Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Given Consensus Recommendation of “Hold” by Brokerages

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) has been given a consensus rating of “Hold” by the fifteen analysts that are covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $79.47.

Several equities research analysts have issued reports on the stock. Hovde Group lowered their price target on shares of Texas Capital Bancshares from $90.00 to $84.00 and set a “market perform” rating on the stock in a research note on Friday. StockNews.com raised shares of Texas Capital Bancshares from a “sell” rating to a “hold” rating in a research report on Friday, January 31st. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $95.00 price objective (down previously from $100.00) on shares of Texas Capital Bancshares in a research report on Wednesday, January 29th. JPMorgan Chase & Co. reduced their target price on shares of Texas Capital Bancshares from $81.00 to $80.00 and set an “underweight” rating for the company in a report on Friday, January 24th. Finally, DA Davidson reduced their target price on shares of Texas Capital Bancshares from $90.00 to $87.00 and set a “neutral” rating for the company in a report on Friday, January 24th.

Texas Capital Bancshares Trading Down 3.0 %

TCBI opened at $71.76 on Thursday. Texas Capital Bancshares has a twelve month low of $54.68 and a twelve month high of $91.80. 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 firm’s fifty day moving average is $78.72 and its two-hundred day moving average is $77.97. The firm has a market cap of $3.30 billion, a PE ratio of 56.06, a price-to-earnings-growth ratio of 0.75 and a beta of 1.13.

Texas Capital Bancshares (NASDAQ:TCBI) last issued its quarterly earnings data on Thursday, January 23rd. The bank reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.36. Texas Capital Bancshares had a net margin of 3.99% and a return on equity of 9.14%. Equities research analysts anticipate that Texas Capital Bancshares will post 5.84 EPS for the current year.

Insiders Place Their Bets

In other news, Director Robert W. Stallings bought 2,006 shares of the company’s stock in a transaction dated Monday, January 27th. The stock was bought at an average cost of $20.99 per share, for a total transaction of $42,105.94. Following the transaction, the director now owns 182,899 shares of the company’s stock, valued at $3,839,050.01. This represents a 1.11 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders acquired 29,402 shares of company stock worth $653,787 in the last quarter. 0.99% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Texas Capital Bancshares

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Amalgamated Bank raised its position in shares of Texas Capital Bancshares by 0.8% in the 4th quarter. Amalgamated Bank now owns 20,791 shares of the bank’s stock valued at $1,626,000 after buying an additional 166 shares in the last quarter. State of Alaska Department of Revenue raised its position in shares of Texas Capital Bancshares by 3.5% in the 3rd quarter. State of Alaska Department of Revenue now owns 5,366 shares of the bank’s stock valued at $383,000 after buying an additional 180 shares in the last quarter. Coldstream Capital Management Inc. raised its position in shares of Texas Capital Bancshares by 5.3% in the 3rd quarter. Coldstream Capital Management Inc. now owns 4,309 shares of the bank’s stock valued at $309,000 after buying an additional 217 shares in the last quarter. Xponance Inc. raised its position in shares of Texas Capital Bancshares by 4.8% in the 4th quarter. Xponance Inc. now owns 6,569 shares of the bank’s stock valued at $514,000 after buying an additional 300 shares in the last quarter. Finally, Savant Capital LLC raised its position in shares of Texas Capital Bancshares by 5.7% in the 4th quarter. Savant Capital LLC now owns 5,604 shares of the bank’s stock valued at $438,000 after buying an additional 303 shares in the last quarter. 96.88% of the stock is currently owned by institutional investors and hedge funds.

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.