Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI – Get Rating) received a consensus recommendation of “Hold” by the ten brokerages that cover the company, reports MarketBeat Ratings. One research analyst rated the stock with a sell recommendation, three gave the company a hold recommendation, one gave the company a buy recommendation and one gave the company a strong buy recommendation. The 1-year average target price among brokers who have reported on the stock in the past year is $63.67.
Several research companies have recently published reports on TCBI. Stephens raised his price target on Texas Capital Bancshares to $66.00 in a Friday, July 22 research report. Wedbush raised its price target on Texas Capital Bancshares to $60.00 in a Monday, July 25 report. Truist Financial cut its price target on Texas Capital Bancshares from $69.00 to $65.00 and set a “buy” rating on the stock in a Wednesday, June 15 research report. StockNews.com downgraded Texas Capital Bancshares’ rating from a “hold” rating to a “sell” rating in a Saturday, July 30 research note. Finally, Raymond James upgraded Texas Capital Bancshares from an “outperform” rating to a “strong buy” rating and set a target price of $70.00 for the company in a Thursday, July 7 research note. .
Performance of Texas Capital Bancshares shares
Shares of Texas Capital Bancshares opened at $61.16 on Wednesday. The stock’s fifty-day moving average is $56.67 and its two-hundred-day moving average is $57.66. The company has a market capitalization of $3.05 billion, a PE ratio of 18.93, a growth price-earnings ratio of 2.31 and a beta of 1.53. The company has a quick ratio of 1.02, a current ratio of 1.02 and a leverage ratio of 0.34. Texas Capital Bancshares has a 52-week low of $48.79 and a 52-week high of $71.60.
Texas Capital Bancshares (NASDAQ:TCBI – Get Rating) released its quarterly results for the last time on Thursday, July 21. The bank reported EPS of $0.59 for the quarter, missing analyst consensus estimates of $0.74 per ($0.15). Texas Capital Bancshares had a net margin of 18.42% and a return on equity of 6.48%. In the same period a year earlier, the company earned earnings per share of $1.31. As a group, analysts expect Texas Capital Bancshares to post earnings per share of 3.43 for the current year.
Insider Activity at Texas Capital Bancshares
In other Texas Capital Bancshares news, Director Robert W. Stallings acquired 42,000 shares of Texas Capital Bancshares in a transaction that took place on Friday July 22nd. The shares were acquired at an average price of $56.57 per share, with a total value of $2,375,940.00. Following the purchase, the administrator now owns 111,725 shares of the company, valued at $6,320,283.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available via this hyperlink. Separately, director Robert W. Stallings bought 42,000 shares of the company in a trade on Friday, July 22. The shares were purchased at an average price of $56.57 per share, with a total value of $2,375,940.00. Following the transaction, the administrator now directly owns 111,725 shares of the company, valued at $6,320,283.25. The acquisition was disclosed in a legal filing with the SEC, accessible via the SEC’s website. Additionally, Ragusa director Elysia Holt purchased 2,000 shares of the company in a trade on Thursday, June 2. The shares were purchased at an average cost of $55.91 per share, with a total value of $111,820.00. Following the transaction, the administrator now owns 14,164 shares of the company, valued at $791,909.24. Disclosure of this purchase can be found here. Over the past 90 days, insiders have acquired 59,705 shares of the company valued at $3,336,583. Insiders own 0.56% of the shares of the company.
Institutional entries and exits
A number of large investors have recently changed their positions in the stock. Profund Advisors LLC raised its position in shares of Texas Capital Bancshares by 5.2% during the fourth quarter. Profund Advisors LLC now owns 3,934 shares of the bank valued at $237,000 after buying 196 additional shares in the last quarter. WINTON GROUP Ltd increased its stake in Texas Capital Bancshares by 1.0% in the first quarter. WINTON GROUP Ltd now owns 24,323 shares in the bank valued at $1,394,000 after acquiring an additional 234 shares during the period. Eagle Bay Advisors LLC increased its stake in Texas Capital Bancshares by 65.9% in the second quarter. Eagle Bay Advisors LLC now owns 720 shares of the bank valued at $38,000 after acquiring 286 additional shares during the period. Louisiana State Employees Retirement System increased its stake in Texas Capital Bancshares by 2.3% in the first quarter. Louisiana State Employees Retirement System now owns 13,300 shares of the bank valued at $761,000 after acquiring 300 additional shares during the period. Finally, LBJ Family Wealth Advisors Ltd. increased its stake in Texas Capital Bancshares by 1.5% in the first quarter. LBJ Family Wealth Advisors Ltd. now owns 21,516 shares of the bank valued at $1,169,000 after acquiring 312 additional shares during the period. Institutional investors and hedge funds own 97.77% of the company’s shares.
Texas Capital Bancshares Company Profile
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Texas Capital Bancshares, Inc. operates as a bank holding company for Texas Capital Bank, is a full-service financial services company that provides customized solutions to businesses, entrepreneurs and individuals. The Company offers commercial banking, retail banking, investment banking and wealth management.
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