Brokerages Set Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Price Target at $66.77

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) has earned an average recommendation of “Reduce” from the fifteen brokerages that are currently covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $66.77.

A number of research analysts recently weighed in on the company. Jefferies Financial Group dropped their price objective on Texas Capital Bancshares from $64.00 to $61.00 and set a “hold” rating on the stock in a report on Wednesday, July 3rd. Citigroup reaffirmed a “sell” rating and set a $60.00 price objective on shares of Texas Capital Bancshares in a research note on Monday, July 22nd. Truist Financial lifted their target price on shares of Texas Capital Bancshares from $62.00 to $70.00 and gave the stock a “hold” rating in a research note on Monday, July 22nd. Wedbush lifted their price target on Texas Capital Bancshares from $62.00 to $70.00 and gave the company a “neutral” rating in a report on Friday, July 19th. Finally, JPMorgan Chase & Co. increased their target price on Texas Capital Bancshares from $70.00 to $73.00 and gave the stock an “underweight” rating in a research report on Monday, September 9th.

Insider Buying and Selling at Texas Capital Bancshares

In related news, Director Robert W. Stallings purchased 10,000 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The stock was acquired at an average price of $20.46 per share, for a total transaction of $204,600.00. Following the completion of the purchase, the director now owns 31,294 shares in the company, valued at $640,275.24. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Texas Capital Bancshares news, Director Robert W. Stallings bought 10,000 shares of the stock in a transaction on Monday, July 29th. The stock was purchased at an average price of $20.46 per share, for a total transaction of $204,600.00. Following the completion of the purchase, the director now directly owns 31,294 shares in the company, valued at $640,275.24. The acquisition 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 acquired at an average price of $19.93 per share, for a total transaction of $279,020.00. Following the purchase, the director now owns 55,294 shares of the company’s stock, valued at $1,102,009.42. The disclosure for this purchase can be found here. Insiders bought a total of 43,500 shares of company stock valued at $876,400 in the last ninety days. Insiders own 0.99% of the company’s stock.

Institutional Investors Weigh In On Texas Capital Bancshares

Several large investors have recently added to or reduced their stakes in the stock. Innealta Capital LLC acquired a new position in shares of Texas Capital Bancshares during the second quarter worth approximately $26,000. CWM LLC boosted its stake in Texas Capital Bancshares by 426.6% during the 1st quarter. CWM LLC now owns 674 shares of the bank’s stock valued at $41,000 after purchasing an additional 546 shares in the last quarter. Mather Group LLC. acquired a new position in shares of Texas Capital Bancshares during the 1st quarter valued at $50,000. Fidelis Capital Partners LLC bought a new stake in Texas Capital Bancshares in the first 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 worth $160,000 after purchasing an additional 2,475 shares in the last quarter. 96.88% of the stock is owned by institutional investors and hedge funds.

Texas Capital Bancshares Stock Up 2.8 %

TCBI stock opened at $70.13 on Thursday. Texas Capital Bancshares has a 12 month low of $52.89 and a 12 month high of $72.07. The company has a fifty day moving average price of $64.55 and a 200 day moving average price of $61.11. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.00 and a quick ratio of 0.99. The company has a market cap of $3.24 billion, a price-to-earnings ratio of 21.25, a price-to-earnings-growth ratio of 0.97 and a beta of 1.13.

Texas Capital Bancshares (NASDAQ:TCBI) last released its earnings results on Thursday, July 18th. The bank reported $0.80 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.06). The firm had revenue of $472.49 million during 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 quarter last year, the business posted $1.33 EPS. Sell-side analysts expect that Texas Capital Bancshares will post 3.43 earnings per share for the current year.

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.