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

Key Points

• Texas Capital Bancshares, Inc. has received an average rating of "Hold" from fourteen brokerages, with three ratings as sell, seven as hold, and four as buy.
• Following a recent transaction, Director Robert W. Stallings increased his position in Texas Capital Bancshares by 21.21%, purchasing 10,500 shares at an average cost of $20.28 each.
• The company reported earnings of $1.63 per share for the latest quarter, surpassing analysts' expectations of $1.28, with revenue totaling $307.46 million.

Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Get Free Report) have been assigned an average recommendation of "Hold" from the fourteen brokerages that are covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $83.50.

TCBI has been the topic of a number of research reports. Citigroup boosted their target price on shares of Texas Capital Bancshares from $69.00 to $79.00 and gave the company a "sell" rating in a report on Friday, July 18th. Keefe, Bruyette & Woods raised their price objective on shares of Texas Capital Bancshares from $86.00 to $100.00 and gave the company an "outperform" rating in a research note on Monday, July 21st. Wall Street Zen raised shares of Texas Capital Bancshares from a "sell" rating to a "hold" rating in a research report on Sunday, July 13th. Jefferies Financial Group set a $80.00 price target on Texas Capital Bancshares and gave the stock a "hold" rating in a research note on Wednesday, May 21st. Finally, Barclays upped their target price on shares of Texas Capital Bancshares from $78.00 to $82.00 and gave the company an "underweight" rating in a research note on Friday, July 18th.

Insider Transactions at Texas Capital Bancshares

In other Texas Capital Bancshares news, Director Robert W. Stallings bought 10,500 shares of the business's stock in a transaction that occurred on Wednesday, June 11th. The stock was bought at an average cost of $20.28 per share, for a total transaction of $212,940.00. Following the completion of the transaction, the director owned 60,000 shares of the company's stock, valued at $1,216,800. This represents a 21.21% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.72% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of TCBI. UMB Bank n.a. boosted its position in shares of 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 last quarter. Ameritas Advisory Services LLC bought a new position in shares of Texas Capital Bancshares during the 2nd quarter valued at approximately $52,000. EverSource Wealth Advisors LLC boosted its position in shares of Texas Capital Bancshares by 452.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 746 shares of the bank's stock valued at $59,000 after acquiring an additional 611 shares during the last quarter. GAMMA Investing LLC raised its stake in Texas Capital Bancshares by 127.0% during the first quarter. GAMMA Investing LLC now owns 831 shares of the bank's stock valued at $62,000 after purchasing an additional 465 shares in the last quarter. Finally, State of Wyoming bought a new position in Texas Capital Bancshares during the first quarter valued at $70,000. Hedge funds and other institutional investors own 96.88% of the company's stock.

Texas Capital Bancshares Trading Up 0.5%

TCBI stock opened at $87.11 on Thursday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.00 and a current ratio of 1.00. Texas Capital Bancshares has a one year low of $59.37 and a one year high of $94.61. The company's 50 day moving average price is $83.83 and its two-hundred day moving average price is $76.81. The company has a market capitalization of $3.99 billion, a PE ratio of 34.57, a price-to-earnings-growth ratio of 0.72 and a beta of 0.65.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last posted its quarterly 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 business had revenue of $307.46 million for the quarter, compared to analyst estimates of $298.90 million. During the same period last year, the company earned $0.80 EPS. As a group, analysts predict 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.

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