Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) have been assigned a consensus recommendation of “Hold” from the fourteen brokerages that are presently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation, six have issued a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $101.1667.

A number of brokerages recently issued reports on TCBI. Stephens boosted their price target on Texas Capital Bancshares from $111.00 to $114.00 and gave the company an “overweight” rating in a report on Friday, January 23rd. Hovde Group raised their price objective on Texas Capital Bancshares from $93.00 to $102.00 and gave the stock a “market perform” rating in a report on Tuesday, January 27th. Barclays lifted their target price on Texas Capital Bancshares from $90.00 to $100.00 and gave the company an “underweight” rating in a research report on Friday, January 23rd. Piper Sandler upped their target price on Texas Capital Bancshares from $86.00 to $96.00 and gave the stock a “neutral” rating in a report on Friday, January 23rd. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Texas Capital Bancshares in a research report on Wednesday, January 28th.

Insider Buying and Selling

In other Texas Capital Bancshares news, Director Paola M. Arbour acquired 1,000 shares of the stock in a transaction that occurred on Wednesday, March 11th. The stock was bought at an average cost of $91.50 per share, with a total value of $91,500.00. Following the completion of the purchase, the director directly owned 6,671 shares in the company, valued at $610,396.50. The trade was a 17.63% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Laura L. Whitley bought 500 shares of the company’s stock in a transaction on Monday, January 26th. The shares were acquired at an average price of $97.51 per share, for a total transaction of $48,755.00. Following the completion of the acquisition, the director owned 7,961 shares in the company, valued at $776,277.11. This represents a 6.70% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired a total of 49,500 shares of company stock valued at $1,252,855 over the last three months. 1.91% of the stock is owned by company insiders.

Hedge Funds Weigh In On Texas Capital Bancshares

Several institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC lifted its holdings in Texas Capital Bancshares by 10.0% during the third quarter. GAMMA Investing LLC now owns 1,332 shares of the bank’s stock worth $113,000 after buying an additional 121 shares during the period. Vanguard Personalized Indexing Management LLC increased its holdings in shares of Texas Capital Bancshares by 4.5% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 2,902 shares of the bank’s stock valued at $245,000 after acquiring an additional 126 shares during the period. Arizona State Retirement System raised its position in shares of Texas Capital Bancshares by 0.9% in the 3rd quarter. Arizona State Retirement System now owns 13,575 shares of the bank’s stock worth $1,147,000 after acquiring an additional 126 shares in the last quarter. Commonwealth Equity Services LLC lifted its stake in shares of Texas Capital Bancshares by 2.3% during the 4th quarter. Commonwealth Equity Services LLC now owns 6,079 shares of the bank’s stock worth $550,000 after purchasing an additional 135 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in shares of Texas Capital Bancshares by 4.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 3,665 shares of the bank’s stock worth $310,000 after purchasing an additional 142 shares during the last quarter. 96.88% of the stock is owned by hedge funds and other institutional investors.

Texas Capital Bancshares Trading Up 0.2%

Shares of TCBI opened at $91.98 on Monday. Texas Capital Bancshares has a 1-year low of $59.37 and a 1-year high of $108.92. The company has a 50-day moving average of $98.43 and a 200 day moving average of $91.72. The firm has a market capitalization of $4.07 billion, a price-to-earnings ratio of 13.53, a PEG ratio of 0.44 and a beta of 0.66. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.00 and a quick ratio of 1.00.

Texas Capital Bancshares (NASDAQ:TCBI) last issued its earnings results on Thursday, January 22nd. The bank reported $2.08 EPS for the quarter, topping analysts’ consensus estimates of $1.78 by $0.30. The business had revenue of $327.48 million for the quarter, compared to the consensus estimate of $324.09 million. Texas Capital Bancshares had a net margin of 16.52% and a return on equity of 10.05%. During the same period in the prior year, the firm earned $1.43 EPS. On average, research analysts expect that Texas Capital Bancshares will post 5.84 EPS for the current year.

Texas Capital Bancshares Company Profile

Texas Capital Bancshares, Inc is a bank holding company headquartered in Dallas, Texas, operating through its wholly owned subsidiary, Texas Capital Bank. The company specializes in providing commercial banking services to middle-market companies, entrepreneurs, professional service firms, real estate developers, and not-for-profit organizations. Its broad range of offerings includes commercial lending, treasury and cash management, real estate finance, equipment finance, and energy lending, all designed to address the unique financial needs of businesses navigating growth and market challenges.

In addition to its core commercial banking capabilities, Texas Capital Bancshares delivers private banking and wealth management services for business owners and high-net-worth individuals.