Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Receives $79.13 Average PT from Analysts

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) has received an average rating of “Hold” from the fifteen analysts that are presently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $79.47.

TCBI has been the topic of a number of research analyst reports. DA Davidson reduced their price target on shares of Texas Capital Bancshares from $90.00 to $87.00 and set a “neutral” rating on the stock in a research note on Friday, January 24th. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $95.00 price target (down from $100.00) on shares of Texas Capital Bancshares in a research note on Wednesday, January 29th. StockNews.com upgraded shares of Texas Capital Bancshares from a “sell” rating to a “hold” rating in a report on Friday, January 31st. JPMorgan Chase & Co. dropped their price objective on shares of 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, Stephens dropped their price objective on shares of Texas Capital Bancshares from $102.00 to $97.00 and set an “overweight” rating for the company in a report on Tuesday, January 28th.

Texas Capital Bancshares Trading Up 0.4 %

TCBI opened at $74.01 on Thursday. The company’s 50 day moving average is $78.84 and its 200-day moving average is $77.81. Texas Capital Bancshares has a 1-year low of $54.68 and a 1-year high of $91.80. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.22. The company has a market cap of $3.41 billion, a P/E ratio of 57.82, a PEG ratio of 0.75 and a beta of 1.13.

Texas Capital Bancshares (NASDAQ:TCBI) last posted its quarterly earnings results on Thursday, January 23rd. The bank reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.36. Texas Capital Bancshares had a net margin of 3.99% and a return on equity of 9.14%. Equities research analysts predict that Texas Capital Bancshares will post 5.84 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Robert W. Stallings purchased 7,000 shares of the stock in a transaction on Tuesday, March 4th. The stock was purchased at an average price of $20.43 per share, for a total transaction of $143,010.00. Following the acquisition, the director now owns 49,500 shares in the company, valued at $1,011,285. This trade represents a 16.47 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders bought 29,402 shares of company stock worth $653,787. 0.99% of the stock is currently owned by insiders.

Institutional Trading of Texas Capital Bancshares

Large investors have recently modified their holdings of the stock. Picton Mahoney Asset Management acquired a new stake in shares of Texas Capital Bancshares during the 4th quarter worth approximately $30,000. Assetmark Inc. acquired a new stake in shares of Texas Capital Bancshares during the 4th quarter worth approximately $32,000. Icon Wealth Advisors LLC acquired a new stake in shares of Texas Capital Bancshares during the 3rd quarter worth approximately $31,000. Venturi Wealth Management LLC acquired a new stake in shares of Texas Capital Bancshares during the 4th quarter worth approximately $37,000. Finally, R Squared Ltd acquired a new stake in shares of Texas Capital Bancshares during the 4th quarter worth approximately $41,000. Institutional investors and hedge funds own 96.88% of the company’s stock.

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.