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

Key Points

• Consensus "Hold": Fourteen analysts give TCBI a consensus "Hold" rating (3 sell, 7 hold, 4 buy) with a one-year average target price of $100.75.
• Texas Capital recently beat quarterly estimates (EPS $2.08 vs. $1.78; revenue $327.5M vs. $324.1M) and the stock trades around $101.37 with a market cap of $4.48B and a PE of about 14.9.
• Notable insider buying occurred recently (including Director Robert Stallings), with insiders buying 49,500 shares in the last quarter and owning 1.91% of the company while institutions hold roughly 96.88%.

Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Get Free Report) have been assigned a consensus recommendation of "Hold" from the fourteen research firms that are presently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $100.75.

Several research analysts have recently issued reports on the stock. Royal Bank Of Canada raised their target price on shares of Texas Capital Bancshares from $105.00 to $110.00 and gave the company a "sector perform" rating in a research note on Friday, January 23rd. Zacks Research lowered shares of Texas Capital Bancshares from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 30th. Stephens raised their target price on shares of Texas Capital Bancshares from $111.00 to $114.00 and gave the company an "overweight" rating in a research note on Friday, January 23rd. Piper Sandler raised their target price on shares of Texas Capital Bancshares from $86.00 to $96.00 and gave the company a "neutral" rating in a research note on Friday, January 23rd. Finally, TD Cowen raised their target price on shares of Texas Capital Bancshares from $103.00 to $110.00 and gave the company a "hold" rating in a research note on Monday, January 26th.

Texas Capital Bancshares Trading Up 0.9%

TCBI opened at $101.37 on Friday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $4.48 billion, a PE ratio of 14.91, a PEG ratio of 0.94 and a beta of 0.67. Texas Capital Bancshares has a 1-year low of $59.37 and a 1-year high of $108.92. The firm has a 50-day moving average price of $97.75 and a two-hundred day moving average price of $92.56.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last posted its quarterly earnings data on Thursday, January 22nd. The bank reported $2.08 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.30. The firm had revenue of $327.48 million during the quarter, compared to analysts' expectations of $324.09 million. Texas Capital Bancshares had a net margin of 16.52% and a return on equity of 10.05%. During the same quarter last year, the company posted $1.43 EPS. As a group, equities analysts anticipate that Texas Capital Bancshares will post 5.84 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Robert W. Stallings acquired 20,000 shares of Texas Capital Bancshares stock in a transaction that occurred on Thursday, March 5th. The shares were acquired at an average price of $22.69 per share, with a total value of $453,800.00. Following the purchase, the director directly owned 169,587 shares of the company's stock, valued at $3,847,929.03. The trade was a 13.37% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Paola M. Arbour acquired 1,000 shares of Texas Capital Bancshares stock in a transaction that occurred on Wednesday, March 11th. The shares were purchased at an average cost of $91.50 per share, for a total transaction of $91,500.00. Following the purchase, the director directly owned 6,671 shares in the company, valued at $610,396.50. The trade was a 17.63% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders have acquired 49,500 shares of company stock valued at $1,252,855. 1.91% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of TCBI. Optimize Financial Inc acquired a new position in Texas Capital Bancshares during the third quarter worth $441,000. Federated Hermes Inc. increased its holdings in Texas Capital Bancshares by 153.7% during the third quarter. Federated Hermes Inc. now owns 123,900 shares of the bank's stock worth $10,473,000 after buying an additional 75,061 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Texas Capital Bancshares by 5.7% during the third quarter. JPMorgan Chase & Co. now owns 263,975 shares of the bank's stock worth $22,314,000 after buying an additional 14,240 shares during the last quarter. Thrivent Financial for Lutherans increased its holdings in Texas Capital Bancshares by 15.3% during the third quarter. Thrivent Financial for Lutherans now owns 44,242 shares of the bank's stock worth $3,740,000 after buying an additional 5,867 shares during the last quarter. Finally, CWM LLC increased its holdings in Texas Capital Bancshares by 145.1% during the third quarter. CWM LLC now owns 21,909 shares of the bank's stock worth $1,852,000 after buying an additional 12,971 shares during the last quarter. Institutional investors own 96.88% of the company's stock.

Texas Capital Bancshares Company Profile

Texas Capital Bancshares, Inc is a bank holding company headquartered in Dallas, Texas, operating through its wholly owned subsidiary, Texas Capital Bank. The company specializes in providing commercial banking services to middle-market companies, entrepreneurs, professional service firms, real estate developers, and not-for-profit organizations. Its broad range of offerings includes commercial lending, treasury and cash management, real estate finance, equipment finance, and energy lending, all designed to address the unique financial needs of businesses navigating growth and market challenges.

In addition to its core commercial banking capabilities, Texas Capital Bancshares delivers private banking and wealth management services for business owners and high-net-worth individuals.

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