Texas Capital Bancshares (TXSE:TXCP) Coverage Initiated by Analysts at Jefferies Financial Group

Key Points

• Jefferies initiated coverage of Texas Capital Bancshares with a “hold” rating. Across analysts, the stock has an average “hold” rating and an average price target of $106.
• The bank reported quarterly EPS of $2.35, beating the $1.96 consensus estimate, while revenue of $356.6 million also topped expectations of $339.89 million.
• Institutional investors and hedge funds own 96.88% of the company’s shares.

Equities researchers at Jefferies Financial Group began coverage on shares of Texas Capital Bancshares (TXSE:TXCP - Get Free Report) in a research note issued to investors on Friday, Zacks reports. The brokerage set a "hold" rating on the bank's stock.

Several other analysts have also weighed in on the company. Citigroup restated a "neutral" rating on shares of Texas Capital Bancshares in a report on Tuesday, October 27th. Stephens decreased their target price on Texas Capital Bancshares from $116.00 to $112.00 and set an "overweight" rating for the company in a research note on Thursday, July 23rd. DA Davidson set a $105.00 target price on Texas Capital Bancshares in a report on Thursday, October 22nd. Piper Sandler boosted their price target on shares of Texas Capital Bancshares from $100.00 to $101.00 and gave the stock a "neutral" rating in a research report on Thursday, October 22nd. Finally, TD Cowen boosted their price target on shares of Texas Capital Bancshares from $100.00 to $104.00 and gave the stock a "hold" rating in a research report on Friday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $106.00.

Texas Capital Bancshares Stock Performance

Texas Capital Bancshares has a 12-month low of $96.74 and a 12-month high of $105.89. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $4.24 billion, a PE ratio of 12.83, a P/E/G ratio of 1.03 and a beta of 0.63. The stock's 50 day moving average price is $96.64 and its two-hundred day moving average price is $98.88.

Texas Capital Bancshares (TXSE:TXCP - Get Free Report) last announced its earnings results on Wednesday, October 21st. The bank reported $2.35 EPS for the quarter, topping the consensus estimate of $1.96 by $0.39. The firm had revenue of $356.60 million for 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%. On average, research analysts expect that Texas Capital Bancshares will post 7.72 EPS for the current fiscal year.

Institutional Investors Weigh In On Texas Capital Bancshares

Several hedge funds have recently modified their holdings of the stock. Root Financial Partners LLC acquired a new stake in shares of Texas Capital Bancshares during the third quarter valued at approximately $26,000. Ameritas Advisory Services LLC purchased a new stake in shares of Texas Capital Bancshares in the 2nd quarter valued at approximately $34,000. FNY Investment Advisers LLC acquired a new position in Texas Capital Bancshares in the 2nd quarter worth approximately $51,000. Farther Finance Advisors LLC boosted its stake in Texas Capital Bancshares by 29.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 583 shares of the bank's stock worth $54,000 after purchasing an additional 134 shares during the period. Finally, Westpac Banking Corp purchased a new position in Texas Capital Bancshares during the 1st quarter worth approximately $58,000. 96.88% of the stock is owned by hedge funds and other institutional investors.

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.

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