Brokerages Set Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Target Price at $79.43

Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Get Free Report) has earned a consensus recommendation of "Hold" from the fourteen research firms that are presently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $79.43.

Several equities research analysts have recently weighed in on the stock. Wall Street Zen cut shares of Texas Capital Bancshares from a "hold" rating to a "sell" rating in a research report on Saturday. DA Davidson lowered their price target on shares of Texas Capital Bancshares from $81.00 to $76.00 and set a "neutral" rating for the company in a research report on Monday, April 21st. Raymond James Financial lowered their price target on shares of Texas Capital Bancshares from $87.00 to $80.00 and set an "outperform" rating for the company in a research report on Monday, April 21st. JPMorgan Chase & Co. upped their price target on shares of Texas Capital Bancshares from $70.00 to $82.00 and gave the stock an "underweight" rating in a research report on Tuesday, July 1st. Finally, Piper Sandler lowered their price target on shares of Texas Capital Bancshares from $84.00 to $74.00 and set a "neutral" rating for the company in a research report on Monday, April 21st.

Texas Capital Bancshares Trading Up 0.5%

TCBI stock traded up $0.46 during mid-day trading on Wednesday, reaching $86.68. The company had a trading volume of 392,377 shares, compared to its average volume of 460,641. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.00 and a quick ratio of 1.00. The company has a market capitalization of $3.98 billion, a PE ratio of 49.82, a price-to-earnings-growth ratio of 0.95 and a beta of 0.66. The firm has a 50 day moving average of $75.54 and a 200 day moving average of $75.15. Texas Capital Bancshares has a 12 month low of $56.24 and a 12 month high of $91.80.

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 company had revenue of $280.48 million during the quarter, compared to the consensus estimate of $284.40 million. Texas Capital Bancshares had a return on equity of 9.39% and a net margin of 5.04%. On average, equities analysts predict 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 bought 10,500 shares of the business's stock in a transaction that occurred on Wednesday, June 11th. The shares were purchased at an average cost of $20.28 per share, with a total value of $212,940.00. Following the transaction, the director directly owned 60,000 shares in the company, valued at approximately $1,216,800. The trade was a 21.21% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last 90 days, insiders acquired 29,800 shares of company stock valued at $1,059,205. 1.72% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Texas Capital Bancshares

Hedge funds have recently made changes to their positions in the company. Picton Mahoney Asset Management acquired a new position in shares of Texas Capital Bancshares in the 4th quarter valued at $30,000. Assetmark Inc. acquired a new stake in Texas Capital Bancshares during the 4th quarter worth about $32,000. UMB Bank n.a. grew its position in Texas Capital Bancshares by 1,089.8% during the 1st quarter. UMB Bank n.a. now owns 583 shares of the bank's stock worth $44,000 after purchasing an additional 534 shares during the period. GAMMA Investing LLC grew its position in Texas Capital Bancshares by 127.0% during the 1st quarter. GAMMA Investing LLC now owns 831 shares of the bank's stock worth $62,000 after purchasing an additional 465 shares during the period. Finally, State of Wyoming acquired a new stake in Texas Capital Bancshares during the 1st quarter worth about $70,000. 96.88% of the stock is owned by institutional investors and hedge funds.

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.