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

Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Get Free Report) has received a consensus recommendation of "Hold" from the fourteen brokerages that are presently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $78.00.

Several equities analysts have recently commented on TCBI shares. Barclays reduced their target price on Texas Capital Bancshares from $73.00 to $70.00 and set an "underweight" rating for the company in a research note on Tuesday, April 8th. 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 research note on Monday, April 21st. Keefe, Bruyette & Woods reduced their price objective on Texas Capital Bancshares from $92.00 to $86.00 and set an "outperform" rating on the stock in a research note on Monday, April 21st. Raymond James reduced their price objective on Texas Capital Bancshares from $87.00 to $80.00 and set an "outperform" rating on the stock in a research note on Monday, April 21st. Finally, Stephens reduced their price objective on Texas Capital Bancshares from $95.00 to $90.00 and set an "overweight" rating on the stock in a research note on Monday, April 21st.

Texas Capital Bancshares Stock Down 1.7%

Shares of NASDAQ:TCBI opened at $75.36 on Friday. The company has a market capitalization of $3.46 billion, a price-to-earnings ratio of 58.88, a price-to-earnings-growth ratio of 0.75 and a beta of 0.65. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.22. The company has a 50 day moving average of $70.66 and a two-hundred day moving average of $75.85. Texas Capital Bancshares has a 52-week low of $56.24 and a 52-week high of $91.80.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last released its earnings results on Thursday, April 17th. The bank reported $0.92 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.07). The business had revenue of $280.48 million for the quarter, compared to analysts' expectations 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, analysts forecast that Texas Capital Bancshares will post 5.84 earnings per share for the current fiscal year.

Insider Buying and Selling at Texas Capital Bancshares

In other Texas Capital Bancshares news, Director Robert W. Stallings purchased 7,000 shares of the stock in a transaction dated Monday, June 2nd. The shares were bought at an average cost of $19.78 per share, with a total value of $138,460.00. Following the completion of the acquisition, the director now owns 255,913 shares of the company's stock, valued at approximately $5,061,959.14. This trade represents a 2.81% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders have purchased 19,300 shares of company stock worth $846,265. 1.72% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Picton Mahoney Asset Management acquired a new position in shares of Texas Capital Bancshares during the fourth quarter valued at $30,000. Assetmark Inc. acquired a new position in Texas Capital Bancshares during the fourth quarter worth about $32,000. Venturi Wealth Management LLC acquired a new position in Texas Capital Bancshares during the fourth quarter worth about $37,000. UMB Bank n.a. grew its holdings in Texas Capital Bancshares by 1,089.8% during the first quarter. UMB Bank n.a. now owns 583 shares of the bank's stock worth $44,000 after acquiring an additional 534 shares during the period. Finally, GAMMA Investing LLC grew its holdings in 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 acquiring an additional 465 shares during the period. 96.88% of the stock is 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.

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