Brokerages Set Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Price Target at $104.09

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) has received an average rating of “Hold” from the thirteen brokerages that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $104.9091.

A number of equities analysts recently commented on TCBI shares. Piper Sandler lifted their price target on shares of Texas Capital Bancshares from $96.00 to $100.00 and gave the stock a “neutral” rating in a research note on Friday, April 24th. Wall Street Zen cut shares of Texas Capital Bancshares from a “hold” rating to a “sell” rating in a research report on Saturday. Zacks Research cut shares of Texas Capital Bancshares from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 30th. Citigroup raised shares of Texas Capital Bancshares from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $96.00 to $105.00 in a research report on Tuesday. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Texas Capital Bancshares from $105.00 to $100.00 and set an “underweight” rating for the company in a research report on Wednesday, April 1st.

Texas Capital Bancshares Price Performance

TCBI stock opened at $103.26 on Wednesday. Texas Capital Bancshares has a 12 month low of $75.41 and a 12 month high of $108.92. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.27. The company has a 50-day moving average price of $100.25 and a 200 day moving average price of $98.31. The stock has a market cap of $4.51 billion, a PE ratio of 13.88, a P/E/G ratio of 1.46 and a beta of 0.67.

Texas Capital Bancshares (NASDAQ:TCBI) last released its quarterly earnings results on Thursday, April 23rd. The bank reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.42 by $0.16. Texas Capital Bancshares had a net margin of 17.71% and a return on equity of 10.76%. The firm had revenue of $323.99 million during the quarter, compared to analysts’ expectations of $318.10 million. During the same period in the previous year, the company earned $0.92 EPS. The firm’s revenue for the quarter was up 15.5% compared to the same quarter last year. Equities research analysts anticipate that Texas Capital Bancshares will post 7.63 earnings per share for the current year.

Texas Capital Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Monday, June 1st. Texas Capital Bancshares’s payout ratio is 10.75%.

Insider Activity

In other Texas Capital Bancshares news, insider Anna M. Alvarado sold 3,500 shares of the business’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $100.95, for a total value of $353,325.00. Following the completion of the sale, the insider directly owned 23,810 shares of the company’s stock, valued at $2,403,619.50. The trade was a 12.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Rob C. Holmes sold 49,500 shares of the business’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $101.22, for a total transaction of $5,010,390.00. Following the completion of the sale, the chief executive officer directly owned 167,635 shares of the company’s stock, valued at approximately $16,968,014.70. This trade represents a 22.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 102,100 shares of company stock valued at $10,366,023. 1.91% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Texas Capital Bancshares

Several hedge funds have recently modified their holdings of TCBI. Danske Bank A S purchased a new stake in shares of Texas Capital Bancshares in the 3rd quarter worth approximately $25,000. Farther Finance Advisors LLC lifted its position in shares of Texas Capital Bancshares by 1,381.8% in the 4th quarter. Farther Finance Advisors LLC now owns 326 shares of the bank’s stock worth $30,000 after purchasing an additional 304 shares during the period. Root Financial Partners LLC boosted its position in Texas Capital Bancshares by 85.2% during the 1st quarter. Root Financial Partners LLC now owns 326 shares of the bank’s stock valued at $31,000 after acquiring an additional 150 shares in the last quarter. Advisory Services Network LLC bought a new stake in Texas Capital Bancshares during the 3rd quarter valued at $32,000. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its position in Texas Capital Bancshares by 169.7% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 391 shares of the bank’s stock valued at $35,000 after acquiring an additional 246 shares in the last quarter. Hedge funds and other institutional investors 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.