Texas Capital Bancshares (TCBI) Given New $103.00 Price Target at Barclays
Texas Capital Bancshares (NASDAQ:TCBI) had its target price boosted by Barclays from $87.00 to $103.00 in a report published on Tuesday, MarketBeat Ratings reports. They currently have an equal weight rating on the bank’s stock.
TCBI has been the topic of a number of other research reports. Deutsche Bank boosted their price objective on Texas Capital Bancshares from $93.00 to $95.00 and gave the stock a hold rating in a research note on Wednesday, November 8th. Royal Bank of Canada restated a buy rating on shares of Texas Capital Bancshares in a research note on Friday, October 20th. Zacks Investment Research cut Texas Capital Bancshares from a hold rating to a sell rating in a research note on Tuesday, October 3rd. BidaskClub cut Texas Capital Bancshares from a hold rating to a sell rating in a research note on Tuesday, December 12th. Finally, SunTrust Banks restated a buy rating and set a $100.00 price objective on shares of Texas Capital Bancshares in a research note on Wednesday, November 29th. Ten equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of Buy and an average target price of $95.00.
Shares of Texas Capital Bancshares (TCBI) opened at $92.95 on Tuesday. Texas Capital Bancshares has a 1 year low of $69.65 and a 1 year high of $95.20. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.22 and a current ratio of 1.27. The stock has a market capitalization of $4,538.35, a PE ratio of 24.14, a price-to-earnings-growth ratio of 1.48 and a beta of 1.66.
Texas Capital Bancshares (NASDAQ:TCBI) last posted its quarterly earnings results on Wednesday, October 18th. The bank reported $1.12 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.11 by $0.01. Texas Capital Bancshares had a return on equity of 10.40% and a net margin of 22.50%. The firm had revenue of $204.40 million during the quarter, compared to the consensus estimate of $214.08 million. During the same quarter in the previous year, the business earned $0.87 earnings per share. The firm’s quarterly revenue was up 11.7% compared to the same quarter last year. equities research analysts forecast that Texas Capital Bancshares will post 4.04 EPS for the current year.
In related news, COO Peter B. Bartholow sold 3,500 shares of the business’s stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $87.52, for a total value of $306,320.00. Following the transaction, the chief operating officer now owns 34,171 shares in the company, valued at $2,990,645.92. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.47% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in shares of Texas Capital Bancshares by 2.5% in the second quarter. Vanguard Group Inc. now owns 4,053,255 shares of the bank’s stock worth $313,721,000 after acquiring an additional 98,473 shares in the last quarter. State Street Corp lifted its stake in shares of Texas Capital Bancshares by 14.8% in the second quarter. State Street Corp now owns 3,497,607 shares of the bank’s stock worth $270,711,000 after acquiring an additional 449,797 shares in the last quarter. Capital Research Global Investors lifted its stake in shares of Texas Capital Bancshares by 26.5% in the second quarter. Capital Research Global Investors now owns 2,127,895 shares of the bank’s stock worth $164,699,000 after acquiring an additional 445,248 shares in the last quarter. Wasatch Advisors Inc. lifted its stake in shares of Texas Capital Bancshares by 3.6% in the second quarter. Wasatch Advisors Inc. now owns 1,438,060 shares of the bank’s stock worth $111,306,000 after acquiring an additional 50,474 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its stake in shares of Texas Capital Bancshares by 4.7% in the second quarter. Alliancebernstein L.P. now owns 1,369,988 shares of the bank’s stock worth $106,037,000 after acquiring an additional 61,357 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.
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