Texas Capital Bancshares (NASDAQ:TCBI) Price Target Raised to $85.00

Texas Capital Bancshares (NASDAQ:TCBI) had its price target raised by Wedbush from $77.00 to $85.00 in a note issued to investors on Friday, Benzinga reports. The firm currently has a “neutral” rating on the bank’s stock. Wedbush’s target price would indicate a potential upside of 7.57% from the stock’s current price. Wedbush also issued estimates for Texas Capital Bancshares’ Q4 2024 earnings at $0.98 EPS, Q3 2025 earnings at $1.50 EPS and Q4 2025 earnings at $1.58 EPS.

TCBI has been the topic of a number of other reports. Barclays raised their price target on Texas Capital Bancshares from $49.00 to $60.00 and gave the company an “underweight” rating in a report on Friday. Jefferies Financial Group lowered their price target 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. Truist Financial increased their price objective on shares of Texas Capital Bancshares from $70.00 to $80.00 and gave the company a “hold” rating in a report on Friday, September 20th. Bank of America raised shares of Texas Capital Bancshares from an “underperform” rating to a “buy” rating and boosted their target price for the stock from $51.00 to $77.00 in a report on Monday, September 9th. Finally, Piper Sandler cut shares of Texas Capital Bancshares from an “overweight” rating to a “neutral” rating and raised their target price for the company from $77.00 to $82.00 in a research note on Friday. Five analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $73.19.

Texas Capital Bancshares Stock Performance

Shares of TCBI opened at $79.02 on Friday. Texas Capital Bancshares has a one year low of $52.89 and a one year high of $82.25. The firm has a market capitalization of $3.69 billion, a P/E ratio of 23.95, a PEG ratio of 0.98 and a beta of 1.13. The business has a fifty day moving average of $69.13 and a 200 day moving average of $63.49. 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 (NASDAQ:TCBI) last announced its quarterly earnings data on Thursday, July 18th. The bank reported $0.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.06). Texas Capital Bancshares had a return on equity of 6.05% and a net margin of 8.08%. The firm had revenue of $472.49 million during the quarter, compared to analysts’ expectations of $268.02 million. During the same period last year, the company earned $1.33 earnings per share. As a group, sell-side analysts anticipate that Texas Capital Bancshares will post 3.5 EPS for the current year.

Insider Transactions at Texas Capital Bancshares

In other Texas Capital Bancshares news, Director Robert W. Stallings purchased 15,000 shares of the stock in a transaction that occurred on Friday, August 2nd. The stock was purchased at an average price of $20.00 per share, with a total value of $300,000.00. Following the acquisition, the director now owns 20,000 shares in the company, valued at approximately $400,000. The trade was a 300.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Robert W. Stallings bought 15,000 shares of the business’s stock in a transaction dated Friday, August 2nd. The shares were purchased at an average price of $20.00 per share, with a total value of $300,000.00. Following the transaction, the director now owns 20,000 shares in the company, valued at $400,000. This trade represents a 300.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Robert W. Stallings purchased 14,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The shares were bought at an average price 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 $1,102,009.42. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired a total of 43,500 shares of company stock worth $876,400 in the last three months. Insiders own 0.99% of the company’s stock.

Hedge Funds Weigh In On Texas Capital Bancshares

Several hedge funds have recently added to or reduced their stakes in TCBI. First Hawaiian Bank purchased a new position in shares of Texas Capital Bancshares during the second quarter valued at approximately $675,000. Goldman Sachs Group Inc. lifted its stake in shares of Texas Capital Bancshares by 42.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 544,408 shares of the bank’s stock worth $35,185,000 after acquiring an additional 161,643 shares during the last quarter. Hodges Capital Management Inc. boosted its holdings in Texas Capital Bancshares by 24.2% during the 1st quarter. Hodges Capital Management Inc. now owns 146,850 shares of the bank’s stock valued at $9,039,000 after acquiring an additional 28,650 shares during the period. AQR Capital Management LLC grew its position in Texas Capital Bancshares by 87.0% in the 2nd quarter. AQR Capital Management LLC now owns 1,087,715 shares of the bank’s stock valued at $65,219,000 after acquiring an additional 506,094 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its stake in Texas Capital Bancshares by 73.0% in the first quarter. BNP Paribas Financial Markets now owns 25,489 shares of the bank’s stock worth $1,569,000 after purchasing an additional 10,752 shares during the period. 96.88% of the stock is currently owned by institutional investors.

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.