Texas Capital Bancshares (TCBI) Given Hold Rating at Piper Jaffray Companies
Piper Jaffray Companies reissued their hold rating on shares of Texas Capital Bancshares (NASDAQ:TCBI) in a research report sent to investors on Tuesday morning. The firm currently has a $98.50 price target on the bank’s stock.
TCBI has been the subject of several other reports. Deutsche Bank increased their target price on Texas Capital Bancshares from $93.00 to $95.00 and gave the company a hold rating in a research note on Wednesday, November 8th. Zacks Investment Research cut Texas Capital Bancshares from a hold rating to a sell rating in a research note on Tuesday, October 3rd. Royal Bank of Canada restated a buy rating on shares of Texas Capital Bancshares in a research note on Friday, October 20th. BidaskClub cut Texas Capital Bancshares from a hold rating to a sell rating in a research note on Tuesday, December 12th. Finally, SunTrust Banks restated a buy rating and set a $100.00 price objective on shares of Texas Capital Bancshares in a research note on Wednesday, November 29th. Ten research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus target price of $95.83.
Texas Capital Bancshares (NASDAQ TCBI) opened at $98.60 on Tuesday. The company has a market capitalization of $4,890.00, a P/E ratio of 25.61, a PEG ratio of 1.50 and a beta of 1.66. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.22 and a current ratio of 1.27. Texas Capital Bancshares has a one year low of $69.65 and a one year high of $99.35.
Texas Capital Bancshares (NASDAQ:TCBI) last released 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 analysts’ expectations of $214.08 million. Texas Capital Bancshares had a return on equity of 10.40% and a net margin of 22.50%. The business’s revenue was up 11.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.87 EPS. sell-side analysts anticipate that Texas Capital Bancshares will post 4.04 earnings per share for the current year.
In other Texas Capital Bancshares news, COO Peter B. Bartholow sold 3,500 shares of the stock in a transaction on Friday, October 20th. The stock was sold at an average price of $87.52, for a total value of $306,320.00. Following the sale, the chief operating officer now directly owns 34,171 shares of the company’s stock, valued at $2,990,645.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.47% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Texas Capital Bancshares during the third quarter valued at $101,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Texas Capital Bancshares by 14.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,018 shares of the bank’s stock valued at $156,000 after purchasing an additional 248 shares during the period. Rehmann Capital Advisory Group acquired a new position in shares of Texas Capital Bancshares during the third quarter valued at $201,000. Cubist Systematic Strategies LLC acquired a new position in shares of Texas Capital Bancshares during the second quarter valued at $201,000. Finally, D.A. Davidson & CO. increased its holdings in shares of Texas Capital Bancshares by 14.3% during the second quarter. D.A. Davidson & CO. now owns 2,632 shares of the bank’s stock valued at $203,000 after purchasing an additional 329 shares during the period.
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Texas Capital Bancshares Company Profile
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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