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

Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Get Free Report) has been assigned an average rating of "Hold" from the fourteen ratings firms that are presently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $78.00.

TCBI has been the subject of several research analyst reports. Piper Sandler lowered their price objective on Texas Capital Bancshares from $84.00 to $74.00 and set a "neutral" rating for the company in a report on Monday, April 21st. DA Davidson cut their price target on Texas Capital Bancshares from $81.00 to $76.00 and set a "neutral" rating on the stock in a report on Monday, April 21st. Stephens dropped their price target on shares of Texas Capital Bancshares from $95.00 to $90.00 and set an "overweight" rating on the stock in a research report on Monday, April 21st. Jefferies Financial Group set a $80.00 target price on shares of Texas Capital Bancshares and gave the stock a "hold" rating in a research report on Wednesday. Finally, Wall Street Zen upgraded Texas Capital Bancshares from a "sell" rating to a "hold" rating in a research report on Friday, January 31st.

Insiders Place Their Bets

In other news, Director Robert W. Stallings acquired 7,000 shares of Texas Capital Bancshares stock in a transaction on Tuesday, March 4th. The shares were purchased at an average cost of $20.43 per share, for a total transaction of $143,010.00. Following the completion of the purchase, the director now directly owns 49,500 shares of the company's stock, valued at approximately $1,011,285. This represents a 16.47% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders have acquired a total of 19,300 shares of company stock worth $850,815 in the last quarter. Corporate insiders own 1.72% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in TCBI. Vanguard Group Inc. boosted its stake in Texas Capital Bancshares by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 4,697,274 shares of the bank's stock valued at $367,327,000 after buying an additional 20,245 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its position in Texas Capital Bancshares by 0.8% in the first quarter. T. Rowe Price Investment Management Inc. now owns 3,332,471 shares of the bank's stock valued at $248,936,000 after buying an additional 26,786 shares in the last quarter. AQR Capital Management LLC boosted its position in 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. Massachusetts Financial Services Co. MA boosted its position in Texas Capital Bancshares by 9.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 813,028 shares of the bank's stock valued at $60,733,000 after buying an additional 68,195 shares in the last quarter. Finally, Northern Trust Corp boosted its position in Texas Capital Bancshares by 12.0% during the 4th quarter. Northern Trust Corp now owns 660,478 shares of the bank's stock worth $51,649,000 after buying an additional 70,804 shares during the period. 96.88% of the stock is currently owned by institutional investors and hedge funds.

Texas Capital Bancshares Trading Down 0.8%

TCBI stock traded down $0.61 during midday trading on Tuesday, hitting $71.44. The stock had a trading volume of 453,986 shares, compared to its average volume of 450,553. The firm has a market cap of $3.28 billion, a PE ratio of 55.81, a price-to-earnings-growth ratio of 0.75 and a beta of 0.62. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.00 and a quick ratio of 1.00. Texas Capital Bancshares has a 12-month low of $56.24 and a 12-month high of $91.80. The company's 50-day moving average price is $70.22 and its 200 day moving average price is $77.08.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last issued 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). The business had revenue of $280.48 million during 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%. On average, equities research analysts predict that Texas Capital Bancshares will post 5.84 earnings per share 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.