Texas capital

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Receives Average Analyst Rating of “Hold”


Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI – Get Rating) received an average rating of “Hold” by the ten brokerages that cover the company, Marketbeat reports. One equity research analyst rated the stock with a sell recommendation, four gave the company a hold recommendation and four gave the company a buy recommendation. The 12-month average target price among brokerages that have issued ratings on the stock over the past year is $69.40.

TCBI has been the subject of a number of research reports. TheStreet reduced shares of Texas Capital Bancshares from a “b-” rating to a “c+” rating in a Thursday, April 21 report. Zacks Investment Research upgraded shares of Texas Capital Bancshares from a “hold” rating to a “buy” rating and set a target price of $58.00 for the company in a Wednesday, April 13 research report. Bank of America restated a “neutral” rating and set a price target of $69.00 on shares of Texas Capital Bancshares in a Tuesday, January 18 report. Raymond James cut his price target on shares of Texas Capital Bancshares from $75.00 to $70.00 and set an “outperform” rating on the stock in a Friday, January 21 report. Finally, StockNews.com downgraded shares of Texas Capital Bancshares from a “hold” rating to a “sell” rating in a Thursday, April 14 report.

TCBI opened at $52.69 on Monday. The company has a market capitalization of $2.67 billion, a price-to-earnings ratio of 13.34, a growth price-to-earnings ratio of 2.01 and a beta of 1.60. Texas Capital Bancshares has a fifty-two week low of $50.24 and a fifty-two week high of $71.60. The company’s 50-day moving average price is $56.93 and its 200-day moving average price is $60.58. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt ratio of 0.33.

Texas Capital Bancshares (NASDAQ:TCBI – Get Rating) last announced its quarterly results on Wednesday, April 20. The bank reported EPS of $0.69 for the quarter, missing the consensus estimate of $0.73 per ($0.04). The company posted revenue of $203.83 million in the quarter, versus analyst estimates of $213.06 million. Texas Capital Bancshares had a net margin of 22.71% and a return on equity of 7.80%. Texas Capital Bancshares’ revenue for the quarter was down 14.8% from the same quarter last year. In the same quarter a year earlier, the company posted EPS of $1.33. Research analysts expect Texas Capital Bancshares to post 3.2 earnings per share for the current year.

Separately, director Larry L. Helm purchased 5,700 shares of the company in a transaction on Monday, May 2. The shares were purchased at an average cost of $52.25 per share, with a total value of $297,825.00. Following completion of the transaction, the director now owns 77,858 shares of the company, valued at approximately $4,068,080.50. The transaction was disclosed in a filing with the SEC, which is available via this link. Additionally, director Robert W. Stallings purchased 3,000 shares of the company in a trade on Thursday, April 28. The shares were purchased at an average cost of $52.00 per share, for a total transaction of $156,000.00. Following completion of the transaction, the administrator now directly owns 68,652 shares of the company, valued at approximately $3,569,904. Disclosure of this purchase can be found here. In the past 90 days, insiders have purchased 16,700 shares of the company worth $875,025. Company insiders own 0.56% of the company’s shares.

Several hedge funds have recently increased or reduced their stake in TCBI. FMR LLC increased its equity stake in Texas Capital Bancshares to 178,572.6% in Q1. FMR LLC now owns 150,085 shares of the bank valued at $8,194,000 after purchasing an additional 150,001 shares last quarter. The Swiss National Bank increased its position in Texas Capital Bancshares by 0.4% in the third quarter. The Swiss National Bank now owns 111,750 shares of the bank valued at $6,707,000 after purchasing an additional 500 shares during the period. The State Board of Administration of Florida Retirement System increased its position in Texas Capital Bancshares by 1.1% in the third quarter. The Florida Retirement System State Board of Directors now owns 18,622 shares of the bank valued at $1,118,000 after purchasing an additional 210 shares during the period. Principal Financial Group Inc. increased its position in Texas Capital Bancshares by 0.5% in the third quarter. Principal Financial Group Inc. now owns 331,228 shares of the bank valued at $19,880,000 after purchasing an additional 1,554 shares during the period. Finally, Teacher Retirement System of Texas increased its stake in Texas Capital Bancshares by 22.7% during the third quarter. Teacher Retirement System of Texas now owns 8,138 shares of the bank worth $488,000 after acquiring 1,503 additional shares in the last quarter. Institutional investors and hedge funds own 97.77% of the company’s shares.

Texas Capital Bancshares Company Profile (Get an evaluation)

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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Analyst Recommendations for Texas Capital Bancshares (NASDAQ:TCBI)



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