BidaskClub cut shares of Texas Capital Bancshares (NASDAQ:TCBI) from a hold rating to a sell rating in a report issued on Tuesday.

Several other equities research analysts also recently commented on the company. Barclays set a $87.00 target price on Texas Capital Bancshares and gave the company a hold rating in a report on Friday, October 20th. Royal Bank of Canada reaffirmed a buy rating on shares of Texas Capital Bancshares in a report on Friday, October 20th. Deutsche Bank upped their target price on Texas Capital Bancshares from $93.00 to $95.00 and gave the company a hold rating in a report on Wednesday, November 8th. Bank of America reaffirmed a buy rating and set a $100.00 target price (up from $97.00) on shares of Texas Capital Bancshares in a report on Thursday, October 19th. Finally, SunTrust Banks reissued a buy rating and set a $90.00 price target on shares of Texas Capital Bancshares in a research report on Wednesday, October 4th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $91.87.

Shares of Texas Capital Bancshares (NASDAQ TCBI) traded down $0.95 during trading on Tuesday, hitting $88.60. The stock had a trading volume of 512,000 shares, compared to its average volume of 524,509. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.22 and a current ratio of 1.27. The firm has a market capitalization of $4,444.06, a price-to-earnings ratio of 23.26, a price-to-earnings-growth ratio of 1.85 and a beta of 1.66. Texas Capital Bancshares has a twelve month low of $69.65 and a twelve month high of $95.20.

Texas Capital Bancshares (NASDAQ:TCBI) last announced its quarterly earnings data on Wednesday, October 18th. The bank reported $1.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.11 by $0.01. The business had revenue of $204.40 million during the quarter, compared to analyst estimates of $214.08 million. Texas Capital Bancshares had a return on equity of 10.40% and a net margin of 22.50%. The company’s revenue was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.87 earnings per share. equities research analysts expect that Texas Capital Bancshares will post 4.03 EPS for the current year.

In other Texas Capital Bancshares news, COO Peter B. Bartholow sold 3,500 shares of the company’s stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $87.52, for a total value of $306,320.00. Following the transaction, the chief operating officer now directly owns 34,171 shares of the company’s stock, valued at approximately $2,990,645.92. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.47% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Texas Capital Bancshares by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 4,053,255 shares of the bank’s stock worth $313,721,000 after acquiring an additional 98,473 shares during the period. State Street Corp lifted its position in shares of Texas Capital Bancshares by 14.8% in the 2nd quarter. State Street Corp now owns 3,497,607 shares of the bank’s stock worth $270,711,000 after acquiring an additional 449,797 shares during the period. Capital Research Global Investors lifted its position in shares of Texas Capital Bancshares by 26.5% in the 2nd quarter. Capital Research Global Investors now owns 2,127,895 shares of the bank’s stock worth $164,699,000 after acquiring an additional 445,248 shares during the period. American Century Companies Inc. lifted its position in shares of Texas Capital Bancshares by 37.2% in the 2nd quarter. American Century Companies Inc. now owns 1,619,357 shares of the bank’s stock worth $125,338,000 after acquiring an additional 438,887 shares during the period. Finally, Wasatch Advisors Inc. lifted its position in shares of Texas Capital Bancshares by 3.6% in the 2nd quarter. Wasatch Advisors Inc. now owns 1,438,060 shares of the bank’s stock worth $111,306,000 after acquiring an additional 50,474 shares during the period.

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About Texas Capital Bancshares

Texas Capital Bancshares, Inc is a bank holding and a financial holding company. The Company is the parent of Texas Capital Bank, National Association (the Bank). It offers a range of loan, deposit account and other financial products and services to its customers. It offers a range of products and services for its business customers, including commercial loans for general corporate purposes, including financing for working capital, internal growth, acquisitions and financing for business insurance premiums; medium- and long-term tax-exempt loans for municipalities and other governmental and tax-exempt entities; wealth management and trust services, and letters of credit.

Analyst Recommendations for Texas Capital Bancshares (NASDAQ:TCBI)

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