Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) had its price target dropped by equities research analysts at Hovde Group from $90.00 to $84.00 in a research report issued to clients and investors on Friday, MarketBeat Ratings reports. The brokerage currently has a "market perform" rating on the bank's stock. Hovde Group's price target points to a potential upside of 15.74% from the stock's previous close.
A number of other equities research analysts have also commented on the company. DA Davidson dropped their target price on Texas Capital Bancshares from $90.00 to $87.00 and set a "neutral" rating on the stock in a research report on Friday, January 24th. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and issued a $95.00 price objective (down from $100.00) on shares of Texas Capital Bancshares in a report on Wednesday, January 29th. Barclays raised their target price on shares of Texas Capital Bancshares from $60.00 to $71.00 and gave the stock an "underweight" rating in a report on Thursday, December 5th. JPMorgan Chase & Co. lowered 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 report on Friday, January 24th. Finally, StockNews.com upgraded Texas Capital Bancshares from a "sell" rating to a "hold" rating in a research note on Friday, January 31st. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, Texas Capital Bancshares has a consensus rating of "Hold" and an average price target of $79.47.
Get Our Latest Stock Analysis on TCBI
Texas Capital Bancshares Stock Down 1.9 %
Shares of NASDAQ TCBI traded down $1.44 during trading hours on Friday, hitting $72.58. 193,218 shares of the stock were exchanged, compared to its average volume of 406,957. The company has a market cap of $3.34 billion, a PE ratio of 56.79, a PEG 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 company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.22. The firm has a fifty day moving average price of $78.84 and a 200-day moving average price of $77.92.
Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last announced its quarterly earnings data 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 net margin of 3.99% and a return on equity of 9.14%. On average, sell-side analysts expect that Texas Capital Bancshares will post 5.84 EPS for the current year.
Insider Activity at Texas Capital Bancshares
In other Texas Capital Bancshares news, Director Robert W. Stallings bought 5,670 shares of the 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 purchase, 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last three months, insiders have purchased 29,402 shares of company stock valued at $653,787. 0.99% of the stock is owned by corporate insiders.
Institutional Trading of Texas Capital Bancshares
Several large investors have recently bought and sold shares of the business. Picton Mahoney Asset Management purchased a new stake in shares of Texas Capital Bancshares in the fourth quarter valued at approximately $30,000. Icon Wealth Advisors LLC acquired a new position in shares of Texas Capital Bancshares in the 3rd quarter worth approximately $31,000. Assetmark Inc. acquired a new stake in shares of Texas Capital Bancshares in the fourth quarter valued at $32,000. Venturi Wealth Management LLC purchased a new stake in Texas Capital Bancshares during the fourth quarter worth about $37,000. Finally, R Squared Ltd purchased a new stake in shares of Texas Capital Bancshares during the fourth quarter worth $41,000. Hedge funds and other institutional investors own 96.88% of the company's stock.
Texas Capital Bancshares Company Profile
(
Get Free Report)
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.
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