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

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

Several other analysts also recently issued reports on the company. JPMorgan Chase & Co. lowered their price target on Texas Capital Bancshares from $81.00 to $80.00 and set an "underweight" rating for the company in a report on Friday, January 24th. StockNews.com raised shares of Texas Capital Bancshares from a "sell" rating to a "hold" rating in a research report on Friday, January 31st. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and set a $95.00 price target (down from $100.00) on shares of Texas Capital Bancshares in a report on Wednesday, January 29th. Hovde Group cut their price objective 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. Finally, DA Davidson decreased their price objective on shares of Texas Capital Bancshares from $90.00 to $87.00 and set a "neutral" rating for the company in a research report on Friday, January 24th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, Texas Capital Bancshares presently has a consensus rating of "Hold" and a consensus target price of $76.64.

Texas Capital Bancshares Trading Down 0.5 %

Shares of TCBI stock traded down $0.32 on Monday, reaching $67.89. 447,388 shares of the stock were exchanged, compared to its average volume of 446,206. The firm has a 50 day moving average of $72.04 and a two-hundred day moving average of $77.88. 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 has a market cap of $3.12 billion, a P/E ratio of 53.04, 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 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.99 by ($0.07). The business had revenue of $280.48 million for the quarter, compared to analyst estimates of $284.40 million. Texas Capital Bancshares had a return on equity of 9.14% and a net margin of 3.99%. On average, research analysts anticipate that Texas Capital Bancshares will post 5.84 EPS for the current year.

Insiders Place Their Bets

In other Texas Capital Bancshares news, Director Robert W. Stallings bought 7,000 shares of the business's stock in a transaction on Tuesday, February 4th. The shares were purchased at an average price of $21.10 per share, with a total value of $147,700.00. Following the completion of the acquisition, the director now directly owns 202,413 shares of the company's stock, valued at approximately $4,270,914.30. The trade was a 3.58 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders acquired a total of 28,732 shares of company stock valued at $820,610 over the last 90 days. 1.72% of the stock is owned by company insiders.

Hedge Funds Weigh In On Texas Capital Bancshares

Several institutional investors have recently made changes to their positions in TCBI. Picton Mahoney Asset Management bought a new stake in shares of Texas Capital Bancshares in the 4th quarter worth approximately $30,000. Assetmark Inc. bought a new stake in Texas Capital Bancshares in the fourth quarter valued at $32,000. Venturi Wealth Management LLC bought a new stake in Texas Capital Bancshares in the fourth quarter valued at $37,000. R Squared Ltd acquired a new position in shares of Texas Capital Bancshares during the fourth quarter valued at $41,000. Finally, UMB Bank n.a. grew its position in shares of Texas Capital Bancshares by 1,089.8% during the first quarter. UMB Bank n.a. now owns 583 shares of the bank's stock worth $44,000 after acquiring an additional 534 shares during the last quarter. 96.88% of the stock is owned by institutional investors.

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.