Texas Capital Bancshares (NASDAQ:TCBI) PT Lowered to $72.00 at JPMorgan Chase & Co.

Texas Capital Bancshares (NASDAQ:TCBI) had its price target cut by JPMorgan Chase & Co. from $73.00 to $72.00 in a research report report published on Wednesday morning, Benzinga reports. They currently have an underweight rating on the bank’s stock.

Several other equities research analysts also recently issued reports on TCBI. Hovde Group increased their price target on Texas Capital Bancshares from $66.00 to $73.00 and gave the stock a market perform rating in a report on Monday, September 23rd. Stephens upped their target price on shares of Texas Capital Bancshares from $73.00 to $75.00 and gave the stock an overweight rating in a research note on Friday, July 19th. Keefe, Bruyette & Woods reiterated an outperform rating and set a $74.00 target price on shares of Texas Capital Bancshares in a report on Monday, September 9th. Wedbush increased their target price on shares of Texas Capital Bancshares from $70.00 to $77.00 and gave the stock a neutral rating in a report on Tuesday, September 24th. Finally, Truist Financial raised their price target on 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 investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Texas Capital Bancshares presently has a consensus rating of Hold and a consensus price target of $69.13.

Texas Capital Bancshares Stock Up 2.9 %

Texas Capital Bancshares stock opened at $75.79 on Wednesday. The firm has a market capitalization of $3.50 billion, a price-to-earnings ratio of 27.36, a PEG ratio of 0.94 and a beta of 1.13. The company’s 50 day simple moving average is $67.16 and its 200 day simple moving average is $62.82. 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 has a fifty-two week low of $52.89 and a fifty-two week high of $76.26.

Texas Capital Bancshares (NASDAQ:TCBI) last announced its quarterly earnings results on Thursday, July 18th. The bank reported $0.80 earnings per share for the quarter, missing analysts’ consensus estimates 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 period in the prior year, the business earned $1.33 earnings per share. As a group, sell-side analysts anticipate that Texas Capital Bancshares will post 3.5 EPS for the current year.

Insider Buying and Selling at Texas Capital Bancshares

In related news, Director Robert W. Stallings acquired 10,000 shares of the firm’s stock in a transaction on Monday, July 29th. The shares were purchased at an average cost of $20.46 per share, for a total transaction of $204,600.00. Following the completion of the acquisition, the director now directly owns 31,294 shares in the company, valued at approximately $640,275.24. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, Director Robert W. Stallings acquired 4,000 shares of the business’s stock in a transaction 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 completion of the transaction, the director now directly owns 12,794 shares of the company’s stock, valued at approximately $263,812.28. The trade was a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert W. Stallings acquired 10,000 shares of Texas Capital Bancshares stock in a transaction dated Monday, July 29th. The shares were purchased at an average price of $20.46 per share, with a total value of $204,600.00. Following the acquisition, the director now owns 31,294 shares of the company’s stock, valued at approximately $640,275.24. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired 43,500 shares of company stock valued at $876,400 in the last quarter. 0.99% of the stock is currently owned by insiders.

Institutional Trading of Texas Capital Bancshares

Several hedge funds have recently added to or reduced their stakes in the company. GSA Capital Partners LLP grew its holdings in Texas Capital Bancshares by 512.8% in the 4th quarter. GSA Capital Partners LLP now owns 54,089 shares of the bank’s stock valued at $3,496,000 after buying an additional 45,263 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Texas Capital Bancshares by 42.2% in the fourth 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 grew its stake in shares of Texas Capital Bancshares by 97.9% in the fourth 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% during the fourth quarter. Vanguard Group Inc. now owns 4,888,236 shares of the bank’s stock worth $315,927,000 after acquiring an additional 68,211 shares during the period. Finally, CWM LLC raised its stake in Texas Capital Bancshares by 426.6% in the 1st quarter. CWM LLC now owns 674 shares of the bank’s stock worth $41,000 after purchasing an additional 546 shares in the last quarter. 96.88% of the stock is owned by institutional investors and hedge funds.

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.