DA Davidson Cuts Texas Capital Bancshares (NASDAQ:TCBI) Price Target to $76.00

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) had its price target reduced by analysts at DA Davidson from $81.00 to $76.00 in a research report issued on Monday, Marketbeat.com reports. The brokerage presently has a "neutral" rating on the bank's stock. DA Davidson's target price indicates a potential upside of 11.95% from the company's previous close. DA Davidson also issued estimates for Texas Capital Bancshares' Q2 2025 earnings at $1.29 EPS, FY2025 earnings at $5.53 EPS and FY2026 earnings at $6.40 EPS.

A number of other research analysts have also recently issued reports on TCBI. Hovde Group cut their price target on Texas Capital Bancshares from $84.00 to $75.00 and set a "market perform" rating for the company in a report on Monday, April 21st. Stephens decreased 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 note on Monday, April 21st. JPMorgan Chase & Co. lowered 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. Piper Sandler reduced their price objective on Texas Capital Bancshares from $84.00 to $74.00 and set a "neutral" rating on the stock in a report on Monday, April 21st. Finally, Barclays decreased their price objective on Texas Capital Bancshares from $73.00 to $70.00 and set an "underweight" rating on the stock in a research report on Tuesday, April 8th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Texas Capital Bancshares presently has a consensus rating of "Hold" and an average target price of $76.64.

Texas Capital Bancshares Price Performance

Shares of TCBI traded down $0.32 during trading hours on Monday, hitting $67.89. The stock had a trading volume of 447,388 shares, compared to its average volume of 446,740. The stock has a market capitalization of $3.12 billion, a price-to-earnings ratio of 53.04, a P/E/G ratio of 0.75 and a beta of 0.74. Texas Capital Bancshares has a 52 week low of $56.24 and a 52 week high of $91.80. 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 company's fifty day moving average is $71.75 and its two-hundred day moving average is $77.86.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last announced its earnings results on Thursday, April 17th. The bank reported $0.92 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.07). Texas Capital Bancshares had a return on equity of 9.14% and a net margin of 3.99%. The business had revenue of $280.48 million during the quarter, compared to analyst estimates of $284.40 million. On average, analysts anticipate that Texas Capital Bancshares will post 5.84 EPS for the current year.

Insider Transactions at Texas Capital Bancshares

In other news, Director Robert W. Stallings acquired 500 shares of Texas Capital Bancshares stock in a transaction that occurred on Wednesday, April 23rd. The shares were acquired at an average price of $68.20 per share, with a total value of $34,100.00. Following the purchase, the director now directly owns 289,961 shares of the company's stock, valued at $19,775,340.20. The trade was a 0.17 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In the last ninety days, insiders purchased 28,732 shares of company stock worth $820,610. 1.72% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Texas Capital Bancshares

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Texas Capital Bancshares by 0.4% in the 4th 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 during the period. T. Rowe Price Investment Management Inc. raised its stake in Texas Capital Bancshares by 0.9% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,305,685 shares of the bank's stock worth $258,505,000 after buying an additional 28,282 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in Texas Capital Bancshares by 22.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 744,833 shares of the bank's stock worth $58,246,000 after acquiring an additional 138,734 shares in the last quarter. Northern Trust Corp grew its stake in Texas Capital Bancshares by 12.0% in the fourth quarter. Northern Trust Corp now owns 660,478 shares of the bank's stock valued at $51,649,000 after acquiring an additional 70,804 shares during the period. Finally, William Blair Investment Management LLC increased its holdings in shares of Texas Capital Bancshares by 2.5% in the fourth quarter. William Blair Investment Management LLC now owns 627,890 shares of the bank's stock worth $49,101,000 after acquiring an additional 15,320 shares in the last quarter. 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.