Wedbush Boosts Texas Capital Bancshares (NASDAQ:TCBI) Price Target to $77.00

Texas Capital Bancshares (NASDAQ:TCBI) had its target price boosted by Wedbush from $70.00 to $77.00 in a report published on Tuesday morning, Benzinga reports. They currently have a neutral rating on the bank’s stock. Wedbush also issued estimates for Texas Capital Bancshares’ Q3 2024 earnings at $1.05 EPS, FY2024 earnings at $3.42 EPS, Q1 2025 earnings at $0.79 EPS, Q2 2025 earnings at $1.07 EPS, Q3 2025 earnings at $1.36 EPS, Q4 2025 earnings at $1.43 EPS, FY2025 earnings at $4.65 EPS and FY2026 earnings at $5.00 EPS.

TCBI has been the topic of several other research reports. Raymond James upgraded shares of Texas Capital Bancshares from a market perform rating to an outperform rating and set a $78.00 target price on the stock in a report on Tuesday, September 17th. Truist Financial lifted their price objective on Texas Capital Bancshares from $70.00 to $80.00 and gave the stock a hold rating in a research report on Friday, September 20th. Citigroup restated a sell rating and set a $60.00 target price on shares of Texas Capital Bancshares in a research report on Monday, July 22nd. Stephens raised their target price on Texas Capital Bancshares from $73.00 to $75.00 and gave the stock an overweight rating in a research note on Friday, July 19th. Finally, JPMorgan Chase & Co. boosted their price target on Texas Capital Bancshares from $70.00 to $73.00 and gave the company an underweight rating in a research note on Monday, September 9th. Five research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of Hold and a consensus price target of $69.20.

Texas Capital Bancshares Price Performance

Texas Capital Bancshares stock opened at $70.47 on Tuesday. The stock’s 50 day moving average is $65.80 and its 200 day moving average is $61.93. Texas Capital Bancshares has a one year low of $52.89 and a one year high of $74.57. The firm has a market cap of $3.26 billion, a P/E ratio of 21.35, a P/E/G ratio of 1.02 and a beta of 1.13. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.00 and a quick ratio of 0.99.

Texas Capital Bancshares (NASDAQ:TCBI) last released its quarterly earnings results on Thursday, July 18th. The bank reported $0.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.06). Texas Capital Bancshares had a return on equity of 6.05% and a net margin of 8.08%. The firm had revenue of $472.49 million for the quarter, compared to the consensus estimate of $268.02 million. During the same quarter in the previous year, the business posted $1.33 EPS. As a group, research analysts expect that Texas Capital Bancshares will post 3.44 EPS for the current year.

Insider Buying and Selling at Texas Capital Bancshares

In other Texas Capital Bancshares news, Director Robert W. Stallings acquired 10,000 shares of the company’s stock in a transaction on Monday, July 29th. The shares were purchased at an average cost of $20.46 per share, with a total value of $204,600.00. Following the completion of the purchase, the director now owns 31,294 shares of the company’s stock, valued at $640,275.24. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, Director Robert W. Stallings purchased 10,000 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The stock was acquired at an average price of $20.46 per share, for a total transaction of $204,600.00. Following the completion of the acquisition, the director now owns 31,294 shares of the company’s stock, valued at approximately $640,275.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert W. Stallings acquired 4,000 shares of the business’s stock in a transaction on Thursday, July 25th. The shares were purchased at an average cost of $20.62 per share, for a total transaction of $82,480.00. Following the completion of the acquisition, the director now directly owns 12,794 shares in the company, valued at $263,812.28. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 43,500 shares of company stock worth $876,400. 0.99% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Texas Capital Bancshares

Institutional investors have recently added to or reduced their stakes in the company. Innealta Capital LLC bought a new position in Texas Capital Bancshares in the 2nd quarter valued at $26,000. CWM LLC grew its position in Texas Capital Bancshares by 426.6% during the first quarter. CWM LLC now owns 674 shares of the bank’s stock valued at $41,000 after buying an additional 546 shares during the period. Mather Group LLC. purchased a new stake in Texas Capital Bancshares during the first quarter worth about $50,000. Fidelis Capital Partners LLC bought a new stake in Texas Capital Bancshares in the first quarter worth about $54,000. Finally, TFO Wealth Partners LLC boosted its stake in Texas Capital Bancshares by 123,750.0% in the fourth quarter. TFO Wealth Partners LLC now owns 2,477 shares of the bank’s stock valued at $160,000 after acquiring an additional 2,475 shares during the last quarter. 96.88% of the stock is owned by institutional investors.

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.