Stephens Cuts Texas Capital Bancshares (NASDAQ:TCBI) Price Target to $97.00

Texas Capital Bancshares (NASDAQ:TCBI) had its price target decreased by Stephens from $102.00 to $97.00 in a research report sent to investors on Tuesday,Benzinga reports. Stephens currently has an overweight rating on the bank’s stock.

A number of other equities research analysts have also issued reports on TCBI. Truist Financial increased their price target on Texas Capital Bancshares from $80.00 to $86.00 and gave the stock a “hold” rating in a research note on Monday, October 21st. JPMorgan Chase & Co. lowered their price target on Texas Capital Bancshares from $81.00 to $80.00 and set an “underweight” rating on the stock in a report on Friday, January 24th. DA Davidson cut their price objective 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. Royal Bank of Canada upped their target price on shares of Texas Capital Bancshares from $73.00 to $83.00 and gave the stock a “sector perform” rating in a research report on Friday, October 18th. Finally, Wedbush reiterated a “sector perform” rating on shares of Texas Capital Bancshares in a research note on Friday, October 18th. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $79.13.

Texas Capital Bancshares Price Performance

NASDAQ TCBI opened at $79.30 on Tuesday. The stock has a market capitalization of $3.66 billion, a price-to-earnings ratio of 440.56, a PEG ratio of 0.73 and a beta of 1.17. Texas Capital Bancshares has a 1-year low of $54.68 and a 1-year high of $91.80. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.01 and a quick ratio of 1.01. The business’s fifty day moving average price is $81.22 and its 200-day moving average price is $74.79.

Texas Capital Bancshares (NASDAQ:TCBI) last posted its earnings results on Thursday, January 23rd. The bank reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.36. Texas Capital Bancshares had a return on equity of 8.06% and a net margin of 1.40%. On average, equities analysts predict that Texas Capital Bancshares will post 4.08 earnings per share for the current year.

Insider Activity

In other Texas Capital Bancshares news, Director Robert W. Stallings acquired 2,006 shares of the stock in a transaction dated Monday, January 27th. The stock was purchased at an average price of $20.99 per share, with a total value of $42,105.94. Following the transaction, the director now directly owns 182,899 shares of the company’s stock, valued at $3,839,050.01. This trade represents a 1.11 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last quarter, insiders acquired 8,402 shares of company stock worth $213,837. 0.99% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Blue Trust Inc. lifted its holdings in shares of Texas Capital Bancshares by 89.9% in the 3rd quarter. Blue Trust Inc. now owns 357 shares of the bank’s stock valued at $26,000 after buying an additional 169 shares during the period. Icon Wealth Advisors LLC purchased a new position in Texas Capital Bancshares during the third quarter valued at approximately $31,000. R Squared Ltd acquired a new position in Texas Capital Bancshares in the fourth quarter valued at approximately $41,000. Meeder Asset Management Inc. purchased a new stake in Texas Capital Bancshares in the 3rd quarter worth approximately $71,000. Finally, CWM LLC grew its stake in shares of Texas Capital Bancshares by 69.8% during the 3rd quarter. CWM LLC now owns 1,611 shares of the bank’s stock worth $115,000 after purchasing an additional 662 shares during the period. 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.