Texas capital

Texas Capital Bancshares (NASDAQ:TCBI) receives new price target of $66.00 at Stephens


Texas Capital Bancshares (NASDAQ:TCBI – Get Note) had its target price raised by Stephens stock research analysts to $66.00 in a research note released on Friday, Stock Target Advisor reports. Stephens’ price target indicates a potential upside of 15.91% from the company’s current price.

Other stock analysts have also recently released reports on the stock. StockNews.com downgraded shares of Texas Capital Bancshares from a “hold” rating to a “sell” rating in a Thursday, April 14 research note. Truist Financial cut its price target on shares of Texas Capital Bancshares from $69.00 to $65.00 and set a “buy” rating on the stock in a Wednesday, June 15 research note. Raymond James upgraded shares of Texas Capital Bancshares from an “outperform” rating to a “strong buy” rating and set a price target of $70.00 on the stock in a research note from the Thursday, July 7. TheStreet downgraded shares of Texas Capital Bancshares from a “b-” rating to a “c+” rating in a Thursday, April 21 research note. Finally, Jefferies Financial Group raised its price target on shares of Texas Capital Bancshares from $51.00 to $52.00 in a Monday, July 11 research note. Five investment analysts gave the stock a hold rating, one gave the company a buy rating and one gave the company a strong buy rating. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $64.13.

Texas Capital Banc shares trade up 2.3%

TCBI stock opened at $56.94 on Friday. The company has a debt ratio of 0.34, a quick ratio of 1.02 and a current ratio of 1.02. The company’s 50-day simple moving average is $53.51 and its 200-day simple moving average is $58.25. Texas Capital Bancshares has a 52-week low of $48.79 and a 52-week high of $71.60. The company has a market capitalization of $2.89 billion, a PE ratio of 17.63, a growth price-earnings ratio of 2.02 and a beta of 1.54.

Texas Capital Bancshares (NASDAQ:TCBI – Get Rating) last released its quarterly results on Thursday, July 21. The bank reported EPS of $0.59 for the quarter, missing the consensus estimate 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 quarter last year, the company earned earnings per share of $1.31. As a group, sell-side analysts expect Texas Capital Bancshares to post earnings per share of 3.44 for the current year.

Insider Trading at Texas Capital Bancshares

Separately, Ragusa director Elysia Holt purchased 2,000 shares of the company in a transaction dated Thursday, June 2. The shares were purchased at an average price of $55.91 per share, with a total value of $111,820.00. Following the completion of the acquisition, the director now owns 14,164 shares of the company, valued at $791,909.24. The purchase was disclosed in a document filed with the SEC, which is available via this link. Separately, director Larry L. Helm purchased 5,700 shares of the company in a transaction dated Monday, May 2. The shares were purchased at an average price of $52.25 per share, with a total value 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. The purchase was disclosed in a document filed with the SEC, which is available via this link. Additionally, Ragusa director Elysia Holt acquired 2,000 shares of the company in a transaction that took place on Thursday, June 2. The shares were acquired at an average price of $55.91 per share, with a total value of $111,820.00. Following the acquisition, the administrator now owns 14,164 shares of the company, valued at $791,909.24. Disclosure of this purchase can be found here. In the past 90 days, insiders have purchased 20,700 shares of the company worth $1,087,345. 0.56% of the shares are currently held by insiders.

Institutional entries and exits

Major investors have recently increased or reduced their stakes in the company. Quent Capital LLC increased its stake in Texas Capital Bancshares by 157.5% in Q1. Quent Capital LLC now owns 837 shares of the bank valued at $48,000 after buying an additional 512 shares in the last quarter. Exane Derivatives bought a new position in Texas Capital Bancshares in Q1 for approximately $108,000. Carl Stuart Investment Advisor Inc. bought a new position in Texas Capital Bancshares in Q1 worth approximately $115,000. Oppenheimer Asset Management Inc. bought a new position in Texas Capital Bancshares in Q1 worth approximately $210,000. Finally, Point72 Hong Kong Ltd increased its stake in Texas Capital Bancshares by 80.3% in the 1st quarter. Point72 Hong Kong Ltd now owns 3,895 shares in the bank valued at $223,000 after buying an additional 1,735 shares in the last quarter. Institutional investors hold 97.77% of the company’s shares.

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.

Read more

Stock Target Advisor logo

Analyst Recommendations for Texas Capital Bancshares (NASDAQ:TCBI)



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.