Texas Capital Bancshares (NASDAQ:TCBI) Downgraded by StockNews.com to Sell

StockNews.com downgraded shares of Texas Capital Bancshares (NASDAQ:TCBIFree Report) from a hold rating to a sell rating in a research note issued to investors on Thursday.

Several other equities research analysts have also issued reports on TCBI. Barclays raised their price objective on Texas Capital Bancshares from $60.00 to $71.00 and gave the company an “underweight” rating in a research note on Thursday, December 5th. DA Davidson boosted their price objective on shares of Texas Capital Bancshares from $73.00 to $81.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Hovde Group lifted their price target on shares of Texas Capital Bancshares from $73.00 to $79.00 and gave the stock a “market perform” rating in a research note on Friday, October 18th. Wedbush reissued a “sector perform” rating on shares of Texas Capital Bancshares in a research report on Friday, October 18th. Finally, Truist Financial upped their target price on Texas Capital Bancshares from $80.00 to $86.00 and gave the company a “hold” rating in a research note on Monday, October 21st. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Texas Capital Bancshares presently has an average rating of “Hold” and a consensus price target of $76.27.

Check Out Our Latest Research Report on TCBI

Texas Capital Bancshares Trading Up 0.6 %

Shares of TCBI opened at $77.45 on Thursday. Texas Capital Bancshares has a 1 year low of $54.68 and a 1 year high of $91.80. The company has a 50 day simple moving average of $81.75 and a two-hundred day simple moving average of $74.45. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market cap of $3.58 billion, a P/E ratio of 430.28, a price-to-earnings-growth ratio of 0.73 and a beta of 1.17.

Texas Capital Bancshares (NASDAQ:TCBIGet Free Report) last released its quarterly earnings results on Thursday, January 23rd. The bank reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.36. Texas Capital Bancshares had a return on equity of 8.06% and a net margin of 1.40%. On average, equities analysts expect that Texas Capital Bancshares will post 4.08 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Texas Capital Bancshares

Hedge funds have recently bought and sold shares of the stock. Algert Global LLC raised its position in shares of Texas Capital Bancshares by 367.3% in the third quarter. Algert Global LLC now owns 22,316 shares of the bank’s stock worth $1,595,000 after acquiring an additional 17,540 shares during the period. AQR Capital Management LLC increased its stake in shares of Texas Capital Bancshares by 87.0% during the second quarter. AQR Capital Management LLC now owns 1,087,715 shares of the bank’s stock worth $65,219,000 after purchasing an additional 506,094 shares in the last quarter. Jane Street Group LLC raised its position in shares of Texas Capital Bancshares by 107.2% during the 3rd quarter. Jane Street Group LLC now owns 132,672 shares of the bank’s stock worth $9,481,000 after purchasing an additional 68,632 shares during the last quarter. LMR Partners LLP acquired a new stake in Texas Capital Bancshares in the 3rd quarter worth about $740,000. Finally, Sei Investments Co. raised its holdings in shares of Texas Capital Bancshares by 8.5% during the second quarter. Sei Investments Co. now owns 152,887 shares of the bank’s stock valued at $9,347,000 after acquiring an additional 12,041 shares during the last quarter. Hedge funds and other institutional investors own 96.88% of the company’s stock.

Texas Capital Bancshares Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Texas Capital Bancshares (NASDAQ:TCBI)

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