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.

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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.

Analyst Recommendations for Texas Capital Bancshares (NASDAQ:TCBI)

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