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

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) was upgraded by analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a report issued on Sunday.

TCBI has been the topic of a number of other reports. Piper Sandler lowered their target price 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. Raymond James Financial dropped their price target on shares of Texas Capital Bancshares from $87.00 to $80.00 and set an "outperform" rating on the stock in a research note on Monday, April 21st. Stephens decreased their target price on shares of 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. DA Davidson reduced their price objective 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. Finally, Jefferies Financial Group set a $80.00 target price on shares of Texas Capital Bancshares and gave the stock a "hold" rating in a research report on Wednesday, May 21st. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $79.43.

Texas Capital Bancshares Stock Performance

Shares of TCBI opened at $86.35 on Friday. The firm has a fifty day moving average of $76.60 and a 200-day moving average of $75.34. The company has a market cap of $3.96 billion, a price-to-earnings ratio of 49.63, a price-to-earnings-growth ratio of 0.96 and a beta of 0.66. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.00 and a current ratio of 1.00. Texas Capital Bancshares has a 1 year low of $56.24 and a 1 year high of $91.80.

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 the consensus estimate of $0.99 by ($0.07). Texas Capital Bancshares had a net margin of 5.04% and a return on equity of 9.39%. The firm had revenue of $280.48 million during the quarter, compared to analyst estimates of $284.40 million. As a group, equities analysts anticipate that Texas Capital Bancshares will post 5.84 earnings per share for the current year.

Insider Activity

In related news, Director Robert W. Stallings bought 10,500 shares of the business's stock in a transaction that occurred on Wednesday, June 11th. The stock was purchased at an average cost of $20.28 per share, for a total transaction of $212,940.00. Following the purchase, 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 link. Insiders have acquired a total of 29,800 shares of company stock valued at $1,059,205 in the last 90 days. Company insiders own 1.72% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Picton Mahoney Asset Management acquired a new stake in Texas Capital Bancshares during the fourth quarter worth about $30,000. Assetmark Inc. bought a new stake in shares of Texas Capital Bancshares in the 4th quarter worth approximately $32,000. UMB Bank n.a. grew its holdings in shares of Texas Capital Bancshares by 1,089.8% during the 1st quarter. UMB Bank n.a. now owns 583 shares of the bank's stock worth $44,000 after purchasing an additional 534 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Texas Capital Bancshares by 127.0% during the first quarter. GAMMA Investing LLC now owns 831 shares of the bank's stock valued at $62,000 after purchasing an additional 465 shares during the period. Finally, State of Wyoming acquired a new position in shares of Texas Capital Bancshares in the first quarter valued at $70,000. Institutional investors and hedge funds 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.

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