Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Receives $104.09 Average Price Target from Brokerages

Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) have been given an average recommendation of “Hold” by the thirteen brokerages that are currently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $104.0909.

TCBI has been the topic of several recent analyst reports. Piper Sandler increased their target price on shares of Texas Capital Bancshares from $96.00 to $100.00 and gave the stock a “neutral” rating in a research note on Friday, April 24th. Citigroup increased their target price on shares of Texas Capital Bancshares from $88.00 to $96.00 and gave the stock a “sell” rating in a research note on Tuesday, April 28th. Royal Bank Of Canada increased their price target 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. JPMorgan Chase & Co. decreased their price target 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, Wall Street Zen lowered shares of Texas Capital Bancshares from a “hold” rating to a “sell” rating in a report on Saturday.

Insider Buying and Selling at Texas Capital Bancshares

In related news, CEO Rob C. Holmes sold 49,500 shares of the stock in a transaction on Monday, June 8th. The shares were sold at an average price of $101.22, for a total transaction of $5,010,390.00. Following the transaction, the chief executive officer owned 167,635 shares of the company’s stock, valued at approximately $16,968,014.70. This trade represents a 22.80% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Anna M. Alvarado sold 3,500 shares of the stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $100.95, for a total transaction of $353,325.00. Following the transaction, the insider directly owned 23,810 shares in the company, valued at approximately $2,403,619.50. This represents a 12.82% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 102,100 shares of company stock worth $10,366,023. 1.91% of the stock is owned by insiders.

Hedge Funds Weigh In On Texas Capital Bancshares

Several institutional investors and hedge funds have recently made changes to their positions in the business. Danske Bank A S bought a new stake in Texas Capital Bancshares in the 3rd quarter worth $25,000. Farther Finance Advisors LLC grew its holdings in Texas Capital Bancshares by 1,381.8% in the 4th quarter. Farther Finance Advisors LLC now owns 326 shares of the bank’s stock worth $30,000 after acquiring an additional 304 shares during the last quarter. Root Financial Partners LLC grew its holdings in Texas Capital Bancshares by 85.2% in the 1st quarter. Root Financial Partners LLC now owns 326 shares of the bank’s stock worth $31,000 after acquiring an additional 150 shares during the last quarter. Advisory Services Network LLC bought a new stake in Texas Capital Bancshares in the 3rd quarter worth $32,000. Finally, Thurston Springer Miller Herd & Titak Inc. grew its holdings in Texas Capital Bancshares by 169.7% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 391 shares of the bank’s stock worth $35,000 after acquiring an additional 246 shares during the last quarter. Institutional investors own 96.88% of the company’s stock.

Texas Capital Bancshares Stock Performance

Shares of TCBI stock opened at $103.40 on Wednesday. The stock has a market capitalization of $4.52 billion, a P/E ratio of 13.90, a PEG ratio of 1.47 and a beta of 0.67. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.27. The firm’s 50 day moving average is $100.27 and its 200 day moving average is $98.17. Texas Capital Bancshares has a 12 month low of $75.41 and a 12 month high of $108.92.

Texas Capital Bancshares (NASDAQ:TCBI) last posted 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 business had revenue of $323.99 million for the quarter, compared to analysts’ expectations of $318.10 million. During the same period in the prior year, the company posted $0.92 EPS. The business’s revenue for the quarter was up 15.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Texas Capital Bancshares will post 7.63 earnings per share for the current year.

Texas Capital Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was 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%.

Texas Capital Bancshares Company Profile

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.