Texas Capital Bancshares Inc. (NASDAQ:TCBI) gapped up prior to trading on Thursday . The stock had previously closed at $48.35, but opened at $48.98. Texas Capital Bancshares shares last traded at $50.18, with a volume of 268,025 shares trading hands.

A number of equities research analysts have recently weighed in on TCBI shares. Barclays PLC dropped their price target on shares of Texas Capital Bancshares from $45.00 to $44.00 in a research report on Friday, April 1st. Deutsche Bank AG reissued a “buy” rating on shares of Texas Capital Bancshares in a research note on Sunday, March 20th. TheStreet raised shares of Texas Capital Bancshares from a “hold” rating to a “buy” rating in a research note on Thursday, June 23rd. Compass Point assumed coverage on shares of Texas Capital Bancshares in a research note on Friday, July 1st. They issued a “buy” rating and a $54.00 price objective on the stock. Finally, Piper Jaffray Cos. reissued a “hold” rating and issued a $46.00 price objective (up from $37.00) on shares of Texas Capital Bancshares in a research note on Thursday, April 21st. Fourteen research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $52.76.

The stock has a market cap of $2.30 billion and a price-to-earnings ratio of 18.56. The stock’s 50-day moving average is $47.76 and its 200-day moving average is $41.62.

Texas Capital Bancshares (NASDAQ:TCBI) last posted its earnings results on Wednesday, April 20th. The company reported $0.49 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by $0.18. During the same period last year, the firm posted $0.70 EPS. Equities research analysts expect that Texas Capital Bancshares Inc. will post $2.90 EPS for the current year.

In other Texas Capital Bancshares news, Director Steve Rosenberg sold 982 shares of the stock in a transaction that occurred on Friday, April 22nd. The shares were sold at an average price of $45.09, for a total value of $44,278.38. Following the sale, the director now directly owns 44,291 shares in the company, valued at approximately $1,997,081.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Several institutional investors recently modified their holdings of the company. Dimensional Fund Advisors LP raised its position in shares of Texas Capital Bancshares by 5.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,358,660 shares of the company’s stock worth $67,145,000 after buying an additional 66,701 shares during the last quarter. Hodges Capital Management Inc. raised its position in shares of Texas Capital Bancshares by 14.2% in the fourth quarter. Hodges Capital Management Inc. now owns 378,204 shares of the company’s stock worth $18,691,000 after buying an additional 46,903 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Texas Capital Bancshares by 3.7% in the fourth quarter. Principal Financial Group Inc. now owns 308,054 shares of the company’s stock worth $15,224,000 after buying an additional 11,109 shares during the last quarter. Morgan Stanley raised its position in shares of Texas Capital Bancshares by 27.6% in the fourth quarter. Morgan Stanley now owns 55,779 shares of the company’s stock worth $2,756,000 after buying an additional 12,064 shares during the last quarter. Finally, SECOR Capital Advisors LP bought a new position in shares of Texas Capital Bancshares during the fourth quarter worth approximately $1,011,000.

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 loans, deposit accounts and other financial products and services. It offers commercial loans for general corporate purposes, including financing for working capital, internal growth, acquisitions and financing for business insurance premiums; real estate term and construction loans; mortgage finance lending; equipment leasing; treasury management services; wealth management and trust services, and letters of credit.

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