Texas Capital Bancshares (NASDAQ:TCBI) Shares Down 4.4% – Should You Sell?

Texas Capital Bancshares, Inc. (NASDAQ:TCBI)’s share price fell 4.4% during mid-day trading on Thursday . The company traded as low as $77.34 and last traded at $77.03. 476,901 shares changed hands during mid-day trading, an increase of 0% from the average session volume of 475,097 shares. The stock had previously closed at $80.56.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Truist Financial increased their price target 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. StockNews.com raised Texas Capital Bancshares from a “sell” rating to a “hold” rating in a research report on Wednesday, November 6th. Hovde Group boosted their price target on Texas Capital Bancshares from $73.00 to $79.00 and gave the company a “market perform” rating in a research report on Friday, October 18th. Royal Bank of Canada raised their price objective on Texas Capital Bancshares from $73.00 to $83.00 and gave the stock a “sector perform” rating in a report on Friday, October 18th. Finally, Wedbush reaffirmed a “sector perform” rating on shares of Texas Capital Bancshares in a research note on Friday, October 18th. Four analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $74.75.

Texas Capital Bancshares Trading Down 4.5 %

The company has a debt-to-equity ratio of 0.22, a current ratio of 1.01 and a quick ratio of 1.01. The business’s fifty day simple moving average is $82.18 and its 200 day simple moving average is $74.21. The stock has a market cap of $3.56 billion, a price-to-earnings ratio of 427.50, a P/E/G ratio of 0.74 and a beta of 1.17.

Texas Capital Bancshares (NASDAQ:TCBI) last announced its quarterly earnings results on Thursday, January 23rd. The bank reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.36. Texas Capital Bancshares had a return on equity of 8.06% and a net margin of 1.40%. On average, research analysts predict that Texas Capital Bancshares, Inc. will post 4.08 EPS for the current year.

Institutional Investors Weigh In On Texas Capital Bancshares

A number of hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC increased its position in Texas Capital Bancshares by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,145,271 shares of the bank’s stock valued at $81,856,000 after acquiring an additional 13,022 shares during the period. Wellington Management Group LLP increased its holdings in shares of Texas Capital Bancshares by 15.4% during the third quarter. Wellington Management Group LLP now owns 1,123,221 shares of the bank’s stock valued at $80,265,000 after purchasing an additional 150,301 shares during the period. AQR Capital Management LLC increased its holdings in shares of Texas Capital Bancshares by 87.0% during the second quarter. AQR Capital Management LLC now owns 1,087,715 shares of the bank’s stock valued at $65,219,000 after purchasing an additional 506,094 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Texas Capital Bancshares by 1.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 570,839 shares of the bank’s stock valued at $40,792,000 after purchasing an additional 10,171 shares in the last quarter. Finally, Segall Bryant & Hamill LLC lifted its holdings in Texas Capital Bancshares by 12.6% in the third quarter. Segall Bryant & Hamill LLC now owns 467,001 shares of the bank’s stock worth $33,372,000 after purchasing an additional 52,095 shares during the period. 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.