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

Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) have received a consensus rating of “Hold” from the fourteen analysts that are presently covering the firm, MarketBeat reports. Three 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 price objective among brokers that have covered the stock in the last year is $88.10.

A number of analysts have commented on the company. Keefe, Bruyette & Woods upped their price target on Texas Capital Bancshares from $98.00 to $100.00 and gave the stock an “outperform” rating in a research report on Monday, October 27th. DA Davidson set a $91.00 price objective on Texas Capital Bancshares in a research note on Thursday, October 23rd. Hovde Group raised their target price on shares of Texas Capital Bancshares from $85.00 to $93.00 and gave the stock a “market perform” rating in a research note on Thursday, October 23rd. Barclays lifted their price target on shares of Texas Capital Bancshares from $85.00 to $90.00 and gave the company an “underweight” rating in a report on Tuesday, November 11th. Finally, Cowen started coverage on shares of Texas Capital Bancshares in a research note on Wednesday, September 24th. They issued a “hold” rating for the company.

Insider Transactions at Texas Capital Bancshares

In other Texas Capital Bancshares news, Director Robert W. Stallings purchased 5,000 shares of the business’s stock in a transaction on Monday, October 27th. The stock was acquired at an average price of $20.68 per share, for a total transaction of $103,400.00. Following the purchase, the director owned 275,913 shares of the company’s stock, valued at approximately $5,705,880.84. This represents a 1.85% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.72% of the company’s stock.

Hedge Funds Weigh In On Texas Capital Bancshares

Hedge funds have recently made changes to their positions in the business. Hancock Whitney Corp raised its stake in Texas Capital Bancshares by 54.4% during the 3rd quarter. Hancock Whitney Corp now owns 16,865 shares of the bank’s stock valued at $1,426,000 after purchasing an additional 5,939 shares during the period. PharVision Advisers LLC bought a new position in Texas Capital Bancshares in the 3rd quarter worth approximately $378,000. Dark Forest Capital Management LP grew its holdings in Texas Capital Bancshares by 150.5% during the 3rd quarter. Dark Forest Capital Management LP now owns 110,521 shares of the bank’s stock valued at $9,342,000 after buying an additional 66,402 shares in the last quarter. Quarry LP purchased a new stake in Texas Capital Bancshares during the 3rd quarter valued at approximately $65,000. Finally, Qube Research & Technologies Ltd raised its position in shares of Texas Capital Bancshares by 79.8% during the third quarter. Qube Research & Technologies Ltd now owns 150,026 shares of the bank’s stock valued at $12,682,000 after buying an additional 66,582 shares during the last quarter. Institutional investors own 96.88% of the company’s stock.

Texas Capital Bancshares Stock Down 3.7%

TCBI opened at $82.64 on Tuesday. The firm’s 50 day simple moving average is $84.74 and its two-hundred day simple moving average is $81.91. The company has a market capitalization of $3.77 billion, a PE ratio of 13.53, a PEG ratio of 0.63 and a beta of 0.82. Texas Capital Bancshares has a 1-year low of $59.37 and a 1-year high of $94.61. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.19.

Texas Capital Bancshares (NASDAQ:TCBI) last issued its quarterly earnings data 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. Texas Capital Bancshares had a net margin of 15.14% and a return on equity of 9.51%. The firm had revenue of $340.35 million during the quarter, compared to the consensus estimate of $327.13 million. During the same quarter in the previous year, the firm posted ($1.41) EPS. The company’s revenue for the quarter was up 171.6% compared to the same quarter last year. As a group, equities analysts forecast that Texas Capital Bancshares will post 5.84 EPS for the current year.

Texas Capital Bancshares Company Profile

Texas Capital Bancshares, Inc operates as the bank holding company for Texas Capital Bank, is a full-service financial services firm that delivers customized solutions to businesses, entrepreneurs, and individual customers. The company offers commercial banking; consumer banking; investment banking solutions, including capital markets, mergers and acquisitions, and syndicated finance, as well as financial sponsor coverage, capital solutions, and institutional services; and wealth management services, such as investment management, financial planning, lockbox and insurance, securities-based lending, estate planning, and business succession, as well as philanthropic, trustee and executor, custom credit, and depository services.