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

Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) have received a consensus recommendation of “Hold” from the sixteen analysts that are currently covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $74.00.

TCBI has been the topic of several research reports. Bank of America upgraded shares of Texas Capital Bancshares from an “underperform” rating to a “buy” rating and boosted their price target for the stock from $51.00 to $77.00 in a research report on Monday, September 9th. Piper Sandler cut shares of Texas Capital Bancshares from an “overweight” rating to a “neutral” rating and boosted their price target for the stock from $77.00 to $82.00 in a research report on Friday, October 18th. Truist Financial boosted their price target on shares of Texas Capital Bancshares from $80.00 to $86.00 and gave the stock a “hold” rating in a research report on Monday, October 21st. Raymond James upgraded shares of Texas Capital Bancshares from a “market perform” rating to an “outperform” rating and set a $78.00 price target on the stock in a research report on Tuesday, September 17th. Finally, DA Davidson lifted their price target on Texas Capital Bancshares from $73.00 to $81.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th.

Insider Buying and Selling at Texas Capital Bancshares

In other news, Director Robert W. Stallings purchased 20,000 shares of the stock in a transaction that occurred on Tuesday, October 22nd. The stock was acquired at an average price of $21.28 per share, with a total value of $425,600.00. Following the purchase, the director now owns 84,587 shares in the company, valued at $1,800,011.36. This represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.53% of the company’s stock.

Institutional Investors Weigh In On Texas Capital Bancshares

Large investors have recently made changes to their positions in the company. Innealta Capital LLC acquired a new stake in Texas Capital Bancshares in the 2nd quarter worth approximately $26,000. Blue Trust Inc. lifted its holdings in Texas Capital Bancshares by 89.9% in the 3rd quarter. Blue Trust Inc. now owns 357 shares of the bank’s stock worth $26,000 after purchasing an additional 169 shares during the last quarter. Fidelis Capital Partners LLC acquired a new stake in Texas Capital Bancshares in the 1st quarter worth approximately $54,000. CWM LLC lifted its holdings in Texas Capital Bancshares by 40.8% in the 2nd quarter. CWM LLC now owns 949 shares of the bank’s stock worth $58,000 after purchasing an additional 275 shares during the last quarter. Finally, Headlands Technologies LLC lifted its holdings in Texas Capital Bancshares by 80.4% in the 1st quarter. Headlands Technologies LLC now owns 2,910 shares of the bank’s stock worth $179,000 after purchasing an additional 1,297 shares during the last quarter. Institutional investors own 96.88% of the company’s stock.

Texas Capital Bancshares Price Performance

Shares of NASDAQ TCBI opened at $76.95 on Friday. 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 firm’s 50-day simple moving average is $72.03 and its 200 day simple moving average is $64.65. Texas Capital Bancshares has a fifty-two week low of $53.16 and a fifty-two week high of $82.25. The stock has a market cap of $3.56 billion, a P/E ratio of 427.50, a P/E/G ratio of 0.75 and a beta of 1.13.

Texas Capital Bancshares Company Profile

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.