Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Given Average Rating of "Hold" by Analysts

Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Get Free Report) has been given an average rating of "Hold" by the sixteen brokerages that are currently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $74.75.

Several analysts have issued reports on TCBI shares. Barclays upped their price target on shares of Texas Capital Bancshares from $60.00 to $71.00 and gave the stock an "underweight" rating in a research report on Thursday, December 5th. Royal Bank of Canada upped their target price on shares of Texas Capital Bancshares from $73.00 to $83.00 and gave the company a "sector perform" rating in a report on Friday, October 18th. Truist Financial raised their target price on shares of Texas Capital Bancshares from $80.00 to $86.00 and gave the company a "hold" rating in a research note on Monday, October 21st. Wedbush reissued a "sector perform" rating on shares of Texas Capital Bancshares in a research report on Friday, October 18th. Finally, Hovde Group raised their price objective on Texas Capital Bancshares from $73.00 to $79.00 and gave the company a "market perform" rating in a research report on Friday, October 18th.

Texas Capital Bancshares Stock Up 2.8 %

Shares of NASDAQ:TCBI traded up $2.14 during midday trading on Wednesday, reaching $78.91. The company had a trading volume of 530,986 shares, compared to its average volume of 457,521. 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 $3.65 billion, a PE ratio of 438.39, a P/E/G ratio of 0.80 and a beta of 1.17. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.22. The business's 50 day moving average price is $82.93 and its 200 day moving average price is $73.47.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last posted its quarterly earnings results on Thursday, October 17th. The bank reported $1.62 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.65. The firm had revenue of $304.91 million for the quarter, compared to analyst estimates of $279.64 million. Texas Capital Bancshares had a return on equity of 8.06% and a net margin of 1.40%. Research analysts forecast that Texas Capital Bancshares will post 4.15 EPS for the current fiscal year.

Insider Activity at Texas Capital Bancshares

In other Texas Capital Bancshares news, Director Robert W. Stallings acquired 20,000 shares of the business's stock in a transaction on Tuesday, October 22nd. The stock was purchased at an average price of $21.28 per share, with a total value of $425,600.00. Following the acquisition, the director now directly owns 84,587 shares of the company's stock, valued at approximately $1,800,011.36. This trade represents a 30.97 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.99% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Texas Capital Bancshares

A number of hedge funds and other institutional investors have recently made changes to their positions in TCBI. AQR Capital Management LLC increased its position in shares of Texas Capital Bancshares by 87.0% in the second quarter. AQR Capital Management LLC now owns 1,087,715 shares of the bank's stock worth $65,219,000 after purchasing an additional 506,094 shares during the period. Millennium Management LLC grew its stake in Texas Capital Bancshares by 146.7% during the second quarter. Millennium Management LLC now owns 372,370 shares of the bank's stock worth $22,767,000 after buying an additional 221,454 shares in the last quarter. American Century Companies Inc. increased its holdings in Texas Capital Bancshares by 43.8% in the 2nd quarter. American Century Companies Inc. now owns 562,507 shares of the bank's stock valued at $34,392,000 after buying an additional 171,263 shares during the period. Wellington Management Group LLP raised its position in shares of Texas Capital Bancshares by 15.4% in the 3rd quarter. Wellington Management Group LLP now owns 1,123,221 shares of the bank's stock valued at $80,265,000 after buying an additional 150,301 shares in the last quarter. Finally, Jane Street Group LLC lifted its holdings in shares of Texas Capital Bancshares by 107.2% during the 3rd quarter. Jane Street Group LLC now owns 132,672 shares of the bank's stock worth $9,481,000 after acquiring an additional 68,632 shares during the period. 96.88% of the stock is currently owned by institutional investors and hedge funds.

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.