StockNews.com upgraded shares of Texas Capital Bancshares (NASDAQ:TCBI – Free Report) from a sell rating to a hold rating in a research report released on Monday morning.
Several other research analysts have also weighed in on the stock. Raymond James upgraded shares of Texas Capital Bancshares from a “market perform” rating to an “outperform” rating and set a $78.00 price objective on the stock in a report on Tuesday, September 17th. Hovde Group lifted their price target on shares of Texas Capital Bancshares from $73.00 to $79.00 and gave the company a “market perform” rating in a report on Friday. Citigroup restated a “sell” rating and set a $60.00 price objective on shares of Texas Capital Bancshares in a report on Monday, July 22nd. Truist Financial lifted their target price on Texas Capital Bancshares from $80.00 to $86.00 and gave the company a “hold” rating in a report on Monday. Finally, Bank of America upgraded Texas Capital Bancshares from an “underperform” rating to a “buy” rating and upped their price target for the stock from $51.00 to $77.00 in a research note on Monday, September 9th. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $73.56.
View Our Latest Research Report on Texas Capital Bancshares
Texas Capital Bancshares Stock Performance
Insider Buying and Selling
In other Texas Capital Bancshares news, Director Robert W. Stallings acquired 15,000 shares of the company’s stock in a transaction on Friday, August 2nd. The shares were bought at an average cost of $20.00 per share, for a total transaction of $300,000.00. Following the acquisition, the director now directly owns 20,000 shares of the company’s stock, valued at $400,000. This trade represents a 300.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Robert W. Stallings acquired 15,000 shares of the firm’s stock in a transaction on Friday, August 2nd. The stock was bought at an average cost of $20.00 per share, with a total value of $300,000.00. Following the acquisition, the director now directly owns 20,000 shares in the company, valued at approximately $400,000. The trade was a 300.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert W. Stallings bought 4,000 shares of the business’s stock in a transaction dated Thursday, July 25th. The stock was bought at an average price of $20.62 per share, for a total transaction of $82,480.00. Following the purchase, the director now owns 12,794 shares in the company, valued at approximately $263,812.28. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 43,000 shares of company stock worth $866,100. 0.99% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the company. First Hawaiian Bank acquired a new stake in shares of Texas Capital Bancshares during the 2nd quarter valued at approximately $675,000. Hodges Capital Management Inc. lifted its holdings in shares of Texas Capital Bancshares by 24.2% in the 1st quarter. Hodges Capital Management Inc. now owns 146,850 shares of the bank’s stock worth $9,039,000 after purchasing an additional 28,650 shares during the last quarter. AQR Capital Management LLC lifted its stake in Texas Capital Bancshares by 87.0% in the second quarter. AQR Capital Management LLC now owns 1,087,715 shares of the bank’s stock valued at $65,219,000 after buying an additional 506,094 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in Texas Capital Bancshares by 73.0% during the 1st quarter. BNP Paribas Financial Markets now owns 25,489 shares of the bank’s stock valued at $1,569,000 after purchasing an additional 10,752 shares during the period. Finally, TD Asset Management Inc increased its stake in shares of Texas Capital Bancshares by 26.6% in the second quarter. TD Asset Management Inc now owns 34,278 shares of the bank’s stock valued at $2,096,000 after purchasing an additional 7,200 shares during the period. Institutional investors and hedge funds own 96.88% of the company’s stock.
About Texas Capital Bancshares
Texas Capital Bancshares, Inc operates as the bank holding company for Texas Capital Bank, is a full-service financial services firm that delivers customized solutions to businesses, entrepreneurs, and individual customers. The company offers commercial banking; consumer banking; investment banking solutions, including capital markets, mergers and acquisitions, and syndicated finance, as well as financial sponsor coverage, capital solutions, and institutional services; and wealth management services, such as investment management, financial planning, lockbox and insurance, securities-based lending, estate planning, and business succession, as well as philanthropic, trustee and executor, custom credit, and depository services.
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