Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Receives $74.00 Average Price Target from Analysts

Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Get Free Report) have been assigned an average rating of "Hold" from the sixteen ratings firms that are covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $74.00.

A number of brokerages have commented on TCBI. Raymond James raised Texas Capital Bancshares from a "market perform" rating to an "outperform" rating and set a $78.00 price objective for the company in a research note on Tuesday, September 17th. Truist Financial lifted their price target on shares of Texas Capital Bancshares from $80.00 to $86.00 and gave the company a "hold" rating in a research report on Monday, October 21st. Wedbush restated a "sector perform" rating on shares of Texas Capital Bancshares in a report on Friday, October 18th. StockNews.com raised shares of Texas Capital Bancshares from a "sell" rating to a "hold" rating in a research note on Wednesday, November 6th. Finally, DA Davidson boosted their target price on shares of Texas Capital Bancshares from $73.00 to $81.00 and gave the stock a "neutral" rating in a research report on Friday, October 25th.

Insider Buying and Selling

In other news, Director Robert W. Stallings acquired 20,000 shares of Texas Capital Bancshares stock in a transaction on Tuesday, October 22nd. The stock was acquired at an average cost of $21.28 per share, with a total value of $425,600.00. Following the completion of the acquisition, the director now owns 84,587 shares in the company, valued at approximately $1,800,011.36. This trade represents a 30.97 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.53% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in TCBI. Gabelli Funds LLC bought a new stake in Texas Capital Bancshares in the 1st quarter valued at about $400,000. Price T Rowe Associates Inc. MD raised its position in shares of Texas Capital Bancshares by 5.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 29,357 shares of the bank's stock valued at $1,807,000 after purchasing an additional 1,494 shares during the period. Teachers Retirement System of The State of Kentucky lifted its stake in shares of Texas Capital Bancshares by 154.7% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 43,257 shares of the bank's stock valued at $2,663,000 after buying an additional 26,273 shares in the last quarter. First Hawaiian Bank bought a new position in Texas Capital Bancshares in the 2nd quarter worth approximately $675,000. Finally, CWM LLC boosted its holdings in Texas Capital Bancshares by 40.8% in the 2nd quarter. CWM LLC now owns 949 shares of the bank's stock worth $58,000 after buying an additional 275 shares during the period. Hedge funds and other institutional investors own 96.88% of the company's stock.

Texas Capital Bancshares Stock Down 0.5 %

Shares of Texas Capital Bancshares stock traded down $0.44 during trading on Tuesday, reaching $89.24. 243,985 shares of the company traded hands, compared to its average volume of 432,587. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market capitalization of $4.12 billion, a PE ratio of 495.78, a P/E/G ratio of 0.83 and a beta of 1.12. The company has a 50 day moving average price of $77.97 and a 200-day moving average price of $67.86. Texas Capital Bancshares has a 1-year low of $53.69 and a 1-year high of $91.80.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last released its quarterly earnings data on Thursday, October 17th. The bank reported $1.62 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.97 by $0.65. The company had revenue of $304.91 million for the quarter, compared to analysts' expectations of $279.64 million. Texas Capital Bancshares had a net margin of 1.40% and a return on equity of 8.06%. As a group, equities research analysts expect that Texas Capital Bancshares will post 4.15 earnings per share for the current fiscal year.

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.