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

Key Points

• Texas Capital Bancshares, Inc. has received a consensus recommendation of "Hold" from 14 research firms, with three sell ratings, seven hold ratings, and four buy ratings. The average target price is $83.50.
• Insider activity showed that Director Robert W. Stallings purchased 10,500 shares at $20.28 each, increasing his stake by 21.21% to a total value of approximately $1.22 million.
• In the latest quarterly earnings report, Texas Capital Bancshares reported an EPS of $1.63, surpassing estimates by $0.35, with revenues of $307.46 million exceeding analyst expectations.

Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Get Free Report) has been given a consensus recommendation of "Hold" by the fourteen analysts that are currently covering the stock, Marketbeat 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 price objective among analysts that have covered the stock in the last year is $83.50.

Several research analysts recently commented on the company. Piper Sandler dropped their price target on Texas Capital Bancshares from $84.00 to $74.00 and set a "neutral" rating for the company in a research report on Monday, April 21st. Citigroup lifted their price target on Texas Capital Bancshares from $69.00 to $79.00 and gave the stock a "sell" rating in a research report on Friday, July 18th. Barclays lifted their price target on Texas Capital Bancshares from $78.00 to $82.00 and gave the stock an "underweight" rating in a research report on Friday, July 18th. JPMorgan Chase & Co. lifted their price target on 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, DA Davidson dropped their price target on Texas Capital Bancshares from $81.00 to $76.00 and set a "neutral" rating for the company in a research report on Monday, April 21st.

Texas Capital Bancshares Price Performance

Shares of TCBI stock traded up $0.39 during trading hours on Friday, hitting $81.31. The stock had a trading volume of 385,959 shares, compared to its average volume of 500,498. Texas Capital Bancshares has a one year low of $56.24 and a one year high of $94.61. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.00 and a quick ratio of 1.00. The stock's 50-day moving average price is $80.52 and its two-hundred day moving average price is $76.32. The stock has a market capitalization of $3.72 billion, a price-to-earnings ratio of 32.27, a PEG ratio of 0.67 and a beta of 0.65.

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

Insider Buying and Selling

In other Texas Capital Bancshares news, Director Robert W. Stallings acquired 10,500 shares of the stock in a transaction that occurred on Wednesday, June 11th. The stock was bought at an average cost of $20.28 per share, with a total value of $212,940.00. Following the completion of the purchase, the director directly owned 60,000 shares in the company, valued at $1,216,800. The trade was a 21.21% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last quarter, insiders acquired 17,800 shares of company stock worth $357,400. Company insiders own 1.72% of the company's stock.

Hedge Funds Weigh In On Texas Capital Bancshares

Large investors have recently bought and sold shares of the business. UMB Bank n.a. raised its stake in Texas Capital Bancshares by 1,089.8% in the first quarter. UMB Bank n.a. now owns 583 shares of the bank's stock worth $44,000 after buying an additional 534 shares in the last quarter. Ameritas Advisory Services LLC acquired a new position in shares of Texas Capital Bancshares during the second quarter worth $52,000. GAMMA Investing LLC increased its position in shares of Texas Capital Bancshares by 127.0% during the first quarter. GAMMA Investing LLC now owns 831 shares of the bank's stock worth $62,000 after purchasing an additional 465 shares in the last quarter. State of Wyoming acquired a new position in shares of Texas Capital Bancshares during the first quarter worth $70,000. Finally, Aster Capital Management DIFC Ltd acquired a new position in shares of Texas Capital Bancshares during the fourth quarter worth $115,000. 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.