Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Given Consensus Recommendation of "Hold" by Brokerages

Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Get Free Report) has been assigned an average recommendation of "Hold" from the fourteen brokerages that are presently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $76.64.

A number of analysts recently issued reports on the stock. Stephens lowered their price target on shares of Texas Capital Bancshares from $95.00 to $90.00 and set an "overweight" rating on the stock in a report on Monday, April 21st. Raymond James cut their price target on Texas Capital Bancshares from $87.00 to $80.00 and set an "outperform" rating for the company in a research note on Monday, April 21st. JPMorgan Chase & Co. lowered their price target on Texas Capital Bancshares from $78.00 to $70.00 and set an "underweight" rating on the stock in a research report on Monday, April 21st. Barclays cut their price objective on Texas Capital Bancshares from $73.00 to $70.00 and set an "underweight" rating for the company in a research report on Tuesday, April 8th. Finally, Hovde Group decreased their target price on Texas Capital Bancshares from $84.00 to $75.00 and set a "market perform" rating on the stock in a research report on Monday, April 21st.

Insider Activity

In other news, Director Robert W. Stallings bought 7,000 shares of Texas Capital Bancshares stock in a transaction on Thursday, February 6th. The shares were bought at an average cost of $21.32 per share, with a total value of $149,240.00. Following the completion of the purchase, the director now directly owns 215,413 shares of the company's stock, valued at approximately $4,592,605.16. This trade represents a 3.36 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders purchased 32,000 shares of company stock worth $1,121,905 over the last ninety days. Corporate insiders own 1.72% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. US Bancorp DE raised its holdings in Texas Capital Bancshares by 1,575.0% in the 4th quarter. US Bancorp DE now owns 10,519 shares of the bank's stock valued at $823,000 after buying an additional 9,891 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of Texas Capital Bancshares by 37.5% in the 4th quarter. Victory Capital Management Inc. now owns 96,397 shares of the bank's stock worth $7,538,000 after acquiring an additional 26,294 shares during the last quarter. Barclays PLC boosted its position in shares of Texas Capital Bancshares by 19.6% during the 3rd quarter. Barclays PLC now owns 108,950 shares of the bank's stock worth $7,786,000 after purchasing an additional 17,863 shares during the period. Martingale Asset Management L P acquired a new stake in Texas Capital Bancshares in the 4th quarter valued at approximately $1,329,000. Finally, Proficio Capital Partners LLC purchased a new stake in Texas Capital Bancshares in the fourth quarter valued at approximately $1,688,000. 96.88% of the stock is currently owned by hedge funds and other institutional investors.

Texas Capital Bancshares Stock Performance

Shares of NASDAQ TCBI traded down $0.35 during trading on Friday, reaching $68.15. 449,296 shares of the company traded hands, compared to its average volume of 446,921. The stock has a market cap of $3.13 billion, a P/E ratio of 53.24, a PEG ratio of 0.75 and a beta of 0.74. The firm's fifty day simple moving average is $71.00 and its 200 day simple moving average is $77.71. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.22. Texas Capital Bancshares has a 12-month low of $56.24 and a 12-month high of $91.80.

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

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.