Texas Capital Bancshares Inc (TCBI) Receives $83.72 Average Target Price from Analysts

Texas Capital Bancshares Inc (NASDAQ:TCBI) has been assigned a consensus rating of “Hold” from the seventeen research firms that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $79.56.

Several equities research analysts recently issued reports on the stock. Wedbush lowered shares of Texas Capital Bancshares from an “outperform” rating to a “neutral” rating and set a $65.00 price objective for the company. in a research note on Wednesday, March 27th. TheStreet upgraded shares of Texas Capital Bancshares from a “c+” rating to a “b-” rating in a report on Tuesday, April 30th. Sanford C. Bernstein upgraded shares of Texas Capital Bancshares from a “market perform” rating to an “outperform” rating in a report on Tuesday, May 28th. Zacks Investment Research lowered shares of Texas Capital Bancshares from a “hold” rating to a “sell” rating in a report on Wednesday, March 27th. Finally, Compass Point lowered shares of Texas Capital Bancshares from a “buy” rating to a “neutral” rating and set a $58.49 target price on the stock. in a report on Thursday, April 18th.

Texas Capital Bancshares stock opened at $59.86 on Tuesday. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.21 and a current ratio of 1.30. Texas Capital Bancshares has a 12 month low of $47.86 and a 12 month high of $102.75. The firm has a market cap of $3.04 billion, a PE ratio of 10.34, a P/E/G ratio of 0.91 and a beta of 1.84.

Texas Capital Bancshares (NASDAQ:TCBI) last posted its quarterly earnings results on Wednesday, April 17th. The bank reported $1.60 EPS for the quarter, beating the consensus estimate of $1.34 by $0.26. Texas Capital Bancshares had a net margin of 23.36% and a return on equity of 13.37%. The business had revenue of $265.63 million for the quarter, compared to analysts’ expectations of $253.83 million. During the same period in the previous year, the company posted $1.38 EPS. As a group, equities analysts expect that Texas Capital Bancshares will post 6.46 earnings per share for the current fiscal year.

In other news, Director Ian J. Turpin sold 3,977 shares of the stock in a transaction on Monday, May 20th. The shares were sold at an average price of $60.59, for a total transaction of $240,966.43. Following the completion of the sale, the director now owns 4,632 shares of the company’s stock, valued at $280,652.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO C Keith Cargill bought 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The stock was acquired at an average cost of $58.83 per share, with a total value of $176,490.00. Following the transaction, the chief executive officer now owns 120,847 shares of the company’s stock, valued at approximately $7,109,429.01. The disclosure for this purchase can be found here. 0.54% of the stock is owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Manchester Capital Management LLC acquired a new position in Texas Capital Bancshares during the 1st quarter worth $34,000. JOYN Advisors Inc. boosted its stake in shares of Texas Capital Bancshares by 1,445.8% in the fourth quarter. JOYN Advisors Inc. now owns 912 shares of the bank’s stock worth $47,000 after acquiring an additional 853 shares during the last quarter. JCSD Capital LLC acquired a new stake in shares of Texas Capital Bancshares in the fourth quarter worth approximately $51,000. Cresset Asset Management LLC acquired a new stake in shares of Texas Capital Bancshares in the first quarter worth approximately $60,000. Finally, Toronto Dominion Bank acquired a new stake in shares of Texas Capital Bancshares in the fourth quarter worth approximately $74,000. 95.95% of the stock is owned by institutional investors and hedge funds.

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.

Further Reading: What does a hold rating mean?

Analyst Recommendations for Texas Capital Bancshares (NASDAQ:TCBI)

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