Texas Capital Bancshares (NASDAQ:TCBI) Price Target Raised to $110.00

Texas Capital Bancshares (NASDAQ:TCBI) had its price objective boosted by TD Cowen from $103.00 to $110.00 in a research report issued on Monday,Benzinga reports. The firm currently has a “hold” rating on the bank’s stock. TD Cowen’s target price points to a potential upside of 13.37% from the stock’s current price.

A number of other analysts also recently issued reports on the company. DA Davidson raised their target price on Texas Capital Bancshares from $94.00 to $104.00 and gave the stock a “neutral” rating in a research report on Friday. Royal Bank Of Canada increased their price target on shares of Texas Capital Bancshares from $105.00 to $110.00 and gave the stock a “sector perform” rating in a report on Friday. Citigroup increased their target price on Texas Capital Bancshares from $75.00 to $88.00 and gave the company a “sell” rating in a report on Monday. Hovde Group raised their price objective on shares of Texas Capital Bancshares from $85.00 to $93.00 and gave the stock a “market perform” rating in a report on Thursday, October 23rd. Finally, Raymond James Financial raised their price target on Texas Capital Bancshares from $98.00 to $105.00 and gave the company an “outperform” rating in a report on Wednesday, January 7th. Four equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $100.42.

Texas Capital Bancshares Trading Down 0.0%

Shares of NASDAQ:TCBI traded down $0.02 during mid-day trading on Monday, hitting $97.03. The company had a trading volume of 108,057 shares, compared to its average volume of 416,387. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.00 and a quick ratio of 1.00. Texas Capital Bancshares has a one year low of $59.37 and a one year high of $105.36. The firm has a fifty day moving average price of $93.38 and a 200 day moving average price of $87.96. The company has a market capitalization of $4.43 billion, a PE ratio of 14.27, a price-to-earnings-growth ratio of 0.68 and a beta of 0.67.

Texas Capital Bancshares (NASDAQ:TCBI) last posted its quarterly earnings results on Thursday, January 22nd. The bank reported $2.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.30. The business had revenue of $327.48 million during the quarter, compared to the consensus estimate of $324.09 million. Texas Capital Bancshares had a net margin of 16.52% and a return on equity of 10.05%. During the same quarter last year, the firm posted $1.43 EPS. As a group, research analysts forecast that Texas Capital Bancshares will post 5.84 EPS for the current year.

Institutional Trading of Texas Capital Bancshares

Several hedge funds and other institutional investors have recently bought and sold shares of TCBI. Farther Finance Advisors LLC grew its position in Texas Capital Bancshares by 1,381.8% in the 4th quarter. Farther Finance Advisors LLC now owns 326 shares of the bank’s stock valued at $30,000 after acquiring an additional 304 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Texas Capital Bancshares by 2.2% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 847,583 shares of the bank’s stock worth $76,740,000 after purchasing an additional 18,258 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its stake in Texas Capital Bancshares by 169.7% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 391 shares of the bank’s stock valued at $35,000 after acquiring an additional 246 shares in the last quarter. Exchange Traded Concepts LLC purchased a new stake in Texas Capital Bancshares in the fourth quarter valued at about $103,000. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in shares of Texas Capital Bancshares by 7.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 11,946 shares of the bank’s stock valued at $1,138,000 after buying an additional 825 shares during the last quarter. Hedge funds and other institutional investors own 96.88% of the company’s stock.

Texas Capital Bancshares Company Profile

Texas Capital Bancshares, Inc is a bank holding company headquartered in Dallas, Texas, operating through its wholly owned subsidiary, Texas Capital Bank. The company specializes in providing commercial banking services to middle-market companies, entrepreneurs, professional service firms, real estate developers, and not-for-profit organizations. Its broad range of offerings includes commercial lending, treasury and cash management, real estate finance, equipment finance, and energy lending, all designed to address the unique financial needs of businesses navigating growth and market challenges.

In addition to its core commercial banking capabilities, Texas Capital Bancshares delivers private banking and wealth management services for business owners and high-net-worth individuals.