Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Receives $98.73 Consensus PT from Brokerages

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) has been given a consensus recommendation of “Hold” by the fourteen brokerages that are presently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $101.1667.

Several research firms have recently commented on TCBI. JPMorgan Chase & Co. boosted their price target on shares of Texas Capital Bancshares from $92.00 to $105.00 and gave the company an “underweight” rating in a report on Tuesday, December 16th. Keefe, Bruyette & Woods boosted their target price on Texas Capital Bancshares from $98.00 to $100.00 and gave the stock an “outperform” rating in a report on Monday, October 27th. Barclays boosted their target price on shares of Texas Capital Bancshares from $90.00 to $100.00 and gave the stock an “underweight” rating in a research report on Friday, January 23rd. TD Cowen increased their target price on Texas Capital Bancshares from $103.00 to $110.00 and gave the company a “hold” rating in a research note on Monday, January 26th. Finally, Hovde Group lifted their price target on Texas Capital Bancshares from $93.00 to $102.00 and gave the stock a “market perform” rating in a research report on Tuesday, January 27th.

Insider Buying and Selling at Texas Capital Bancshares

In other news, Director Laura L. Whitley bought 500 shares of the firm’s stock in a transaction that occurred on Monday, January 26th. The shares were acquired at an average cost of $97.51 per share, with a total value of $48,755.00. Following the completion of the transaction, the director directly owned 7,961 shares in the company, valued at $776,277.11. This represents a 6.70% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert W. Stallings purchased 2,000 shares of the stock in a transaction that occurred on Friday, January 23rd. The shares were purchased at an average price of $20.91 per share, for a total transaction of $41,820.00. Following the completion of the purchase, the director directly owned 277,913 shares of the company’s stock, valued at approximately $5,811,160.83. This trade represents a 0.72% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders bought 3,000 shares of company stock worth $139,355. 1.72% of the stock is currently owned by corporate insiders.

Institutional Trading of Texas Capital Bancshares

Several institutional investors have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Texas Capital Bancshares by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,603 shares of the bank’s stock valued at $2,062,000 after purchasing an additional 1,206 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Texas Capital Bancshares by 3.7% in the first quarter. Goldman Sachs Group Inc. now owns 560,070 shares of the bank’s stock valued at $41,837,000 after acquiring an additional 20,231 shares during the last quarter. United Services Automobile Association bought a new position in shares of Texas Capital Bancshares in the first quarter valued at approximately $230,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Texas Capital Bancshares by 29.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 107,761 shares of the bank’s stock worth $8,050,000 after acquiring an additional 24,538 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its position in Texas Capital Bancshares by 22.8% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 8,682 shares of the bank’s stock worth $745,000 after acquiring an additional 1,614 shares during the last quarter. Institutional investors and hedge funds own 96.88% of the company’s stock.

Texas Capital Bancshares Stock Performance

Shares of TCBI opened at $101.17 on Friday. The company has a 50-day moving average of $94.83 and a two-hundred day moving average of $88.39. The stock has a market cap of $4.62 billion, a price-to-earnings ratio of 14.88, a PEG ratio of 0.49 and a beta of 0.67. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.00 and a quick ratio of 1.00. Texas Capital Bancshares has a one year low of $59.37 and a one year high of $105.36.

Texas Capital Bancshares (NASDAQ:TCBI) last issued its quarterly earnings results on Thursday, January 22nd. The bank reported $2.08 EPS for the quarter, beating the consensus estimate of $1.78 by $0.30. Texas Capital Bancshares had a net margin of 16.52% and a return on equity of 10.05%. The business had revenue of $327.48 million during the quarter, compared to the consensus estimate of $324.09 million. During the same quarter in the prior year, the firm earned $1.43 EPS. On average, equities research analysts expect that Texas Capital Bancshares will post 5.84 earnings per share for the current year.

About Texas Capital Bancshares

Texas Capital Bancshares, Inc is a bank holding company headquartered in Dallas, Texas, operating through its wholly owned subsidiary, Texas Capital Bank. The company specializes in providing commercial banking services to middle-market companies, entrepreneurs, professional service firms, real estate developers, and not-for-profit organizations. Its broad range of offerings includes commercial lending, treasury and cash management, real estate finance, equipment finance, and energy lending, all designed to address the unique financial needs of businesses navigating growth and market challenges.

In addition to its core commercial banking capabilities, Texas Capital Bancshares delivers private banking and wealth management services for business owners and high-net-worth individuals.