Brokerages Set Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Price Target at $78.00

Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Get Free Report) have received an average rating of "Hold" from the fourteen ratings firms that are covering the company, Marketbeat reports. Three equities research 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 12 month target price among brokers that have issued a report on the stock in the last year is $78.00.

Several analysts have commented on TCBI shares. Stephens reduced their price objective on Texas Capital Bancshares from $95.00 to $90.00 and set an "overweight" rating for the company in a research note on Monday, April 21st. Raymond James Financial dropped their target price on Texas Capital Bancshares from $87.00 to $80.00 and set an "outperform" rating on the stock in a report on Monday, April 21st. JPMorgan Chase & Co. decreased their price target on Texas Capital Bancshares from $78.00 to $70.00 and set an "underweight" rating for the company in a report on Monday, April 21st. DA Davidson lowered their price objective on shares of Texas Capital Bancshares from $81.00 to $76.00 and set a "neutral" rating on the stock in a research report on Monday, April 21st. Finally, Barclays dropped their price objective on shares of Texas Capital Bancshares from $73.00 to $70.00 and set an "underweight" rating on the stock in a research note on Tuesday, April 8th.

Insider Activity

In other news, Director Robert W. Stallings purchased 4,500 shares of the firm's stock in a transaction dated Monday, April 21st. The shares were acquired at an average price of $64.27 per share, with a total value of $289,215.00. Following the purchase, the director now directly owns 288,131 shares of the company's stock, valued at $18,518,179.37. The trade was a 1.59% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Insiders purchased 19,300 shares of company stock worth $846,265 in the last 90 days. 1.72% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Texas Capital Bancshares

Several hedge funds and other institutional investors have recently bought and sold shares of the company. AQR Capital Management LLC increased its position in shares of Texas Capital Bancshares by 84.8% in the first quarter. AQR Capital Management LLC now owns 1,432,771 shares of the bank's stock valued at $105,395,000 after buying an additional 657,630 shares in the last quarter. Norges Bank acquired a new stake in Texas Capital Bancshares in the 4th quarter valued at about $42,050,000. Nuveen LLC purchased a new position in Texas Capital Bancshares during the 1st quarter valued at about $25,808,000. Azora Capital LP purchased a new position in Texas Capital Bancshares during the 4th quarter valued at about $25,232,000. Finally, Texas Capital Bank Wealth Management Services Inc raised its position in Texas Capital Bancshares by 2,249.3% during the first quarter. Texas Capital Bank Wealth Management Services Inc now owns 249,401 shares of the bank's stock worth $18,630,000 after acquiring an additional 238,785 shares during the last quarter. 96.88% of the stock is owned by institutional investors and hedge funds.

Texas Capital Bancshares Stock Performance

TCBI stock traded down $0.68 on Friday, hitting $74.86. The company's stock had a trading volume of 385,161 shares, compared to its average volume of 459,254. The stock has a market cap of $3.44 billion, a price-to-earnings ratio of 43.02, a price-to-earnings-growth ratio of 0.84 and a beta of 0.65. The firm has a 50 day moving average of $71.10 and a two-hundred day moving average of $75.57. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.21. Texas Capital Bancshares has a 1 year low of $56.24 and a 1 year high of $91.80.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last announced its earnings results on Thursday, April 17th. The bank reported $0.92 EPS for the quarter, missing analysts' consensus estimates of $0.99 by ($0.07). Texas Capital Bancshares had a net margin of 5.04% and a return on equity of 9.39%. The business had revenue of $280.48 million during the quarter, compared to analysts' expectations of $284.40 million. Equities analysts predict that Texas Capital Bancshares will post 5.84 EPS for the current fiscal year.

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.