Brokerages Set Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Price Target at $105.83

Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) have earned an average recommendation of “Hold” from the thirteen brokerages that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, eight have given 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 $105.8333.

A number of equities research analysts have commented on TCBI shares. Citigroup raised their price target on shares of Texas Capital Bancshares from $105.00 to $107.00 and gave the stock a “neutral” rating in a report on Friday, July 24th. Fundamental Research set a $110.00 price target on shares of Texas Capital Bancshares in a research note on Wednesday, July 1st. Barclays upgraded shares of Texas Capital Bancshares from an “underweight” rating to an “equal weight” rating and set a $100.00 price objective on the stock in a report on Monday, August 3rd. Weiss Ratings reissued a “buy (b)” rating on shares of Texas Capital Bancshares in a research report on Monday, July 6th. Finally, Stephens reduced their target price on Texas Capital Bancshares from $116.00 to $112.00 and set an “overweight” rating for the company in a research note on Thursday, July 23rd.

Insider Buying and Selling at Texas Capital Bancshares

In other news, insider Ellen Detrich sold 2,045 shares of the company’s stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $100.03, for a total transaction of $204,561.35. Following the transaction, the insider directly owned 7,529 shares of the company’s stock, valued at $753,125.87. This represents a 21.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Anna M. Alvarado sold 3,500 shares of the stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $100.95, for a total value of $353,325.00. Following the completion of the transaction, the insider owned 23,810 shares in the company, valued at approximately $2,403,619.50. This represents a 12.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 104,145 shares of company stock valued at $10,570,584. Company insiders own 1.91% of the company’s stock.

Institutional Trading of Texas Capital Bancshares

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. bought a new position in shares of Texas Capital Bancshares in the second quarter valued at $578,148,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of Texas Capital Bancshares during the second quarter valued at about $75,429,000. Norges Bank bought a new stake in shares of Texas Capital Bancshares during the fourth quarter worth about $51,728,000. Bank of America Corp DE bought a new stake in shares of Texas Capital Bancshares during the second quarter worth about $47,997,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Texas Capital Bancshares in the 2nd quarter worth about $43,244,000. Institutional investors own 96.88% of the company’s stock.

Texas Capital Bancshares Price Performance

Shares of TCBI opened at $101.09 on Thursday. The firm has a market cap of $4.39 billion, a PE ratio of 13.15, a price-to-earnings-growth ratio of 1.23 and a beta of 0.68. Texas Capital Bancshares has a 52-week low of $75.41 and a 52-week high of $108.92. The business’s 50 day moving average price is $101.49 and its two-hundred day moving average price is $99.80. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.00 and a current ratio of 1.00.

Texas Capital Bancshares (NASDAQ:TCBI) last announced its quarterly earnings data on Wednesday, July 22nd. The bank reported $1.88 EPS for the quarter, topping the consensus estimate of $1.87 by $0.01. The company had revenue of $335.50 million during the quarter, compared to the consensus estimate of $333.37 million. Texas Capital Bancshares had a net margin of 17.90% and a return on equity of 10.86%. The company’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.63 EPS. On average, equities analysts anticipate that Texas Capital Bancshares will post 7.39 EPS for the current year.

Texas Capital Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be issued a $0.20 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $0.80 annualized dividend and a yield of 0.8%. Texas Capital Bancshares’s dividend payout ratio is presently 10.40%.

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.