Texas Capital Bancshares (NASDAQ:TCBI) Earns Hold Rating from Mizuho

Mizuho restated their hold rating on shares of Texas Capital Bancshares (NASDAQ:TCBI - Free Report) in a report released on Monday, Benzinga reports. The firm currently has a $66.00 target price on the bank's stock, down from their prior target price of $72.00.

TCBI has been the subject of several other reports. Barclays assumed coverage on Texas Capital Bancshares in a research note on Friday, March 8th. They issued an underweight rating and a $47.00 price objective for the company. UBS Group increased their price target on Texas Capital Bancshares from $56.00 to $57.00 and gave the stock a sell rating in a research note on Tuesday, January 23rd. Truist Financial increased their price target on Texas Capital Bancshares from $70.00 to $72.00 and gave the stock a buy rating in a research note on Monday, January 22nd. Royal Bank of Canada increased their price target on Texas Capital Bancshares from $65.00 to $68.00 and gave the stock a sector perform rating in a research note on Friday, January 19th. Finally, Wedbush cut their price target on Texas Capital Bancshares from $70.00 to $68.00 and set a neutral rating for the company in a research note on Friday, January 19th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Texas Capital Bancshares presently has a consensus rating of Hold and an average target price of $64.09.

Texas Capital Bancshares Stock Performance

Shares of NASDAQ:TCBI traded down $1.96 during midday trading on Monday, hitting $59.59. The company had a trading volume of 521,225 shares, compared to its average volume of 469,900. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.01 and a quick ratio of 1.01. The company has a market cap of $2.83 billion, a price-to-earnings ratio of 16.83, a PEG ratio of 2.09 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. The company has a fifty day moving average of $59.88 and a two-hundred day moving average of $59.20.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last posted its quarterly earnings data on Thursday, January 18th. The bank reported $0.33 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.24). The company had revenue of $245.85 million during the quarter, compared to analysts' expectations 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 quarter last year, the company earned $0.87 earnings per share. On average, equities research analysts expect that Texas Capital Bancshares will post 3.69 EPS for the current fiscal year.

Insider Activity

In other Texas Capital Bancshares news, Director Robert W. Stallings purchased 5,000 shares of the stock in a transaction that occurred on Thursday, January 25th. The stock was purchased at an average price of $19.09 per share, with a total value of $95,450.00. Following the acquisition, the director now owns 117,706 shares in the company, valued at $2,247,007.54. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Texas Capital Bancshares news, Director Robert W. Stallings purchased 6,000 shares of the stock in a transaction that occurred on Monday, February 5th. The stock was purchased at an average price of $18.64 per share, with a total value of $111,840.00. Following the acquisition, the director now owns 146,706 shares in the company, valued at $2,734,599.84. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert W. Stallings purchased 5,000 shares of the stock in a transaction that occurred on Thursday, January 25th. The stock was acquired at an average cost of $19.09 per share, with a total value of $95,450.00. Following the acquisition, the director now owns 117,706 shares in the company, valued at approximately $2,247,007.54. The disclosure for this purchase can be found here. Insiders bought a total of 28,000 shares of company stock worth $612,850 over the last 90 days. Corporate insiders own 1.53% of the company's stock.

Institutional Trading of Texas Capital Bancshares

Several institutional investors have recently added to or reduced their stakes in TCBI. Raymond James Financial Services Advisors Inc. bought a new stake in Texas Capital Bancshares in the first quarter worth about $261,000. HighTower Advisors LLC lifted its stake in Texas Capital Bancshares by 3.7% in the first quarter. HighTower Advisors LLC now owns 9,383 shares of the bank's stock worth $537,000 after purchasing an additional 337 shares during the last quarter. Natixis Advisors L.P. lifted its stake in Texas Capital Bancshares by 3.1% in the first quarter. Natixis Advisors L.P. now owns 10,722 shares of the bank's stock worth $614,000 after purchasing an additional 326 shares during the last quarter. MetLife Investment Management LLC lifted its stake in Texas Capital Bancshares by 39.3% in the first quarter. MetLife Investment Management LLC now owns 58,686 shares of the bank's stock worth $3,363,000 after purchasing an additional 16,567 shares during the last quarter. Finally, Rhumbline Advisers lifted its stake in Texas Capital Bancshares by 0.8% in the first quarter. Rhumbline Advisers now owns 163,297 shares of the bank's stock worth $9,359,000 after purchasing an additional 1,327 shares during the last quarter. 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.