Texas Capital Bancshares (NASDAQ:TCBI) Price Target Raised to $104.00

Texas Capital Bancshares (NASDAQ:TCBI) had its price target lifted by TD Cowen from $100.00 to $104.00 in a research note released on Friday, MarketBeat Ratings reports. They currently have a hold rating on the bank’s stock.

Other equities analysts have also issued reports about the stock. DA Davidson set a $105.00 price objective on shares of Texas Capital Bancshares in a research report on Thursday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Texas Capital Bancshares in a report on Friday, October 2nd. Royal Bank Of Canada decreased their target price on shares of Texas Capital Bancshares from $113.00 to $110.00 and set a “sector perform” rating on the stock in a report on Thursday. Wall Street Zen upgraded shares of Texas Capital Bancshares from a “sell” rating to a “hold” rating in a research note on Saturday, August 29th. Finally, Citigroup cut their price target on shares of Texas Capital Bancshares from $107.00 to $104.00 and set a “neutral” rating for the company in a report on Tuesday, September 22nd. Four investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $104.67.

Texas Capital Bancshares Stock Performance

Shares of TCBI opened at $101.99 on Friday. Texas Capital Bancshares has a 52-week low of $81.26 and a 52-week high of $108.92. The stock’s 50-day simple moving average is $95.49 and its 200 day simple moving average is $98.99. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.99 and a current ratio of 0.99. The stock has a market capitalization of $4.33 billion, a price-to-earnings ratio of 13.09, a price-to-earnings-growth ratio of 1.04 and a beta of 0.63.

Texas Capital Bancshares (NASDAQ:TCBI) last posted its earnings results on Wednesday, October 21st. The bank reported $2.35 earnings per share for the quarter, beating analysts’ consensus estimates of $1.96 by $0.39. Texas Capital Bancshares had a return on equity of 11.04% and a net margin of 17.74%. The business had revenue of $356.60 million during the quarter, compared to analyst estimates of $339.89 million. Research analysts forecast that Texas Capital Bancshares will post 7.65 EPS for the current fiscal year.

Texas Capital Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Tuesday, December 1st will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a $0.80 annualized dividend and a dividend yield of 0.8%. Texas Capital Bancshares’s payout ratio is presently 10.27%.

Hedge Funds Weigh In On Texas Capital Bancshares

Institutional investors have recently made changes to their positions in the stock. Evergreen Capital Management LLC raised its position in Texas Capital Bancshares by 5.9% in the 3rd quarter. Evergreen Capital Management LLC now owns 7,372 shares of the bank’s stock worth $686,000 after purchasing an additional 408 shares during the period. Tectonic Advisors LLC boosted its position in Texas Capital Bancshares by 15.7% during the third quarter. Tectonic Advisors LLC now owns 24,559 shares of the bank’s stock valued at $2,285,000 after buying an additional 3,329 shares during the period. Sterling Capital Management LLC boosted its position in Texas Capital Bancshares by 19.5% during the third quarter. Sterling Capital Management LLC now owns 937 shares of the bank’s stock valued at $87,000 after buying an additional 153 shares during the period. Inspire Investing LLC boosted its position in Texas Capital Bancshares by 4.4% during the third quarter. Inspire Investing LLC now owns 6,849 shares of the bank’s stock valued at $637,000 after buying an additional 290 shares during the period. Finally, Root Financial Partners LLC bought a new position in shares of Texas Capital Bancshares during the third quarter valued at about $26,000. Institutional investors own 96.88% of the company’s stock.

Trending Headlines about Texas Capital Bancshares

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

• Positive Sentiment: Record quarterly revenue and an earnings beat reinforce the growth case for Texas Capital, with lending and fee-generating businesses both contributing. The company also reported a 10.92% return on equity and a 17.74% net margin. Texas Capital Hits Record Revenues in Q3
• Positive Sentiment: Management’s earnings-call update highlighted record earnings momentum, while the company maintained its quarterly cash dividend of $0.20 per share, equivalent to an annualized $0.80 payout and an approximately 0.8% yield. Texas Capital Bancshares Delivers Record Earnings Momentum
• Neutral Sentiment: Analyst sentiment remains balanced. TD Cowen raised its price target to $104 but kept a Hold rating, while RBC lowered its target to $110 and maintained Sector Perform, suggesting modest additional upside but limited conviction. TD Cowen price target
• Negative Sentiment: Investors may be monitoring costs closely: Texas Capital forecast fourth-quarter non-interest expense of $205 million to $210 million against expected non-interest income of $70 million to $75 million. Higher expenses could moderate the benefit of continued revenue growth. Texas Capital fourth-quarter expense forecast

About Texas Capital Bancshares

Texas Capital Bancshares, Inc is the parent company of Texas Capital Bank, a full-service financial institution headquartered in Dallas, Texas. The bank primarily serves commercial and middle-market businesses, entrepreneurs, professionals, high-net-worth individuals and institutions.

Texas Capital Bank offers commercial and private banking services, including business and personal deposit accounts, commercial and real estate lending, treasury management, wealth management and related financial solutions.