Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Given Consensus Recommendation of "Hold" by Brokerages

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) has received a consensus recommendation of "Hold" from fourteen analysts. The stock has three sell ratings, seven hold ratings, and four buy ratings, with an average price target of $87.60. Recent analyst reports include target price increases from Keefe, Bruyette & Woods and Hovde Group. The company reported $2.18 EPS for the last quarter, exceeding estimates, with revenue up 171.6% year-over-year. Insider Robert W. Stallings purchased 5,000 shares recently, and institutional investors hold 96.88% of the stock.

Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Get Free Report) has been given an average recommendation of "Hold" by the fourteen analysts that are covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $87.60.

TCBI has been the topic of a number of analyst reports. Keefe, Bruyette & Woods raised their target price on shares of Texas Capital Bancshares from $98.00 to $100.00 and gave the stock an "outperform" rating in a research report on Monday, October 27th. DA Davidson set a $91.00 price target on Texas Capital Bancshares in a research note on Thursday, October 23rd. TD Cowen raised Texas Capital Bancshares to a "hold" rating in a research report on Thursday, September 25th. Hovde Group upped their target price on Texas Capital Bancshares from $85.00 to $93.00 and gave the company a "market perform" rating in a research note on Thursday, October 23rd. Finally, Citigroup raised their price target on Texas Capital Bancshares from $69.00 to $79.00 and gave the stock a "sell" rating in a research note on Friday, July 18th.

Get Our Latest Report on TCBI

Texas Capital Bancshares Trading Up 0.2%

Shares of TCBI stock opened at $86.90 on Tuesday. The firm has a 50-day moving average price of $84.85 and a 200 day moving average price of $81.30. Texas Capital Bancshares has a twelve month low of $59.37 and a twelve month high of $94.61. The company has a market capitalization of $3.97 billion, a price-to-earnings ratio of 14.22, a PEG ratio of 0.63 and a beta of 0.82. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.19.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last released its quarterly earnings results on Wednesday, October 22nd. The bank reported $2.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.77 by $0.41. The company had revenue of $340.35 million for the quarter, compared to analysts' expectations of $327.13 million. Texas Capital Bancshares had a net margin of 15.14% and a return on equity of 9.51%. The firm's revenue for the quarter was up 171.6% compared to the same quarter last year. During the same period last year, the company earned ($1.41) EPS. Research analysts forecast that Texas Capital Bancshares will post 5.84 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Robert W. Stallings bought 5,000 shares of the firm's stock in a transaction that occurred on Monday, October 27th. The shares were acquired at an average cost of $20.68 per share, with a total value of $103,400.00. Following the completion of the transaction, the director owned 275,913 shares of the company's stock, valued at approximately $5,705,880.84. The trade was a 1.85% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 1.72% of the company's stock.

Hedge Funds Weigh In On Texas Capital Bancshares

A number of large investors have recently bought and sold shares of TCBI. Cullen Frost Bankers Inc. purchased a new stake in shares of Texas Capital Bancshares during the 3rd quarter valued at $39,000. Ameritas Advisory Services LLC acquired a new position in Texas Capital Bancshares in the second quarter valued at $52,000. True Wealth Design LLC grew its position in Texas Capital Bancshares by 106.8% during the third quarter. True Wealth Design LLC now owns 643 shares of the bank's stock valued at $54,000 after acquiring an additional 332 shares during the period. EverSource Wealth Advisors LLC grew its position in Texas Capital Bancshares by 452.6% during the second quarter. EverSource Wealth Advisors LLC now owns 746 shares of the bank's stock valued at $59,000 after acquiring an additional 611 shares during the period. Finally, UMB Bank n.a. increased its stake in Texas Capital Bancshares by 29.7% during the second quarter. UMB Bank n.a. now owns 756 shares of the bank's stock worth $60,000 after acquiring an additional 173 shares during the last quarter. Hedge funds and other institutional investors own 96.88% of the company's stock.

About Texas Capital Bancshares

(Get Free Report)

Texas Capital Bancshares, Inc operates as the bank holding company for Texas Capital Bank, is a full-service financial services firm that delivers customized solutions to businesses, entrepreneurs, and individual customers. The company offers commercial banking; consumer banking; investment banking solutions, including capital markets, mergers and acquisitions, and syndicated finance, as well as financial sponsor coverage, capital solutions, and institutional services; and wealth management services, such as investment management, financial planning, lockbox and insurance, securities-based lending, estate planning, and business succession, as well as philanthropic, trustee and executor, custom credit, and depository services.

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