Texas Capital Bancshares Inc. (TCBI) Stock Price Down 2.8%
Texas Capital Bancshares Inc. (NASDAQ:TCBI)’s share price were down 2.8% on Friday . The company traded as low as $48.38 and last traded at $48.54, with a volume of 250,505 shares traded. The stock had previously closed at $49.96.
A number of equities analysts have weighed in on TCBI shares. Zacks Investment Research downgraded Texas Capital Bancshares from a “hold” rating to a “sell” rating in a research report on Tuesday, April 5th. Barclays PLC reissued a “hold” rating on shares of Texas Capital Bancshares in a research report on Monday, April 4th. Piper Jaffray Cos. reissued a “hold” rating and set a $46.00 price target (up previously from $37.00) on shares of Texas Capital Bancshares in a research report on Thursday, April 21st. Deutsche Bank AG reissued a “buy” rating and set a $50.00 price target on shares of Texas Capital Bancshares in a research report on Thursday, April 21st. Finally, Hovde Group upped their target price on Texas Capital Bancshares from $36.00 to $41.00 and gave the company an “underperform” rating in a research report on Friday, April 22nd. Thirteen equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $50.82.
The stock has a market capitalization of $2.23 billion and a P/E ratio of 17.91. The company’s 50-day moving average price is $47.60 and its 200 day moving average price is $41.80.
Texas Capital Bancshares (NASDAQ:TCBI) last posted its quarterly earnings results on Wednesday, July 20th. The company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.01. During the same quarter in the prior year, the firm posted $0.76 earnings per share. On average, equities analysts predict that Texas Capital Bancshares Inc. will post $2.99 earnings per share for the current fiscal year.
Several large investors recently bought and sold shares of the company. State of Tennessee Treasury Department bought a new stake in Texas Capital Bancshares during the fourth quarter worth approximately $1,759,000. Dimensional Fund Advisors LP raised its position in 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 in the last quarter. Hodges Capital Management Inc. raised its position in 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 in the last quarter. Principal Financial Group Inc. raised its position in 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 in the last quarter. Finally, Comerica Bank raised its position in Texas Capital Bancshares by 3.0% in the fourth quarter. Comerica Bank now owns 57,633 shares of the company’s stock worth $2,563,000 after buying an additional 1,696 shares in the last quarter.
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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