Texas Capital Bancshares (NASDAQ:TCBI) PT Lowered to $73.00

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) had its price objective cut by investment analysts at Stephens from $78.00 to $73.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage currently has an "overweight" rating on the bank's stock. Stephens' price objective points to a potential upside of 24.40% from the stock's current price.

Other equities analysts have also recently issued research reports about the stock. Mizuho reaffirmed a "hold" rating and set a $66.00 price target (down previously from $72.00) on shares of Texas Capital Bancshares in a research report on Monday, April 1st. Barclays started coverage on shares of Texas Capital Bancshares in a report on Friday, March 8th. They issued an "underweight" rating and a $47.00 target price on the stock. Wedbush dropped their price target on shares of Texas Capital Bancshares from $64.00 to $61.00 and set a "neutral" rating on the stock in a research note on Friday. Jefferies Financial Group dropped their price target on shares of Texas Capital Bancshares from $70.00 to $61.00 and set a "hold" rating on the stock in a research note on Monday, April 8th. Finally, Truist Financial lowered shares of Texas Capital Bancshares from a "buy" rating to a "hold" rating and lowered their price objective for the company from $72.00 to $66.00 in a research note on Monday, April 1st. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $63.13.

Texas Capital Bancshares Stock Up 4.8 %

NASDAQ:TCBI traded up $2.70 on Friday, reaching $58.68. The stock had a trading volume of 829,891 shares, compared to its average volume of 470,122. 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 50-day moving average of $58.89 and a 200 day moving average of $59.00. The stock has a market cap of $2.78 billion, a P/E ratio of 16.58, a price-to-earnings-growth ratio of 1.97 and a beta of 1.19. Texas Capital Bancshares has a 12-month low of $42.79 and a 12-month high of $66.18.

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 analysts' consensus estimates of $0.57 by ($0.24). The firm had revenue of $245.85 million during the quarter, compared to analysts' expectations of $251.96 million. Texas Capital Bancshares had a net margin of 10.56% and a return on equity of 7.28%. During the same period in the previous year, the company earned $0.87 earnings per share. On average, research analysts predict that Texas Capital Bancshares will post 3.55 earnings per share for the current year.

Insider Buying and Selling at Texas Capital Bancshares

In related news, Director Robert W. Stallings bought 5,000 shares of the firm's stock in a transaction on Monday, January 22nd. The stock was bought at an average price of $18.95 per share, with a total value of $94,750.00. Following the purchase, the director now directly owns 101,706 shares of the company's stock, valued at approximately $1,927,328.70. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Texas Capital Bancshares news, Director Thomas E. Long purchased 2,000 shares of the business's stock in a transaction dated Tuesday, February 27th. The shares were acquired at an average price of $58.78 per share, for a total transaction of $117,560.00. Following the acquisition, the director now owns 7,542 shares of the company's stock, valued at $443,318.76. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert W. Stallings purchased 5,000 shares of the business's stock in a transaction dated Monday, January 22nd. The shares were acquired at an average price of $18.95 per share, for a total transaction of $94,750.00. Following the acquisition, the director now directly owns 101,706 shares in the company, valued at approximately $1,927,328.70. The disclosure for this purchase can be found here. Insiders purchased 28,000 shares of company stock valued at $612,850 in the last quarter. Company insiders own 0.99% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. AlphaMark Advisors LLC raised its holdings in shares of Texas Capital Bancshares by 14.2% during the 1st quarter. AlphaMark Advisors LLC now owns 4,711 shares of the bank's stock valued at $290,000 after purchasing an additional 587 shares in the last quarter. Hodges Capital Management Inc. raised its holdings in Texas Capital Bancshares by 24.2% in the 1st quarter. Hodges Capital Management Inc. now owns 146,850 shares of the bank's stock worth $9,039,000 after acquiring an additional 28,650 shares during the period. Mather Group LLC. bought a new position in Texas Capital Bancshares in the 1st quarter worth $50,000. CWM LLC raised its holdings in Texas Capital Bancshares by 426.6% in the 1st quarter. CWM LLC now owns 674 shares of the bank's stock worth $41,000 after acquiring an additional 546 shares during the period. Finally, Vanguard Group Inc. raised its holdings in Texas Capital Bancshares by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 4,888,236 shares of the bank's stock worth $315,927,000 after acquiring an additional 68,211 shares during the period. Institutional investors own 96.88% of the company's stock.

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.