Texas Capital Bancshares (TXSE:TXCP) Now Covered by Analysts at Jefferies Financial Group

Jefferies Financial Group initiated coverage on shares of Texas Capital Bancshares (TXSE:TXCP) in a report issued on Friday,Zacks reports. The firm issued a hold rating on the bank’s stock.

TXCP has been the topic of a number of other reports. Barclays lifted their target price on shares of Texas Capital Bancshares from $100.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 3rd. Stephens dropped their target price on shares of Texas Capital Bancshares from $116.00 to $112.00 and set an “overweight” rating for the company in a report on Thursday, July 23rd. Citigroup reissued a “neutral” rating on shares of Texas Capital Bancshares in a research report on Tuesday, October 27th. Royal Bank Of Canada decreased their target price on Texas Capital Bancshares from $113.00 to $110.00 and set a “sector perform” rating for the company in a report on Thursday, October 22nd. Finally, Zacks Research raised shares of Texas Capital Bancshares from a “hold” rating to a “strong-buy” rating in a report on Monday, November 9th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $106.00.

Texas Capital Bancshares Stock Performance

The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.15. Texas Capital Bancshares has a 12 month low of $96.74 and a 12 month high of $105.89. The company’s fifty day moving average is $96.64 and its 200 day moving average is $98.88. The company has a market capitalization of $4.24 billion, a P/E ratio of 12.83, a PEG ratio of 1.03 and a beta of 0.63.

Texas Capital Bancshares (TXSE:TXCP) last posted its quarterly earnings data on Wednesday, October 21st. The bank reported $2.35 earnings per share for the quarter, topping analysts’ consensus estimates of $1.96 by $0.39. Texas Capital Bancshares had a net margin of 17.74% and a return on equity of 11.04%. The company had revenue of $356.60 million during the quarter, compared to analysts’ expectations of $339.89 million. On average, analysts forecast that Texas Capital Bancshares will post 7.72 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 paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, December 1st. Texas Capital Bancshares’s payout ratio is currently 10.27%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Farther Finance Advisors LLC raised its position in Texas Capital Bancshares by 29.8% in the third quarter. Farther Finance Advisors LLC now owns 583 shares of the bank’s stock worth $54,000 after acquiring an additional 134 shares in the last quarter. Gabelli Funds LLC boosted its stake in shares of Texas Capital Bancshares by 1.0% during the 3rd quarter. Gabelli Funds LLC now owns 15,600 shares of the bank’s stock worth $1,451,000 after acquiring an additional 150 shares in the last quarter. Sterling Capital Management LLC boosted its stake in shares of Texas Capital Bancshares by 19.5% during the 3rd quarter. Sterling Capital Management LLC now owns 937 shares of the bank’s stock worth $87,000 after acquiring an additional 153 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Texas Capital Bancshares by 14.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,504 shares of the bank’s stock worth $143,000 after acquiring an additional 189 shares in the last quarter. Finally, Arizona State Retirement System grew its holdings in shares of Texas Capital Bancshares by 1.8% in the 2nd quarter. Arizona State Retirement System now owns 12,200 shares of the bank’s stock worth $1,260,000 after acquiring an additional 212 shares during the last quarter. Institutional investors and hedge funds own 96.88% of the company’s stock.

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.