Texas Capital Bancshares Inc. (TCBI) PT Raised to $66.00
Texas Capital Bancshares Inc. (NASDAQ:TCBI) had its price objective raised by research analysts at Deutsche Bank AG from $56.00 to $66.00 in a report released on Tuesday. The firm currently has a “buy” rating on the stock. Deutsche Bank AG’s price objective points to a potential upside of 16.71% from the company’s current price.
TCBI has been the subject of a number of other research reports. Wedbush started coverage on shares of Texas Capital Bancshares in a report on Thursday, October 6th. They issued a “neutral” rating and a $54.00 price target for the company. TheStreet raised shares of Texas Capital Bancshares from a “hold” rating to a “buy” rating in a report on Thursday, June 23rd. Zacks Investment Research raised shares of Texas Capital Bancshares from a “sell” rating to a “hold” rating in a report on Friday, July 1st. Raymond James Financial Inc. reissued an “outperform” rating and set a $54.00 target price (up previously from $52.00) on shares of Texas Capital Bancshares in a report on Thursday, July 21st. Finally, Bank of America Corp. cut shares of Texas Capital Bancshares from a “buy” rating to a “neutral” rating in a report on Wednesday, June 29th. Fifteen research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $52.50.
Texas Capital Bancshares (NASDAQ:TCBI) opened at 56.55 on Tuesday. The company has a market cap of $2.60 billion, a P/E ratio of 20.87 and a beta of 1.47. Texas Capital Bancshares has a 12-month low of $29.78 and a 12-month high of $61.83. The firm’s 50 day moving average is $53.54 and its 200 day moving average is $47.85.
Texas Capital Bancshares (NASDAQ:TCBI) last posted its quarterly earnings results on Wednesday, July 20th. The company reported $0.78 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.01. Texas Capital Bancshares had a net margin of 19.73% and a return on equity of 9.14%. During the same period in the previous year, the company earned $0.76 earnings per share. Equities research analysts anticipate that Texas Capital Bancshares will post $2.99 EPS for the current fiscal year.
In related news, Director James H. Browning sold 2,500 shares of the business’s stock in a transaction dated Thursday, September 1st. The shares were sold at an average price of $52.55, for a total transaction of $131,375.00. Following the transaction, the director now directly owns 8,314 shares in the company, valued at $436,900.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.08% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the company. State Street Corp raised its position in Texas Capital Bancshares by 23.4% in the first quarter. State Street Corp now owns 2,231,426 shares of the company’s stock worth $85,639,000 after buying an additional 423,320 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its position in Texas Capital Bancshares by 0.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,159,603 shares of the company’s stock worth $44,506,000 after buying an additional 3,610 shares during the last quarter. BlackRock Group LTD raised its position in Texas Capital Bancshares by 7.5% in the first quarter. BlackRock Group LTD now owns 56,280 shares of the company’s stock worth $2,160,000 after buying an additional 3,906 shares during the last quarter. Aristotle Capital Boston LLC raised its position in Texas Capital Bancshares by 1.8% in the first quarter. Aristotle Capital Boston LLC now owns 27,035 shares of the company’s stock worth $1,038,000 after buying an additional 482 shares during the last quarter. Finally, First Dallas Securities Inc. raised its position in Texas Capital Bancshares by 23.6% in the second quarter. First Dallas Securities Inc. now owns 11,525 shares of the company’s stock worth $539,000 after buying an additional 2,200 shares during the last quarter.
About Texas Capital Bancshares
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.
Receive News & Ratings for Texas Capital Bancshares Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Texas Capital Bancshares Inc. and related companies with MarketBeat.com's FREE daily email newsletter.