Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Receives $79.13 Consensus Target Price 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 currently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $79.47.

Several research firms have recently weighed in on TCBI. Stephens lowered their target price on shares of Texas Capital Bancshares from $102.00 to $97.00 and set an "overweight" rating on the stock in a report on Tuesday, January 28th. Barclays upped their target price on shares of Texas Capital Bancshares from $60.00 to $71.00 and gave the stock an "underweight" rating in a report on Thursday, December 5th. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and issued a $95.00 target price (down previously from $100.00) on shares of Texas Capital Bancshares in a report on Wednesday, January 29th. StockNews.com raised shares of Texas Capital Bancshares from a "sell" rating to a "hold" rating in a report on Friday, January 31st. Finally, Hovde Group lowered their target price on shares of Texas Capital Bancshares from $90.00 to $84.00 and set a "market perform" rating on the stock in a report on Friday.

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Texas Capital Bancshares Price Performance

Shares of TCBI stock traded up $0.29 during mid-day trading on Thursday, reaching $74.01. The company's stock had a trading volume of 773,815 shares, compared to its average volume of 407,786. Texas Capital Bancshares has a 1-year low of $54.68 and a 1-year high of $91.80. The company has a market cap of $3.41 billion, a P/E ratio of 57.82, a PEG ratio of 0.75 and a beta of 1.13. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.00 and a current ratio of 1.00. The firm's 50-day moving average is $78.84 and its two-hundred day moving average is $77.81.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last announced its quarterly earnings data on Thursday, January 23rd. The bank reported $1.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.07 by $0.36. Texas Capital Bancshares had a net margin of 3.99% and a return on equity of 9.14%. On average, research analysts predict that Texas Capital Bancshares will post 5.84 earnings per share for the current year.

Insider Activity

In other Texas Capital Bancshares news, Director Robert W. Stallings bought 7,000 shares of Texas Capital Bancshares stock in a transaction dated Tuesday, March 4th. The shares were bought at an average price of $20.43 per share, with a total value of $143,010.00. Following the purchase, the director now owns 49,500 shares of the company's stock, valued at $1,011,285. This trade represents a 16.47 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. In the last quarter, insiders have acquired 29,402 shares of company stock valued at $653,787. 0.99% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Amalgamated Bank boosted its stake in shares of Texas Capital Bancshares by 0.8% in the 4th quarter. Amalgamated Bank now owns 20,791 shares of the bank's stock valued at $1,626,000 after purchasing an additional 166 shares during the last quarter. State of Alaska Department of Revenue raised its position in shares of Texas Capital Bancshares by 3.5% in the 3rd quarter. State of Alaska Department of Revenue now owns 5,366 shares of the bank's stock valued at $383,000 after acquiring an additional 180 shares during the period. Coldstream Capital Management Inc. raised its position in shares of Texas Capital Bancshares by 5.3% in the 3rd quarter. Coldstream Capital Management Inc. now owns 4,309 shares of the bank's stock valued at $309,000 after acquiring an additional 217 shares during the period. Xponance Inc. raised its position in shares of Texas Capital Bancshares by 4.8% in the 4th quarter. Xponance Inc. now owns 6,569 shares of the bank's stock valued at $514,000 after acquiring an additional 300 shares during the period. Finally, Savant Capital LLC raised its position in shares of Texas Capital Bancshares by 5.7% in the 4th quarter. Savant Capital LLC now owns 5,604 shares of the bank's stock valued at $438,000 after acquiring an additional 303 shares during the period. 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.