JPMorgan Chase & Co. Lowers Texas Capital Bancshares (NASDAQ:TCBI) Price Target to $80.00

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) had its price target reduced by equities research analysts at JPMorgan Chase & Co. from $81.00 to $80.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has an "underweight" rating on the bank's stock. JPMorgan Chase & Co.'s price objective would indicate a potential upside of 3.29% from the company's current price.

TCBI has been the topic of a number of other research reports. Piper Sandler cut shares of Texas Capital Bancshares from an "overweight" rating to a "neutral" rating and raised their price objective for the company from $77.00 to $82.00 in a research report on Friday, October 18th. Barclays raised their price target on Texas Capital Bancshares from $60.00 to $71.00 and gave the company an "underweight" rating in a research report on Thursday, December 5th. Royal Bank of Canada upped their price objective on Texas Capital Bancshares from $73.00 to $83.00 and gave the stock a "sector perform" rating in a report on Friday, October 18th. DA Davidson decreased their price objective on Texas Capital Bancshares from $90.00 to $87.00 and set a "neutral" rating on the stock in a report on Friday. Finally, Wedbush restated a "sector perform" rating on shares of Texas Capital Bancshares in a research report on Friday, October 18th. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $76.27.

Texas Capital Bancshares Price Performance

Shares of TCBI stock traded up $0.50 on Friday, reaching $77.45. The company's stock had a trading volume of 676,498 shares, compared to its average volume of 355,079. Texas Capital Bancshares has a 12-month low of $54.68 and a 12-month high of $91.80. The stock's 50 day simple moving average is $81.75 and its 200-day simple moving average is $74.35. 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 company has a market capitalization of $3.58 billion, a P/E ratio of 430.28, a PEG ratio of 0.73 and a beta of 1.17.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last issued its quarterly earnings results on Thursday, January 23rd. The bank reported $1.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.07 by $0.36. Texas Capital Bancshares had a return on equity of 8.06% and a net margin of 1.40%. As a group, equities analysts predict that Texas Capital Bancshares will post 4.08 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Texas Capital Bancshares

A number of large investors have recently modified their holdings of the stock. Hodges Capital Management Inc. lifted its holdings in Texas Capital Bancshares by 32.5% in the fourth quarter. Hodges Capital Management Inc. now owns 252,973 shares of the bank's stock worth $19,782,000 after buying an additional 62,030 shares during the period. SYM FINANCIAL Corp purchased a new position in shares of Texas Capital Bancshares in the 4th quarter valued at approximately $204,000. R Squared Ltd bought a new stake in shares of Texas Capital Bancshares during the fourth quarter valued at approximately $41,000. KBC Group NV grew its stake in Texas Capital Bancshares by 64.2% in the fourth quarter. KBC Group NV now owns 2,172 shares of the bank's stock worth $170,000 after purchasing an additional 849 shares during the period. Finally, Nisa Investment Advisors LLC raised its holdings in Texas Capital Bancshares by 5.3% in the fourth quarter. Nisa Investment Advisors LLC now owns 8,948 shares of the bank's stock worth $700,000 after purchasing an additional 450 shares in the last quarter. Institutional investors own 96.88% of the company's stock.

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.