Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Given Average Rating of “Hold” by Analysts

Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) have earned an average rating of “Hold” from the thirteen brokerages that are presently covering the company, MarketBeat Ratings reports. One investment analyst has 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 price objective among brokers that have issued a report on the stock in the last year is $105.8333.

A number of research analysts have weighed in on TCBI shares. Stephens dropped their price objective on shares of Texas Capital Bancshares from $116.00 to $112.00 and set an “overweight” rating on the stock in a research note on Thursday, July 23rd. Wall Street Zen raised shares of Texas Capital Bancshares from a “sell” rating to a “hold” rating in a research report on Saturday, August 29th. Barclays upgraded shares of Texas Capital Bancshares from an “underweight” rating to an “equal weight” rating and set a $100.00 target price on the stock in a report on Monday, August 3rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Texas Capital Bancshares in a research report on Monday, July 6th. Finally, Citigroup lifted their price target on Texas Capital Bancshares from $105.00 to $107.00 and gave the company a “neutral” rating in a research note on Friday, July 24th.

Texas Capital Bancshares Price Performance

Shares of NASDAQ:TCBI opened at $99.09 on Monday. The firm has a market cap of $4.31 billion, a PE ratio of 12.89, a price-to-earnings-growth ratio of 1.20 and a beta of 0.66. The firm’s fifty day moving average is $100.14 and its 200-day moving average is $99.13. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.00 and a current ratio of 1.00. Texas Capital Bancshares has a 52 week low of $75.41 and a 52 week high of $108.92.

Texas Capital Bancshares (NASDAQ:TCBI) last released its earnings results on Wednesday, July 22nd. The bank reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $0.01. Texas Capital Bancshares had a net margin of 17.90% and a return on equity of 10.86%. The business had revenue of $335.50 million for the quarter, compared to analyst estimates of $333.37 million. During the same quarter in the previous year, the business earned $1.63 earnings per share. Texas Capital Bancshares’s revenue for the quarter was up 9.1% on a year-over-year basis. Sell-side analysts predict that Texas Capital Bancshares will post 7.39 earnings per share for the current year.

Texas Capital Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, September 1st. Texas Capital Bancshares’s dividend payout ratio is presently 10.40%.

Insider Activity at Texas Capital Bancshares

In related news, insider Ellen Detrich sold 2,045 shares of the business’s stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $100.03, for a total value of $204,561.35. Following the transaction, the insider directly owned 7,529 shares of the company’s stock, valued at approximately $753,125.87. The trade was a 21.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.91% of the company’s stock.

Institutional Investors Weigh In On Texas Capital Bancshares

Large investors have recently added to or reduced their stakes in the company. Evolve Private Wealth LLC lifted its stake in shares of Texas Capital Bancshares by 1.7% during the 1st quarter. Evolve Private Wealth LLC now owns 5,987 shares of the bank’s stock valued at $568,000 after buying an additional 98 shares in the last quarter. Commonwealth Equity Services LLC raised its holdings in Texas Capital Bancshares by 2.3% during the 4th quarter. Commonwealth Equity Services LLC now owns 6,079 shares of the bank’s stock valued at $550,000 after acquiring an additional 135 shares during the period. Root Financial Partners LLC lifted its position in shares of Texas Capital Bancshares by 85.2% during the first quarter. Root Financial Partners LLC now owns 326 shares of the bank’s stock worth $31,000 after acquiring an additional 150 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Texas Capital Bancshares by 14.4% during the first quarter. EverSource Wealth Advisors LLC now owns 1,504 shares of the bank’s stock worth $143,000 after acquiring an additional 189 shares in the last quarter. Finally, Arizona State Retirement System boosted its holdings in shares of Texas Capital Bancshares by 1.8% in the second quarter. Arizona State Retirement System now owns 12,200 shares of the bank’s stock worth $1,260,000 after acquiring an additional 212 shares during the period. Hedge funds and other institutional investors own 96.88% of the company’s stock.

Texas Capital Bancshares Company Profile

Texas Capital Bancshares, Inc is the parent company of Texas Capital Bank, a full-service financial institution headquartered in Dallas, Texas. The bank provides banking, lending and financial services to businesses, entrepreneurs, professionals, high-net-worth individuals and institutional clients.

Its offerings include commercial and industrial lending, commercial real estate financing, treasury management, private banking, wealth management, investment banking and capital markets services.