Texas Capital Bancshares (NASDAQ:TCBI) Price Target Lowered to $87.00 at DA Davidson

Texas Capital Bancshares (NASDAQ:TCBI) had its price target decreased by DA Davidson from $90.00 to $87.00 in a research note issued to investors on Friday,Benzinga reports. DA Davidson currently has a neutral rating on the bank’s stock. DA Davidson also issued estimates for Texas Capital Bancshares’ Q1 2025 earnings at $0.90 EPS and FY2025 earnings at $6.43 EPS.

A number of other equities analysts have also recently commented on TCBI. JPMorgan Chase & Co. decreased their target price on Texas Capital Bancshares from $86.00 to $81.00 and set an “underweight” rating on the stock in a report on Tuesday, January 7th. Barclays upped their target price on shares of Texas Capital Bancshares from $60.00 to $71.00 and gave the company an “underweight” rating in a research report on Thursday, December 5th. Piper Sandler lowered shares of Texas Capital Bancshares from an “overweight” rating to a “neutral” rating and lifted their price objective for the stock from $77.00 to $82.00 in a research note on Friday, October 18th. Wedbush reiterated a “sector perform” rating on shares of Texas Capital Bancshares in a research note on Friday, October 18th. Finally, Hovde Group lifted their price objective on Texas Capital Bancshares from $73.00 to $79.00 and gave the company a “market perform” rating in a report on Friday, October 18th. Four analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $76.27.

Texas Capital Bancshares Stock Up 0.6 %

NASDAQ:TCBI opened at $77.45 on Friday. Texas Capital Bancshares has a 1-year low of $54.68 and a 1-year high of $91.80. The company has a market capitalization of $3.58 billion, a PE ratio of 430.28, a P/E/G ratio of 0.73 and a beta of 1.17. The firm’s 50-day moving average price is $81.75 and its 200-day moving average price is $74.35. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.01 and a quick ratio of 1.01.

Texas Capital Bancshares (NASDAQ:TCBI) last posted its quarterly earnings results on Thursday, January 23rd. The bank reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.36. Texas Capital Bancshares had a return on equity of 8.06% and a net margin of 1.40%. On average, equities analysts predict that Texas Capital Bancshares will post 4.08 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Hodges Capital Management Inc. increased its holdings in Texas Capital Bancshares by 32.5% in the 4th quarter. Hodges Capital Management Inc. now owns 252,973 shares of the bank’s stock valued at $19,782,000 after purchasing an additional 62,030 shares in the last quarter. SYM FINANCIAL Corp acquired a new position in Texas Capital Bancshares in the fourth quarter worth $204,000. R Squared Ltd acquired a new stake in Texas Capital Bancshares during the fourth quarter worth about $41,000. KBC Group NV boosted its position in Texas Capital Bancshares by 64.2% during the 4th quarter. KBC Group NV now owns 2,172 shares of the bank’s stock valued at $170,000 after purchasing an additional 849 shares during the period. Finally, Nisa Investment Advisors LLC grew its position in shares of Texas Capital Bancshares by 5.3% during the fourth quarter. Nisa Investment Advisors LLC now owns 8,948 shares of the bank’s stock worth $700,000 after acquiring an additional 450 shares during the last quarter. Institutional investors and hedge funds own 96.88% of the company’s stock.

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.