Texas capital

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Receives Medium “Hold” Recommendation From Brokerages


Texas Capital Bancshares, Inc. (NASDAQ:TCBI – Get Rating) earned an average recommendation of “Hold” from the ten research firms that currently cover the company, MarketBeat.com reports. One financial analyst rated the stock with a sell recommendation, four gave the company a hold recommendation and four gave the company a buy recommendation. The 1-year average price target among brokers who have reported on the stock in the past year is $69.40.

Several equity analysts have recently commented on TCBI shares. Zacks Investment Research upgraded Texas Capital Bancshares from a “hold” rating to a “buy” rating and set a target price of $58.00 on the stock in a Wednesday, April 13 report. StockNews.com downgraded shares of Texas Capital Bancshares from a “hold” rating to a “sell” rating in a Thursday, April 14 research note. Finally, TheStreet downgraded shares of Texas Capital Bancshares from a “b-” rating to a “c+” rating in a Thursday, April 21 research note.

In other Texas Capital Bancshares news, Director Robert W. Stallings purchased 8,000 shares of the company in a trade dated Monday, April 25. The shares were acquired at an average price of $52.65 per share, for a total transaction of $421,200.00. Following the completion of the purchase, the director now owns 44,810 shares of the company, valued at $2,359,246.50. The acquisition was disclosed in a filing with the SEC, which is available via this link. Additionally, director Robert W. Stallings purchased 2,000 shares of the company in a trade dated Thursday, May 12. The shares were acquired at an average price of $50.25 per share, with a total value of $100,500.00. Following the purchase, the director now directly owns 46,810 shares of the company, valued at approximately $2,352,202.50. Disclosure of this purchase can be found here. Insiders bought 20,700 shares of the company valued at $1,087,345 during the last quarter. Insiders hold 0.56% of the shares of the company.

A number of large investors have recently changed their positions in TCBI. FMR LLC increased its position in Texas Capital Bancshares by 178,572.6% in the first quarter. FMR LLC now owns 150,085 shares of the bank valued at $8,194,000 after purchasing an additional 150,001 shares during the period. Credit Suisse AG increased its stake in Texas Capital Bancshares by 18.3% in the third quarter. Credit Suisse AG now owns 45,954 shares in the bank valued at $2,758,000 after buying an additional 7,096 shares last quarter. The Manufacturers Life Insurance Company increased its stake in Texas Capital Bancshares by 0.6% in the third quarter. The Manufacturers Life Insurance Company now owns 82,827 shares of the bank valued at $4,971,000 after buying 476 more shares last quarter. Dimensional Fund Advisors LP increased its stake in Texas Capital Bancshares by 2.3% in the third quarter. Dimensional Fund Advisors LP now owns 2,453,466 shares of the bank valued at $147,261,000 after buying an additional 56,045 shares last quarter. Finally, Dark Forest Capital Management LP increased its stake in Texas Capital Bancshares by 17.4% in the third quarter. Dark Forest Capital Management LP now owns 1,394 shares of the bank valued at $84,000 after buying 207 additional shares last quarter. Hedge funds and other institutional investors own 97.77% of the company’s shares.

Shares of Texas Capital Bancshares opened at $51.99 on Friday. Texas Capital Bancshares has a 12-month low of $50.09 and a 12-month high of $71.60. The stock’s fifty-day simple moving average is $54.22 and its 200-day simple moving average is $59.53. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt ratio of 0.33. The company has a market capitalization of $2.64 billion, a P/E ratio of 13.16, a P/E/G ratio of 2.17 and a beta of 1.59.

Texas Capital Bancshares (NASDAQ:TCBI – Get Rating) last reported 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, compared to $213.06 million expected by analysts. Texas Capital Bancshares had a net margin of 22.71% and a return on equity of 7.80%. The company’s quarterly revenue fell 14.8% from the same quarter last year. During the same period last year, the company achieved EPS of $1.33. Sell-side analysts expect Texas Capital Bancshares to post 3.23 earnings per share for the current year.

About Texas Capital Bancshares (Get an assessment)

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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