Brokerages Set Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Price Target at $79.47

Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Get Free Report) has earned a consensus rating of "Hold" from the fourteen research firms that are currently covering the company, MarketBeat reports. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $80.43.

A number of equities research analysts have recently issued reports on the stock. Hovde Group cut their price target 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, March 7th. JPMorgan Chase & Co. reduced their target price 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 Texas Capital Bancshares from a "sell" rating to a "hold" rating in a research report on Friday, January 31st. Stephens reduced their price objective on 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. Finally, DA Davidson lowered their target price on Texas Capital Bancshares from $90.00 to $87.00 and set a "neutral" rating on the stock in a research note on Friday, January 24th.

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Texas Capital Bancshares Price Performance

NASDAQ:TCBI traded down $6.00 during trading hours on Monday, reaching $68.71. 105,622 shares of the company's stock were exchanged, compared to its average volume of 425,532. The company has a market capitalization of $3.17 billion, a P/E ratio of 53.82, a price-to-earnings-growth ratio of 0.75 and a beta of 1.13. Texas Capital Bancshares has a 12 month low of $54.68 and a 12 month high of $91.80. The business's 50-day simple moving average is $77.68 and its two-hundred day simple moving average is $78.80. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.22.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last announced its earnings results on Thursday, January 23rd. The bank reported $1.43 EPS 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%. Sell-side analysts expect that Texas Capital Bancshares will post 5.84 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Robert W. Stallings bought 2,006 shares of Texas Capital Bancshares stock in a transaction that occurred on Monday, January 27th. The stock was purchased at an average cost of $20.99 per share, for a total transaction of $42,105.94. Following the acquisition, the director now owns 182,899 shares in the company, valued at $3,839,050.01. This trade represents a 1.11 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last three months, insiders acquired 29,402 shares of company stock worth $653,787. Corporate insiders own 1.72% of the company's stock.

Institutional Trading of Texas Capital Bancshares

A number of institutional investors and hedge funds have recently modified their holdings of TCBI. Charles Schwab Investment Management Inc. raised its holdings in Texas Capital Bancshares by 1.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 570,839 shares of the bank's stock worth $40,792,000 after acquiring an additional 10,171 shares during the period. Bank of Montreal Can increased its stake in shares of Texas Capital Bancshares by 1.2% in the third quarter. Bank of Montreal Can now owns 30,900 shares of the bank's stock worth $2,178,000 after purchasing an additional 373 shares during the period. FMR LLC lifted its position in shares of Texas Capital Bancshares by 28.9% during the 3rd quarter. FMR LLC now owns 4,167 shares of the bank's stock worth $298,000 after purchasing an additional 935 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in Texas Capital Bancshares by 141.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 22,321 shares of the bank's stock valued at $1,595,000 after purchasing an additional 13,074 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Texas Capital Bancshares in the 3rd quarter valued at approximately $1,222,000. 96.88% of the stock is currently 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.