Texas Capital Bancshares Inc. (NASDAQ:TCBI) rose 5.1% on Friday . The stock traded as high as $50.30 and last traded at $50.28, with a volume of 235,389 shares traded. The stock had previously closed at $47.84.

TCBI has been the subject of several analyst reports. Hovde Group upgraded Texas Capital Bancshares from an “underperform” rating to a “market perform” rating and boosted their target price for the stock from $41.00 to $44.00 in a report on Wednesday, May 11th. Deutsche Bank AG restated a “buy” rating and issued a $50.00 target price on shares of Texas Capital Bancshares in a report on Thursday, April 21st. TheStreet upgraded Texas Capital Bancshares from a “hold” rating to a “buy” rating in a report on Thursday, June 23rd. Raymond James Financial Inc. upgraded Texas Capital Bancshares from an “outperform” rating to a “strong-buy” rating in a report on Monday, May 9th. Finally, Zacks Investment Research upgraded Texas Capital Bancshares from a “sell” rating to a “hold” rating in a report on Friday, July 1st. Fourteen research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $50.82.

The company has a market cap of $2.30 billion and a PE ratio of 18.48. The firm’s 50 day moving average price is $47.51 and its 200 day moving average price is $41.97.

Texas Capital Bancshares (NASDAQ:TCBI) last released its quarterly earnings data on Wednesday, July 20th. The company reported $0.78 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.77 by $0.01. During the same period last year, the firm earned $0.76 earnings per share. On average, equities analysts anticipate that Texas Capital Bancshares Inc. will post $2.99 EPS for the current fiscal year.

Other hedge funds have added to or reduced their stakes in the company. State of Tennessee Treasury Department acquired a new stake in Texas Capital Bancshares during the fourth quarter worth about $1,759,000. Dimensional Fund Advisors LP boosted its stake 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 during the last quarter. Hodges Capital Management Inc. boosted its stake 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 during the last quarter. Principal Financial Group Inc. boosted its stake 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 during the last quarter. Finally, Comerica Bank boosted its stake 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 during 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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