Texas Capital Bancshares (TXSE:TXCP) Reaches New 1-Year Low – Time to Sell?

Texas Capital Bancshares, Inc. (TXSE:TXCP) hit a new 52-week low during trading on Friday. The stock traded as low as $96.74 and last traded at $99.77, with a volume of 47,951 shares trading hands. The stock had previously closed at $99.89.

Analysts Set New Price Targets

Several analysts have recently commented on TXCP shares. Royal Bank Of Canada dropped their price objective on shares of Texas Capital Bancshares from $113.00 to $110.00 and set a “sector perform” rating on the stock in a report on Thursday, October 22nd. Barclays raised their target price on shares of Texas Capital Bancshares from $100.00 to $110.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 3rd. Zacks Research upgraded shares of Texas Capital Bancshares from a “hold” rating to a “strong-buy” rating in a research report on Monday. Wall Street Zen raised shares of Texas Capital Bancshares from a “sell” rating to a “hold” rating in a report on Saturday, August 29th. Finally, Stephens lowered their price target on shares of Texas Capital Bancshares from $116.00 to $112.00 and set an “overweight” rating on the stock in a report on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $106.00.

Texas Capital Bancshares Stock Up 0.2%

The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.99 and a current ratio of 0.99. The firm has a market cap of $4.25 billion, a price-to-earnings ratio of 12.85, a PEG ratio of 1.03 and a beta of 0.63. The business’s 50 day moving average price is $96.60 and its 200 day moving average price is $98.87.

Texas Capital Bancshares (TXSE:TXCP) last posted its earnings results on Wednesday, October 21st. The bank reported $2.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.96 by $0.39. Texas Capital Bancshares had a net margin of 17.74% and a return on equity of 11.04%. The firm had revenue of $356.60 million during the quarter, compared to analysts’ expectations of $339.89 million. On average, equities analysts forecast that Texas Capital Bancshares, Inc. will post 7.72 EPS for the current year.

Texas Capital Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Tuesday, December 1st will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.8%. The ex-dividend date is Tuesday, December 1st. Texas Capital Bancshares’s dividend payout ratio (DPR) is currently 10.27%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. BlackRock Inc. purchased a new stake in shares of Texas Capital Bancshares during the 2nd quarter worth about $578,148,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in shares of Texas Capital Bancshares in the 2nd quarter valued at about $75,429,000. Bank of America Corp DE purchased a new position in shares of Texas Capital Bancshares in the 2nd quarter valued at about $47,997,000. Bank of New York Mellon Corp acquired a new position in Texas Capital Bancshares in the 2nd quarter worth about $43,244,000. Finally, Azora Capital LP acquired a new position in Texas Capital Bancshares in the 2nd quarter worth about $42,104,000. Institutional investors and hedge funds own 96.88% of the company’s stock.

About Texas Capital Bancshares

Texas Capital Bancshares, Inc. is the parent company of Texas Capital Bank, a full-service financial institution headquartered in Dallas, Texas. The bank primarily serves commercial and middle-market businesses, entrepreneurs, professionals, high-net-worth individuals and institutions. Texas Capital Bank offers commercial and private banking services, including business and personal deposit accounts, commercial and real estate lending, treasury management, wealth management and related financial solutions.