Jefferies Financial Group Lowers Texas Capital Bancshares (NASDAQ:TCBI) Price Target to $61.00

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) had its target price reduced by Jefferies Financial Group from $70.00 to $61.00 in a research note issued on Monday, Benzinga reports. The firm presently has a "hold" rating on the bank's stock. Jefferies Financial Group's target price indicates a potential upside of 2.71% from the company's current price.

TCBI has been the subject of several other research reports. Truist Financial lowered shares of Texas Capital Bancshares from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $72.00 to $66.00 in a report on Monday, April 1st. Royal Bank of Canada increased their price target on shares of Texas Capital Bancshares from $65.00 to $68.00 and gave the company a "sector perform" rating in a research note on Friday, January 19th. Stephens increased their price target on shares of Texas Capital Bancshares from $78.00 to $79.00 and gave the company an "overweight" rating in a research note on Monday, January 22nd. Barclays initiated 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. Finally, Mizuho reissued a "hold" rating and set a $66.00 price target (down from $72.00) on shares of Texas Capital Bancshares in a research note on Monday, April 1st. Four analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Texas Capital Bancshares currently has an average rating of "Hold" and a consensus price target of $64.64.

Texas Capital Bancshares Price Performance

NASDAQ:TCBI traded up $0.74 during mid-day trading on Monday, hitting $59.39. The company's stock had a trading volume of 533,461 shares, compared to its average volume of 472,202. Texas Capital Bancshares has a fifty-two week low of $42.79 and a fifty-two week high of $66.18. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $2.82 billion, a price-to-earnings ratio of 16.81, a P/E/G ratio of 2.05 and a beta of 1.19. The stock has a fifty day moving average of $59.55 and a 200-day moving average of $59.11.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last posted its quarterly earnings data on Thursday, January 18th. The bank reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.24). The firm had revenue of $245.85 million for the quarter, compared to analyst estimates of $251.96 million. Texas Capital Bancshares had a return on equity of 7.28% and a net margin of 10.56%. During the same period in the previous year, the business posted $0.87 EPS. As a group, equities analysts forecast that Texas Capital Bancshares will post 3.58 EPS for the current fiscal year.

Insider Buying and Selling at Texas Capital Bancshares

In other news, Director Robert W. Stallings purchased 5,000 shares of Texas Capital Bancshares stock in a transaction dated Thursday, January 25th. The shares were bought at an average cost of $19.09 per share, with a total value of $95,450.00. Following the completion of the transaction, the director now directly owns 117,706 shares in the company, valued at approximately $2,247,007.54. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Thomas E. Long purchased 2,000 shares of Texas Capital Bancshares stock in a transaction dated Tuesday, February 27th. The shares were bought at an average cost of $58.78 per share, with a total value of $117,560.00. Following the completion of the transaction, the director now directly owns 7,542 shares in the company, valued at approximately $443,318.76. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Robert W. Stallings purchased 5,000 shares of Texas Capital Bancshares stock in a transaction dated Thursday, January 25th. The shares were purchased at an average cost of $19.09 per share, for a total transaction of $95,450.00. Following the completion of the transaction, the director now owns 117,706 shares of the company's stock, valued at $2,247,007.54. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 28,000 shares of company stock valued at $612,850. 1.53% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Texas Capital Bancshares

A number of hedge funds and other institutional investors have recently made changes to their positions in TCBI. Lazard Asset Management LLC acquired a new stake in shares of Texas Capital Bancshares during the third quarter worth $32,000. CWM LLC raised its holdings in shares of Texas Capital Bancshares by 426.6% during the first quarter. CWM LLC now owns 674 shares of the bank's stock worth $41,000 after acquiring an additional 546 shares during the period. US Bancorp DE increased its stake in Texas Capital Bancshares by 165.7% in the 4th quarter. US Bancorp DE now owns 667 shares of the bank's stock valued at $43,000 after buying an additional 416 shares during the last quarter. Atwood & Palmer Inc. acquired a new stake in Texas Capital Bancshares in the 3rd quarter valued at $47,000. Finally, Osaic Holdings Inc. increased its stake in Texas Capital Bancshares by 22.5% in the 2nd quarter. Osaic Holdings Inc. now owns 1,088 shares of the bank's stock valued at $56,000 after buying an additional 200 shares during the last quarter. 96.88% of the stock is 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.