Keefe, Bruyette & Woods Issues Pessimistic Forecast for Texas Capital Bancshares (NASDAQ:TCBI) Stock Price

Texas Capital Bancshares (NASDAQ:TCBI - Free Report) had its target price trimmed by Keefe, Bruyette & Woods from $92.00 to $86.00 in a report released on Monday,Benzinga reports. The firm currently has an outperform rating on the bank's stock.

Several other research analysts also recently weighed in on TCBI. Barclays dropped their target price on shares of Texas Capital Bancshares from $73.00 to $70.00 and set an "underweight" rating for the company in a report on Tuesday, April 8th. Hovde Group cut their target price on Texas Capital Bancshares from $84.00 to $75.00 and set a "market perform" rating for the company in a research report on Monday, April 21st. Raymond James lowered their price target on Texas Capital Bancshares from $87.00 to $80.00 and set an "outperform" rating on the stock in a report on Monday, April 21st. JPMorgan Chase & Co. cut their price objective on shares of Texas Capital Bancshares from $81.00 to $80.00 and set an "underweight" rating for the company in a report on Friday, January 24th. Finally, DA Davidson reduced their price objective on shares of Texas Capital Bancshares from $90.00 to $87.00 and set a "neutral" rating on the stock in a research report on Friday, January 24th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Texas Capital Bancshares presently has an average rating of "Hold" and a consensus target price of $76.64.

Texas Capital Bancshares Stock Performance

NASDAQ:TCBI traded down $0.32 during mid-day trading on Monday, hitting $67.89. 447,388 shares of the company traded hands, compared to its average volume of 446,740. The stock's fifty day moving average price is $71.75 and its 200-day moving average price is $77.86. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.22. Texas Capital Bancshares has a one year low of $56.24 and a one year high of $91.80. The firm has a market cap of $3.12 billion, a price-to-earnings ratio of 53.04, a price-to-earnings-growth ratio of 0.75 and a beta of 0.74.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last released its earnings results on Thursday, April 17th. The bank reported $0.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.99 by ($0.07). The firm had revenue of $280.48 million during the quarter, compared to analysts' expectations of $284.40 million. Texas Capital Bancshares had a return on equity of 9.14% and a net margin of 3.99%. Research analysts anticipate that Texas Capital Bancshares will post 5.84 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Robert W. Stallings acquired 500 shares of the business's stock in a transaction on Wednesday, April 23rd. The shares were acquired at an average price of $68.20 per share, for a total transaction of $34,100.00. Following the completion of the transaction, the director now directly owns 289,961 shares of the company's stock, valued at approximately $19,775,340.20. The trade was a 0.17 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have purchased 28,732 shares of company stock valued at $820,610 over the last ninety days. 1.72% of the stock is owned by insiders.

Hedge Funds Weigh In On Texas Capital Bancshares

Hedge funds have recently added to or reduced their stakes in the company. Picton Mahoney Asset Management purchased a new stake in shares of Texas Capital Bancshares in the fourth quarter worth approximately $30,000. Assetmark Inc. bought a new position in Texas Capital Bancshares in the 4th quarter valued at $32,000. Venturi Wealth Management LLC purchased a new stake in Texas Capital Bancshares in the fourth quarter worth $37,000. R Squared Ltd bought a new stake in shares of Texas Capital Bancshares during the fourth quarter worth $41,000. Finally, UMB Bank n.a. boosted its stake in shares of Texas Capital Bancshares by 1,089.8% during the first quarter. UMB Bank n.a. now owns 583 shares of the bank's stock valued at $44,000 after purchasing an additional 534 shares during the period. 96.88% of the stock is currently owned by institutional investors.

Texas Capital Bancshares Company Profile

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.