Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Receives $105.83 Consensus PT from Brokerages

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) has been assigned a consensus rating of “Hold” from the thirteen brokerages that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $105.8333.

A number of analysts have weighed in on TCBI shares. Wall Street Zen upgraded Texas Capital Bancshares from a “sell” rating to a “hold” rating in a report on Saturday, August 29th. Barclays upgraded shares of Texas Capital Bancshares from an “underweight” rating to an “equal weight” rating and set a $100.00 price objective on the stock in a report on Monday, August 3rd. Citigroup raised their target price on Texas Capital Bancshares from $105.00 to $107.00 and gave the company a “neutral” rating in a report on Friday, July 24th. JPMorgan Chase & Co. upped their price objective on shares of Texas Capital Bancshares from $105.00 to $110.00 and gave the stock an “underweight” rating in a research report on Wednesday, July 1st. Finally, TD Cowen reduced their price objective on Texas Capital Bancshares from $109.00 to $106.00 and set a “hold” rating for the company in a research note on Monday, July 27th.

Texas Capital Bancshares Price Performance

Shares of NASDAQ:TCBI opened at $99.09 on Monday. The firm’s fifty day moving average is $100.14 and its 200-day moving average is $99.14. Texas Capital Bancshares has a 52 week low of $75.41 and a 52 week high of $108.92. The firm has a market cap of $4.31 billion, a PE ratio of 12.89, a price-to-earnings-growth ratio of 1.21 and a beta of 0.66. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.00 and a current ratio of 1.00.

Texas Capital Bancshares (NASDAQ:TCBI) last issued its quarterly earnings data on Wednesday, July 22nd. The bank reported $1.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.87 by $0.01. Texas Capital Bancshares had a return on equity of 10.86% and a net margin of 17.90%.The company had revenue of $335.50 million during the quarter, compared to the consensus estimate of $333.37 million. During the same period last year, the company earned $1.63 earnings per share. The firm’s revenue was up 9.1% compared to the same quarter last year. Sell-side analysts predict that Texas Capital Bancshares will post 7.39 earnings per share for the current year.

Texas Capital Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be paid a $0.20 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $0.80 annualized dividend and a dividend yield of 0.8%. Texas Capital Bancshares’s dividend payout ratio (DPR) is presently 10.40%.

Insider Transactions at Texas Capital Bancshares

In other Texas Capital Bancshares news, insider Ellen Detrich sold 2,045 shares of the stock in a transaction on Friday, July 24th. The stock was sold at an average price of $100.03, for a total transaction of $204,561.35. Following the sale, the insider owned 7,529 shares in the company, valued at $753,125.87. This represents a 21.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.91% of the stock is owned by insiders.

Institutional Investors Weigh In On Texas Capital Bancshares

A number of institutional investors and hedge funds have recently modified their holdings of TCBI. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Texas Capital Bancshares in the second quarter worth $1,683,000. Hillsdale Investment Management Inc. lifted its position in Texas Capital Bancshares by 57,777.8% in the 4th quarter. Hillsdale Investment Management Inc. now owns 52,090 shares of the bank’s stock worth $4,716,000 after buying an additional 52,000 shares during the last quarter. BlackRock Inc. purchased a new stake in shares of Texas Capital Bancshares in the 2nd quarter valued at $578,148,000. Quantinno Capital Management LP boosted its position in Texas Capital Bancshares by 288.1% during the first quarter. Quantinno Capital Management LP now owns 34,729 shares of the bank’s stock valued at $3,295,000 after buying an additional 25,781 shares during the period. Finally, The Manufacturers Life Insurance Company purchased a new stake in Texas Capital Bancshares during the 2nd quarter valued at about $4,228,000. 96.88% of the stock is owned by hedge funds and other institutional investors.

Texas Capital Bancshares Company Profile

Texas Capital Bancshares, Inc is the parent company of Texas Capital Bank, a full-service financial institution headquartered in Dallas, Texas. The bank provides banking, lending and financial services to businesses, entrepreneurs, professionals, high-net-worth individuals and institutional clients.

Its offerings include commercial and industrial lending, commercial real estate financing, treasury management, private banking, wealth management, investment banking and capital markets services.