Texas Capital Bancshares, Inc. (TCBI) Given Consensus Rating of “Hold” by Analysts
Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) have been given a consensus recommendation of “Hold” by the eighteen analysts that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, ten have given a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $91.67.
A number of research firms have issued reports on TCBI. BidaskClub downgraded Texas Capital Bancshares from a “sell” rating to a “strong sell” rating in a research note on Monday, August 14th. SunTrust Banks reiterated a “buy” rating and set a $100.00 price target on shares of Texas Capital Bancshares in a research note on Wednesday, November 29th. Zacks Investment Research downgraded Texas Capital Bancshares from a “buy” rating to a “hold” rating in a research note on Wednesday, September 20th. ValuEngine downgraded Texas Capital Bancshares from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, Wedbush downgraded Texas Capital Bancshares from an “outperform” rating to a “neutral” rating and cut their price target for the company from $88.00 to $87.00 in a research note on Wednesday, October 4th. They noted that the move was a valuation call.
Shares of Texas Capital Bancshares (NASDAQ TCBI) traded down $2.50 on Thursday, hitting $87.75. The stock had a trading volume of 529,087 shares, compared to its average volume of 527,561. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.22 and a current ratio of 1.27. The firm has a market cap of $4,350.00, a P/E ratio of 23.61, a PEG ratio of 1.88 and a beta of 1.66. Texas Capital Bancshares has a 12 month low of $69.65 and a 12 month high of $95.20.
Texas Capital Bancshares (NASDAQ:TCBI) last issued its earnings results on Wednesday, October 18th. The bank reported $1.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.11 by $0.01. The company had revenue of $204.40 million during the quarter, compared to the consensus estimate of $214.08 million. Texas Capital Bancshares had a return on equity of 10.40% and a net margin of 22.50%. The firm’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period last year, the business posted $0.87 EPS. equities research analysts predict that Texas Capital Bancshares will post 4.03 earnings per share for the current fiscal year.
In other Texas Capital Bancshares news, COO Peter B. Bartholow sold 3,500 shares of Texas Capital Bancshares stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $87.52, for a total transaction of $306,320.00. Following the transaction, the chief operating officer now owns 34,171 shares of the company’s stock, valued at approximately $2,990,645.92. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.47% of the stock is owned by company insiders.
Several institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in shares of Texas Capital Bancshares by 2.5% during the 2nd quarter. Vanguard Group Inc. now owns 4,053,255 shares of the bank’s stock worth $313,721,000 after buying an additional 98,473 shares in the last quarter. State Street Corp lifted its position in shares of Texas Capital Bancshares by 14.8% during the 2nd quarter. State Street Corp now owns 3,497,607 shares of the bank’s stock worth $270,711,000 after buying an additional 449,797 shares in the last quarter. Capital Research Global Investors raised its holdings in shares of Texas Capital Bancshares by 26.5% in the 2nd quarter. Capital Research Global Investors now owns 2,127,895 shares of the bank’s stock worth $164,699,000 after purchasing an additional 445,248 shares during the period. American Century Companies Inc. raised its holdings in shares of Texas Capital Bancshares by 37.2% in the 2nd quarter. American Century Companies Inc. now owns 1,619,357 shares of the bank’s stock worth $125,338,000 after purchasing an additional 438,887 shares during the period. Finally, Wasatch Advisors Inc. raised its holdings in shares of Texas Capital Bancshares by 3.6% in the 2nd quarter. Wasatch Advisors Inc. now owns 1,438,060 shares of the bank’s stock worth $111,306,000 after purchasing an additional 50,474 shares during the period.
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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 loan, deposit account and other financial products and services to its customers. It offers a range of products and services for its business customers, including commercial loans for general corporate purposes, including financing for working capital, internal growth, acquisitions and financing for business insurance premiums; medium- and long-term tax-exempt loans for municipalities and other governmental and tax-exempt entities; wealth management and trust services, and letters of credit.
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