Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Receives $106.17 Average Price Target from Analysts

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) has been assigned a consensus rating of “Hold” from the thirteen ratings firms that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $106.00.

Several analysts have issued reports on the company. Wall Street Zen downgraded Texas Capital Bancshares from a “hold” rating to a “sell” rating in a research note on Saturday, June 27th. Fundamental Research set a $110.00 price objective on Texas Capital Bancshares in a research report on Wednesday, July 1st. JPMorgan Chase & Co. increased their price objective on Texas Capital Bancshares from $105.00 to $110.00 and gave the stock an “underweight” rating in a report on Wednesday, July 1st. Piper Sandler lifted their target price on Texas Capital Bancshares from $96.00 to $100.00 and gave the company a “neutral” rating in a research report on Friday, April 24th. Finally, Citigroup upgraded Texas Capital Bancshares from a “sell” rating to a “neutral” rating and boosted their target price for the company from $96.00 to $105.00 in a research note on Tuesday, June 30th.

Insider Activity at Texas Capital Bancshares

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

Institutional Investors Weigh In On Texas Capital Bancshares

Hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. increased its position in Texas Capital Bancshares by 5.7% during the third quarter. JPMorgan Chase & Co. now owns 263,975 shares of the bank’s stock worth $22,314,000 after buying an additional 14,240 shares during the last quarter. Hillsdale Investment Management Inc. lifted its position in shares of Texas Capital Bancshares by 57,777.8% in the fourth quarter. Hillsdale Investment Management Inc. now owns 52,090 shares of the bank’s stock valued at $4,716,000 after buying an additional 52,000 shares during the last quarter. William Blair Investment Management LLC boosted its stake in shares of Texas Capital Bancshares by 17.2% during the 4th quarter. William Blair Investment Management LLC now owns 468,000 shares of the bank’s stock worth $42,373,000 after acquiring an additional 68,539 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of Texas Capital Bancshares by 2.2% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 847,583 shares of the bank’s stock worth $76,740,000 after acquiring an additional 18,258 shares during the period. Finally, Texas Capital Bank Wealth Management Services Inc increased its holdings in shares of Texas Capital Bancshares by 39.9% during the 4th quarter. Texas Capital Bank Wealth Management Services Inc now owns 349,089 shares of the bank’s stock worth $31,607,000 after acquiring an additional 99,482 shares during the last quarter. 96.88% of the stock is currently owned by institutional investors and hedge funds.

Texas Capital Bancshares News Roundup

Here are the key news stories impacting Texas Capital Bancshares this week:

• Positive Sentiment: Q2 earnings and revenue both topped expectations. Texas Capital reported earnings of $1.88 per share versus estimates around $1.85-$1.87, while revenue of $335.5 million also came in above forecasts. Article title: Texas Capital (TCBI) Tops Q2 Earnings and Revenue Estimates
• Positive Sentiment: Core banking trends improved. The company said higher net interest income, fee income, and balance-sheet growth helped offset expense pressure, and net income available to common stockholders rose 10% year over year to $80.6 million. Article title: TCBI Q2 Earnings Beat on NII & Fee Income Growth, Expenses Up Y/Y
• Neutral Sentiment: The bank declared a quarterly dividend. Texas Capital announced a $0.20 per-share dividend, implying a modest annualized yield of about 0.8%. This supports shareholder returns, but the payout is not large enough by itself to materially change the stock’s near-term direction. Article title: Texas Capital Bancshares stock page
• Negative Sentiment: Expenses and credit costs increased. While revenue growth was solid, management noted rising operating expenses and higher credit costs, which may be weighing on investor sentiment and limiting enthusiasm for the earnings beat. Article title: TCBI Q2 Earnings Beat on NII & Fee Income Growth, Expenses Up Y/Y

Texas Capital Bancshares Stock Down 4.1%

Shares of TCBI stock opened at $98.67 on Friday. The firm has a fifty day moving average of $101.26 and a 200-day moving average of $99.51. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.27. Texas Capital Bancshares has a 12-month low of $75.41 and a 12-month high of $108.92. The company has a market capitalization of $4.31 billion, a price-to-earnings ratio of 12.83, a P/E/G ratio of 1.48 and a beta of 0.67.

Texas Capital Bancshares (NASDAQ:TCBI) last posted its quarterly earnings data on Wednesday, July 22nd. The bank reported $1.88 EPS for the quarter, beating the consensus estimate of $1.87 by $0.01. The business had revenue of $335.50 million for the quarter, compared to analysts’ expectations of $333.37 million. Texas Capital Bancshares had a net margin of 17.90% and a return on equity of 10.88%. The firm’s revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.63 EPS. As a group, equities research analysts predict that Texas Capital Bancshares will post 7.56 earnings per share for the current fiscal year.

Texas Capital Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.8%. The ex-dividend date is Tuesday, September 1st. Texas Capital Bancshares’s dividend payout ratio is presently 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.