Texas Capital Bancshares (TCBI) – Analysts’ Weekly Ratings Updates

Several analysts have recently updated their ratings and price targets for Texas Capital Bancshares (NASDAQ: TCBI):

• 10/21/2024 – Texas Capital Bancshares was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 10/21/2024 – Texas Capital Bancshares had its price target raised by analysts at Truist Financial Co. from $80.00 to $86.00. They now have a “hold” rating on the stock.
• 10/18/2024 – Texas Capital Bancshares had its “underperform” rating reaffirmed by analysts at Truist Financial Co..
• 10/18/2024 – Texas Capital Bancshares had its “sector perform” rating reaffirmed by analysts at Wedbush.
• 10/18/2024 – Texas Capital Bancshares had its price target raised by analysts at JPMorgan Chase & Co. from $72.00 to $80.00. They now have an “underweight” rating on the stock.
• 10/18/2024 – Texas Capital Bancshares had its price target raised by analysts at Barclays PLC from $49.00 to $60.00. They now have an “underweight” rating on the stock.
• 10/18/2024 – Texas Capital Bancshares had its price target raised by analysts at Royal Bank of Canada from $73.00 to $83.00. They now have a “sector perform” rating on the stock.
• 10/18/2024 – Texas Capital Bancshares had its price target raised by analysts at Wedbush from $77.00 to $85.00. They now have a “neutral” rating on the stock.
• 10/18/2024 – Texas Capital Bancshares was downgraded by analysts at Piper Sandler from an “overweight” rating to a “neutral” rating. They now have a $82.00 price target on the stock, up previously from $77.00.
• 10/18/2024 – Texas Capital Bancshares had its price target raised by analysts at Hovde Group from $73.00 to $79.00. They now have a “market perform” rating on the stock.
• 10/9/2024 – Texas Capital Bancshares had its price target lowered by analysts at JPMorgan Chase & Co. from $73.00 to $72.00. They now have an “underweight” rating on the stock.
• 9/24/2024 – Texas Capital Bancshares had its price target raised by analysts at Wedbush from $70.00 to $77.00. They now have a “neutral” rating on the stock.
• 9/23/2024 – Texas Capital Bancshares had its price target raised by analysts at Hovde Group from $66.00 to $73.00. They now have a “market perform” rating on the stock.
• 9/20/2024 – Texas Capital Bancshares had its price target raised by analysts at Truist Financial Co. from $70.00 to $80.00. They now have a “hold” rating on the stock.
• 9/17/2024 – Texas Capital Bancshares was upgraded by analysts at Raymond James from a “market perform” rating to an “outperform” rating. They now have a $78.00 price target on the stock.
• 9/9/2024 – Texas Capital Bancshares had its price target raised by analysts at JPMorgan Chase & Co. from $70.00 to $73.00. They now have an “underweight” rating on the stock.
• 9/9/2024 – Texas Capital Bancshares had its “outperform” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $74.00 price target on the stock.
• 9/9/2024 – Texas Capital Bancshares had its price target raised by analysts at DA Davidson from $65.00 to $74.00. They now have a “neutral” rating on the stock.
• 9/9/2024 – Texas Capital Bancshares was upgraded by analysts at Bank of America Co. from an “underperform” rating to a “buy” rating. They now have a $77.00 price target on the stock, up previously from $51.00.

Texas Capital Bancshares Price Performance

Shares of TCBI traded up $0.50 during mid-day trading on Thursday, hitting $77.95. The company’s stock had a trading volume of 295,083 shares, compared to its average volume of 424,691. 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 stock has a market capitalization of $3.60 billion, a price-to-earnings ratio of 433.06, a PEG ratio of 0.79 and a beta of 1.13. Texas Capital Bancshares, Inc. has a fifty-two week low of $53.16 and a fifty-two week high of $82.25. The firm has a 50-day moving average price of $70.21 and a 200 day moving average price of $63.88.

Insider Transactions at Texas Capital Bancshares

In related news, Director Robert W. Stallings purchased 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 22nd. The shares were purchased at an average price of $21.28 per share, with a total value of $425,600.00. Following the purchase, the director now owns 84,587 shares of the company’s stock, valued at $1,800,011.36. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Robert W. Stallings acquired 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 22nd. The stock was purchased at an average price of $21.28 per share, with a total value of $425,600.00. Following the purchase, the director now owns 84,587 shares of the company’s stock, valued at approximately $1,800,011.36. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Robert W. Stallings bought 10,000 shares of the business’s stock in a transaction on Monday, July 29th. The shares were purchased at an average cost of $20.46 per share, for a total transaction of $204,600.00. Following the completion of the purchase, the director now owns 31,294 shares in the company, valued at approximately $640,275.24. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased a total of 59,000 shares of company stock valued at $1,209,220 in the last three months. 0.99% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Texas Capital Bancshares

Several institutional investors and hedge funds have recently bought and sold shares of TCBI. Innealta Capital LLC acquired a new stake in shares of Texas Capital Bancshares during the second quarter worth approximately $26,000. Blue Trust Inc. grew its holdings in shares of Texas Capital Bancshares by 89.9% during the 3rd quarter. Blue Trust Inc. now owns 357 shares of the bank’s stock valued at $26,000 after acquiring an additional 169 shares in the last quarter. Fidelis Capital Partners LLC acquired a new position in shares of Texas Capital Bancshares in the first quarter worth $54,000. CWM LLC raised its holdings in shares of 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 acquiring an additional 275 shares in the last quarter. Finally, Headlands Technologies LLC boosted its position in Texas Capital Bancshares by 80.4% during the first quarter. Headlands Technologies LLC now owns 2,910 shares of the bank’s stock valued at $179,000 after purchasing an additional 1,297 shares during the last quarter. Hedge funds and other institutional investors own 96.88% of the company’s stock.

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.