Texas Capital Bancshares (NASDAQ:TCBI) was downgraded by ValuEngine from a “hold” rating to a “sell” rating in a research report issued on Monday.

TCBI has been the topic of several other research reports. BidaskClub lowered shares of Texas Capital Bancshares from a “sell” rating to a “strong sell” rating in a research note on Saturday, September 15th. Sandler O’Neill reaffirmed a “hold” rating and issued a $103.00 target price on shares of Texas Capital Bancshares in a research note on Friday, July 20th. Wedbush raised their target price on shares of Texas Capital Bancshares from $109.00 to $110.00 and gave the company a “$96.20” rating in a research note on Thursday, July 19th. Zacks Investment Research raised shares of Texas Capital Bancshares from a “hold” rating to a “buy” rating and set a $97.00 target price on the stock in a research note on Tuesday, September 18th. Finally, Stephens reaffirmed a “hold” rating and issued a $105.00 target price on shares of Texas Capital Bancshares in a research note on Monday, June 18th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $106.33.

Shares of NASDAQ:TCBI opened at $87.50 on Monday. Texas Capital Bancshares has a 12 month low of $77.65 and a 12 month high of $103.05. The company has a debt-to-equity ratio of 2.00, a quick ratio of 1.26 and a current ratio of 1.32. The stock has a market cap of $4.44 billion, a price-to-earnings ratio of 21.24, a P/E/G ratio of 1.28 and a beta of 1.77.

Texas Capital Bancshares (NASDAQ:TCBI) last issued its quarterly earnings data on Wednesday, July 18th. The bank reported $1.38 EPS for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.01). The company had revenue of $248.99 million for the quarter, compared to the consensus estimate of $242.58 million. Texas Capital Bancshares had a return on equity of 12.51% and a net margin of 22.15%. During the same period in the prior year, the company earned $0.97 EPS. analysts expect that Texas Capital Bancshares will post 6.12 earnings per share for the current fiscal year.

In other news, Director Ian J. Turpin sold 5,320 shares of the firm’s stock in a transaction dated Friday, August 24th. The shares were sold at an average price of $93.06, for a total value of $495,079.20. Following the transaction, the director now owns 8,602 shares of the company’s stock, valued at approximately $800,502.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.48% of the stock is currently owned by company insiders.

Several large investors have recently made changes to their positions in TCBI. Point72 Asset Management L.P. acquired a new stake in shares of Texas Capital Bancshares in the 2nd quarter valued at approximately $119,000. Commonwealth Equity Services LLC acquired a new stake in shares of Texas Capital Bancshares in the 1st quarter valued at approximately $222,000. Sentry Investments Corp. acquired a new stake in shares of Texas Capital Bancshares in the 1st quarter valued at approximately $224,000. WINTON GROUP Ltd acquired a new stake in shares of Texas Capital Bancshares in the 1st quarter valued at approximately $250,000. Finally, Capital Management Associates NY acquired a new stake in shares of Texas Capital Bancshares in the 2nd quarter valued at approximately $329,000.

Texas Capital Bancshares Company Profile

Texas Capital Bancshares, Inc operates as the bank holding company for Texas Capital Bank, National Association that provides various banking products and services for commercial businesses, and professionals and entrepreneurs. It offers business deposit products and services, including commercial checking accounts, lockbox accounts, and cash concentration accounts, as well as other treasury management services, including information services, wire transfer initiation, ACH initiation, account transfer, and service integration; and consumer deposit products, such as checking accounts, savings accounts, money market accounts, and certificates of deposit.

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Analyst Recommendations for Texas Capital Bancshares (NASDAQ:TCBI)

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