Brokerages Set Texas Capital Bancshares, Inc. (NASDAQ:TCBI) PT at $74.75

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) has been given an average recommendation of “Hold” by the sixteen ratings firms that are presently covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $74.75.

TCBI has been the topic of several recent analyst reports. Wedbush reissued a “sector perform” rating on shares of Texas Capital Bancshares in a research report on Friday, October 18th. DA Davidson increased their price target on shares of Texas Capital Bancshares from $73.00 to $81.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Truist Financial boosted their price objective on shares of Texas Capital Bancshares from $80.00 to $86.00 and gave the company a “hold” rating in a research report on Monday, October 21st. Barclays lifted their target price on shares of Texas Capital Bancshares from $60.00 to $71.00 and gave the company an “underweight” rating in a research note on Thursday, December 5th. Finally, StockNews.com upgraded shares of Texas Capital Bancshares from a “sell” rating to a “hold” rating in a report on Wednesday, November 6th.

Texas Capital Bancshares Price Performance

Shares of NASDAQ:TCBI opened at $81.57 on Wednesday. The company’s fifty day moving average is $82.36 and its two-hundred day moving average is $74.17. The company has a market cap of $3.77 billion, a P/E ratio of 453.17, a price-to-earnings-growth ratio of 0.73 and a beta of 1.17. Texas Capital Bancshares has a 12-month low of $54.68 and a 12-month high of $91.80. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.22.

Institutional Trading of Texas Capital Bancshares

Several large investors have recently made changes to their positions in TCBI. Blue Trust Inc. lifted its holdings in Texas Capital Bancshares by 89.9% in the 3rd quarter. Blue Trust Inc. now owns 357 shares of the bank’s stock worth $26,000 after purchasing an additional 169 shares during the last quarter. Icon Wealth Advisors LLC bought a new position in shares of Texas Capital Bancshares in the third quarter valued at approximately $31,000. Meeder Asset Management Inc. bought a new position in shares of Texas Capital Bancshares in the third quarter valued at approximately $71,000. CWM LLC boosted its holdings in shares of Texas Capital Bancshares by 69.8% during the 3rd quarter. CWM LLC now owns 1,611 shares of the bank’s stock worth $115,000 after buying an additional 662 shares during the period. Finally, Crossmark Global Holdings Inc. acquired a new position in Texas Capital Bancshares in the 3rd quarter valued at $201,000. 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.