Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Stock Has Consensus Price Target of $105.09

Key Points

• Analysts have a consensus “Hold” rating on Texas Capital Bancshares, with eight holds, three buys and one sell. The average 12-month price target is $105.09, slightly above the stock’s $101.61 opening price.
• The bank exceeded quarterly expectations, reporting $2.35 in EPS versus the $1.96 consensus and revenue of $356.6 million versus $339.89 million expected.
• Texas Capital Bancshares declared a quarterly dividend of $0.20 per share, equating to an annualized $0.80 dividend and a 0.8% yield; institutional investors own 96.88% of the stock.

Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Get Free Report) has been assigned an average recommendation of "Hold" from the twelve ratings firms that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $105.09.

TCBI has been the topic of several recent analyst reports. Stephens cut their target price on Texas Capital Bancshares from $116.00 to $112.00 and set an "overweight" rating on the stock in a research note on Thursday, July 23rd. Barclays raised Texas Capital Bancshares from an "underweight" rating to an "equal weight" rating and set a $100.00 price target for the company in a research report on Monday, August 3rd. Fundamental Research set a $110.00 price objective on Texas Capital Bancshares in a report on Wednesday, July 1st. Piper Sandler lifted their price objective on Texas Capital Bancshares from $100.00 to $101.00 and gave the stock a "neutral" rating in a research report on Thursday. Finally, Royal Bank Of Canada reduced their target price on Texas Capital Bancshares from $113.00 to $110.00 and set a "sector perform" rating on the stock in a research note on Thursday, October 22nd.

Texas Capital Bancshares Price Performance

Shares of Texas Capital Bancshares stock opened at $101.61 on Tuesday. The firm has a market cap of $4.31 billion, a PE ratio of 13.04, a price-to-earnings-growth ratio of 1.04 and a beta of 0.63. Texas Capital Bancshares has a 12-month low of $81.26 and a 12-month high of $108.92. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.15. The company's fifty day simple moving average is $95.55 and its two-hundred day simple moving average is $98.58.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last released its quarterly earnings data on Wednesday, October 21st. The bank reported $2.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 net margin of 17.74% and a return on equity of 11.04%. As a group, equities analysts expect that Texas Capital Bancshares will post 7.65 EPS for the current year.

Texas Capital Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Tuesday, December 1st will be paid a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a $0.80 dividend on an annualized basis and a yield of 0.8%. Texas Capital Bancshares's dividend payout ratio (DPR) is presently 10.27%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new position in Texas Capital Bancshares in the 2nd quarter worth $578,148,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in shares of Texas Capital Bancshares during the second quarter valued at about $75,429,000. Bank of America Corp DE purchased a new position in shares of Texas Capital Bancshares during the second quarter valued at about $47,997,000. Bank of New York Mellon Corp bought a new position in Texas Capital Bancshares in the second quarter worth about $43,244,000. Finally, Azora Capital LP bought a new position in Texas Capital Bancshares in the second quarter worth about $42,104,000. 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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