Brokerages Set Texas Capital Bancshares, Inc. (NASDAQ:TCBI) PT at $79.13

Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) have been assigned a consensus recommendation of “Hold” from the fifteen research firms that are covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $79.13.

Several brokerages have recently weighed in on TCBI. Truist Financial raised their price target on Texas Capital Bancshares from $80.00 to $86.00 and gave the company a “hold” rating in a report on Monday, October 21st. JPMorgan Chase & Co. cut their price target on shares of Texas Capital Bancshares from $81.00 to $80.00 and set an “underweight” rating on the stock in a report on Friday, January 24th. StockNews.com raised Texas Capital Bancshares from a “sell” rating to a “hold” rating in a research report on Friday, January 31st. Barclays lifted their price objective on Texas Capital Bancshares from $60.00 to $71.00 and gave the stock an “underweight” rating in a report on Thursday, December 5th. Finally, Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $95.00 target price (down previously from $100.00) on shares of Texas Capital Bancshares in a research report on Wednesday, January 29th.

Insider Buying and Selling at Texas Capital Bancshares

In other Texas Capital Bancshares news, Director Robert W. Stallings bought 2,006 shares of the business’s stock in a transaction that occurred on Monday, January 27th. The stock was purchased at an average cost of $20.99 per share, with a total value of $42,105.94. Following the completion of the acquisition, the director now owns 182,899 shares in the company, valued at $3,839,050.01. This trade represents a 1.11 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders purchased a total of 22,402 shares of company stock valued at $510,777 in the last three months. 0.99% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Texas Capital Bancshares

A number of institutional investors and hedge funds have recently made changes to their positions in TCBI. Norges Bank bought a new stake in shares of Texas Capital Bancshares in the 4th quarter valued at approximately $42,050,000. Wellington Management Group LLP raised its stake in shares of Texas Capital Bancshares by 15.4% in the third quarter. Wellington Management Group LLP now owns 1,123,221 shares of the bank’s stock valued at $80,265,000 after acquiring an additional 150,301 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of Texas Capital Bancshares by 22.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 744,833 shares of the bank’s stock worth $58,246,000 after acquiring an additional 138,734 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Texas Capital Bancshares by 75.5% during the 4th quarter. JPMorgan Chase & Co. now owns 317,292 shares of the bank’s stock worth $24,812,000 after purchasing an additional 136,507 shares during the period. Finally, Jupiter Asset Management Ltd. bought a new position in Texas Capital Bancshares during the 4th quarter valued at about $8,080,000. 96.88% of the stock is owned by hedge funds and other institutional investors.

Texas Capital Bancshares Stock Performance

Shares of TCBI stock opened at $81.02 on Friday. The company’s fifty day moving average price is $79.67 and its 200-day moving average price is $75.94. The stock has a market cap of $3.74 billion, a PE ratio of 63.30, a price-to-earnings-growth ratio of 0.78 and a beta of 1.16. The company has a current ratio of 1.00, a quick ratio of 1.01 and a debt-to-equity ratio of 0.22. Texas Capital Bancshares has a 12 month low of $54.68 and a 12 month high of $91.80.

Texas Capital Bancshares (NASDAQ:TCBI) last posted its quarterly earnings data on Thursday, January 23rd. The bank reported $1.43 EPS for the quarter, topping the consensus estimate of $1.07 by $0.36. Texas Capital Bancshares had a net margin of 3.99% and a return on equity of 9.14%. On average, equities analysts expect that Texas Capital Bancshares will post 5.8 EPS 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.