Texas Capital Bancshares’ (TCBI) Sell Rating Reaffirmed at Citigroup

Citigroup reaffirmed their sell rating on shares of Texas Capital Bancshares (NASDAQ:TCBI) in a research note published on Monday morning, Marketbeat.com reports. They currently have a $60.00 price objective on the bank’s stock.

Other equities analysts also recently issued research reports about the company. Wedbush upped their price objective on Texas Capital Bancshares from $62.00 to $70.00 and gave the company a neutral rating in a research note on Friday, July 19th. Mizuho reiterated a hold rating and set a $66.00 price target (down previously from $72.00) on shares of Texas Capital Bancshares in a research note on Monday, April 1st. Keefe, Bruyette & Woods decreased their price objective on Texas Capital Bancshares from $76.00 to $74.00 and set an outperform rating for the company in a report on Monday, April 22nd. Hovde Group dropped their price objective on shares of Texas Capital Bancshares from $87.50 to $61.50 and set a market perform rating on the stock in a report on Friday, April 19th. Finally, Truist Financial increased their target price on shares of Texas Capital Bancshares from $61.00 to $62.00 and gave the stock a hold rating in a research report on Monday, July 8th. Five research analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of Hold and an average target price of $65.19.

Texas Capital Bancshares Trading Up 1.7 %

NASDAQ TCBI opened at $66.20 on Monday. The stock has a market capitalization of $3.06 billion, a price-to-earnings ratio of 20.06, a PEG ratio of 1.75 and a beta of 1.15. The business’s fifty day moving average is $60.95 and its 200-day moving average is $60.30. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.00 and a quick ratio of 0.99. Texas Capital Bancshares has a one year low of $52.89 and a one year high of $72.07.

Texas Capital Bancshares (NASDAQ:TCBI) last announced its quarterly earnings data on Thursday, July 18th. The bank reported $0.80 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.06). Texas Capital Bancshares had a return on equity of 6.05% and a net margin of 8.08%. The company had revenue of $472.49 million during the quarter, compared to the consensus estimate of $268.02 million. During the same period in the prior year, the firm posted $1.33 EPS. Equities research analysts predict that Texas Capital Bancshares will post 3.42 EPS for the current year.

Insider Activity

In other news, Director Robert W. Stallings bought 3,000 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The shares were acquired at an average price of $19.50 per share, with a total value of $58,500.00. Following the acquisition, the director now owns 156,706 shares of the company’s stock, valued at approximately $3,055,767. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Texas Capital Bancshares news, Director Robert W. Stallings purchased 6,000 shares of the company’s stock in a transaction dated Monday, May 20th. The stock was purchased at an average price of $19.52 per share, for a total transaction of $117,120.00. Following the transaction, the director now owns 163,706 shares in the company, valued at approximately $3,195,541.12. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Robert W. Stallings acquired 3,000 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The stock was bought at an average price of $19.50 per share, for a total transaction of $58,500.00. Following the completion of the transaction, the director now owns 156,706 shares of the company’s stock, valued at approximately $3,055,767. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 15,504 shares of company stock worth $303,178. 0.99% of the stock is owned by company insiders.

Institutional Investors Weigh In On Texas Capital Bancshares

Hedge funds have recently bought and sold shares of the stock. SummerHaven Investment Management LLC raised its position in shares of Texas Capital Bancshares by 1.9% during the 2nd quarter. SummerHaven Investment Management LLC now owns 13,540 shares of the bank’s stock valued at $828,000 after buying an additional 257 shares in the last quarter. AlphaMark Advisors LLC increased its stake in Texas Capital Bancshares by 11.6% in the second quarter. AlphaMark Advisors LLC now owns 5,257 shares of the bank’s stock valued at $321,000 after acquiring an additional 546 shares during the last quarter. SG Americas Securities LLC raised its position in Texas Capital Bancshares by 1,905.7% during the second quarter. SG Americas Securities LLC now owns 78,864 shares of the bank’s stock valued at $4,822,000 after purchasing an additional 74,932 shares in the last quarter. CWM LLC lifted its stake in Texas Capital Bancshares by 40.8% during the second quarter. CWM LLC now owns 949 shares of the bank’s stock worth $58,000 after purchasing an additional 275 shares during the last quarter. Finally, First Hawaiian Bank purchased a new position in shares of Texas Capital Bancshares in the 2nd quarter worth about $675,000. 96.88% of the stock is currently 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.