Shares of Texas Capital Bancshares Inc (NASDAQ:TCBI) have been given an average rating of “Buy” by the eighteen research firms that are presently covering the company, MarketBeat.com reports. Ten equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $96.12.

A number of research firms have issued reports on TCBI. Piper Jaffray Companies reiterated a “hold” rating and issued a $98.50 target price on shares of Texas Capital Bancshares in a research report on Tuesday, January 9th. Barclays increased their target price on shares of Texas Capital Bancshares from $87.00 to $103.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 2nd. Zacks Investment Research upgraded shares of Texas Capital Bancshares from a “hold” rating to a “buy” rating and set a $104.00 target price for the company in a research report on Tuesday, December 26th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $100.00 target price on shares of Texas Capital Bancshares in a research report on Friday, December 22nd. Finally, Wedbush upgraded shares of Texas Capital Bancshares from a “neutral” rating to an “outperform” rating and cut their target price for the stock from $108.00 to $87.00 in a research report on Thursday, December 21st.

Texas Capital Bancshares (NASDAQ:TCBI) traded up $2.15 during trading on Friday, reaching $99.95. 378,077 shares of the company were exchanged, compared to its average volume of 473,931. Texas Capital Bancshares has a 1 year low of $69.65 and a 1 year high of $100.45. The company has a quick ratio of 1.22, a current ratio of 1.27 and a debt-to-equity ratio of 1.44. The firm has a market cap of $4,960.00, a price-to-earnings ratio of 25.96, a price-to-earnings-growth ratio of 1.42 and a beta of 1.66.

Texas Capital Bancshares (NASDAQ:TCBI) last released its earnings results on Wednesday, October 18th. The bank reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.01. Texas Capital Bancshares had a net margin of 22.50% and a return on equity of 10.40%. The company had revenue of $204.40 million during the quarter, compared to the consensus estimate of $214.08 million. During the same quarter in the prior year, the firm earned $0.87 EPS. The company’s revenue was up 11.7% compared to the same quarter last year. equities analysts expect that Texas Capital Bancshares will post 4.04 earnings per share for the current year.

Several institutional investors have recently added to or reduced their stakes in TCBI. Eagle Asset Management Inc. raised its holdings in shares of Texas Capital Bancshares by 791.5% during the 3rd quarter. Eagle Asset Management Inc. now owns 776,161 shares of the bank’s stock valued at $67,448,000 after purchasing an additional 689,096 shares in the last quarter. Koch Industries Inc. bought a new position in shares of Texas Capital Bancshares during the 2nd quarter valued at $661,000. Balyasny Asset Management LLC raised its holdings in shares of Texas Capital Bancshares by 474.5% during the 2nd quarter. Balyasny Asset Management LLC now owns 657,805 shares of the bank’s stock valued at $50,914,000 after purchasing an additional 543,299 shares in the last quarter. State Street Corp raised its holdings in shares of Texas Capital Bancshares by 14.8% during the 2nd quarter. State Street Corp now owns 3,497,607 shares of the bank’s stock valued at $270,711,000 after purchasing an additional 449,797 shares in the last quarter. Finally, Capital Research Global Investors raised its holdings in shares of Texas Capital Bancshares by 26.5% during the 2nd quarter. Capital Research Global Investors now owns 2,127,895 shares of the bank’s stock valued at $164,699,000 after purchasing an additional 445,248 shares in the last quarter.

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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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