Deutsche Bank AG Increases Texas Capital Bancshares, Inc. (TCBI) Price Target to $95.00
Texas Capital Bancshares, Inc. (NASDAQ:TCBI) had its price target lifted by Deutsche Bank AG from $93.00 to $95.00 in a research report issued on Wednesday. The brokerage presently has a “hold” rating on the bank’s stock. Deutsche Bank AG’s target price would suggest a potential upside of 17.14% from the company’s current price.
Other equities analysts have also issued research reports about the company. ValuEngine raised Texas Capital Bancshares from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Jefferies Group LLC reissued a “buy” rating and set a $104.00 price objective on shares of Texas Capital Bancshares in a research note on Friday, July 14th. Zacks Investment Research upgraded Texas Capital Bancshares from a “hold” rating to a “buy” rating and set a $87.00 target price on the stock in a research report on Tuesday, July 11th. SunTrust Banks, Inc. restated a “buy” rating and issued a $90.00 target price on shares of Texas Capital Bancshares in a research report on Wednesday, October 4th. Finally, Bank of America Corporation restated a “buy” rating and issued a $100.00 target price (up previously from $97.00) on shares of Texas Capital Bancshares in a research report on Thursday, October 19th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $91.53.
Texas Capital Bancshares (NASDAQ TCBI) traded down $1.05 during midday trading on Wednesday, reaching $81.10. The company’s stock had a trading volume of 10,298 shares, compared to its average volume of 361,505. The firm has a market capitalization of $4,080.00, a price-to-earnings ratio of 22.21, a P/E/G ratio of 1.77 and a beta of 1.66. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.27 and a quick ratio of 1.22. Texas Capital Bancshares has a one year low of $56.50 and a one year high of $93.35.
Texas Capital Bancshares (NASDAQ:TCBI) last released its quarterly earnings data on Wednesday, October 18th. The bank reported $1.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.11 by $0.01. The company had revenue of $204.40 million for 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 firm’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.87 earnings per share. equities research analysts predict that Texas Capital Bancshares will post 4.04 earnings per share for the current fiscal 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 transaction of $306,320.00. Following the sale, the chief operating officer now owns 34,171 shares in the company, valued at approximately $2,990,645.92. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider C Keith Cargill purchased 3,000 shares of the business’s stock in a transaction on Friday, August 11th. The shares were bought at an average price of $74.15 per share, for a total transaction of $222,450.00. Following the acquisition, the insider now owns 80,286 shares in the company, valued at $5,953,206.90. The disclosure for this purchase can be found here. 0.47% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. World Asset Management Inc increased its holdings in Texas Capital Bancshares by 2.1% during the 2nd quarter. World Asset Management Inc now owns 3,134 shares of the bank’s stock worth $243,000 after purchasing an additional 64 shares during the period. 1st Global Advisors Inc. boosted its position in shares of Texas Capital Bancshares by 1.1% during the 2nd quarter. 1st Global Advisors Inc. now owns 6,979 shares of the bank’s stock worth $540,000 after acquiring an additional 77 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its position in shares of Texas Capital Bancshares by 0.8% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 12,631 shares of the bank’s stock worth $978,000 after acquiring an additional 96 shares in the last quarter. Teacher Retirement System of Texas boosted its position in shares of Texas Capital Bancshares by 2.7% during the 2nd quarter. Teacher Retirement System of Texas now owns 4,006 shares of the bank’s stock worth $310,000 after acquiring an additional 107 shares in the last quarter. Finally, Peloton Wealth Strategists boosted its position in shares of Texas Capital Bancshares by 0.9% during the 2nd quarter. Peloton Wealth Strategists now owns 17,050 shares of the bank’s stock worth $1,320,000 after acquiring an additional 150 shares in the last quarter. Institutional investors own 99.81% of the company’s stock.
Texas Capital Bancshares Company Profile
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.
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