Texas Capital Bancshares (NASDAQ:TCBI – Get Note) saw its price target lowered by research analysts Truist Financial from $69.00 to $65.00 in a research note released to investors on Wednesday, reports The Fly. Truist Financial’s price target would suggest a potential upside of 30.55% from the stock’s previous close.
Several other research companies have also published reports on TCBI. TheStreet downgraded Texas Capital Bancshares from a “b-” rating to a “c+” rating in a Thursday, April 21 report. StockNews.com downgraded Texas Capital Bancshares from a “hold” rating to a “sell” rating in a Thursday, April 14 report. One analyst rated the stock with a sell rating, four gave the stock a hold rating and three gave the stock a buy rating. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $69.47.
Shares of Texas Capital Bancshares opened at $49.79 on Wednesday. The company has a market capitalization of $2.53 billion, a price-to-earnings ratio of 12.61, a growth price-to-earnings ratio of 1.97 and a beta of 1.59. The stock’s 50-day moving average is $53.84 and its 200-day moving average is $59.32. Texas Capital Bancshares has a one-year low of $48.85 and a one-year high of $71.60. 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 released its quarterly results on Wednesday, April 20. The bank reported EPS of $0.69 for the quarter, missing analyst consensus estimates of $0.73 per ($0.04). Texas Capital Bancshares had a net margin of 22.71% and a return on equity of 7.80%. The company posted revenue of $203.83 million in the quarter, versus a consensus estimate of $213.06 million. In the same quarter last year, the company earned earnings per share of $1.33. The company’s revenue for the quarter was down 14.8% year over year. On average, stock analysts expect Texas Capital Bancshares to post EPS of 3.23 for the current year.
In other Texas Capital Bancshares news, Director Robert W. Stallings bought 8,000 shares in a trade on Monday, April 25. The shares were purchased at an average price of $52.65 per share, with a total value of $421,200.00. Following completion of the transaction, the administrator now directly owns 44,810 shares of the company, valued at $2,359,246.50. The acquisition was disclosed in a legal filing with the SEC, accessible via this link. Additionally, manager Larry L. Helm bought 5,700 shares in a trade on 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 transaction, the director now owns 77,858 shares of the company, valued at $4,068,080.50. Disclosure of this purchase can be found here. Over the past three months, insiders have purchased 20,700 shares of the company worth $1,087,345. Insiders of the company own 0.56% of the shares of the company.
Several institutional investors have recently bought and sold shares of the company. State Street Corp increased its position in shares of Texas Capital Bancshares by 5.1% in the first quarter. State Street Corp now owns 3,268,391 shares of the bank valued at $187,311,000 after buying an additional 158,815 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Texas Capital Bancshares by 2.8% in the first quarter. Dimensional Fund Advisors LP now owns 2,582,769 shares of the bank valued at $148,023,000 after purchasing an additional 70,042 shares in the last quarter. Fuller & Thaler Asset Management Inc. increased its position in shares of Texas Capital Bancshares by 3.4% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 1,724,106 shares of the bank valued at $103,877,000 after purchasing an additional 56,069 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Texas Capital Bancshares by 1,374.9% in the fourth quarter. JPMorgan Chase & Co. now owns 1,518,217 shares of the bank valued at $91,473,000 after buying an additional 1,415,279 shares in the last quarter. Finally, Morgan Stanley increased its position in shares of Texas Capital Bancshares by 1.3% in the third quarter. Morgan Stanley now owns 1,464,697 shares of the bank valued at $87,912,000 after buying an additional 19,384 shares in the last quarter. 97.77% of the shares are currently held by institutional investors.
About Texas Capital Bancshares (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.
Receive daily news and reviews for Texas Capital Bancshares – Enter your email address below to receive a concise daily summary of breaking news and analyst notes for Texas Capital Bancshares and related companies with MarketBeat.com’s free daily email newsletter.