Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Given Average Rating of “Hold” by Analysts

Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) have received a consensus rating of “Hold” from the fourteen ratings firms that are currently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $76.64.

A number of analysts have commented on TCBI shares. StockNews.com raised Texas Capital Bancshares from a “sell” rating to a “hold” rating in a report on Friday, January 31st. Hovde Group decreased their price objective on Texas Capital Bancshares from $84.00 to $75.00 and set a “market perform” rating for the company in a report on Monday, April 21st. DA Davidson decreased their price objective on Texas Capital Bancshares from $81.00 to $76.00 and set a “neutral” rating for the company in a report on Monday, April 21st. Raymond James decreased their price objective on Texas Capital Bancshares from $87.00 to $80.00 and set an “outperform” rating for the company in a report on Monday, April 21st. Finally, JPMorgan Chase & Co. decreased their price objective on Texas Capital Bancshares from $78.00 to $70.00 and set an “underweight” rating for the company in a report on Monday, April 21st.

Insider Buying and Selling at Texas Capital Bancshares

In other Texas Capital Bancshares news, Director Robert W. Stallings acquired 7,000 shares of the company’s stock in a transaction on Thursday, February 6th. The shares were acquired at an average cost of $21.32 per share, with a total value of $149,240.00. Following the completion of the acquisition, the director now directly owns 215,413 shares in the company, valued at $4,592,605.16. This trade represents a 3.36 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have acquired a total of 31,000 shares of company stock valued at $1,102,065 over the last three months. 1.72% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Texas Capital Bancshares

Institutional investors have recently added to or reduced their stakes in the business. US Bancorp DE lifted its holdings in Texas Capital Bancshares by 1,575.0% during the fourth quarter. US Bancorp DE now owns 10,519 shares of the bank’s stock valued at $823,000 after purchasing an additional 9,891 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in Texas Capital Bancshares by 37.5% during the fourth quarter. Victory Capital Management Inc. now owns 96,397 shares of the bank’s stock valued at $7,538,000 after purchasing an additional 26,294 shares during the last quarter. Barclays PLC increased its position in shares of Texas Capital Bancshares by 19.6% during the third quarter. Barclays PLC now owns 108,950 shares of the bank’s stock valued at $7,786,000 after buying an additional 17,863 shares during the period. Martingale Asset Management L P bought a new stake in shares of Texas Capital Bancshares during the fourth quarter valued at about $1,329,000. Finally, Proficio Capital Partners LLC bought a new stake in shares of Texas Capital Bancshares during the fourth quarter valued at about $1,688,000. 96.88% of the stock is owned by hedge funds and other institutional investors.

Texas Capital Bancshares Stock Down 0.1 %

TCBI stock opened at $68.50 on Friday. The stock’s 50 day simple moving average is $71.23 and its 200 day simple moving average is $77.78. Texas Capital Bancshares has a fifty-two week low of $56.24 and a fifty-two week high of $91.80. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market cap of $3.14 billion, a P/E ratio of 53.52, a price-to-earnings-growth ratio of 0.75 and a beta of 0.74.

Texas Capital Bancshares (NASDAQ:TCBI) last posted its quarterly earnings results on Thursday, April 17th. The bank reported $0.92 earnings per share for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.07). Texas Capital Bancshares had a return on equity of 9.14% and a net margin of 3.99%. The firm had revenue of $280.48 million for the quarter, compared to analyst estimates of $284.40 million. On average, research analysts expect 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.