Texas Capital Bancshares (NASDAQ:TCBI) PT Raised to $73.00

Texas Capital Bancshares (NASDAQ:TCBI) had its price objective lifted by equities researchers at JPMorgan Chase & Co. from $70.00 to $73.00 in a research note issued on Monday, Benzinga reports. The brokerage presently has an “underweight” rating on the bank’s stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 7.12% from the company’s previous close.

Other equities analysts have also issued reports about the company. Truist Financial upped their target price on Texas Capital Bancshares from $62.00 to $70.00 and gave the stock a “hold” rating in a research report on Monday, July 22nd. Jefferies Financial Group dropped their price target on shares of Texas Capital Bancshares from $64.00 to $61.00 and set a “hold” rating on the stock in a research report on Wednesday, July 3rd. Wedbush boosted their price objective on Texas Capital Bancshares from $62.00 to $70.00 and gave the stock a “neutral” rating in a report on Friday, July 19th. Stephens raised their target price on Texas Capital Bancshares from $73.00 to $75.00 and gave the company an “overweight” rating in a report on Friday, July 19th. Finally, Citigroup reaffirmed a “sell” rating and set a $60.00 target price on shares of Texas Capital Bancshares in a research report on Monday, July 22nd. Five research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $66.77.

Texas Capital Bancshares Stock Up 0.3 %

Shares of Texas Capital Bancshares stock opened at $68.15 on Monday. The firm has a market cap of $3.18 billion, a price-to-earnings ratio of 20.65, a PEG ratio of 3.05 and a beta of 1.13. The stock’s 50-day moving average is $64.03 and its 200 day moving average is $60.91. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.00 and a quick ratio of 0.99. Texas Capital Bancshares has a one year low of $52.89 and a one year high of $72.07.

Texas Capital Bancshares (NASDAQ:TCBI) last announced its quarterly earnings data on Thursday, July 18th. The bank reported $0.80 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.06). The company had revenue of $472.49 million for the quarter, compared to analyst estimates of $268.02 million. Texas Capital Bancshares had a return on equity of 6.05% and a net margin of 8.08%. During the same period last year, the business earned $1.33 EPS. Equities research analysts anticipate that Texas Capital Bancshares will post 3.31 EPS for the current year.

Insider Buying and Selling

In other Texas Capital Bancshares news, Director Robert W. Stallings purchased 4,000 shares of the company’s stock in a transaction that occurred on Thursday, July 25th. The shares were bought at an average cost of $20.62 per share, for a total transaction of $82,480.00. Following the purchase, the director now owns 12,794 shares of the company’s stock, valued at approximately $263,812.28. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Robert W. Stallings acquired 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 25th. The shares were bought at an average cost of $20.62 per share, for a total transaction of $82,480.00. Following the purchase, the director now owns 12,794 shares in the company, valued at approximately $263,812.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert W. Stallings acquired 14,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The shares were bought at an average cost of $19.93 per share, for a total transaction of $279,020.00. Following the acquisition, the director now directly owns 55,294 shares in the company, valued at approximately $1,102,009.42. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 43,500 shares of company stock valued at $876,400. 0.99% of the stock is owned by insiders.

Hedge Funds Weigh In On Texas Capital Bancshares

Several hedge funds have recently bought and sold shares of TCBI. Innealta Capital LLC purchased a new stake in Texas Capital Bancshares in the 2nd quarter worth approximately $26,000. CWM LLC boosted its stake in Texas Capital Bancshares by 426.6% during the first quarter. CWM LLC now owns 674 shares of the bank’s stock valued at $41,000 after buying an additional 546 shares during the period. Mather Group LLC. purchased a new position in Texas Capital Bancshares during the first quarter worth about $50,000. Fidelis Capital Partners LLC bought a new position in Texas Capital Bancshares in the 1st quarter worth about $54,000. Finally, TFO Wealth Partners LLC raised its holdings in shares of Texas Capital Bancshares by 123,750.0% in the 4th quarter. TFO Wealth Partners LLC now owns 2,477 shares of the bank’s stock valued at $160,000 after acquiring an additional 2,475 shares in the last quarter. Hedge funds and other institutional investors own 96.88% of the company’s stock.

About Texas Capital Bancshares

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.