Texas capital

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Receives Average “Holding” Recommendation from Brokerages

Texas Capital Bancshares, Inc. (NASDAQ:TCBI – Get Rating) has earned an average rating of “Hold” from the ten brokerages that currently cover the company, MarketBeat Ratings reports. One analyst rated the stock with a sell rating, four gave a hold rating and four issued a buy rating on the company. The 12-month average price target among brokerages that have reported on the stock over the past year is $69.40.

A number of research analysts have weighed in on TCBI shares. StockNews.com downgraded Texas Capital Bancshares from a “hold” rating to a “sell” rating in a Thursday, April 14 report. Bank of America reaffirmed a “neutral” rating and set a target price of $69.00 on shares of Texas Capital Bancshares in a Tuesday, January 18 report. Zacks Investment Research upgraded 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. Raymond James lowered his target price on Texas Capital Bancshares from $75.00 to $70.00 and set an “outperform” rating for the company in a research report on Friday, January 21. Finally, TheStreet downgraded Texas Capital Bancshares from a “b-” rating to a “c+” rating in a Thursday, April 21 research report.

(A d)

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Shares of Texas Capital Bancshares opened at $52.69 on Monday. Texas Capital Bancshares has a 1-year low of $50.24 and a 1-year high of $71.60. The company has a market capitalization of $2.67 billion, a PE ratio of 13.34, a P/E/G ratio of 2.01 and a beta of 1.60. The stock has a fifty-day moving average price of $56.93 and a 200-day moving average price of $60.58. The company has a debt ratio of 0.33, a current ratio of 1.02 and a quick ratio of 1.02.

Texas Capital Bancshares (NASDAQ:TCBI – Get Rating) last reported quarterly earnings data on Wednesday, April 20. The bank reported earnings per share of $0.69 for the quarter, missing the consensus estimate of $0.73 per ($0.04). Texas Capital Bancshares had a return on equity of 7.80% and a net margin of 22.71%. The company posted revenue of $203.83 million in the quarter, compared to $213.06 million expected by analysts. During the same period last year, the company posted EPS of $1.33. The company’s revenue decreased by 14.8% compared to the same quarter last year. As a group, equity analysts expect Texas Capital Bancshares to post 3.2 EPS for the current fiscal year.

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

A number of hedge funds have recently bought and sold shares of the company. O Shaughnessy Asset Management LLC increased its position in Texas Capital Bancshares by 4,210.0% in the third quarter. O Shaughnessy Asset Management LLC now owns 431 shares of the bank worth $26,000 after buying 421 additional shares in the last quarter. Quent Capital LLC increased its position in Texas Capital Bancshares by 157.5% in the first quarter. Quent Capital LLC now owns 837 shares of the bank worth $48,000 after purchasing an additional 512 shares in the last quarter. Dark Forest Capital Management LP increased its position in Texas Capital Bancshares by 17.4% in the third quarter. Dark Forest Capital Management LP now owns 1,394 shares of the bank worth $84,000 after buying 207 additional shares in the last quarter. The Public Employees Retirement System of Ohio increased its position in Texas Capital Bancshares by 9.1% in the fourth quarter. The Ohio Public Employees Retirement System now owns 1,867 shares of the bank worth $112,000 after buying 156 more shares last quarter. Finally, Exane Derivatives purchased a new stake in Texas Capital Bancshares in the first quarter worth approximately $108,000. 97.77% of the shares are currently held by institutional investors.

Texas Capital Bancshares Company Profile (Get a rating)

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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