Texas Capital Bancshares (NASDAQ:TCBI) Price Target Lowered to $100.00 at JPMorgan Chase & Co.

Texas Capital Bancshares (NASDAQ:TCBI) had its price objective dropped by research analysts at JPMorgan Chase & Co. from $105.00 to $100.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has an “underweight” rating on the bank’s stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 4.36% from the company’s current price.

TCBI has been the topic of a number of other reports. Stephens boosted their price target on Texas Capital Bancshares from $111.00 to $114.00 and gave the stock an “overweight” rating in a report on Friday, January 23rd. DA Davidson boosted their price target on shares of Texas Capital Bancshares from $94.00 to $104.00 and gave the stock a “neutral” rating in a research report on Friday, January 23rd. Citigroup increased their price objective on shares of Texas Capital Bancshares from $75.00 to $88.00 and gave the company a “sell” rating in a research report on Monday, January 26th. Piper Sandler lifted their price objective on shares of Texas Capital Bancshares from $86.00 to $96.00 and gave the stock a “neutral” rating in a research note on Friday, January 23rd. Finally, Royal Bank Of Canada boosted their target price 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, January 23rd. Four analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $100.75.

Texas Capital Bancshares Price Performance

TCBI stock traded up $0.94 during trading on Wednesday, reaching $95.82. The company’s stock had a trading volume of 407,186 shares, compared to its average volume of 488,118. Texas Capital Bancshares has a 1 year low of $59.37 and a 1 year high of $108.92. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $4.24 billion, a P/E ratio of 14.09, a price-to-earnings-growth ratio of 0.45 and a beta of 0.66. The company’s fifty day moving average is $98.00 and its 200-day moving average is $92.07.

Texas Capital Bancshares (NASDAQ:TCBI) last announced its quarterly earnings data on Thursday, January 22nd. The bank reported $2.08 EPS for the quarter, beating the consensus estimate of $1.78 by $0.30. The business had revenue of $327.48 million for the quarter, compared to the consensus estimate of $324.09 million. Texas Capital Bancshares had a return on equity of 10.05% and a net margin of 16.52%.During the same period in the previous year, the business earned $1.43 earnings per share. On average, research analysts expect that Texas Capital Bancshares will post 5.84 earnings per share for the current fiscal year.

Insider Activity at Texas Capital Bancshares

In other Texas Capital Bancshares news, Director Laura L. Whitley bought 500 shares of the business’s stock in a transaction on Monday, January 26th. The shares were acquired at an average price of $97.51 per share, with a total value of $48,755.00. Following the transaction, the director owned 7,961 shares of the company’s stock, valued at approximately $776,277.11. This trade represents a 6.70% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Robert W. Stallings acquired 20,000 shares of Texas Capital Bancshares stock in a transaction that occurred on Thursday, March 5th. The stock was acquired at an average cost of $22.69 per share, with a total value of $453,800.00. Following the purchase, the director directly owned 169,587 shares of the company’s stock, valued at $3,847,929.03. This represents a 13.37% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders have bought 49,500 shares of company stock worth $1,252,855. Insiders own 1.91% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of TCBI. GAMMA Investing LLC lifted its holdings in shares of Texas Capital Bancshares by 10.0% during the 3rd quarter. GAMMA Investing LLC now owns 1,332 shares of the bank’s stock valued at $113,000 after purchasing an additional 121 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its stake in shares of Texas Capital Bancshares by 4.5% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 2,902 shares of the bank’s stock worth $245,000 after acquiring an additional 126 shares during the period. Arizona State Retirement System raised its stake in shares of Texas Capital Bancshares by 0.9% during the 3rd quarter. Arizona State Retirement System now owns 13,575 shares of the bank’s stock valued at $1,147,000 after buying an additional 126 shares during the last quarter. Commonwealth Equity Services LLC boosted its position in Texas Capital Bancshares by 2.3% in the 4th quarter. Commonwealth Equity Services LLC now owns 6,079 shares of the bank’s stock worth $550,000 after purchasing an additional 135 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in Texas Capital Bancshares by 4.0% during the third quarter. PNC Financial Services Group Inc. now owns 3,665 shares of the bank’s stock worth $310,000 after buying an additional 142 shares in 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.