Texas Capital Bancshares (NASDAQ:TCBI) Rating Lowered to Sell at Wall Street Zen

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

TCBI has been the subject of a number of other reports. Weiss Ratings reiterated a "buy (b-)" rating on shares of Texas Capital Bancshares in a report on Wednesday, January 28th. Barclays upped their price target on shares of Texas Capital Bancshares from $90.00 to $100.00 and gave the company an "underweight" rating in a report on Friday, January 23rd. Zacks Research downgraded Texas Capital Bancshares from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 30th. DA Davidson raised their price target on Texas Capital Bancshares from $94.00 to $104.00 and gave the company a "neutral" rating in a research report on Friday, January 23rd. Finally, Citigroup raised their price target on Texas Capital Bancshares from $88.00 to $96.00 and gave the company a "sell" rating in a research report on Tuesday, April 28th. Four investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $102.08.

Texas Capital Bancshares Trading Down 0.6%

Shares of NASDAQ:TCBI opened at $99.96 on Friday. The stock has a market capitalization of $4.37 billion, a PE ratio of 13.44, a P/E/G ratio of 1.43 and a beta of 0.68. Texas Capital Bancshares has a 1 year low of $70.00 and a 1 year high of $108.92. The firm has a fifty day moving average price of $97.36 and a 200 day moving average price of $94.92. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.27.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last issued its quarterly earnings data on Thursday, April 23rd. The bank reported $1.58 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.42 by $0.16. The firm had revenue of $323.99 million during the quarter, compared to analysts' expectations of $318.10 million. Texas Capital Bancshares had a net margin of 17.71% and a return on equity of 10.76%. Texas Capital Bancshares's revenue for the quarter was up 15.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.92 earnings per share. Analysts expect that Texas Capital Bancshares will post 7.63 EPS for the current fiscal year.

Insider Activity

In other Texas Capital Bancshares news, Director Paola M. Arbour purchased 1,000 shares of the stock in a transaction dated Wednesday, March 11th. The shares were bought at an average cost of $91.50 per share, with a total value of $91,500.00. Following the completion of the transaction, the director owned 6,671 shares in the company, valued at $610,396.50. This trade represents a 17.63% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert W. Stallings bought 5,500 shares of Texas Capital Bancshares stock in a transaction that occurred on Friday, March 6th. The stock was bought at an average price of $22.80 per share, with a total value of $125,400.00. Following the purchase, the director owned 175,087 shares of the company's stock, valued at $3,991,983.60. This trade represents a 3.24% increase in their position. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders bought 46,500 shares of company stock worth $1,113,500. 1.91% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Texas Capital Bancshares

Hedge funds have recently made changes to their positions in the stock. Danske Bank A S bought a new stake in shares of Texas Capital Bancshares in the third quarter valued at about $25,000. Farther Finance Advisors LLC increased its holdings in shares of Texas Capital Bancshares by 1,381.8% during the fourth quarter. Farther Finance Advisors LLC now owns 326 shares of the bank's stock worth $30,000 after buying an additional 304 shares in the last quarter. Root Financial Partners LLC increased its holdings in shares of Texas Capital Bancshares by 85.2% in the first quarter. Root Financial Partners LLC now owns 326 shares of the bank's stock valued at $31,000 after purchasing an additional 150 shares in the last quarter. Advisory Services Network LLC acquired a new stake in shares of Texas Capital Bancshares in the third quarter valued at approximately $32,000. Finally, Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of Texas Capital Bancshares by 169.7% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 391 shares of the bank's stock valued at $35,000 after purchasing an additional 246 shares in the last quarter. Institutional investors own 96.88% of the company's stock.

About Texas Capital Bancshares

Texas Capital Bancshares, Inc is a bank holding company headquartered in Dallas, Texas, operating through its wholly owned subsidiary, Texas Capital Bank. The company specializes in providing commercial banking services to middle-market companies, entrepreneurs, professional service firms, real estate developers, and not-for-profit organizations. Its broad range of offerings includes commercial lending, treasury and cash management, real estate finance, equipment finance, and energy lending, all designed to address the unique financial needs of businesses navigating growth and market challenges.

In addition to its core commercial banking capabilities, Texas Capital Bancshares delivers private banking and wealth management services for business owners and high-net-worth individuals.

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