Brokerages Set Texas Capital Bancshares, Inc. (NASDAQ:TCBI) PT at $69.20

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) has earned a consensus recommendation of “Hold” from the fifteen analysts that are presently covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $69.13.

TCBI has been the topic of several recent analyst reports. Truist Financial boosted their price objective on Texas Capital Bancshares from $70.00 to $80.00 and gave the stock a “hold” rating in a report on Friday, September 20th. Stephens upped their price target on shares of Texas Capital Bancshares from $73.00 to $75.00 and gave the company an “overweight” rating in a research report on Friday, July 19th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $74.00 price objective on shares of Texas Capital Bancshares in a research note on Monday, September 9th. Hovde Group boosted their target price on shares of Texas Capital Bancshares from $66.00 to $73.00 and gave the company a “market perform” rating in a research note on Monday, September 23rd. Finally, Raymond James raised Texas Capital Bancshares from a “market perform” rating to an “outperform” rating and set a $78.00 target price for the company in a research report on Tuesday, September 17th.

Insider Activity at Texas Capital Bancshares

In other Texas Capital Bancshares news, Director Robert W. Stallings purchased 10,000 shares of the company’s stock in a transaction dated Monday, July 29th. The shares were bought at an average price of $20.46 per share, for a total transaction of $204,600.00. Following the purchase, the director now directly owns 31,294 shares in the company, valued at $640,275.24. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Texas Capital Bancshares news, Director Robert W. Stallings acquired 10,000 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The stock was 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 owns 31,294 shares of the company’s stock, valued at approximately $640,275.24. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Robert W. Stallings bought 4,000 shares of the business’s stock in a transaction on Thursday, July 25th. The shares were bought at an average price of $20.62 per share, for a total transaction of $82,480.00. Following the completion of the acquisition, the director now owns 12,794 shares of the company’s stock, valued at approximately $263,812.28. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders bought 43,500 shares of company stock valued at $876,400. 0.99% of the stock is owned by corporate insiders.

Institutional Trading of Texas Capital Bancshares

Institutional investors and hedge funds have recently modified their holdings of the company. Innealta Capital LLC acquired a new stake in shares of Texas Capital Bancshares in the second quarter valued at about $26,000. CWM LLC boosted its position in shares of Texas Capital Bancshares by 426.6% in the first quarter. CWM LLC now owns 674 shares of the bank’s stock valued at $41,000 after acquiring an additional 546 shares during the period. Mather Group LLC. acquired a new stake in shares of Texas Capital Bancshares in the first quarter worth $50,000. Fidelis Capital Partners LLC bought a new position in Texas Capital Bancshares during the first quarter worth $54,000. Finally, Headlands Technologies LLC boosted its holdings 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 purchasing an additional 1,297 shares during the period. 96.88% of the stock is currently owned by institutional investors and hedge funds.

Texas Capital Bancshares Stock Up 2.9 %

TCBI stock opened at $75.79 on Monday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.00 and a quick ratio of 0.99. The firm has a market cap of $3.50 billion, a PE ratio of 27.36, a P/E/G ratio of 0.94 and a beta of 1.13. Texas Capital Bancshares has a 12 month low of $52.89 and a 12 month high of $76.26. The firm has a 50 day simple moving average of $67.16 and a 200 day simple moving average of $62.87.

Texas Capital Bancshares (NASDAQ:TCBI) last announced its quarterly earnings data on Thursday, July 18th. The bank reported $0.80 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.06). The company had revenue of $472.49 million for the quarter, compared to analyst estimates of $268.02 million. Texas Capital Bancshares had a net margin of 8.08% and a return on equity of 6.05%. During the same quarter last year, the company posted $1.33 EPS. Equities research analysts forecast that Texas Capital Bancshares will post 3.5 earnings per share for the current fiscal year.

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.