Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Stock Has Average Price Target of $104.75 According to Analysts

Key Points

• Analysts hold a neutral view of Texas Capital Bancshares, with 13 analysts assigning a consensus “Hold” rating and an average 12-month price target of $104.75.
• The company reported quarterly EPS of $1.88, slightly ahead of estimates, while revenue rose 9.1% year over year to $335.5 million.
• TCBI shares opened at $93.20, below the analyst consensus target, and the bank maintains a quarterly dividend of $0.20 per share, equivalent to a 0.9% annual yield.

Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Get Free Report) has earned a consensus rating of "Hold" from the thirteen analysts that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $104.75.

Several equities analysts have recently weighed in on the stock. Fundamental Research set a $110.00 price objective on shares of Texas Capital Bancshares in a research note on Wednesday, July 1st. Weiss Ratings restated a "buy (b)" rating on shares of Texas Capital Bancshares in a research report on Monday, July 6th. Citigroup reduced their target price on shares of Texas Capital Bancshares from $107.00 to $104.00 and set a "neutral" rating for the company in a report on Tuesday, September 22nd. Stephens decreased their price target on shares of Texas Capital Bancshares from $116.00 to $112.00 and set an "overweight" rating on the stock in a research report on Thursday, July 23rd. Finally, JPMorgan Chase & Co. dropped their price target on shares of Texas Capital Bancshares from $110.00 to $100.00 and set an "underweight" rating on the stock in a research note on Thursday.

Insider Buying and Selling

In related news, insider Ellen Detrich sold 2,045 shares of Texas Capital Bancshares 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 transaction, the insider directly owned 7,529 shares in the company, valued at approximately $753,125.87. The trade was a 21.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.91% of the company's stock.

Institutional Trading of Texas Capital Bancshares

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Cim Investment Management Inc. purchased a new position in shares of Texas Capital Bancshares during the 2nd quarter valued at about $234,000. Sequoia Financial Advisors LLC purchased a new stake in Texas Capital Bancshares in the 2nd quarter worth approximately $281,000. Engineers Gate Manager LP purchased a new stake in Texas Capital Bancshares in the 2nd quarter worth approximately $1,256,000. Squarepoint Ops LLC bought a new stake in Texas Capital Bancshares during the 2nd quarter worth approximately $3,244,000. Finally, Allworth Financial LP raised its stake in Texas Capital Bancshares by 22.6% during the 2nd quarter. Allworth Financial LP now owns 1,320 shares of the bank's stock worth $136,000 after acquiring an additional 243 shares during the period. Hedge funds and other institutional investors own 96.88% of the company's stock.

Texas Capital Bancshares Stock Up 0.2%

TCBI stock opened at $93.20 on Friday. Texas Capital Bancshares has a fifty-two week low of $75.41 and a fifty-two week high of $108.92. The business's 50-day moving average is $97.82 and its two-hundred day moving average is $99.15. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market cap of $4.05 billion, a price-to-earnings ratio of 12.12, a P/E/G ratio of 1.13 and a beta of 0.63.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The bank reported $1.88 earnings per share (EPS) for the quarter, beating 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 business had revenue of $335.50 million during the quarter, compared to the consensus estimate of $333.37 million. During the same period in the previous year, the company posted $1.63 EPS. The business's quarterly revenue was up 9.1% compared to the same quarter last year. As a group, analysts forecast that Texas Capital Bancshares will post 7.39 earnings per share for the current year.

Texas Capital Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Tuesday, September 1st. Texas Capital Bancshares's dividend payout ratio (DPR) is currently 10.40%.

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 provides banking and financial services primarily to businesses, entrepreneurs, professionals and high-net-worth individuals.

Its offerings include commercial and corporate banking, lending, treasury and cash-management services, investment banking, capital markets solutions, private wealth management and personal banking products. Texas Capital Bank also serves specialized industries and markets through expertise in areas such as real estate, energy, technology and healthcare.

Founded in 1998, Texas Capital Bank has expanded from its Texas roots to serve clients across the United States, with a particular focus on major Texas business centers.

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