Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Given Average Rating of “Hold” by Brokerages

Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) have been given a consensus rating of “Hold” by the sixteen ratings firms that are currently covering the stock, Marketbeat.com reports. Four equities research 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 twelve-month target price among brokers that have issued ratings on the stock in the last year is $74.00.

A number of analysts have recently commented on the company. Truist Financial boosted their price objective on Texas Capital Bancshares from $80.00 to $86.00 and gave the stock a “hold” rating in a research note on Monday, October 21st. StockNews.com upgraded shares of Texas Capital Bancshares from a “sell” rating to a “hold” rating in a report on Wednesday, November 6th. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $74.00 price target on shares of Texas Capital Bancshares in a research report on Monday, September 9th. Bank of America upgraded shares of Texas Capital Bancshares from an “underperform” rating to a “buy” rating and upped their price objective for the company from $51.00 to $77.00 in a research note on Monday, September 9th. Finally, Wedbush reissued a “sector perform” rating on shares of Texas Capital Bancshares in a research note on Friday, October 18th.

Texas Capital Bancshares Trading Up 2.2 %

NASDAQ:TCBI opened at $89.68 on Tuesday. The stock has a market cap of $4.14 billion, a price-to-earnings ratio of 498.22, a PEG ratio of 0.83 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. Texas Capital Bancshares has a 1 year low of $53.69 and a 1 year high of $91.80. The business has a fifty day moving average of $77.97 and a 200-day moving average of $67.86.

Texas Capital Bancshares (NASDAQ:TCBI) last announced its earnings results on Thursday, October 17th. The bank reported $1.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.65. Texas Capital Bancshares had a net margin of 1.40% and a return on equity of 8.06%. The firm had revenue of $304.91 million during the quarter, compared to analyst estimates of $279.64 million. Equities analysts predict that Texas Capital Bancshares will post 4.15 earnings per share for the current year.

Insider Buying and Selling at Texas Capital Bancshares

In other news, Director Robert W. Stallings acquired 20,000 shares of Texas Capital Bancshares stock in a transaction dated Tuesday, October 22nd. The stock was acquired at an average cost of $21.28 per share, for a total transaction of $425,600.00. Following the completion of the purchase, the director now owns 84,587 shares of the company’s stock, valued at $1,800,011.36. This represents a 30.97 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.53% of the company’s stock.

Institutional Investors Weigh In On Texas Capital Bancshares

A number of hedge funds have recently bought and sold shares of the company. AlphaMark Advisors LLC grew its stake in shares of Texas Capital Bancshares by 2.6% in the third quarter. AlphaMark Advisors LLC now owns 5,396 shares of the bank’s stock worth $386,000 after acquiring an additional 139 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of Texas Capital Bancshares by 89.9% during the 3rd quarter. Blue Trust Inc. now owns 357 shares of the bank’s stock worth $26,000 after purchasing an additional 169 shares in the last quarter. State of Alaska Department of Revenue increased its holdings in Texas Capital Bancshares by 3.5% in the 3rd quarter. State of Alaska Department of Revenue now owns 5,366 shares of the bank’s stock valued at $383,000 after buying an additional 180 shares during the period. Coldstream Capital Management Inc. increased its stake in Texas Capital Bancshares by 5.3% in the third quarter. Coldstream Capital Management Inc. now owns 4,309 shares of the bank’s stock valued at $309,000 after acquiring an additional 217 shares during the period. Finally, Tectonic Advisors LLC raised its position in Texas Capital Bancshares by 1.1% in the third quarter. Tectonic Advisors LLC now owns 22,818 shares of the bank’s stock worth $1,631,000 after purchasing an additional 244 shares in the last quarter. 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.