Texas Capital Bancshares Inc. (TCBI) Stock Price Up 1.8%
Texas Capital Bancshares Inc. (NASDAQ:TCBI) shares rose 1.8% during mid-day trading on Wednesday . The company traded as high as $51.47 and last traded at $51.35, with a volume of 115,320 shares changing hands. The stock had previously closed at $50.42.
TCBI has been the topic of a number of research analyst reports. Bank of America Corp. downgraded shares of Texas Capital Bancshares from a “buy” rating to a “neutral” rating in a research report on Wednesday, June 29th. TheStreet raised shares of Texas Capital Bancshares from a “hold” rating to a “buy” rating in a research report on Thursday, June 23rd. FIG Partners reissued a “market-perform” rating on shares of Texas Capital Bancshares in a research report on Monday, June 6th. Deutsche Bank AG reissued a “buy” rating and set a $53.00 price objective on shares of Texas Capital Bancshares in a research report on Sunday, May 22nd. Finally, Zacks Investment Research raised shares of Texas Capital Bancshares from a “strong sell” rating to a “hold” rating in a research report on Monday, April 25th. Fourteen analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $50.82.
The stock has a market cap of $2.35 billion and a P/E ratio of 18.88. The stock has a 50-day moving average price of $48.57 and a 200 day moving average price of $42.99.
Texas Capital Bancshares (NASDAQ:TCBI) last issued its quarterly earnings results on Wednesday, July 20th. The company reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.01. During the same period in the prior year, the company earned $0.76 earnings per share. On average, equities analysts expect that Texas Capital Bancshares Inc. will post $2.98 earnings per share for the current year.
A hedge fund recently raised its position in Texas Capital Bancshares stock. Dimensional Fund Advisors LP boosted its stake in shares of Texas Capital Bancshares Inc. (NASDAQ:TCBI) by 5.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,358,660 shares of the company’s stock after buying an additional 66,701 shares during the period. Dimensional Fund Advisors LP owned 2.96% of Texas Capital Bancshares worth $67,145,000 as of its most recent SEC filing.
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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