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

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) has been assigned a $80.00 target price by equities researchers at Jefferies Financial Group in a research report issued to clients and investors on Wednesday, Marketbeat.com reports. The firm currently has a "hold" rating on the bank's stock. Jefferies Financial Group's target price would suggest a potential upside of 11.03% from the company's current price.

TCBI has been the subject of a number of other research reports. Stephens lowered their price objective on Texas Capital Bancshares from $95.00 to $90.00 and set an "overweight" rating for the company in a research report on Monday, April 21st. JPMorgan Chase & Co. lowered their price target on Texas Capital Bancshares from $78.00 to $70.00 and set an "underweight" rating for the company in a research report on Monday, April 21st. Hovde Group lowered their price target on Texas Capital Bancshares from $84.00 to $75.00 and set a "market perform" rating for the company in a research report on Monday, April 21st. Barclays lowered their price target on Texas Capital Bancshares from $73.00 to $70.00 and set an "underweight" rating for the company in a research report on Tuesday, April 8th. Finally, Wall Street Zen raised Texas Capital Bancshares from a "sell" rating to a "hold" rating in a research report on Friday, January 31st. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $78.00.

Texas Capital Bancshares Stock Down 0.4%

Texas Capital Bancshares stock opened at $72.05 on Wednesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a market capitalization of $3.31 billion, a price-to-earnings ratio of 56.29, a PEG ratio of 0.75 and a beta of 0.62. Texas Capital Bancshares has a 1-year low of $56.24 and a 1-year high of $91.80. The business has a fifty day moving average price of $70.30 and a 200-day moving average price of $77.22.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last posted its quarterly earnings data on Thursday, April 17th. The bank reported $0.92 earnings per share 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 analyst estimates of $284.40 million. Texas Capital Bancshares had a return on equity of 9.14% and a net margin of 3.99%. Equities research analysts forecast that Texas Capital Bancshares will post 5.84 EPS for the current fiscal year.

Insider Buying and Selling at Texas Capital Bancshares

In related news, Director Robert W. Stallings acquired 4,500 shares of Texas Capital Bancshares 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 purchase, the director now owns 288,131 shares of the company's stock, valued at approximately $18,518,179.37. This represents a 1.59% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last quarter, insiders purchased 19,300 shares of company stock worth $850,815. Insiders own 1.72% of the company's stock.

Hedge Funds Weigh In On Texas Capital Bancshares

Several institutional investors and hedge funds have recently modified their holdings of the business. Barclays PLC increased its stake in shares of Texas Capital Bancshares by 19.6% in the 3rd quarter. Barclays PLC now owns 108,950 shares of the bank's stock valued at $7,786,000 after purchasing an additional 17,863 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in shares of Texas Capital Bancshares by 5.3% in the 4th quarter. Nisa Investment Advisors LLC now owns 8,948 shares of the bank's stock valued at $700,000 after purchasing an additional 450 shares in the last quarter. KBC Group NV increased its stake in shares of Texas Capital Bancshares by 64.2% in the 4th quarter. KBC Group NV now owns 2,172 shares of the bank's stock valued at $170,000 after purchasing an additional 849 shares in the last quarter. R Squared Ltd purchased a new position in shares of Texas Capital Bancshares in the 4th quarter valued at about $41,000. Finally, SYM FINANCIAL Corp purchased a new position in shares of Texas Capital Bancshares in the 4th quarter valued at about $204,000. Hedge funds and other institutional investors own 96.88% of the company's stock.

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.