DA Davidson Cuts Texas Capital Bancshares (NASDAQ:TCBI) Price Target to $87.00

Texas Capital Bancshares (NASDAQ:TCBI) had its price objective lowered by DA Davidson from $90.00 to $87.00 in a research note released on Friday,Benzinga reports. The brokerage currently has a neutral rating on the bank’s stock. DA Davidson also issued estimates for Texas Capital Bancshares’ Q1 2025 earnings at $0.90 EPS and FY2025 earnings at $6.43 EPS.

Other research analysts have also recently issued research reports about the company. StockNews.com cut Texas Capital Bancshares from a “hold” rating to a “sell” rating in a research report on Thursday. Truist Financial raised their price objective on shares of Texas Capital Bancshares from $80.00 to $86.00 and gave the stock a “hold” rating in a report on Monday, October 21st. Wedbush reiterated a “sector perform” rating on shares of Texas Capital Bancshares in a research note on Friday, October 18th. Hovde Group raised their price target on shares of Texas Capital Bancshares from $73.00 to $79.00 and gave the stock a “market perform” rating in a research note on Friday, October 18th. Finally, JPMorgan Chase & Co. dropped their price objective on Texas Capital Bancshares from $86.00 to $81.00 and set an “underweight” rating on the stock in a research note on Tuesday, January 7th. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $76.27.

Texas Capital Bancshares Stock Performance

NASDAQ TCBI opened at $77.45 on Friday. The company has a fifty day moving average price of $81.75 and a 200-day moving average price of $74.53. The firm has a market cap of $3.58 billion, a price-to-earnings ratio of 430.28, a PEG ratio of 0.73 and a beta of 1.17. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.01 and a quick ratio of 1.01. Texas Capital Bancshares has a 1 year low of $54.68 and a 1 year high of $91.80.

Texas Capital Bancshares (NASDAQ:TCBI) last posted its quarterly earnings data on Thursday, January 23rd. The bank reported $1.43 EPS for the quarter, beating the consensus estimate of $1.07 by $0.36. Texas Capital Bancshares had a net margin of 1.40% and a return on equity of 8.06%. As a group, equities research analysts predict that Texas Capital Bancshares will post 4.08 EPS for the current fiscal year.

Institutional Investors Weigh In On Texas Capital Bancshares

A number of institutional investors and hedge funds have recently modified their holdings of TCBI. Blue Trust Inc. increased its holdings in Texas Capital Bancshares by 89.9% during the 3rd quarter. Blue Trust Inc. now owns 357 shares of the bank’s stock worth $26,000 after acquiring an additional 169 shares during the period. Icon Wealth Advisors LLC purchased a new position in shares of Texas Capital Bancshares during the 3rd quarter valued at $31,000. R Squared Ltd bought a new position in shares of Texas Capital Bancshares in the fourth quarter worth $41,000. Meeder Asset Management Inc. bought a new position in shares of Texas Capital Bancshares in the third quarter worth $71,000. Finally, CWM LLC raised its position in shares of Texas Capital Bancshares by 69.8% in the third quarter. CWM LLC now owns 1,611 shares of the bank’s stock worth $115,000 after buying an additional 662 shares in the last quarter. 96.88% of the stock is owned by hedge funds and other institutional investors.

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.