Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Receives $64.45 Average Price Target from Brokerages

Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Get Free Report) has earned an average rating of "Reduce" from the eleven analysts that are currently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $64.45.

TCBI has been the subject of a number of analyst reports. Royal Bank of Canada decreased their target price on shares of Texas Capital Bancshares from $68.00 to $66.00 and set a "sector perform" rating for the company in a research report on Tuesday, April 9th. Jefferies Financial Group decreased their target price on shares of Texas Capital Bancshares from $70.00 to $61.00 and set a "hold" rating for the company in a research report on Monday, April 8th. Barclays started coverage on shares of Texas Capital Bancshares in a research note on Friday, March 8th. They set an "underweight" rating and a $47.00 price target on the stock. Truist Financial lowered shares of Texas Capital Bancshares from a "buy" rating to a "hold" rating and cut their price target for the company from $72.00 to $66.00 in a research note on Monday, April 1st. Finally, Raymond James lowered shares of Texas Capital Bancshares from a "strong-buy" rating to a "market perform" rating in a research note on Thursday, April 4th.

Texas Capital Bancshares Stock Down 0.2 %

NASDAQ:TCBI traded down $0.09 during midday trading on Monday, reaching $56.43. 401,028 shares of the stock traded hands, compared to its average volume of 463,893. Texas Capital Bancshares has a 12-month low of $42.79 and a 12-month high of $66.18. The business has a 50-day moving average of $59.10 and a two-hundred day moving average of $59.06. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a market capitalization of $2.68 billion, a PE ratio of 15.94, a price-to-earnings-growth ratio of 1.99 and a beta of 1.19.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last posted its earnings results on Thursday, January 18th. The bank reported $0.33 EPS for the quarter, missing analysts' consensus estimates of $0.57 by ($0.24). Texas Capital Bancshares had a net margin of 10.56% and a return on equity of 7.28%. The firm had revenue of $245.85 million for the quarter, compared to analysts' expectations of $251.96 million. During the same period in the previous year, the company earned $0.87 EPS. On average, equities analysts forecast that Texas Capital Bancshares will post 3.55 earnings per share for the current fiscal year.

Insider Transactions at Texas Capital Bancshares

In other news, Director Robert W. Stallings purchased 6,000 shares of the company's stock in a transaction that occurred on Monday, February 5th. The shares were bought at an average price of $18.64 per share, for a total transaction of $111,840.00. Following the completion of the transaction, the director now owns 146,706 shares in the company, valued at $2,734,599.84. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Robert W. Stallings purchased 6,000 shares of the company's stock in a transaction that occurred on Monday, February 5th. The shares were bought at an average price of $18.64 per share, for a total transaction of $111,840.00. Following the completion of the transaction, the director now owns 146,706 shares in the company, valued at $2,734,599.84. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert W. Stallings purchased 5,000 shares of the company's stock in a transaction that occurred on Thursday, January 25th. The shares were purchased at an average price of $19.09 per share, for a total transaction of $95,450.00. Following the transaction, the director now owns 117,706 shares of the company's stock, valued at approximately $2,247,007.54. The disclosure for this purchase can be found here. Insiders have acquired 28,000 shares of company stock worth $612,850 over the last 90 days. 1.53% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Texas Capital Bancshares

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wellington Management Group LLP grew its position in shares of Texas Capital Bancshares by 78.0% in the third quarter. Wellington Management Group LLP now owns 559,200 shares of the bank's stock valued at $32,937,000 after purchasing an additional 245,074 shares during the period. Walleye Capital LLC boosted its position in Texas Capital Bancshares by 63.9% during the third quarter. Walleye Capital LLC now owns 174,311 shares of the bank's stock worth $10,267,000 after acquiring an additional 67,964 shares during the last quarter. New York State Common Retirement Fund boosted its position in Texas Capital Bancshares by 131.9% during the third quarter. New York State Common Retirement Fund now owns 150,829 shares of the bank's stock worth $8,884,000 after acquiring an additional 85,793 shares during the last quarter. First Dallas Securities Inc. acquired a new position in Texas Capital Bancshares during the third quarter worth about $1,178,000. Finally, North Reef Capital Management LP boosted its position in Texas Capital Bancshares by 99.2% during the third quarter. North Reef Capital Management LP now owns 1,450,000 shares of the bank's stock worth $85,405,000 after acquiring an additional 722,250 shares during the last quarter. 96.88% of the stock is owned by hedge funds and other 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.