Texas Capital Bancshares (NASDAQ:TCBI) Upgraded to Hold at StockNews.com

StockNews.com upgraded shares of Texas Capital Bancshares (NASDAQ:TCBI) from a sell rating to a hold rating in a research report report published on Friday morning.

Other research analysts also recently issued research reports about the company. JPMorgan Chase & Co. cut their price target on Texas Capital Bancshares from $81.00 to $80.00 and set an “underweight” rating for the company in a research note on Friday, January 24th. Truist Financial raised their price objective on shares of Texas Capital Bancshares from $80.00 to $86.00 and gave the stock a “hold” rating in a research note on Monday, October 21st. Hovde Group increased their target price on Texas Capital Bancshares from $73.00 to $79.00 and gave the company a “market perform” rating in a report on Friday, October 18th. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $95.00 price target (down previously from $100.00) on shares of Texas Capital Bancshares in a research report on Wednesday. Finally, Piper Sandler downgraded Texas Capital Bancshares from an “overweight” rating to a “neutral” rating and upped their price objective for the company from $77.00 to $82.00 in a research report on Friday, October 18th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $79.13.

Texas Capital Bancshares Trading Down 0.4 %

Shares of TCBI stock opened at $78.95 on Friday. Texas Capital Bancshares has a 1-year low of $54.68 and a 1-year 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 1.01. The business’s fifty day moving average price is $81.05 and its 200 day moving average price is $74.87. The firm has a market capitalization of $3.65 billion, a PE ratio of 61.68, a P/E/G ratio of 0.69 and a beta of 1.17.

Texas Capital Bancshares (NASDAQ:TCBI) last released its quarterly earnings data on Thursday, January 23rd. The bank reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.36. Texas Capital Bancshares had a net margin of 3.99% and a return on equity of 9.14%. As a group, sell-side analysts forecast that Texas Capital Bancshares will post 5.82 EPS for the current fiscal year.

Insider Activity at Texas Capital Bancshares

In other Texas Capital Bancshares news, Director Robert W. Stallings bought 2,006 shares of the business’s stock in a transaction that occurred on Monday, January 27th. The stock was acquired at an average cost of $20.99 per share, with a total value of $42,105.94. Following the completion of the purchase, the director now directly owns 182,899 shares in the company, valued at approximately $3,839,050.01. This trade represents a 1.11 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Insiders have purchased a total of 8,402 shares of company stock worth $213,837 over the last ninety days. 0.99% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Texas Capital Bancshares

Several large investors have recently modified their holdings of TCBI. Blue Trust Inc. lifted its stake in Texas Capital Bancshares by 89.9% during the third quarter. Blue Trust Inc. now owns 357 shares of the bank’s stock valued at $26,000 after buying an additional 169 shares in the last quarter. Icon Wealth Advisors LLC purchased a new stake in shares of Texas Capital Bancshares in the 3rd quarter valued at approximately $31,000. Venturi Wealth Management LLC acquired a new position in Texas Capital Bancshares in the 4th quarter worth approximately $37,000. R Squared Ltd purchased a new position in Texas Capital Bancshares during the 4th quarter worth approximately $41,000. Finally, Meeder Asset Management Inc. purchased a new position in Texas Capital Bancshares during the 3rd quarter worth approximately $71,000. 96.88% of the stock is owned by 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.