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

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) has been assigned an average rating of “Hold” from the sixteen analysts that are currently covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $74.75.

Several equities analysts recently weighed in on TCBI shares. StockNews.com raised Texas Capital Bancshares from a “sell” rating to a “hold” rating in a research note on Wednesday, November 6th. JPMorgan Chase & Co. dropped their price target on Texas Capital Bancshares from $86.00 to $81.00 and set an “underweight” rating for the company in a research report on Tuesday, January 7th. Piper Sandler lowered shares of Texas Capital Bancshares from an “overweight” rating to a “neutral” rating and boosted their price objective for the stock from $77.00 to $82.00 in a research report on Friday, October 18th. Wedbush restated a “sector perform” rating on shares of Texas Capital Bancshares in a report on Friday, October 18th. Finally, DA Davidson upped their price target on shares of Texas Capital Bancshares from $73.00 to $81.00 and gave the company a “neutral” rating in a report on Friday, October 25th.

Texas Capital Bancshares Stock Performance

NASDAQ:TCBI opened at $76.77 on Wednesday. The firm’s fifty day simple moving average is $82.94 and its 200-day simple moving average is $73.36. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.22. The stock has a market cap of $3.55 billion, a PE ratio of 426.50, a price-to-earnings-growth ratio of 0.80 and a beta of 1.17. Texas Capital Bancshares has a fifty-two week low of $54.68 and a fifty-two week high of $91.80.

Texas Capital Bancshares (NASDAQ:TCBI) last issued its earnings results on Thursday, October 17th. The bank reported $1.62 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.65. Texas Capital Bancshares had a net margin of 1.40% and a return on equity of 8.06%. The company had revenue of $304.91 million for the quarter, compared to analyst estimates of $279.64 million. Analysts expect that Texas Capital Bancshares will post 4.15 earnings per share for the current fiscal year.

Insider Activity

In other Texas Capital Bancshares news, Director Robert W. Stallings bought 20,000 shares of Texas Capital Bancshares stock in a transaction that occurred on Tuesday, October 22nd. The shares were purchased at an average cost of $21.28 per share, for a total transaction of $425,600.00. Following the completion of the transaction, the director now owns 84,587 shares of the company’s stock, valued at $1,800,011.36. This represents a 30.97 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.99% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Blue Trust Inc. boosted its position in shares of Texas Capital Bancshares by 89.9% in the third quarter. Blue Trust Inc. now owns 357 shares of the bank’s stock worth $26,000 after acquiring an additional 169 shares during the last quarter. Icon Wealth Advisors LLC purchased a new position in Texas Capital Bancshares during the third quarter worth approximately $31,000. Meeder Asset Management Inc. acquired a new position in shares of Texas Capital Bancshares in the 3rd quarter valued at $71,000. CWM LLC boosted its holdings in shares of Texas Capital Bancshares by 69.8% in the 3rd quarter. CWM LLC now owns 1,611 shares of the bank’s stock valued at $115,000 after purchasing an additional 662 shares during the last quarter. Finally, Crossmark Global Holdings Inc. purchased a new stake in shares of Texas Capital Bancshares during the 3rd quarter valued at $201,000. 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.