Raymond James Lowers Texas Capital Bancshares (NASDAQ:TCBI) Price Target to $80.00

Texas Capital Bancshares (NASDAQ:TCBI - Free Report) had its target price cut by Raymond James from $87.00 to $80.00 in a research note issued to investors on Monday morning, MarketBeat reports. They currently have an outperform rating on the bank's stock.

TCBI has been the topic of a number of other research reports. Hovde Group dropped their price target on shares of Texas Capital Bancshares from $84.00 to $75.00 and set a "market perform" rating on the stock in a research note on Monday, April 21st. StockNews.com upgraded shares of Texas Capital Bancshares from a "sell" rating to a "hold" rating in a report on Friday, January 31st. Stephens cut their target price on Texas Capital Bancshares from $102.00 to $97.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 28th. Piper Sandler reduced their target price on Texas Capital Bancshares from $84.00 to $74.00 and set a "neutral" rating for the company in a report on Monday, April 21st. Finally, JPMorgan Chase & Co. dropped their price objective on Texas Capital Bancshares from $81.00 to $80.00 and set an "underweight" 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 assigned a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $76.64.

Texas Capital Bancshares Stock Down 0.5 %

NASDAQ TCBI traded down $0.32 during trading hours on Monday, reaching $67.89. 447,388 shares of the company's stock traded hands, compared to its average volume of 446,740. The firm has a market cap of $3.12 billion, a PE ratio of 53.04, a PEG ratio of 0.75 and a beta of 0.74. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.00 and a quick ratio of 1.00. Texas Capital Bancshares has a 52-week low of $56.24 and a 52-week high of $91.80. The firm has a 50-day simple moving average of $71.75 and a 200 day simple moving average of $77.86.

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

Insiders Place Their Bets

In other news, Director Robert W. Stallings bought 7,000 shares of the stock in a transaction that occurred on Tuesday, February 4th. The shares were bought at an average price of $21.10 per share, for a total transaction of $147,700.00. Following the purchase, the director now owns 202,413 shares in the company, valued at $4,270,914.30. This represents a 3.58 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Insiders purchased a total of 28,732 shares of company stock worth $820,610 over the last quarter. 1.72% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Texas Capital Bancshares

Institutional investors and hedge funds have recently bought and sold shares of the business. US Bancorp DE grew its position in shares of Texas Capital Bancshares by 1,575.0% during the fourth quarter. US Bancorp DE now owns 10,519 shares of the bank's stock worth $823,000 after purchasing an additional 9,891 shares in the last quarter. Victory Capital Management Inc. grew its holdings in Texas Capital Bancshares by 37.5% during the 4th quarter. Victory Capital Management Inc. now owns 96,397 shares of the bank's stock valued at $7,538,000 after buying an additional 26,294 shares in the last quarter. Barclays PLC raised its position in shares of Texas Capital Bancshares by 19.6% during the third quarter. Barclays PLC now owns 108,950 shares of the bank's stock valued at $7,786,000 after buying an additional 17,863 shares during the last quarter. Martingale Asset Management L P purchased a new position in shares of Texas Capital Bancshares in the fourth quarter worth $1,329,000. Finally, Proficio Capital Partners LLC bought a new position in shares of Texas Capital Bancshares during the fourth quarter worth $1,688,000. 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.