas Capital Bancshares will post 5.84 EPS for the current fiscal year.

Insider Activity

In other Texas Capital Bancshares news, Director Robert W. Stallings purchased 2,006 shares of the stock in a transaction that occurred on Monday, January 27th. The stock was bought at an average cost of $20.99 per share, with a total value of $42,105.94. Following the transaction, the director now directly owns 182,899 shares in the company, valued at approximately $3,839,050.01. The trade was a 1.11 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In the last 90 days, insiders have acquired 28,732 shares of company stock worth $820,610. Corporate insiders own 1.72% of the company's stock.

Institutional Trading of Texas Capital Bancshares

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of 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 last quarter. T. Rowe Price Investment Management Inc. increased its stake in shares of Texas Capital Bancshares by 0.9% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,305,685 shares of the bank's stock worth $258,505,000 after purchasing an additional 28,282 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Texas Capital Bancshares by 22.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 744,833 shares of the bank's stock valued at $58,246,000 after acquiring an additional 138,734 shares in the last quarter. Northern Trust Corp grew its holdings in Texas Capital Bancshares by 12.0% during the 4th quarter. Northern Trust Corp now owns 660,478 shares of the bank's stock valued at $51,649,000 after buying an additional 70,804 shares in the last quarter. Finally, William Blair Investment Management LLC increased its holdings in Texas Capital Bancshares by 2.5% in the 4th quarter. William Blair Investment Management LLC now owns 627,890 shares of the bank's stock valued at $49,101,000 after acquiring an additional 15,320 shares during the last quarter. 96.88% of the stock is owned by hedge funds and other 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.