Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Receives $84.00 Average PT from Brokerages

Key Points

• Texas Capital Bancshares, Inc. has received an average rating of "Hold" from thirteen brokerages, with three sell ratings, seven holds, and three buy ratings.
• The company's stock price target has been adjusted by various analysts, with Keefe, Bruyette & Woods raising it to $100.00 and Hovde Group to $95.00.
• Texas Capital Bancshares reported $1.63 earnings per share for the last quarter, surpassing the consensus estimate of $1.28, along with a revenue of $307.46 million.

Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Get Free Report) has been assigned an average recommendation of "Hold" from the thirteen brokerages that are currently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $84.00.

Several equities analysts have commented on the stock. Barclays raised their target price on shares of Texas Capital Bancshares from $78.00 to $82.00 and gave the company an "underweight" rating in a research note on Friday, July 18th. Citigroup lifted their price objective on shares of Texas Capital Bancshares from $69.00 to $79.00 and gave the stock a "sell" rating in a research note on Friday, July 18th. Wall Street Zen raised shares of Texas Capital Bancshares from a "sell" rating to a "hold" rating in a research note on Sunday, July 13th. JPMorgan Chase & Co. lifted their price target on shares of Texas Capital Bancshares from $70.00 to $82.00 and gave the stock an "underweight" rating in a research report on Tuesday, July 1st. Finally, Keefe, Bruyette & Woods upped their price target on Texas Capital Bancshares from $86.00 to $100.00 and gave the company an "outperform" rating in a report on Monday, July 21st.

Texas Capital Bancshares Stock Performance

NASDAQ TCBI traded down $1.62 on Monday, hitting $85.36. The stock had a trading volume of 389,936 shares, compared to its average volume of 409,660. Texas Capital Bancshares has a one year low of $59.37 and a one year high of $94.61. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.19. The stock has a market cap of $3.91 billion, a price-to-earnings ratio of 33.87, a P/E/G ratio of 0.72 and a beta of 0.69. The company's 50-day moving average is $85.37 and its two-hundred day moving average is $77.67.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last posted its earnings results on Thursday, July 17th. The bank reported $1.63 EPS for the quarter, topping the consensus estimate of $1.28 by $0.35. The firm had revenue of $307.46 million during the quarter, compared to analysts' expectations of $298.90 million. Texas Capital Bancshares had a net margin of 6.79% and a return on equity of 10.36%. During the same quarter in the prior year, the firm earned $0.80 EPS. On average, analysts expect that Texas Capital Bancshares will post 5.84 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in TCBI. UMB Bank n.a. grew its holdings in shares of Texas Capital Bancshares by 1,089.8% during the 1st quarter. UMB Bank n.a. now owns 583 shares of the bank's stock valued at $44,000 after acquiring an additional 534 shares in the last quarter. Ameritas Advisory Services LLC purchased a new stake in shares of Texas Capital Bancshares during the 2nd quarter worth about $52,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Texas Capital Bancshares by 452.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 746 shares of the bank's stock valued at $59,000 after buying an additional 611 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Texas Capital Bancshares by 127.0% in the 1st quarter. GAMMA Investing LLC now owns 831 shares of the bank's stock valued at $62,000 after buying an additional 465 shares in the last quarter. Finally, State of Wyoming acquired a new position in Texas Capital Bancshares in the first quarter worth approximately $70,000. 96.88% of the stock is currently owned by institutional investors and hedge funds.

About Texas Capital Bancshares

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.