Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Stock Has Consensus Price Target of $105.09

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) has received an average recommendation of “Hold” from the twelve research firms that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $105.09.

A number of brokerages have recently commented on TCBI. Barclays upgraded Texas Capital Bancshares from an “underweight” rating to an “equal weight” rating and set a $100.00 price target for the company in a report on Monday, August 3rd. Wall Street Zen raised shares of Texas Capital Bancshares from a “sell” rating to a “hold” rating in a research report on Saturday, August 29th. DA Davidson set a $105.00 target price on shares of Texas Capital Bancshares in a research note on Thursday, October 22nd. Citigroup reissued a “neutral” rating on shares of Texas Capital Bancshares in a research report on Tuesday. Finally, Piper Sandler boosted their price target on Texas Capital Bancshares from $100.00 to $101.00 and gave the company a “neutral” rating in a research note on Thursday, October 22nd.

Texas Capital Bancshares Trading Up 1.1%

Shares of NASDAQ:TCBI opened at $102.69 on Tuesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.99 and a current ratio of 0.99. The stock’s 50-day moving average is $95.67 and its 200-day moving average is $98.65. The company has a market cap of $4.36 billion, a P/E ratio of 13.18, a P/E/G ratio of 1.04 and a beta of 0.63. Texas Capital Bancshares has a 52-week low of $81.26 and a 52-week high of $108.92.

Texas Capital Bancshares (NASDAQ:TCBI) last posted its quarterly earnings data on Wednesday, October 21st. The bank reported $2.35 earnings per share for the quarter, topping the consensus estimate of $1.96 by $0.39. The business had revenue of $356.60 million during the quarter, compared to analysts’ expectations of $339.89 million. Texas Capital Bancshares had a return on equity of 11.04% and a net margin of 17.74%. Equities research analysts predict that Texas Capital Bancshares will post 7.65 earnings per share for the current year.

Texas Capital Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be given a $0.20 dividend. The ex-dividend date is Tuesday, December 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.8%. Texas Capital Bancshares’s dividend payout ratio (DPR) is currently 10.27%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Farther Finance Advisors LLC lifted its holdings in shares of Texas Capital Bancshares by 29.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 583 shares of the bank’s stock worth $54,000 after acquiring an additional 134 shares during the period. Root Financial Partners LLC increased its stake in Texas Capital Bancshares by 85.2% in the first quarter. Root Financial Partners LLC now owns 326 shares of the bank’s stock valued at $31,000 after acquiring an additional 150 shares during the period. Sterling Capital Management LLC increased its stake in Texas Capital Bancshares by 19.5% in the third quarter. Sterling Capital Management LLC now owns 937 shares of the bank’s stock valued at $87,000 after acquiring an additional 153 shares during the period. EverSource Wealth Advisors LLC raised its position in Texas Capital Bancshares by 14.4% in the first quarter. EverSource Wealth Advisors LLC now owns 1,504 shares of the bank’s stock worth $143,000 after purchasing an additional 189 shares in the last quarter. Finally, Arizona State Retirement System raised its position in Texas Capital Bancshares by 1.8% in the second quarter. Arizona State Retirement System now owns 12,200 shares of the bank’s stock worth $1,260,000 after purchasing an additional 212 shares in the last quarter. 96.88% of the stock is currently owned by institutional investors and hedge funds.

About Texas Capital Bancshares

Texas Capital Bancshares, Inc is the parent company of Texas Capital Bank, a full-service financial institution headquartered in Dallas, Texas. The bank primarily serves commercial and middle-market businesses, entrepreneurs, professionals, high-net-worth individuals and institutions.

Texas Capital Bank offers commercial and private banking services, including business and personal deposit accounts, commercial and real estate lending, treasury management, wealth management and related financial solutions.