Texas Capital Bancshares (NASDAQ:TCBI) Raised to Hold at StockNews.com

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) was upgraded by stock analysts at StockNews.com from a "sell" rating to a "hold" rating in a research report issued on Wednesday.

Other analysts also recently issued reports about the stock. Barclays boosted their target price on shares of Texas Capital Bancshares from $49.00 to $60.00 and gave the company an "underweight" rating in a research note on Friday, October 18th. JPMorgan Chase & Co. lifted their target price on Texas Capital Bancshares from $72.00 to $80.00 and gave the company an "underweight" rating in a research note on Friday, October 18th. Wedbush restated a "sector perform" rating on shares of Texas Capital Bancshares in a report on Friday, October 18th. Truist Financial increased their target price on shares of Texas Capital Bancshares from $80.00 to $86.00 and gave the stock a "hold" rating in a research report on Monday, October 21st. Finally, Citigroup reaffirmed a "sell" rating and issued a $60.00 price target on shares of Texas Capital Bancshares in a research note on Monday, July 22nd. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $74.00.

Texas Capital Bancshares Price Performance

Shares of NASDAQ TCBI traded up $8.30 during mid-day trading on Wednesday, reaching $85.48. The company had a trading volume of 1,519,678 shares, compared to its average volume of 427,198. The company has a 50-day moving average price of $72.62 and a two-hundred day moving average price of $65.20. The stock has a market cap of $3.95 billion, a PE ratio of 428.78, a P/E/G ratio of 0.72 and a beta of 1.12. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.22. Texas Capital Bancshares has a 1-year low of $53.16 and a 1-year high of $86.00.

Insider Buying and Selling at Texas Capital Bancshares

In other news, Director Robert W. Stallings purchased 20,000 shares of the stock in a transaction that occurred on Tuesday, October 22nd. The shares were purchased at an average cost of $21.28 per share, for a total transaction of $425,600.00. Following the completion of the purchase, the director now directly owns 84,587 shares of the company's stock, valued at approximately $1,800,011.36. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.53% of the company's stock.

Hedge Funds Weigh In On Texas Capital Bancshares

Several hedge funds and other institutional investors have recently modified their holdings of the stock. BNP Paribas Financial Markets lifted its holdings in shares of Texas Capital Bancshares by 73.0% during the first quarter. BNP Paribas Financial Markets now owns 25,489 shares of the bank's stock valued at $1,569,000 after acquiring an additional 10,752 shares during the period. SG Americas Securities LLC boosted its holdings in shares of Texas Capital Bancshares by 40.4% in the 1st quarter. SG Americas Securities LLC now owns 3,932 shares of the bank's stock worth $242,000 after acquiring an additional 1,131 shares in the last quarter. Tectonic Advisors LLC grew its holdings in shares of Texas Capital Bancshares by 15.2% during the first quarter. Tectonic Advisors LLC now owns 21,110 shares of the bank's stock worth $1,299,000 after purchasing an additional 2,783 shares during the last quarter. Headlands Technologies LLC increased its position in Texas Capital Bancshares by 80.4% in the 1st quarter. Headlands Technologies LLC now owns 2,910 shares of the bank's stock valued at $179,000 after acquiring an additional 1,297 shares in the last quarter. Finally, ProShare Advisors LLC lifted its holdings in Texas Capital Bancshares by 3.3% during the 1st quarter. ProShare Advisors LLC now owns 10,804 shares of the bank's stock worth $665,000 after buying an additional 344 shares in the last quarter. 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.