Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Receives Consensus Recommendation of "Hold" from Analysts

Key Points

• Analysts: Fourteen analysts give Texas Capital Bancshares a consensus "Hold" (3 sell, 7 hold, 4 buy) with an average 12‑month target of $102.08.
• Quarterly results: The bank beat estimates with $1.58 EPS vs. $1.42 expected and revenue of $323.99M (up 15.5% year‑over‑year), with ROE of 10.76% and a 17.71% net margin.
• Shareholder actions: The company declared a $0.20 quarterly dividend (annualized $0.80, 0.8% yield, ex‑dividend June 1) and insiders bought shares recently (46,500 shares over 90 days), while institutional investors own ~96.9% of the stock.

Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Get Free Report) have received a consensus recommendation of "Hold" from the fourteen research firms that are currently covering the company, MarketBeat.com reports. Three equities research 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 12 month target price among brokers that have covered the stock in the last year is $102.0833.

Several equities analysts have recently issued reports on the company. Citigroup boosted their price objective on Texas Capital Bancshares from $88.00 to $96.00 and gave the company a "sell" rating in a report on Tuesday, April 28th. Royal Bank Of Canada boosted their price target on shares of Texas Capital Bancshares from $110.00 to $114.00 and gave the stock a "sector perform" rating in a report on Friday, April 24th. Raymond James Financial lifted their target price on shares of Texas Capital Bancshares from $98.00 to $105.00 and gave the company an "outperform" rating in a research report on Wednesday, January 7th. DA Davidson boosted their target price on shares of Texas Capital Bancshares from $94.00 to $104.00 and gave the stock a "neutral" rating in a research note on Friday, January 23rd. Finally, JPMorgan Chase & Co. decreased their price target on shares of Texas Capital Bancshares from $105.00 to $100.00 and set an "underweight" rating on the stock in a research note on Wednesday, April 1st.

Texas Capital Bancshares Price Performance

NASDAQ TCBI opened at $99.59 on Tuesday. Texas Capital Bancshares has a 1 year low of $68.74 and a 1 year high of $108.92. The company has a market cap of $4.35 billion, a price-to-earnings ratio of 13.39, a PEG ratio of 0.96 and a beta of 0.68. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.01 and a quick ratio of 1.01. The stock's fifty day moving average price is $97.27 and its 200 day moving average price is $94.47.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last released its earnings results on Thursday, April 23rd. The bank reported $1.58 EPS for the quarter, topping analysts' consensus estimates of $1.42 by $0.16. Texas Capital Bancshares had a return on equity of 10.76% and a net margin of 17.71%.The firm had revenue of $323.99 million during the quarter, compared to the consensus estimate of $318.10 million. During the same quarter in the previous year, the company posted $0.92 earnings per share. The company's revenue was up 15.5% compared to the same quarter last year. As a group, equities research analysts forecast that Texas Capital Bancshares will post 7.64 earnings per share for the current year.

Texas Capital Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Monday, June 1st.

Insider Buying and Selling

In other Texas Capital Bancshares news, Director Paola M. Arbour acquired 1,000 shares of the business's stock in a transaction on Wednesday, March 11th. The stock was bought at an average price of $91.50 per share, for a total transaction of $91,500.00. Following the acquisition, the director owned 6,671 shares in the company, valued at approximately $610,396.50. The trade was a 17.63% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Robert W. Stallings purchased 5,500 shares of the business's stock in a transaction that occurred on Friday, March 6th. The stock was bought at an average cost of $22.80 per share, with a total value of $125,400.00. Following the acquisition, the director owned 175,087 shares of the company's stock, valued at approximately $3,991,983.60. The trade was a 3.24% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders bought 46,500 shares of company stock worth $1,113,500 over the last ninety days. Corporate insiders own 1.91% of the company's stock.

Institutional Investors Weigh In On Texas Capital Bancshares

Several hedge funds and other institutional investors have recently bought and sold shares of TCBI. T. Rowe Price Investment Management Inc. boosted its holdings in Texas Capital Bancshares by 1.3% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,376,880 shares of the bank's stock valued at $305,743,000 after purchasing an additional 43,003 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of Texas Capital Bancshares by 16.4% during the 4th quarter. AQR Capital Management LLC now owns 2,234,678 shares of the bank's stock worth $202,328,000 after buying an additional 315,484 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Texas Capital Bancshares by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 1,197,494 shares of the bank's stock valued at $108,436,000 after buying an additional 33,709 shares during the period. Azora Capital LP lifted its holdings in Texas Capital Bancshares by 11.5% in the third quarter. Azora Capital LP now owns 1,036,613 shares of the bank's stock valued at $87,625,000 after acquiring an additional 106,599 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in Texas Capital Bancshares by 2.2% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 847,583 shares of the bank's stock valued at $76,740,000 after acquiring an additional 18,258 shares during the last quarter. 96.88% of the stock is currently owned by institutional investors and hedge funds.

About Texas Capital Bancshares

Texas Capital Bancshares, Inc is a bank holding company headquartered in Dallas, Texas, operating through its wholly owned subsidiary, Texas Capital Bank. The company specializes in providing commercial banking services to middle-market companies, entrepreneurs, professional service firms, real estate developers, and not-for-profit organizations. Its broad range of offerings includes commercial lending, treasury and cash management, real estate finance, equipment finance, and energy lending, all designed to address the unique financial needs of businesses navigating growth and market challenges.

In addition to its core commercial banking capabilities, Texas Capital Bancshares delivers private banking and wealth management services for business owners and high-net-worth individuals.

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