Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Receives $79.13 Consensus Price Target from Analysts

Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Get Free Report) has received an average recommendation of "Hold" from the fifteen ratings firms that are currently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $79.13.

TCBI has been the topic of a number of research reports. Keefe, Bruyette & Woods restated an "outperform" rating and issued a $95.00 price objective (down previously from $100.00) on shares of Texas Capital Bancshares in a report on Wednesday, January 29th. JPMorgan Chase & Co. decreased their price target on shares of Texas Capital Bancshares from $81.00 to $80.00 and set an "underweight" rating on the stock in a research note on Friday, January 24th. Piper Sandler cut shares of Texas Capital Bancshares from an "overweight" rating to a "neutral" rating and upped their price objective for the company from $77.00 to $82.00 in a research note on Friday, October 18th. Hovde Group increased their price objective on shares of Texas Capital Bancshares from $73.00 to $79.00 and gave the company a "market perform" rating in a report on Friday, October 18th. Finally, Royal Bank of Canada boosted their target price on Texas Capital Bancshares from $73.00 to $83.00 and gave the stock a "sector perform" rating in a report on Friday, October 18th.

Texas Capital Bancshares Price Performance

Shares of TCBI traded down $1.84 during mid-day trading on Friday, hitting $82.01. 396,252 shares of the company were exchanged, compared to its average volume of 492,627. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.01 and a current ratio of 1.00. Texas Capital Bancshares has a 1-year low of $54.68 and a 1-year high of $91.80. The stock has a market cap of $3.79 billion, a price-to-earnings ratio of 64.07, a price-to-earnings-growth ratio of 0.78 and a beta of 1.16. The company has a 50 day moving average of $80.04 and a 200-day moving average of $75.69.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last released its earnings results on Thursday, January 23rd. The bank reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.36. Texas Capital Bancshares had a return on equity of 9.14% and a net margin of 3.99%. Analysts expect that Texas Capital Bancshares will post 5.8 EPS for the current fiscal year.

Insider Buying and Selling at Texas Capital Bancshares

In other news, Director Robert W. Stallings bought 5,670 shares of the business's stock in a transaction on Friday, January 24th. The shares were bought at an average price of $27.60 per share, with a total value of $156,492.00. Following the completion of the transaction, the director now directly owns 180,893 shares in the company, valued at $4,992,646.80. This trade represents a 3.24 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have purchased 22,402 shares of company stock valued at $510,777 over the last 90 days. 0.99% of the stock is owned by insiders.

Institutional Investors Weigh In On Texas Capital Bancshares

Institutional investors have recently modified their holdings of the company. Norges Bank purchased a new position in Texas Capital Bancshares during the 4th quarter valued at about $42,050,000. Wellington Management Group LLP boosted its stake in shares of Texas Capital Bancshares by 15.4% in the third quarter. Wellington Management Group LLP now owns 1,123,221 shares of the bank's stock valued at $80,265,000 after purchasing an additional 150,301 shares during the period. Massachusetts Financial Services Co. MA grew its holdings 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 purchasing an additional 138,734 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Texas Capital Bancshares by 75.5% in the fourth quarter. JPMorgan Chase & Co. now owns 317,292 shares of the bank's stock valued at $24,812,000 after purchasing an additional 136,507 shares in the last quarter. Finally, Jupiter Asset Management Ltd. purchased a new stake in Texas Capital Bancshares during the 4th quarter worth approximately $8,080,000. 96.88% of the stock is owned by institutional investors and hedge funds.

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.