Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Receives $63.58 Consensus Price Target from Analysts

Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) have been given an average recommendation of “Reduce” by the thirteen brokerages that are covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $63.58.

Several equities research analysts recently commented on the company. Royal Bank of Canada dropped their price objective on Texas Capital Bancshares from $68.00 to $66.00 and set a “sector perform” rating on the stock in a research report on Tuesday, April 9th. JPMorgan Chase & Co. reduced their price target on shares of Texas Capital Bancshares from $70.00 to $65.00 and set an “underweight” rating for the company in a research note on Thursday, April 4th. Raymond James downgraded shares of Texas Capital Bancshares from a “strong-buy” rating to a “market perform” rating in a research report on Thursday, April 4th. Jefferies Financial Group cut their target price on shares of Texas Capital Bancshares from $70.00 to $61.00 and set a “hold” rating for the company in a research report on Monday, April 8th. Finally, Citigroup lowered their price target on Texas Capital Bancshares from $66.00 to $64.00 and set a “neutral” rating on the stock in a report on Wednesday, March 13th.

Insider Buying and Selling

In other news, Director Robert W. Stallings purchased 3,000 shares of the stock in a transaction on Wednesday, May 22nd. The shares were acquired at an average price of $19.36 per share, with a total value of $58,080.00. Following the completion of the acquisition, the director now directly owns 169,706 shares of the company’s stock, valued at $3,285,508.16. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Texas Capital Bancshares news, Director Robert W. Stallings purchased 3,000 shares of the stock in a transaction that occurred on Wednesday, May 22nd. The shares were bought at an average cost of $19.36 per share, with a total value of $58,080.00. Following the acquisition, the director now owns 169,706 shares in the company, valued at $3,285,508.16. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert W. Stallings bought 6,000 shares of the stock in a transaction dated Monday, May 20th. The stock was bought at an average cost of $19.52 per share, for a total transaction of $117,120.00. Following the acquisition, the director now directly owns 163,706 shares of the company’s stock, valued at approximately $3,195,541.12. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 15,004 shares of company stock valued at $292,878. 1.53% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its position in Texas Capital Bancshares by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 4,888,236 shares of the bank’s stock valued at $315,927,000 after purchasing an additional 68,211 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Texas Capital Bancshares by 2.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,265,085 shares of the bank’s stock valued at $211,025,000 after buying an additional 80,311 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of Texas Capital Bancshares by 97.9% in the 4th quarter. Wellington Management Group LLP now owns 1,106,536 shares of the bank’s stock valued at $71,515,000 after acquiring an additional 547,336 shares during the last quarter. Heartland Advisors Inc. grew its position in Texas Capital Bancshares by 7.8% in the fourth quarter. Heartland Advisors Inc. now owns 819,896 shares of the bank’s stock worth $54,442,000 after acquiring an additional 59,132 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its position in Texas Capital Bancshares by 8.5% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 720,263 shares of the bank’s stock worth $46,551,000 after acquiring an additional 56,495 shares in the last quarter. 96.88% of the stock is owned by hedge funds and other institutional investors.

Texas Capital Bancshares Stock Down 0.8 %

TCBI stock opened at $60.66 on Friday. The business has a 50 day moving average of $59.45 and a 200 day moving average of $60.14. The firm has a market cap of $2.83 billion, a PE ratio of 18.38, a price-to-earnings-growth ratio of 1.54 and a beta of 1.15. Texas Capital Bancshares has a twelve month low of $50.40 and a twelve month high of $66.18. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.30.

Texas Capital Bancshares (NASDAQ:TCBI) last released its quarterly earnings data on Thursday, April 18th. The bank reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.03. Texas Capital Bancshares had a net margin of 9.66% and a return on equity of 7.05%. The business had revenue of $256.33 million during the quarter, compared to analyst estimates of $253.27 million. On average, research analysts forecast that Texas Capital Bancshares will post 3.46 EPS for the current fiscal 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.