Texas Capital Bancshares (NASDAQ:TCBI) Sets New 12-Month High – Should You Buy?

Texas Capital Bancshares, Inc. (NASDAQ:TCBI)’s stock price hit a new 52-week high on Thursday . The stock traded as high as $98.56 and last traded at $98.4260, with a volume of 34024 shares trading hands. The stock had previously closed at $96.64.

Wall Street Analyst Weigh In

TCBI has been the subject of several analyst reports. Hovde Group boosted their price target on shares of Texas Capital Bancshares from $85.00 to $93.00 and gave the stock a “market perform” rating in a report on Thursday, October 23rd. Keefe, Bruyette & Woods boosted their target price on shares of Texas Capital Bancshares from $98.00 to $100.00 and gave the stock an “outperform” rating in a research note on Monday, October 27th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $105.00 target price on shares of Texas Capital Bancshares in a report on Monday. Raymond James Financial lifted their price target on Texas Capital Bancshares from $98.00 to $105.00 and gave the stock an “outperform” rating in a report on Wednesday, January 7th. Finally, DA Davidson reaffirmed a “neutral” rating and set a $91.00 price objective on shares of Texas Capital Bancshares in a research report on Thursday, November 20th. Four equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, Texas Capital Bancshares currently has a consensus rating of “Hold” and an average price target of $93.09.

Texas Capital Bancshares Stock Performance

The firm has a fifty day simple moving average of $92.08 and a 200-day simple moving average of $87.43. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.19. The company has a market cap of $4.47 billion, a PE ratio of 16.04, a price-to-earnings-growth ratio of 0.70 and a beta of 0.67.

Texas Capital Bancshares (NASDAQ:TCBI) last announced its earnings results on Wednesday, October 22nd. The bank reported $2.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.77 by $0.41. The firm had revenue of $340.35 million during the quarter, compared to analysts’ expectations of $327.13 million. Texas Capital Bancshares had a return on equity of 9.51% and a net margin of 15.14%.The business’s revenue was up 171.6% on a year-over-year basis. During the same period in the prior year, the firm earned ($1.41) EPS. On average, research analysts forecast that Texas Capital Bancshares, Inc. will post 5.84 EPS for the current fiscal year.

Insider Activity

In other Texas Capital Bancshares news, Director Robert W. Stallings bought 10,000 shares of the business’s stock in a transaction dated Friday, October 24th. The shares were acquired at an average cost of $20.61 per share, with a total value of $206,100.00. Following the acquisition, the director directly owned 265,913 shares of the company’s stock, valued at $5,480,466.93. The trade was a 3.91% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.72% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of TCBI. CWM LLC increased its holdings in shares of Texas Capital Bancshares by 145.1% in the 3rd quarter. CWM LLC now owns 21,909 shares of the bank’s stock valued at $1,852,000 after purchasing an additional 12,971 shares in the last quarter. Voya Investment Management LLC grew its position in Texas Capital Bancshares by 297.9% during the third quarter. Voya Investment Management LLC now owns 49,679 shares of the bank’s stock worth $4,199,000 after buying an additional 37,195 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in Texas Capital Bancshares by 7.2% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,794 shares of the bank’s stock valued at $936,000 after buying an additional 795 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Texas Capital Bancshares by 12.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 657,626 shares of the bank’s stock valued at $52,216,000 after acquiring an additional 71,774 shares during the period. Finally, Peregrine Capital Management LLC purchased a new stake in shares of Texas Capital Bancshares during the 3rd quarter worth approximately $5,186,000. 96.88% of the stock is currently owned by institutional investors and hedge funds.

About Texas Capital Bancshares

Texas Capital Bancshares, Inc is a bank holding company headquartered in Dallas, Texas, operating through its wholly owned subsidiary, Texas Capital Bank. The company specializes in providing commercial banking services to middle-market companies, entrepreneurs, professional service firms, real estate developers, and not-for-profit organizations. Its broad range of offerings includes commercial lending, treasury and cash management, real estate finance, equipment finance, and energy lending, all designed to address the unique financial needs of businesses navigating growth and market challenges.

In addition to its core commercial banking capabilities, Texas Capital Bancshares delivers private banking and wealth management services for business owners and high-net-worth individuals.