Texas Capital Bancshares (NASDAQ:TCBI) PT Set at $80.00 by Jefferies Financial Group

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) has been given a $80.00 price objective by stock analysts at Jefferies Financial Group in a research report issued on Wednesday, Marketbeat.com reports. The firm presently has a "hold" rating on the bank's stock. Jefferies Financial Group's target price suggests a potential upside of 11.98% from the company's previous close.

A number of other analysts have also weighed in on TCBI. Stephens lowered their price objective on shares of 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. Barclays reduced their price target on shares of Texas Capital Bancshares from $73.00 to $70.00 and set an "underweight" rating for the company in a report on Tuesday, April 8th. Wall Street Zen raised Texas Capital Bancshares from a "sell" rating to a "hold" rating in a research report on Friday, January 31st. DA Davidson reduced their target price on 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, JPMorgan Chase & Co. decreased their price target on shares of Texas Capital Bancshares from $78.00 to $70.00 and set an "underweight" rating for the company in a report on Monday, April 21st. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $78.00.

Texas Capital Bancshares Trading Down 0.8%

TCBI traded down $0.61 on Wednesday, reaching $71.44. 453,986 shares of the company traded hands, compared to its average volume of 450,553. The company has a market cap of $3.28 billion, a P/E ratio of 55.81, a price-to-earnings-growth ratio of 0.75 and a beta of 0.62. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.22. Texas Capital Bancshares has a one year low of $56.24 and a one year high of $91.80. The firm has a fifty day simple moving average of $70.22 and a two-hundred day simple moving average of $77.08.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last announced its quarterly earnings results on Thursday, April 17th. The bank reported $0.92 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.99 by ($0.07). The firm 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%. As a group, equities research analysts expect that Texas Capital Bancshares will post 5.84 earnings per share for the current year.

Insider Activity

In other Texas Capital Bancshares news, Director Robert W. Stallings purchased 4,500 shares of the company's stock in a transaction on Monday, April 21st. The stock was acquired at an average price of $64.27 per share, for a total transaction of $289,215.00. Following the completion of the purchase, the director now directly owns 288,131 shares in the company, valued at approximately $18,518,179.37. The trade was a 1.59% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last three months, insiders have purchased 19,300 shares of company stock valued at $850,815. Company insiders own 1.72% of the company's stock.

Hedge Funds Weigh In On Texas Capital Bancshares

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Intech Investment Management LLC grew its position in shares of Texas Capital Bancshares by 22.1% during the first quarter. Intech Investment Management LLC now owns 29,790 shares of the bank's stock worth $2,225,000 after acquiring an additional 5,393 shares during the last quarter. Bayforest Capital Ltd boosted its holdings in Texas Capital Bancshares by 69.7% during the first quarter. Bayforest Capital Ltd now owns 2,309 shares of the bank's stock worth $172,000 after buying an additional 948 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Texas Capital Bancshares by 29.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 107,761 shares of the bank's stock worth $8,050,000 after purchasing an additional 24,538 shares in the last quarter. United Services Automobile Association acquired a new position in Texas Capital Bancshares during the first quarter worth about $230,000. Finally, Goldman Sachs Group Inc. increased its position in Texas Capital Bancshares by 3.7% during the first quarter. Goldman Sachs Group Inc. now owns 560,070 shares of the bank's stock worth $41,837,000 after buying an additional 20,231 shares in the last quarter. Hedge funds and other institutional investors own 96.88% of the company's stock.

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.