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

Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) have been assigned an average recommendation of “Hold” from the thirteen ratings firms that are currently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $104.0909.

Several research analysts have recently issued reports on the stock. Piper Sandler raised their target price on shares of Texas Capital Bancshares from $96.00 to $100.00 and gave the stock a “neutral” rating in a report on Friday, April 24th. Wall Street Zen upgraded shares of Texas Capital Bancshares from a “sell” rating to a “hold” rating in a report on Sunday, May 17th. Citigroup raised their target price on shares of Texas Capital Bancshares from $88.00 to $96.00 and gave the stock a “sell” rating in a report on Tuesday, April 28th. JPMorgan Chase & Co. cut their target price on shares of Texas Capital Bancshares from $105.00 to $100.00 and set an “underweight” rating on the stock in a report on Wednesday, April 1st. Finally, Royal Bank Of Canada raised their target price on shares of Texas Capital Bancshares from $110.00 to $114.00 and gave the stock a “sector perform” rating in a report on Friday, April 24th.

Texas Capital Bancshares Trading Down 0.8%

TCBI stock opened at $98.94 on Friday. The company has a market capitalization of $4.32 billion, a PE ratio of 13.30, a price-to-earnings-growth ratio of 1.42 and a beta of 0.67. Texas Capital Bancshares has a one year low of $71.26 and a one year high of $108.92. The company’s 50 day moving average price is $99.08 and its two-hundred day moving average price is $96.78. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.01 and a current ratio of 1.01.

Texas Capital Bancshares (NASDAQ:TCBI) last issued its earnings results on Thursday, April 23rd. The bank reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.16. Texas Capital Bancshares had a net margin of 17.71% and a return on equity of 10.76%. The firm had revenue of $323.99 million for the quarter, compared to analysts’ expectations of $318.10 million. During the same quarter last year, the business earned $0.92 earnings per share. The business’s revenue was up 15.5% on a year-over-year basis. As a group, analysts predict that Texas Capital Bancshares will post 7.63 earnings per share for the current fiscal year.

Texas Capital Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be issued a $0.20 dividend. The ex-dividend date is Monday, June 1st. This represents a $0.80 annualized dividend and a dividend yield of 0.8%. Texas Capital Bancshares’s dividend payout ratio (DPR) is currently 10.75%.

Insider Activity at Texas Capital Bancshares

In other news, Director Paola M. Arbour bought 1,000 shares of the business’s stock in a transaction dated Wednesday, March 11th. The shares were purchased at an average price of $91.50 per share, for a total transaction of $91,500.00. Following the completion of the acquisition, the director owned 6,671 shares of the company’s stock, valued at approximately $610,396.50. This trade represents a 17.63% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Robert W. Stallings bought 5,500 shares of the business’s stock in a transaction dated Friday, March 6th. The stock was purchased at an average price of $22.80 per share, for a total transaction of $125,400.00. Following the acquisition, the director directly owned 175,087 shares of the company’s stock, valued at approximately $3,991,983.60. The trade was a 3.24% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 1.91% of the stock is currently owned by company insiders.

Institutional Trading of Texas Capital Bancshares

Several large investors have recently added to or reduced their stakes in TCBI. Danske Bank A S bought a new stake in Texas Capital Bancshares in the third quarter valued at $25,000. Farther Finance Advisors LLC boosted its holdings in Texas Capital Bancshares by 1,381.8% in the fourth quarter. Farther Finance Advisors LLC now owns 326 shares of the bank’s stock valued at $30,000 after acquiring an additional 304 shares in the last quarter. Root Financial Partners LLC boosted its holdings in Texas Capital Bancshares by 85.2% in the first quarter. Root Financial Partners LLC now owns 326 shares of the bank’s stock valued at $31,000 after acquiring an additional 150 shares in the last quarter. Advisory Services Network LLC bought a new stake in Texas Capital Bancshares in the third quarter valued at $32,000. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Texas Capital Bancshares by 169.7% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 391 shares of the bank’s stock valued at $35,000 after acquiring an additional 246 shares in the last quarter. Institutional investors own 96.88% of the company’s stock.

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.