Texas Capital Bancshares (NASDAQ:TCBI) PT Raised to $80.00 at JPMorgan Chase & Co.

Texas Capital Bancshares (NASDAQ:TCBI) had its target price lifted by JPMorgan Chase & Co. from $72.00 to $80.00 in a research report sent to investors on Friday, Benzinga reports. JPMorgan Chase & Co. currently has an underweight rating on the bank’s stock.

A number of other equities analysts also recently weighed in on TCBI. Bank of America raised shares of Texas Capital Bancshares from an “underperform” rating to a “buy” rating and increased their price target for the stock from $51.00 to $77.00 in a research note on Monday, September 9th. Piper Sandler downgraded shares of Texas Capital Bancshares from an “overweight” rating to a “neutral” rating and raised their target price for the company from $77.00 to $82.00 in a research note on Friday. DA Davidson raised their target price on shares of Texas Capital Bancshares from $65.00 to $74.00 and gave the company a “neutral” rating in a research note on Monday, September 9th. Hovde Group raised their target price on shares of Texas Capital Bancshares from $73.00 to $79.00 and gave the company a “market perform” rating in a research note on Friday. Finally, Truist Financial raised their target price on shares of Texas Capital Bancshares from $70.00 to $80.00 and gave the company a “hold” rating in a research note on Friday, September 20th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $73.56.

Texas Capital Bancshares Stock Performance

NASDAQ:TCBI opened at $76.63 on Friday. The company has a quick ratio of 0.99, a current ratio of 1.01 and a debt-to-equity ratio of 0.22. The company has a market cap of $3.54 billion, a P/E ratio of 425.72, a P/E/G ratio of 1.00 and a beta of 1.13. Texas Capital Bancshares has a fifty-two week low of $52.89 and a fifty-two week high of $82.25. The firm’s 50 day moving average is $69.13 and its two-hundred day moving average is $63.53.

Insider Transactions at Texas Capital Bancshares

In related news, Director Robert W. Stallings bought 4,000 shares of the business’s stock in a transaction that occurred on Thursday, July 25th. The stock was purchased at an average cost of $20.62 per share, for a total transaction of $82,480.00. Following the purchase, the director now directly owns 12,794 shares in the company, valued at $263,812.28. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Texas Capital Bancshares news, Director Robert W. Stallings purchased 4,000 shares of the stock in a transaction on Thursday, July 25th. The shares were purchased at an average price of $20.62 per share, with a total value of $82,480.00. Following the acquisition, the director now directly owns 12,794 shares of the company’s stock, valued at $263,812.28. This represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Robert W. Stallings acquired 15,000 shares of the company’s stock in a transaction dated Friday, August 2nd. The stock was acquired at an average price of $20.00 per share, with a total value of $300,000.00. Following the purchase, the director now owns 20,000 shares in the company, valued at approximately $400,000. This represents a 300.00 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders bought 43,000 shares of company stock worth $866,100. 0.99% of the stock is owned by insiders.

Institutional Investors Weigh In On Texas Capital Bancshares

A number of hedge funds have recently made changes to their positions in the company. Goldman Sachs Group Inc. increased its position in Texas Capital Bancshares by 42.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 544,408 shares of the bank’s stock valued at $35,185,000 after acquiring an additional 161,643 shares in the last quarter. Wellington Management Group LLP increased its position in Texas Capital Bancshares by 97.9% in the 4th quarter. Wellington Management Group LLP now owns 1,106,536 shares of the bank’s stock valued at $71,515,000 after acquiring an additional 547,336 shares in the last quarter. Vanguard Group Inc. increased its position in Texas Capital Bancshares by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 4,888,236 shares of the bank’s stock valued at $315,927,000 after acquiring an additional 68,211 shares in the last quarter. CWM LLC increased its position in Texas Capital Bancshares by 426.6% in the 1st quarter. CWM LLC now owns 674 shares of the bank’s stock valued at $41,000 after acquiring an additional 546 shares in the last quarter. Finally, Mather Group LLC. acquired a new stake in Texas Capital Bancshares in the 1st quarter valued at about $50,000. Institutional investors and hedge funds 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.