Texas Capital Bancshares (NASDAQ:TCBI – Get Free Report)‘s stock had its “outperform” rating reaffirmed by stock analysts at Keefe, Bruyette & Woods in a research note issued to investors on Wednesday,Benzinga reports. They currently have a $95.00 price objective on the bank’s stock, down from their previous price objective of $100.00. Keefe, Bruyette & Woods’ target price points to a potential upside of 19.80% from the stock’s current price.
A number of other research firms have also recently issued reports on TCBI. DA Davidson cut their target price on shares of Texas Capital Bancshares from $90.00 to $87.00 and set a “neutral” rating for the company in a research note on Friday, January 24th. Wedbush reiterated a “sector perform” rating on shares of Texas Capital Bancshares in a research report on Friday, October 18th. Barclays increased their target price on Texas Capital Bancshares from $60.00 to $71.00 and gave the stock an “underweight” rating in a report on Thursday, December 5th. JPMorgan Chase & Co. cut their price target on Texas Capital Bancshares from $81.00 to $80.00 and set an “underweight” rating for the company in a report on Friday, January 24th. Finally, Truist Financial increased their price objective on shares of Texas Capital Bancshares from $80.00 to $86.00 and gave the stock a “hold” rating in a report on Monday, October 21st. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $79.13.
View Our Latest Stock Analysis on Texas Capital Bancshares
Texas Capital Bancshares Price Performance
Texas Capital Bancshares (NASDAQ:TCBI – Get Free Report) last issued its earnings results on Thursday, January 23rd. The bank reported $1.43 EPS for the quarter, beating the consensus estimate of $1.07 by $0.36. Texas Capital Bancshares had a net margin of 1.40% and a return on equity of 8.06%. On average, sell-side analysts forecast that Texas Capital Bancshares will post 4.08 EPS for the current fiscal year.
Insider Transactions at Texas Capital Bancshares
In other Texas Capital Bancshares news, Director Robert W. Stallings purchased 5,670 shares of the stock in a transaction on Friday, January 24th. The stock was bought at an average cost of $27.60 per share, for a total transaction of $156,492.00. Following the completion of the acquisition, the director now directly owns 180,893 shares of the company’s stock, valued at $4,992,646.80. The trade was a 3.24 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have bought a total of 8,402 shares of company stock valued at $213,837 over the last three months. 0.99% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Texas Capital Bancshares
A number of large investors have recently added to or reduced their stakes in TCBI. Blue Trust Inc. grew its holdings in shares of Texas Capital Bancshares by 89.9% during the third quarter. Blue Trust Inc. now owns 357 shares of the bank’s stock worth $26,000 after buying an additional 169 shares in the last quarter. Icon Wealth Advisors LLC acquired a new position in Texas Capital Bancshares during the 3rd quarter worth approximately $31,000. R Squared Ltd bought a new position in shares of Texas Capital Bancshares during the 4th quarter worth approximately $41,000. Meeder Asset Management Inc. bought a new position in shares of Texas Capital Bancshares during the 3rd quarter worth approximately $71,000. Finally, CWM LLC raised its holdings in shares of Texas Capital Bancshares by 69.8% in the third quarter. CWM LLC now owns 1,611 shares of the bank’s stock valued at $115,000 after purchasing an additional 662 shares during the last quarter. Institutional investors own 96.88% of the company’s stock.
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.
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