Brokerages Set Texas Capital Bancshares, Inc. (NASDAQ:TCBI) PT at $64.50

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) has been assigned an average recommendation of “Hold” from the eight analysts that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $64.50.

A number of analysts recently weighed in on TCBI shares. UBS Group increased their price target on shares of Texas Capital Bancshares from $56.00 to $57.00 and gave the stock a “sell” rating in a research note on Tuesday, January 23rd. Raymond James upped their price objective on shares of Texas Capital Bancshares from $69.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, January 19th. Wedbush cut their price objective on shares of Texas Capital Bancshares from $70.00 to $68.00 and set a “neutral” rating for the company in a research report on Friday, January 19th. Barclays assumed coverage on shares of Texas Capital Bancshares in a research report on Friday, March 8th. They set an “underweight” rating and a $47.00 price objective for the company. Finally, Royal Bank of Canada upped their price objective on shares of Texas Capital Bancshares from $65.00 to $68.00 and gave the stock a “sector perform” rating in a research report on Friday, January 19th.

Insider Activity at Texas Capital Bancshares

In other Texas Capital Bancshares news, Director Thomas E. Long acquired 2,000 shares of the stock in a transaction that occurred on Tuesday, February 27th. The shares were purchased at an average cost of $58.78 per share, with a total value of $117,560.00. Following the purchase, the director now owns 7,542 shares in the company, valued at $443,318.76. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Texas Capital Bancshares news, Director Thomas E. Long acquired 2,000 shares of the stock in a transaction that occurred on Tuesday, February 27th. The shares were purchased at an average cost of $58.78 per share, with a total value of $117,560.00. Following the purchase, the director now owns 7,542 shares in the company, valued at $443,318.76. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert W. Stallings acquired 4,000 shares of the stock in a transaction that occurred on Wednesday, January 31st. The stock was acquired at an average cost of $19.93 per share, for a total transaction of $79,720.00. Following the completion of the purchase, the director now owns 131,706 shares in the company, valued at approximately $2,624,900.58. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 28,000 shares of company stock valued at $612,850. Insiders own 1.53% of the company’s stock.

Institutional Investors Weigh In On Texas Capital Bancshares

A number of large investors have recently added to or reduced their stakes in the business. BlackRock Inc. grew its stake in Texas Capital Bancshares by 0.7% in the 2nd quarter. BlackRock Inc. now owns 5,784,573 shares of the bank’s stock valued at $297,906,000 after acquiring an additional 39,338 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Texas Capital Bancshares by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 4,888,236 shares of the bank’s stock worth $315,927,000 after purchasing an additional 68,211 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its stake in shares of Texas Capital Bancshares by 26.5% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,633,859 shares of the bank’s stock worth $219,159,000 after purchasing an additional 762,038 shares during the last quarter. State Street Corp boosted its stake in shares of Texas Capital Bancshares by 5.1% during the 1st quarter. State Street Corp now owns 3,268,391 shares of the bank’s stock worth $187,311,000 after purchasing an additional 158,815 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Texas Capital Bancshares by 2.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,265,085 shares of the bank’s stock worth $211,025,000 after purchasing an additional 80,311 shares during the last quarter. 96.88% of the stock is owned by institutional investors and hedge funds.

Texas Capital Bancshares Stock Performance

TCBI opened at $60.77 on Thursday. The firm has a market capitalization of $2.88 billion, a PE ratio of 17.17, a PEG ratio of 2.02 and a beta of 1.18. Texas Capital Bancshares has a twelve month low of $42.79 and a twelve month high of $66.18. The firm’s 50-day moving average price is $60.05 and its 200 day moving average price is $59.23. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.30.

Texas Capital Bancshares (NASDAQ:TCBI) last released its quarterly earnings results on Thursday, January 18th. The bank reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.24). Texas Capital Bancshares had a net margin of 10.56% and a return on equity of 7.28%. The company had revenue of $245.85 million during the quarter, compared to analysts’ expectations of $251.96 million. During the same period last year, the firm posted $0.87 earnings per share. As a group, sell-side analysts expect that Texas Capital Bancshares will post 3.67 EPS for the current fiscal year.

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.