Texas Capital Bancshares (NASDAQ:TCBI) Upgraded to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Texas Capital Bancshares (NASDAQ:TCBI - Free Report) from a sell rating to a hold rating in a research report released on Sunday.

A number of other analysts have also commented on the stock. DA Davidson decreased 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 note on Monday, April 21st. JPMorgan Chase & Co. boosted their price target on shares of Texas Capital Bancshares from $70.00 to $82.00 and gave the company an "underweight" rating in a research note on Tuesday, July 1st. Jefferies Financial Group set a $80.00 price target on shares of Texas Capital Bancshares and gave the company a "hold" rating in a research note on Wednesday, May 21st. Keefe, Bruyette & Woods decreased their price target on shares of Texas Capital Bancshares from $92.00 to $86.00 and set an "outperform" rating for the company in a research note on Monday, April 21st. Finally, Barclays upped their target price on shares of Texas Capital Bancshares from $70.00 to $78.00 and gave the stock an "underweight" rating in a research note on Tuesday, July 8th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $79.43.

Texas Capital Bancshares Trading Up 0.9%

Shares of NASDAQ:TCBI traded up $0.74 during mid-day trading on Friday, hitting $85.65. The company had a trading volume of 1,150,165 shares, compared to its average volume of 462,859. The firm has a fifty day moving average price of $77.25 and a 200 day moving average price of $75.45. The company has a market capitalization of $3.93 billion, a PE ratio of 49.22, a price-to-earnings-growth ratio of 0.87 and a beta of 0.66. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.00 and a quick ratio of 1.00. Texas Capital Bancshares has a one year low of $56.24 and a one year high of $94.61.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last announced its quarterly 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 business had revenue of $280.48 million for the quarter, compared to the consensus estimate of $284.40 million. Texas Capital Bancshares had a net margin of 5.04% and a return on equity of 9.39%. As a group, research analysts forecast that Texas Capital Bancshares will post 5.84 EPS for the current year.

Insider Buying and Selling at Texas Capital Bancshares

In other Texas Capital Bancshares news, Director Robert W. Stallings acquired 10,500 shares of the company's stock in a transaction on Wednesday, June 11th. The shares were acquired at an average cost of $20.28 per share, with a total value of $212,940.00. Following the completion of the acquisition, the director directly owned 60,000 shares in the company, valued at $1,216,800. This trade represents a 21.21% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last quarter, insiders have bought 29,800 shares of company stock valued at $1,059,205. 1.72% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Texas Capital Bancshares

Several institutional investors have recently added to or reduced their stakes in TCBI. GAMMA Investing LLC lifted its holdings in shares of Texas Capital Bancshares by 45.7% in the second quarter. GAMMA Investing LLC now owns 1,211 shares of the bank's stock worth $96,000 after buying an additional 380 shares in the last quarter. UMB Bank n.a. lifted its holdings in shares of Texas Capital Bancshares by 29.7% in the second quarter. UMB Bank n.a. now owns 756 shares of the bank's stock worth $60,000 after buying an additional 173 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Texas Capital Bancshares by 22.8% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 8,682 shares of the bank's stock worth $745,000 after buying an additional 1,614 shares in the last quarter. Pallas Capital Advisors LLC lifted its holdings in shares of Texas Capital Bancshares by 11.3% in the second quarter. Pallas Capital Advisors LLC now owns 4,255 shares of the bank's stock worth $338,000 after buying an additional 432 shares in the last quarter. Finally, Harbor Investment Advisory LLC purchased a new stake in shares of Texas Capital Bancshares in the second quarter worth about $656,000. 96.88% of the stock is owned by hedge funds and other institutional investors.

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.