Texas Capital Bancshares, Inc. (TCBI) – What Are Investment Firms Thinking About This Stock?

Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) have been assigned a consensus recommendation of “Hold” from the twelve ratings firms that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and three 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 $105.09.

Several equities research analysts have recently weighed in on TCBI shares. JPMorgan Chase & Co. reduced their target price on shares of Texas Capital Bancshares from $110.00 to $100.00 and set an “underweight” rating on the stock in a research note on Thursday, October 1st. Royal Bank Of Canada cut their price target on shares of Texas Capital Bancshares from $113.00 to $110.00 and set a “sector perform” rating on the stock in a report on Thursday, October 22nd. DA Davidson set a $105.00 price objective on shares of Texas Capital Bancshares in a research report on Thursday, October 22nd. TD Cowen raised their price objective on shares of Texas Capital Bancshares from $100.00 to $104.00 and gave the stock a “hold” rating in a research note on Friday, October 23rd. Finally, Stephens decreased their price objective on shares of Texas Capital Bancshares from $116.00 to $112.00 and set an “overweight” rating for the company in a research note on Thursday, July 23rd.

Institutional Investors Weigh In On Texas Capital Bancshares

A number of institutional investors and hedge funds have recently modified their holdings of TCBI. Evergreen Capital Management LLC grew its stake in Texas Capital Bancshares by 5.9% in the third quarter. Evergreen Capital Management LLC now owns 7,372 shares of the bank’s stock worth $686,000 after purchasing an additional 408 shares in the last quarter. Tectonic Advisors LLC increased its holdings in Texas Capital Bancshares by 15.7% during the 3rd quarter. Tectonic Advisors LLC now owns 24,559 shares of the bank’s stock worth $2,285,000 after purchasing an additional 3,329 shares during the period. Sterling Capital Management LLC raised its position in Texas Capital Bancshares by 19.5% during the 3rd quarter. Sterling Capital Management LLC now owns 937 shares of the bank’s stock valued at $87,000 after purchasing an additional 153 shares in the last quarter. Inspire Investing LLC raised its position in Texas Capital Bancshares by 4.4% during the 3rd quarter. Inspire Investing LLC now owns 6,849 shares of the bank’s stock valued at $637,000 after purchasing an additional 290 shares in the last quarter. Finally, Root Financial Partners LLC bought a new stake in Texas Capital Bancshares during the 3rd quarter valued at $26,000. 96.88% of the stock is owned by institutional investors.

Texas Capital Bancshares Stock Performance

NASDAQ TCBI opened at $104.12 on Tuesday. The company has a market cap of $4.42 billion, a P/E ratio of 13.37, a P/E/G ratio of 1.03 and a beta of 0.63. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.99 and a current ratio of 0.99. The business’s 50 day moving average price is $95.86 and its 200-day moving average price is $98.72. Texas Capital Bancshares has a fifty-two week low of $82.14 and a fifty-two week high of $108.92.

Texas Capital Bancshares (NASDAQ:TCBI) last released its quarterly earnings results on Wednesday, October 21st. The bank reported $2.35 earnings per share for the quarter, beating the consensus estimate of $1.96 by $0.39. The company had revenue of $356.60 million for the quarter, compared to analyst estimates of $339.89 million. Texas Capital Bancshares had a return on equity of 11.04% and a net margin of 17.74%. Sell-side analysts predict that Texas Capital Bancshares will post 7.72 earnings per share for the current year.

Texas Capital Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Tuesday, December 1st will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Tuesday, December 1st. Texas Capital Bancshares’s dividend payout ratio is presently 10.27%.

About Texas Capital Bancshares

Texas Capital Bancshares, Inc is the parent company of Texas Capital Bank, a full-service financial institution headquartered in Dallas, Texas. The bank primarily serves commercial and middle-market businesses, entrepreneurs, professionals, high-net-worth individuals and institutions.

Texas Capital Bank offers commercial and private banking services, including business and personal deposit accounts, commercial and real estate lending, treasury management, wealth management and related financial solutions.