Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Receives Average Recommendation of “Hold” from Analysts

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) has received an average rating of “Hold” from the fifteen analysts that are currently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $79.47.

TCBI has been the topic of a number of recent research reports. DA Davidson dropped their target price on Texas Capital Bancshares from $90.00 to $87.00 and set a “neutral” rating on the stock in a report on Friday, January 24th. StockNews.com raised Texas Capital Bancshares from a “sell” rating to a “hold” rating in a research report on Friday, January 31st. Stephens cut their price objective on shares of Texas Capital Bancshares from $102.00 to $97.00 and set an “overweight” rating on the stock in a report on Tuesday, January 28th. Barclays increased their target price on shares of Texas Capital Bancshares from $60.00 to $71.00 and gave the company an “underweight” rating in a report on Thursday, December 5th. Finally, Keefe, Bruyette & Woods restated an “outperform” rating and set a $95.00 price target (down from $100.00) on shares of Texas Capital Bancshares in a report on Wednesday, January 29th.

Insider Activity

In other news, Director Robert W. Stallings purchased 5,670 shares of the business’s stock in a transaction dated Friday, January 24th. The stock was bought at an average price of $27.60 per share, for a total transaction of $156,492.00. Following the purchase, the director now owns 180,893 shares of the company’s stock, valued at $4,992,646.80. The trade was a 3.24 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders purchased 29,402 shares of company stock valued at $653,787 in the last three months. Company insiders own 1.72% of the company’s stock.

Institutional Investors Weigh In On Texas Capital Bancshares

Several institutional investors have recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. increased its stake in shares of Texas Capital Bancshares by 1.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 570,839 shares of the bank’s stock worth $40,792,000 after purchasing an additional 10,171 shares in the last quarter. Bank of Montreal Can grew its stake in Texas Capital Bancshares by 1.2% in the 3rd quarter. Bank of Montreal Can now owns 30,900 shares of the bank’s stock valued at $2,178,000 after buying an additional 373 shares in the last quarter. FMR LLC grew its stake in Texas Capital Bancshares by 28.9% in the 3rd quarter. FMR LLC now owns 4,167 shares of the bank’s stock valued at $298,000 after buying an additional 935 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in Texas Capital Bancshares by 141.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 22,321 shares of the bank’s stock valued at $1,595,000 after acquiring an additional 13,074 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Texas Capital Bancshares during the third quarter worth $1,222,000. 96.88% of the stock is owned by hedge funds and other institutional investors.

Texas Capital Bancshares Stock Down 2.0 %

Texas Capital Bancshares stock opened at $73.79 on Monday. The firm has a market capitalization of $3.40 billion, a price-to-earnings ratio of 57.65, a price-to-earnings-growth ratio of 0.75 and a beta of 1.13. The firm’s fifty day moving average price is $78.06 and its two-hundred day moving average price is $78.76. Texas Capital Bancshares has a 1-year low of $54.68 and a 1-year high of $91.80. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.22.

Texas Capital Bancshares (NASDAQ:TCBI) last announced its quarterly earnings results on Thursday, January 23rd. The bank reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.36. Texas Capital Bancshares had a net margin of 3.99% and a return on equity of 9.14%. On average, equities research analysts predict that Texas Capital Bancshares will post 5.84 earnings per share for the current fiscal year.

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.