Texas Capital Bancshares Inc. (NASDAQ:TCBI)’s share price shot up 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.

Several brokerages recently weighed in on TCBI. Raymond James Financial Inc. reiterated a “strong-buy” rating on shares of Texas Capital Bancshares in a report on Friday, June 3rd. FIG Partners reiterated a “market-perform” rating on shares of Texas Capital Bancshares in a report on Monday, June 6th. Citigroup Inc. cut shares of Texas Capital Bancshares to an “outperform” rating and raised their price objective for the stock from $52.00 to $54.00 in a research note on Thursday, July 21st. Deutsche Bank AG reaffirmed a “buy” rating and set a $53.00 price objective on shares of Texas Capital Bancshares in a research note on Sunday, May 22nd. Finally, TheStreet cut shares of Texas Capital Bancshares from a “buy” rating to a “hold” rating in a research note on Tuesday, August 2nd. Fourteen research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $50.82.

The company has a 50-day moving average of $47.63 and a 200-day moving average of $42.03. The company has a market cap of $2.30 billion and a price-to-earnings ratio of 18.48.

Texas Capital Bancshares (NASDAQ:TCBI) last announced its quarterly earnings data on Wednesday, July 20th. The company reported $0.78 EPS for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.01. During the same quarter in the previous year, the company posted $0.76 EPS. Equities research analysts expect that Texas Capital Bancshares Inc. will post $2.99 earnings per share for the current year.

Other institutional investors have recently made changes to their positions in the company. California Public Employees Retirement System increased its position in shares of Texas Capital Bancshares by 0.9% in the fourth quarter. California Public Employees Retirement System now owns 113,700 shares of the company’s stock worth $5,619,000 after buying an additional 1,000 shares during the last quarter. Russell Frank Co increased its position in shares of Texas Capital Bancshares by 13.8% in the fourth quarter. Russell Frank Co now owns 25,882 shares of the company’s stock worth $1,287,000 after buying an additional 3,136 shares during the last quarter. Principal Financial Group Inc. increased 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. State of Tennessee Treasury Department purchased a new position in shares of Texas Capital Bancshares during the fourth quarter worth approximately $1,759,000. Finally, Hodges Capital Management Inc. increased 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.

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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