Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Receives $76.64 Average PT from Analysts

Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Get Free Report) has received an average rating of "Hold" from the fourteen brokerages that are covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $76.64.

A number of brokerages recently weighed in on TCBI. StockNews.com upgraded shares of Texas Capital Bancshares from a "sell" rating to a "hold" rating in a report on Friday, January 31st. Hovde Group decreased their price target on Texas Capital Bancshares from $84.00 to $75.00 and set a "market perform" rating for the company in a research note on Monday, April 21st. Stephens dropped their price objective on Texas Capital Bancshares from $95.00 to $90.00 and set an "overweight" rating on the stock in a research report on Monday, April 21st. Barclays decreased their target price on Texas Capital Bancshares from $73.00 to $70.00 and set an "underweight" rating for the company in a research report on Tuesday, April 8th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Texas Capital Bancshares from $78.00 to $70.00 and set an "underweight" rating on the stock in a research note on Monday, April 21st.

Texas Capital Bancshares Stock Up 1.0 %

Shares of Texas Capital Bancshares stock traded up $0.65 during midday trading on Friday, hitting $68.54. The company had a trading volume of 457,187 shares, compared to its average volume of 446,781. The company has a 50 day moving average of $71.75 and a 200 day moving average of $77.89. The stock has a market capitalization of $3.15 billion, a P/E ratio of 53.55, a P/E/G ratio of 0.75 and a beta of 0.74. Texas Capital Bancshares has a 52-week low of $56.24 and a 52-week high of $91.80. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.00 and a current ratio of 1.00.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last announced its quarterly 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 firm had revenue of $280.48 million during the quarter, compared to the consensus estimate of $284.40 million. Texas Capital Bancshares had a return on equity of 9.14% and a net margin of 3.99%. On average, equities analysts predict that Texas Capital Bancshares will post 5.84 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Robert W. Stallings bought 500 shares of the stock in a transaction that occurred on Wednesday, April 23rd. The shares were bought at an average cost of $68.20 per share, for a total transaction of $34,100.00. Following the completion of the transaction, the director now owns 289,961 shares of the company's stock, valued at approximately $19,775,340.20. This trade represents a 0.17 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders acquired a total of 26,726 shares of company stock valued at $778,504 in the last 90 days. Company insiders own 1.72% of the company's stock.

Institutional Inflows and Outflows

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

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.