Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Receives Consensus Recommendation of “Hold” from Brokerages

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) has received a consensus recommendation of “Hold” from the fourteen brokerages that are currently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $101.1667.

Several brokerages have recently weighed in on TCBI. Hovde Group raised their price objective on Texas Capital Bancshares from $93.00 to $102.00 and gave the company a “market perform” rating in a report on Tuesday, January 27th. Citigroup boosted their price target on Texas Capital Bancshares from $75.00 to $88.00 and gave the stock a “sell” rating in a research report on Monday, January 26th. Raymond James Financial upped their price objective on Texas Capital Bancshares from $98.00 to $105.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 7th. Zacks Research raised shares of Texas Capital Bancshares from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 2nd. Finally, DA Davidson boosted their price objective on shares of Texas Capital Bancshares from $94.00 to $104.00 and gave the stock a “neutral” rating in a research note on Friday, January 23rd.

Texas Capital Bancshares Stock Down 7.1%

TCBI stock opened at $97.52 on Thursday. The business has a 50-day moving average of $98.27 and a 200-day moving average of $90.48. Texas Capital Bancshares has a fifty-two week low of $59.37 and a fifty-two week high of $108.92. The stock has a market capitalization of $4.31 billion, a P/E ratio of 14.34, a P/E/G ratio of 0.51 and a beta of 0.68. 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 (NASDAQ:TCBI) last issued its quarterly earnings results on Thursday, January 22nd. The bank reported $2.08 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.30. The company had revenue of $327.48 million during the quarter, compared to analysts’ expectations 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 period last year, the business earned $1.43 EPS. On average, sell-side analysts anticipate that Texas Capital Bancshares will post 5.84 earnings per share for the current fiscal year.

Insider Activity

In other Texas Capital Bancshares news, Director Robert W. Stallings purchased 2,000 shares of the company’s stock in a transaction dated Friday, January 23rd. The stock was bought at an average cost of $20.91 per share, for a total transaction of $41,820.00. Following the completion of the transaction, the director owned 277,913 shares in the company, valued at approximately $5,811,160.83. This represents a 0.72% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Laura L. Whitley acquired 500 shares of Texas Capital Bancshares stock in a transaction on Monday, January 26th. The shares were purchased at an average price of $97.51 per share, for a total transaction of $48,755.00. Following the completion of the purchase, the director directly owned 7,961 shares of the company’s stock, valued at approximately $776,277.11. This represents a 6.70% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders acquired 3,000 shares of company stock worth $139,355. Insiders own 1.72% of the company’s stock.

Institutional Investors Weigh In On Texas Capital Bancshares

A number of hedge funds have recently made changes to their positions in TCBI. Optimize Financial Inc bought a new stake in shares of Texas Capital Bancshares in the third quarter valued at approximately $441,000. Federated Hermes Inc. grew its stake in Texas Capital Bancshares by 153.7% in the 3rd quarter. Federated Hermes Inc. now owns 123,900 shares of the bank’s stock valued at $10,473,000 after buying an additional 75,061 shares in the last quarter. Thrivent Financial for Lutherans raised its holdings in Texas Capital Bancshares by 15.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 44,242 shares of the bank’s stock valued at $3,740,000 after acquiring an additional 5,867 shares during the period. CWM LLC lifted its position in shares of Texas Capital Bancshares by 145.1% during the third quarter. CWM LLC now owns 21,909 shares of the bank’s stock worth $1,852,000 after acquiring an additional 12,971 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Texas Capital Bancshares during the 3rd quarter valued at about $884,000. 96.88% of the stock is currently owned by institutional investors and hedge funds.

About Texas Capital Bancshares

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.