Brokerages Set Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Price Target at $87.60

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) has been given a consensus recommendation of “Hold” by the fourteen research firms that are covering the company, MarketBeat reports. Three investment 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 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $88.10.

Several equities research analysts have issued reports on TCBI shares. Weiss Ratings raised Texas Capital Bancshares from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, October 31st. Cowen began coverage on Texas Capital Bancshares in a research report on Wednesday, September 24th. They set a “hold” rating for the company. Barclays boosted their price objective on shares of Texas Capital Bancshares from $85.00 to $90.00 and gave the company an “underweight” rating in a report on Tuesday. Keefe, Bruyette & Woods increased their target price on shares of Texas Capital Bancshares from $98.00 to $100.00 and gave the stock an “outperform” rating in a research note on Monday, October 27th. Finally, Hovde Group boosted their price target on shares of Texas Capital Bancshares from $85.00 to $93.00 and gave the company a “market perform” rating in a research note on Thursday, October 23rd.

Insider Transactions at Texas Capital Bancshares

In other news, Director Robert W. Stallings purchased 5,000 shares of the firm’s stock in a transaction on Monday, October 27th. The shares were bought at an average cost of $20.68 per share, for a total transaction of $103,400.00. Following the completion of the purchase, the director directly owned 275,913 shares of the company’s stock, valued at approximately $5,705,880.84. This trade represents a 1.85% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.72% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Texas Capital Bancshares

Several institutional investors and hedge funds have recently modified their holdings of TCBI. GAMMA Investing LLC lifted its stake in Texas Capital Bancshares by 10.0% during the 3rd quarter. GAMMA Investing LLC now owns 1,332 shares of the bank’s stock worth $113,000 after acquiring an additional 121 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its position in shares of Texas Capital Bancshares by 4.5% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 2,902 shares of the bank’s stock worth $245,000 after purchasing an additional 126 shares in the last quarter. Arizona State Retirement System lifted its position in shares of Texas Capital Bancshares by 0.9% during the third quarter. Arizona State Retirement System now owns 13,575 shares of the bank’s stock worth $1,147,000 after purchasing an additional 126 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Texas Capital Bancshares by 4.0% in the third quarter. PNC Financial Services Group Inc. now owns 3,665 shares of the bank’s stock valued at $310,000 after purchasing an additional 142 shares in the last quarter. Finally, Teacher Retirement System of Texas grew its holdings in shares of Texas Capital Bancshares by 2.1% in the third quarter. Teacher Retirement System of Texas now owns 7,149 shares of the bank’s stock valued at $604,000 after purchasing an additional 144 shares in the last quarter. Hedge funds and other institutional investors own 96.88% of the company’s stock.

Texas Capital Bancshares Stock Performance

NASDAQ:TCBI opened at $84.65 on Tuesday. The company’s 50-day moving average is $84.85 and its two-hundred day moving average is $81.50. Texas Capital Bancshares has a 1-year low of $59.37 and a 1-year high of $94.61. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a market capitalization of $3.86 billion, a price-to-earnings ratio of 13.85, a PEG ratio of 0.63 and a beta of 0.82.

Texas Capital Bancshares (NASDAQ:TCBI) last announced its quarterly earnings results on Wednesday, October 22nd. The bank reported $2.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.77 by $0.41. Texas Capital Bancshares had a net margin of 15.14% and a return on equity of 9.51%. The business had revenue of $340.35 million during the quarter, compared to the consensus estimate of $327.13 million. During the same quarter last year, the firm earned ($1.41) EPS. The business’s revenue was up 171.6% compared to the same quarter last year. Analysts forecast that Texas Capital Bancshares will post 5.84 EPS for the current year.

About Texas Capital Bancshares

Texas Capital Bancshares, Inc operates as the bank holding company for Texas Capital Bank, is a full-service financial services firm that delivers customized solutions to businesses, entrepreneurs, and individual customers. The company offers commercial banking; consumer banking; investment banking solutions, including capital markets, mergers and acquisitions, and syndicated finance, as well as financial sponsor coverage, capital solutions, and institutional services; and wealth management services, such as investment management, financial planning, lockbox and insurance, securities-based lending, estate planning, and business succession, as well as philanthropic, trustee and executor, custom credit, and depository services.