Texas Capital Bancshares (NASDAQ:TCBI) Stock Price Down 4.4% – Here’s Why

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 traded hands during trading, an increase of 0% from the average session volume of 475,097 shares. The stock had previously closed at $80.56.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on TCBI shares. DA Davidson raised their price objective on shares of Texas Capital Bancshares from $73.00 to $81.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Wedbush reissued a “sector perform” rating on shares of Texas Capital Bancshares in a report on Friday, October 18th. Piper Sandler lowered Texas Capital Bancshares from an “overweight” rating to a “neutral” rating and upped their price objective for the stock from $77.00 to $82.00 in a report on Friday, October 18th. Truist Financial increased their price objective on Texas Capital Bancshares from $80.00 to $86.00 and gave the stock a “hold” rating in a research report on Monday, October 21st. Finally, JPMorgan Chase & Co. decreased their target price on shares of Texas Capital Bancshares from $86.00 to $81.00 and set an “underweight” rating on the stock in a research report on Tuesday, January 7th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $74.75.

Texas Capital Bancshares Stock 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 firm’s 50-day moving average price is $82.18 and its 200 day moving average price is $74.21. The firm has a market capitalization of $3.56 billion, a price-to-earnings ratio of 427.50, a price-to-earnings-growth ratio of 0.74 and a beta of 1.17.

Texas Capital Bancshares (NASDAQ:TCBI) last posted its earnings results on Thursday, January 23rd. The bank reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.36. Texas Capital Bancshares had a return on equity of 8.06% and a net margin of 1.40%. Sell-side analysts expect that Texas Capital Bancshares, Inc. will post 4.08 EPS for the current year.

Institutional Trading of Texas Capital Bancshares

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. R Squared Ltd acquired a new stake in shares of Texas Capital Bancshares during the 4th quarter worth about $41,000. KBC Group NV lifted its stake in shares of Texas Capital Bancshares by 64.2% during the fourth quarter. KBC Group NV now owns 2,172 shares of the bank’s stock valued at $170,000 after buying an additional 849 shares during the period. Nisa Investment Advisors LLC boosted its position in Texas Capital Bancshares by 5.3% during the fourth quarter. Nisa Investment Advisors LLC now owns 8,948 shares of the bank’s stock worth $700,000 after acquiring an additional 450 shares during the last quarter. Moody National Bank Trust Division grew its stake in Texas Capital Bancshares by 9.5% in the 4th quarter. Moody National Bank Trust Division now owns 17,371 shares of the bank’s stock worth $1,358,000 after acquiring an additional 1,508 shares during the period. Finally, Cim Investment Management Inc. acquired a new position in Texas Capital Bancshares in the 3rd quarter valued at $212,000. Hedge funds and other institutional investors own 96.88% of the company’s stock.

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.