Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Given Average Rating of “Hold” by Brokerages

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) has been given a consensus rating of “Hold” by the thirteen analysts that are covering the firm, MarketBeat reports. Three research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $104.0909.

Several analysts recently issued reports on TCBI shares. Wall Street Zen upgraded Texas Capital Bancshares from a “sell” rating to a “hold” rating in a report on Sunday, May 17th. Piper Sandler increased their price target on Texas Capital Bancshares from $96.00 to $100.00 and gave the company a “neutral” rating in a report on Friday, April 24th. Citigroup increased their price target on Texas Capital Bancshares from $88.00 to $96.00 and gave the company a “sell” rating in a report on Tuesday, April 28th. Royal Bank Of Canada increased their price target on Texas Capital Bancshares from $110.00 to $114.00 and gave the company a “sector perform” rating in a report on Friday, April 24th. Finally, Zacks Research downgraded Texas Capital Bancshares from a “strong-buy” rating to a “hold” rating in a report on Monday, March 30th.

Insider Buying and Selling at Texas Capital Bancshares

In related news, Director Paola M. Arbour purchased 1,000 shares of the stock in a transaction that occurred on Wednesday, March 11th. The stock was purchased at an average cost of $91.50 per share, for a total transaction of $91,500.00. Following the acquisition, the director owned 6,671 shares in the company, valued at approximately $610,396.50. This trade represents a 17.63% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert W. Stallings purchased 5,500 shares of the stock in a transaction that occurred on Friday, March 6th. The stock was bought at an average price of $22.80 per share, with a total value of $125,400.00. Following the completion of the acquisition, the director owned 175,087 shares in the company, valued at $3,991,983.60. This represents a 3.24% increase in their position. The SEC filing for this purchase provides additional information. Over the last quarter, insiders purchased 26,500 shares of company stock valued at $670,700. 1.91% of the stock is owned by insiders.

Hedge Funds Weigh In On Texas Capital Bancshares

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. T. Rowe Price Investment Management Inc. boosted its position in Texas Capital Bancshares by 1.3% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,376,880 shares of the bank’s stock valued at $305,743,000 after buying an additional 43,003 shares during the last quarter. AQR Capital Management LLC boosted its position in Texas Capital Bancshares by 16.4% in the 4th quarter. AQR Capital Management LLC now owns 2,234,678 shares of the bank’s stock valued at $202,328,000 after buying an additional 315,484 shares during the last quarter. Geode Capital Management LLC boosted its position in Texas Capital Bancshares by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 1,197,494 shares of the bank’s stock valued at $108,436,000 after buying an additional 33,709 shares during the last quarter. Azora Capital LP lifted its position in shares of Texas Capital Bancshares by 11.5% during the third quarter. Azora Capital LP now owns 1,036,613 shares of the bank’s stock worth $87,625,000 after purchasing an additional 106,599 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its position in shares of Texas Capital Bancshares by 2.2% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 847,583 shares of the bank’s stock worth $76,740,000 after purchasing an additional 18,258 shares during the last quarter. 96.88% of the stock is owned by hedge funds and other institutional investors.

Texas Capital Bancshares Trading Down 0.2%

TCBI stock opened at $99.49 on Friday. The company has a market cap of $4.34 billion, a price-to-earnings ratio of 13.37, a PEG ratio of 1.42 and a beta of 0.68. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.27. The business has a fifty day simple moving average of $98.70 and a 200-day simple moving average of $96.45. Texas Capital Bancshares has a 52 week low of $70.11 and a 52 week high of $108.92.

Texas Capital Bancshares (NASDAQ:TCBI) last released its quarterly earnings data on Thursday, April 23rd. The bank reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.42 by $0.16. The business had revenue of $323.99 million during the quarter, compared to the consensus estimate of $318.10 million. Texas Capital Bancshares had a return on equity of 10.76% and a net margin of 17.71%.The business’s revenue for the quarter was up 15.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.92 EPS. On average, equities research analysts expect that Texas Capital Bancshares will post 7.63 EPS for the current year.

Texas Capital Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.8%. The ex-dividend date is Monday, June 1st.

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.