Texas Capital Bancshares (NASDAQ:TCBI) Given New $78.00 Price Target at Barclays

Texas Capital Bancshares (NASDAQ:TCBI - Free Report) had its target price boosted by Barclays from $70.00 to $78.00 in a research report report published on Tuesday morning,Benzinga reports. The firm currently has an underweight rating on the bank's stock.

Other equities analysts have also recently issued research reports about the company. Raymond James Financial lowered their price target on Texas Capital Bancshares from $87.00 to $80.00 and set an "outperform" rating for the company in a report on Monday, April 21st. Stephens lowered their target price on Texas Capital Bancshares from $95.00 to $90.00 and set an "overweight" rating for the company in a report on Monday, April 21st. DA Davidson lowered their target price on Texas Capital Bancshares from $81.00 to $76.00 and set a "neutral" rating for the company in a report on Monday, April 21st. JPMorgan Chase & Co. upped their target price on Texas Capital Bancshares from $70.00 to $82.00 and gave the stock an "underweight" rating in a report on Tuesday, July 1st. Finally, Jefferies Financial Group set a $80.00 target price on Texas Capital Bancshares and gave the stock a "hold" rating in a report on Wednesday, May 21st. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $79.43.

Texas Capital Bancshares Price Performance

Shares of NASDAQ:TCBI traded up $0.70 during trading on Tuesday, reaching $87.38. 30,762 shares of the company traded hands, compared to its average volume of 459,314. The company's 50 day moving average is $75.91 and its two-hundred day moving average is $75.23. The firm has a market capitalization of $4.01 billion, a PE ratio of 50.35, a PEG ratio of 0.96 and a beta of 0.66. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.21. Texas Capital Bancshares has a 52 week low of $56.24 and a 52 week high of $91.80.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last posted its quarterly earnings results on Thursday, April 17th. The bank reported $0.92 EPS for the quarter, missing analysts' consensus estimates of $0.99 by ($0.07). Texas Capital Bancshares had a return on equity of 9.39% and a net margin of 5.04%. The business had revenue of $280.48 million for the quarter, compared to analyst estimates of $284.40 million. As a group, sell-side analysts predict that Texas Capital Bancshares will post 5.84 earnings per share for the current year.

Insider Activity at Texas Capital Bancshares

In other Texas Capital Bancshares news, Director Robert W. Stallings bought 10,500 shares of the business's stock in a transaction that occurred on Wednesday, June 11th. The shares were bought at an average price of $20.28 per share, for a total transaction of $212,940.00. Following the transaction, the director directly owned 60,000 shares in the company, valued at approximately $1,216,800. This trade represents a 21.21% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last 90 days, insiders bought 29,800 shares of company stock worth $1,059,205. 1.72% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Pallas Capital Advisors LLC boosted its holdings in Texas Capital Bancshares by 11.3% in the second quarter. Pallas Capital Advisors LLC now owns 4,255 shares of the bank's stock worth $338,000 after acquiring an additional 432 shares in the last quarter. Harbor Investment Advisory LLC bought a new position in Texas Capital Bancshares in the second quarter worth approximately $656,000. Strs Ohio bought a new position in Texas Capital Bancshares in the first quarter worth approximately $194,000. Intech Investment Management LLC boosted its holdings in Texas Capital Bancshares by 22.1% in the first quarter. Intech Investment Management LLC now owns 29,790 shares of the bank's stock worth $2,225,000 after acquiring an additional 5,393 shares in the last quarter. Finally, Bayforest Capital Ltd boosted its holdings in Texas Capital Bancshares by 69.7% in the first quarter. Bayforest Capital Ltd now owns 2,309 shares of the bank's stock worth $172,000 after acquiring an additional 948 shares in the last quarter. Institutional investors own 96.88% of the company's stock.

About Texas Capital Bancshares

Texas Capital Bancshares, Inc operates as the bank holding company for Texas Capital Bank, is a full-service financial services firm that delivers customized solutions to businesses, entrepreneurs, and individual customers. The company offers commercial banking; consumer banking; investment banking solutions, including capital markets, mergers and acquisitions, and syndicated finance, as well as financial sponsor coverage, capital solutions, and institutional services; and wealth management services, such as investment management, financial planning, lockbox and insurance, securities-based lending, estate planning, and business succession, as well as philanthropic, trustee and executor, custom credit, and depository services.