Analysts Set Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Price Target at $64.45

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) has been given an average rating of “Reduce” by the twelve analysts that are currently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $63.13.

A number of equities analysts have issued reports on the stock. Mizuho reaffirmed a “hold” rating and set a $66.00 price objective (down from $72.00) on shares of Texas Capital Bancshares in a report on Monday, April 1st. Barclays assumed coverage on shares of Texas Capital Bancshares in a report on Friday, March 8th. They set an “underweight” rating and a $47.00 price objective on the stock. Jefferies Financial Group cut their price objective on shares of Texas Capital Bancshares from $70.00 to $61.00 and set a “hold” rating on the stock in a report on Monday, April 8th. Stephens cut their price objective on shares of Texas Capital Bancshares from $78.00 to $73.00 and set an “overweight” rating on the stock in a report on Friday. Finally, Citigroup cut their price objective on shares of Texas Capital Bancshares from $66.00 to $64.00 and set a “neutral” rating on the stock in a report on Wednesday, March 13th.

Insider Transactions at Texas Capital Bancshares

In other news, Director Thomas E. Long acquired 2,000 shares of the stock in a transaction that occurred on Tuesday, February 27th. The shares were acquired at an average cost of $58.78 per share, for a total transaction of $117,560.00. Following the purchase, the director now owns 7,542 shares of the company’s stock, valued at approximately $443,318.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Thomas E. Long acquired 2,000 shares of the stock in a transaction that occurred on Tuesday, February 27th. The shares were acquired at an average cost of $58.78 per share, for a total transaction of $117,560.00. Following the purchase, the director now owns 7,542 shares of the company’s stock, valued at approximately $443,318.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Robert W. Stallings acquired 6,000 shares of the stock in a transaction that occurred on Monday, February 5th. The stock was purchased at an average price of $18.64 per share, for a total transaction of $111,840.00. Following the completion of the purchase, the director now directly owns 146,706 shares in the company, valued at approximately $2,734,599.84. The disclosure for this purchase can be found here. Insiders have acquired 28,000 shares of company stock worth $612,850 in the last ninety days. Company insiders own 0.99% of the company’s stock.

Institutional Investors Weigh In On Texas Capital Bancshares

Hedge funds and other institutional investors have recently modified their holdings of the stock. Lazard Asset Management LLC bought a new stake in shares of Texas Capital Bancshares during the third quarter valued at about $32,000. US Bancorp DE increased its position in shares of Texas Capital Bancshares by 165.7% during the fourth quarter. US Bancorp DE now owns 667 shares of the bank’s stock valued at $43,000 after buying an additional 416 shares during the period. CWM LLC increased its position in shares of Texas Capital Bancshares by 426.6% during the first quarter. CWM LLC now owns 674 shares of the bank’s stock valued at $41,000 after buying an additional 546 shares during the period. Mather Group LLC. bought a new stake in shares of Texas Capital Bancshares during the first quarter valued at about $50,000. Finally, Atwood & Palmer Inc. bought a new stake in shares of Texas Capital Bancshares during the third quarter valued at about $47,000. 96.88% of the stock is currently owned by institutional investors.

Texas Capital Bancshares Stock Performance

NASDAQ TCBI opened at $58.68 on Monday. The company has a fifty day simple moving average of $58.89 and a 200 day simple moving average of $59.00. Texas Capital Bancshares has a 12-month low of $42.79 and a 12-month high of $66.18. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.30. The company has a market cap of $2.78 billion, a P/E ratio of 16.58, a PEG ratio of 1.97 and a beta of 1.19.

Texas Capital Bancshares (NASDAQ:TCBI) last posted its quarterly earnings data on Thursday, January 18th. The bank reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.24). The firm had revenue of $245.85 million for the quarter, compared to analysts’ expectations of $251.96 million. Texas Capital Bancshares had a return on equity of 7.28% and a net margin of 10.56%. During the same period in the prior year, the firm earned $0.87 earnings per share. Sell-side analysts predict that Texas Capital Bancshares will post 3.55 earnings per share for the current fiscal year.

About Texas Capital Bancshares

Texas Capital Bancshares, Inc operates as the bank holding company for Texas Capital Bank, is a full-service financial services firm that delivers customized solutions to businesses, entrepreneurs, and individual customers. The company offers commercial banking; consumer banking; investment banking solutions, including capital markets, mergers and acquisitions, and syndicated finance, as well as financial sponsor coverage, capital solutions, and institutional services; and wealth management services, such as investment management, financial planning, lockbox and insurance, securities-based lending, estate planning, and business succession, as well as philanthropic, trustee and executor, custom credit, and depository services.