Texas Capital Bancshares (NASDAQ:TCBI) Stock Rating Upgraded by Barclays

Texas Capital Bancshares (NASDAQ:TCBI) was upgraded by investment analysts at Barclays from an “underweight” rating to an “equal weight” rating in a research note issued on Monday,Benzinga reports. The firm presently has a $100.00 price objective on the bank’s stock. Barclays‘s target price suggests a potential upside of 1.16% from the company’s current price.

A number of other brokerages also recently issued reports on TCBI. Fundamental Research set a $110.00 price objective on Texas Capital Bancshares in a research report on Wednesday, July 1st. JPMorgan Chase & Co. increased their price target on Texas Capital Bancshares from $105.00 to $110.00 and gave the company an “underweight” rating in a report on Wednesday, July 1st. Royal Bank Of Canada raised their price target on Texas Capital Bancshares from $110.00 to $114.00 and gave the stock a “sector perform” rating in a research report on Friday, April 24th. Wall Street Zen lowered shares of Texas Capital Bancshares from a “hold” rating to a “sell” rating in a research note on Saturday, June 27th. Finally, Stephens cut their price objective on shares of Texas Capital Bancshares from $116.00 to $112.00 and set an “overweight” rating on the stock in a research report on Thursday, July 23rd. Four analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $105.83.

Texas Capital Bancshares Price Performance

Shares of Texas Capital Bancshares stock opened at $98.85 on Monday. The stock’s 50-day simple moving average is $101.36 and its 200-day simple moving average is $99.63. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.15. Texas Capital Bancshares has a 52 week low of $75.41 and a 52 week high of $108.92. The company has a market capitalization of $4.30 billion, a price-to-earnings ratio of 12.85, a PEG ratio of 1.21 and a beta of 0.67.

Texas Capital Bancshares (NASDAQ:TCBI) last announced its quarterly earnings results on Wednesday, July 22nd. The bank reported $1.88 EPS for the quarter, topping the consensus estimate of $1.87 by $0.01. Texas Capital Bancshares had a net margin of 17.90% and a return on equity of 10.86%. The business had revenue of $335.50 million for the quarter, compared to analysts’ expectations of $333.37 million. During the same quarter in the previous year, the company earned $1.63 EPS. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. As a group, analysts expect that Texas Capital Bancshares will post 7.33 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Rob C. Holmes sold 49,500 shares of the firm’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $101.22, for a total value of $5,010,390.00. Following the transaction, the chief executive officer owned 167,635 shares of the company’s stock, valued at $16,968,014.70. This trade represents a 22.80% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Anna M. Alvarado sold 3,500 shares of Texas Capital Bancshares stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $100.95, for a total transaction of $353,325.00. Following the sale, the insider 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 104,145 shares of company stock worth $10,570,584 over the last quarter. Company insiders own 1.91% of the company’s stock.

Institutional Trading of Texas Capital Bancshares

Large investors have recently modified their holdings of the company. Danske Bank A S purchased a new position in Texas Capital Bancshares during the 3rd quarter worth $25,000. Farther Finance Advisors LLC grew its position in shares of 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 buying an additional 304 shares in the last quarter. Root Financial Partners LLC grew its position in shares of Texas Capital Bancshares by 85.2% during the 1st quarter. Root Financial Partners LLC now owns 326 shares of the bank’s stock worth $31,000 after buying an additional 150 shares in the last quarter. Advisory Services Network LLC purchased a new position in shares of Texas Capital Bancshares during the third quarter valued at $32,000. Finally, Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of Texas Capital Bancshares by 169.7% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 391 shares of the bank’s stock valued at $35,000 after buying an additional 246 shares during the period. Hedge funds and other institutional investors own 96.88% of the company’s stock.

Texas Capital Bancshares Company Profile

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.