Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Receives $74.00 Consensus Price Target from Analysts

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) has earned a consensus rating of “Hold” from the sixteen ratings firms that are covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $74.00.

Several research firms have recently commented on TCBI. Stephens lifted their price target on Texas Capital Bancshares from $73.00 to $75.00 and gave the stock an “overweight” rating in a report on Friday, July 19th. Bank of America raised shares of Texas Capital Bancshares from an “underperform” rating to a “buy” rating and increased their price target for the company from $51.00 to $77.00 in a research note on Monday, September 9th. Citigroup reiterated a “sell” rating and issued a $60.00 price objective on shares of Texas Capital Bancshares in a report on Monday, July 22nd. Royal Bank of Canada lifted their target price on Texas Capital Bancshares from $73.00 to $83.00 and gave the company a “sector perform” rating in a research report on Friday, October 18th. Finally, Barclays increased their price target on Texas Capital Bancshares from $49.00 to $60.00 and gave the stock an “underweight” rating in a report on Friday, October 18th.

Texas Capital Bancshares Price Performance

NASDAQ:TCBI opened at $77.18 on Friday. Texas Capital Bancshares has a one year low of $53.16 and a one year high of $82.25. The stock has a market cap of $3.57 billion, a PE ratio of 428.78, a P/E/G ratio of 0.73 and a beta of 1.12. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a 50 day moving average price of $72.39 and a 200 day moving average price of $65.06.

Insider Transactions at Texas Capital Bancshares

In related news, Director Robert W. Stallings bought 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 22nd. The stock was purchased at an average cost of $21.28 per share, for a total transaction of $425,600.00. Following the completion of the acquisition, the director now owns 84,587 shares in the company, valued at approximately $1,800,011.36. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.53% of the company’s stock.

Institutional Trading of Texas Capital Bancshares

A number of large investors have recently made changes to their positions in the company. First Hawaiian Bank purchased a new position in Texas Capital Bancshares in the second quarter valued at $675,000. AQR Capital Management LLC increased its holdings in shares of 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. BNP Paribas Financial Markets raised its position in shares of Texas Capital Bancshares by 73.0% during the 1st quarter. BNP Paribas Financial Markets now owns 25,489 shares of the bank’s stock worth $1,569,000 after acquiring an additional 10,752 shares in the last quarter. TD Asset Management Inc lifted its stake in Texas Capital Bancshares by 26.6% during the second quarter. TD Asset Management Inc now owns 34,278 shares of the bank’s stock worth $2,096,000 after purchasing an additional 7,200 shares during the last quarter. Finally, Hodges Capital Management Inc. boosted its holdings in Texas Capital Bancshares by 22.0% in the second quarter. Hodges Capital Management Inc. now owns 179,098 shares of the bank’s stock valued at $10,950,000 after purchasing an additional 32,248 shares in the last quarter. 96.88% of the stock is currently owned by hedge funds and other institutional investors.

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.