Barclays Has Lowered Expectations for Texas Capital Bancshares (NASDAQ:TCBI) Stock Price

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) had its price objective lowered by investment analysts at Barclays from $73.00 to $70.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has an "underweight" rating on the bank's stock. Barclays's target price suggests a potential upside of 12.89% from the company's current price.

A number of other analysts have also weighed in on the company. Hovde Group reduced their target price on Texas Capital Bancshares from $90.00 to $84.00 and set a "market perform" rating on the stock in a research note on Friday, March 7th. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and issued a $95.00 price target (down previously from $100.00) on shares of Texas Capital Bancshares in a research note on Wednesday, January 29th. DA Davidson lowered their price objective on shares of Texas Capital Bancshares from $90.00 to $87.00 and set a "neutral" rating for the company in a research report on Friday, January 24th. StockNews.com upgraded shares of Texas Capital Bancshares from a "sell" rating to a "hold" rating in a research note on Friday, January 31st. Finally, JPMorgan Chase & Co. lowered their price target 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. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $80.36.

Texas Capital Bancshares Price Performance

Texas Capital Bancshares stock traded up $0.77 during mid-day trading on Tuesday, reaching $62.01. 824,814 shares of the company's stock traded hands, compared to its average volume of 439,040. The stock has a 50 day moving average of $75.06 and a two-hundred day moving average of $78.26. Texas Capital Bancshares has a 12-month low of $54.68 and a 12-month high of $91.80. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.22. The company has a market cap of $2.86 billion, a price-to-earnings ratio of 48.45, a PEG ratio of 0.75 and a beta of 0.74.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last released its quarterly 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%. Equities analysts forecast that Texas Capital Bancshares will post 5.84 earnings per share for the current year.

Insider Buying and Selling

In other Texas Capital Bancshares news, Director Robert W. Stallings acquired 2,006 shares of the stock in a transaction dated Monday, January 27th. The stock was purchased at an average price of $20.99 per share, with a total value of $42,105.94. Following the transaction, the director now directly owns 182,899 shares of the company's stock, 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 legal filing with the SEC, which can be accessed through this hyperlink. Insiders purchased 29,402 shares of company stock worth $653,787 in the last three months. 1.72% of the stock is owned by insiders.

Hedge Funds Weigh In On Texas Capital Bancshares

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in Texas Capital Bancshares by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 4,697,274 shares of the bank's stock valued at $367,327,000 after purchasing an additional 20,245 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its position in shares of Texas Capital Bancshares by 0.9% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,305,685 shares of the bank's stock valued at $258,505,000 after acquiring an additional 28,282 shares during the period. Geode Capital Management LLC raised its stake in Texas Capital Bancshares by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,145,271 shares of the bank's stock worth $81,856,000 after acquiring an additional 13,022 shares during the last quarter. Wellington Management Group LLP lifted its position in Texas Capital Bancshares by 15.4% during the 3rd quarter. Wellington Management Group LLP now owns 1,123,221 shares of the bank's stock worth $80,265,000 after acquiring an additional 150,301 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its stake in Texas Capital Bancshares by 22.9% during the 4th 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 during the last quarter. 96.88% of the stock is owned by hedge funds and other institutional investors.

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.