DA Davidson Has Lowered Expectations for Texas Capital Bancshares (NASDAQ:TCBI) Stock Price

Texas Capital Bancshares (NASDAQ:TCBI) had its target price decreased by DA Davidson from $90.00 to $87.00 in a report released on Friday morning,Benzinga reports. DA Davidson currently has a neutral rating on the bank’s stock. DA Davidson also issued estimates for Texas Capital Bancshares’ Q1 2025 earnings at $0.90 EPS and FY2025 earnings at $6.43 EPS.

TCBI has been the topic of several other reports. Barclays lifted their price target on shares of Texas Capital Bancshares from $60.00 to $71.00 and gave the stock an “underweight” rating in a research note on Thursday, December 5th. Truist Financial boosted their price target on shares of Texas Capital Bancshares from $80.00 to $86.00 and gave the stock a “hold” rating in a research note on Monday, October 21st. Wedbush reaffirmed a “sector perform” rating on shares of Texas Capital Bancshares in a research note on Friday, October 18th. Piper Sandler lowered Texas Capital Bancshares from an “overweight” rating to a “neutral” rating and boosted their target price for the company from $77.00 to $82.00 in a research note on Friday, October 18th. Finally, Hovde Group raised their price target on Texas Capital Bancshares from $73.00 to $79.00 and gave the stock a “market perform” rating in a research report on Friday, October 18th. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $76.27.

Texas Capital Bancshares Stock Up 0.6 %

TCBI opened at $77.45 on Friday. The business’s fifty day simple moving average is $81.75 and its 200 day simple moving average is $74.53. Texas Capital Bancshares has a 52 week low of $54.68 and a 52 week high of $91.80. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.22. The stock has a market cap of $3.58 billion, a PE ratio of 430.28, a P/E/G ratio of 0.73 and a beta of 1.17.

Texas Capital Bancshares (NASDAQ:TCBI) last posted its quarterly earnings data on Thursday, January 23rd. The bank reported $1.43 earnings per share (EPS) for the quarter, topping 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%. As a group, research analysts expect that Texas Capital Bancshares will post 4.08 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Texas Capital Bancshares

A number of institutional investors have recently added to or reduced their stakes in the company. Mercer Global Advisors Inc. ADV grew its position in shares of Texas Capital Bancshares by 34.3% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 8,097 shares of the bank’s stock worth $495,000 after buying an additional 2,069 shares during the period. Vanguard Personalized Indexing Management LLC bought a new stake in Texas Capital Bancshares during the second quarter worth about $207,000. Sei Investments Co. grew its holdings in Texas Capital Bancshares by 8.5% in the second quarter. Sei Investments Co. now owns 152,887 shares of the bank’s stock worth $9,347,000 after purchasing an additional 12,041 shares during the period. Gabelli Funds LLC increased its stake in shares of Texas Capital Bancshares by 54.6% during the second quarter. Gabelli Funds LLC now owns 10,050 shares of the bank’s stock valued at $614,000 after purchasing an additional 3,550 shares in the last quarter. Finally, AQR Capital Management LLC lifted its holdings in shares of Texas Capital Bancshares by 87.0% during the second quarter. AQR Capital Management LLC now owns 1,087,715 shares of the bank’s stock valued at $65,219,000 after purchasing an additional 506,094 shares during the last quarter. Institutional investors own 96.88% of the company’s stock.

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.