Texas Capital Bancshares (NASDAQ:TCBI) Sets New 1-Year High – Still a Buy?

Texas Capital Bancshares, Inc. (NASDAQ:TCBI)’s share price reached a new 52-week high on Tuesday . The company traded as high as $105.99 and last traded at $104.19, with a volume of 77848 shares. The stock had previously closed at $102.48.

Analyst Ratings Changes

TCBI has been the topic of a number of recent research reports. DA Davidson raised their price objective on Texas Capital Bancshares from $94.00 to $104.00 and gave the company a “neutral” rating in a research report on Friday, January 23rd. JPMorgan Chase & Co. increased their target price on shares of Texas Capital Bancshares from $92.00 to $105.00 and gave the company an “underweight” rating in a research report on Tuesday, December 16th. Zacks Research cut Texas Capital Bancshares from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 9th. Piper Sandler increased their price objective on shares of Texas Capital Bancshares from $86.00 to $96.00 and gave the company a “neutral” rating in a research report on Friday, January 23rd. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Texas Capital Bancshares in a report on Wednesday, January 28th. Four analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $101.17.

Texas Capital Bancshares Stock Up 2.0%

The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.19. The company has a market cap of $4.77 billion, a PE ratio of 15.42, a P/E/G ratio of 0.49 and a beta of 0.67. The business has a 50-day simple moving average of $95.11 and a 200-day simple moving average of $88.50.

Texas Capital Bancshares (NASDAQ:TCBI) last issued its earnings results on Thursday, January 22nd. The bank reported $2.08 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.30. The business had revenue of $327.48 million for the quarter, compared to analysts’ expectations of $324.09 million. Texas Capital Bancshares had a return on equity of 10.05% and a net margin of 16.52%.During the same period in the previous year, the firm posted $1.43 EPS. Equities research analysts anticipate that Texas Capital Bancshares, Inc. will post 5.84 EPS for the current year.

Insider Activity at Texas Capital Bancshares

In related news, Director Laura L. Whitley acquired 500 shares of Texas Capital Bancshares stock in a transaction dated Monday, January 26th. The shares were acquired at an average cost of $97.51 per share, for a total transaction of $48,755.00. Following the completion of the purchase, the director owned 7,961 shares in the company, valued at approximately $776,277.11. The trade was a 6.70% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert W. Stallings acquired 2,000 shares of the firm’s stock in a transaction dated Friday, January 23rd. The stock was bought at an average price of $20.91 per share, with a total value of $41,820.00. Following the purchase, the director directly owned 277,913 shares in the company, valued at approximately $5,811,160.83. This trade represents a 0.72% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders bought 3,000 shares of company stock valued at $139,355. Insiders own 1.72% of the company’s stock.

Institutional Trading of Texas Capital Bancshares

A number of hedge funds and other institutional investors have recently made changes to their positions in TCBI. Danske Bank A S acquired a new position in Texas Capital Bancshares in the third quarter valued at $25,000. Farther Finance Advisors LLC lifted its position in Texas Capital Bancshares by 1,381.8% during the 4th quarter. Farther Finance Advisors LLC now owns 326 shares of the bank’s stock worth $30,000 after acquiring an additional 304 shares during the period. Advisory Services Network LLC purchased a new position in shares of Texas Capital Bancshares in the 3rd quarter valued at approximately $32,000. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of Texas Capital Bancshares by 169.7% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 391 shares of the bank’s stock valued at $35,000 after purchasing an additional 246 shares during the period. Finally, Torren Management LLC purchased a new stake in shares of Texas Capital Bancshares during the fourth quarter worth approximately $40,000. Institutional investors and hedge funds own 96.88% of the company’s stock.

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.