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

Texas Capital Bancshares (NASDAQ:TCBI - Free Report) had its price objective reduced by Stephens from $95.00 to $90.00 in a report issued on Monday, MarketBeat Ratings reports. Stephens currently has an overweight rating on the bank's stock.

Several other equities analysts have also issued reports on the company. Piper Sandler dropped their price target on Texas Capital Bancshares from $84.00 to $74.00 and set a "neutral" rating on the stock in a research note on Monday. Raymond James dropped their target price on shares of Texas Capital Bancshares from $87.00 to $80.00 and set an "outperform" rating on the stock in a research report on Monday. Keefe, Bruyette & Woods reiterated an "outperform" rating and set a $95.00 target price (down previously from $100.00) on shares of Texas Capital Bancshares in a research report on Wednesday, January 29th. Barclays dropped their target price on shares of Texas Capital Bancshares from $73.00 to $70.00 and set an "underweight" rating on the stock in a research report on Tuesday, April 8th. Finally, StockNews.com upgraded shares of Texas Capital Bancshares from a "sell" rating to a "hold" rating in a research report on Friday, January 31st. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $76.64.

Texas Capital Bancshares Price Performance

Shares of TCBI stock traded up $0.35 during trading on Monday, hitting $67.54. The company had a trading volume of 20,633 shares, compared to its average volume of 443,915. Texas Capital Bancshares has a one year low of $56.24 and a one year high of $91.80. The firm has a market capitalization of $3.12 billion, a P/E ratio of 52.60, a price-to-earnings-growth ratio of 0.75 and a beta of 0.74. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.00 and a current ratio of 1.00. The stock's 50-day moving average price is $72.29 and its 200 day moving average price is $77.90.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last released its quarterly earnings results on Thursday, April 17th. The bank reported $0.92 EPS for the quarter, missing analysts' consensus estimates of $0.99 by ($0.07). The company had revenue of $280.48 million during the quarter, compared to the consensus estimate of $284.40 million. Texas Capital Bancshares had a net margin of 3.99% and a return on equity of 9.14%. Equities analysts expect that Texas Capital Bancshares will post 5.84 EPS for the current fiscal year.

Insiders Place Their Bets

In other Texas Capital Bancshares news, Director Robert W. Stallings acquired 4,500 shares of the business's stock in a transaction dated Monday, April 21st. The stock was purchased at an average price of $64.27 per share, with a total value of $289,215.00. Following the transaction, the director now directly owns 288,131 shares in the company, valued at approximately $18,518,179.37. The trade was a 1.59 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In the last quarter, insiders purchased 33,902 shares of company stock valued at $943,002. Company insiders own 1.72% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Picton Mahoney Asset Management purchased a new stake in Texas Capital Bancshares in the 4th quarter worth $30,000. Assetmark Inc. purchased a new stake in Texas Capital Bancshares in the 4th quarter worth $32,000. Venturi Wealth Management LLC purchased a new stake in shares of Texas Capital Bancshares during the 4th quarter valued at about $37,000. R Squared Ltd purchased a new stake in shares of Texas Capital Bancshares during the 4th quarter valued at about $41,000. Finally, UMB Bank n.a. boosted its position in shares of Texas Capital Bancshares by 1,089.8% during the first quarter. UMB Bank n.a. now owns 583 shares of the bank's stock valued at $44,000 after buying an additional 534 shares during the period. Institutional investors own 96.88% of the company's stock.

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.