Texas Capital Bancshares’ (TCBI) “Outperform” Rating Reaffirmed at Keefe, Bruyette & Woods

Texas Capital Bancshares (NASDAQ:TCBI)‘s stock had its “outperform” rating restated by stock analysts at Keefe, Bruyette & Woods in a research note issued to investors on Wednesday,Benzinga reports. They currently have a $95.00 price objective on the bank’s stock, down from their prior price objective of $100.00. Keefe, Bruyette & Woods’ price objective would suggest a potential upside of 20.68% from the company’s current price.

TCBI has been the subject of a number of other research reports. Hovde Group increased their price objective on shares of Texas Capital Bancshares from $73.00 to $79.00 and gave the company a “market perform” rating in a report on Friday, October 18th. Royal Bank of Canada increased their price target on Texas Capital Bancshares from $73.00 to $83.00 and gave the company a “sector perform” rating in a report on Friday, October 18th. DA Davidson lowered their price objective on Texas Capital Bancshares from $90.00 to $87.00 and set a “neutral” rating on the stock in a research note on Friday, January 24th. Barclays upped their target price on Texas Capital Bancshares from $60.00 to $71.00 and gave the company an “underweight” rating in a report on Thursday, December 5th. Finally, Stephens reduced their price target on Texas Capital Bancshares from $102.00 to $97.00 and set an “overweight” rating on the stock in a report on Tuesday. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Texas Capital Bancshares currently has a consensus rating of “Hold” and an average price target of $79.13.

Texas Capital Bancshares Price Performance

Shares of NASDAQ:TCBI traded up $0.89 during trading on Wednesday, reaching $78.72. The stock had a trading volume of 75,086 shares, compared to its average volume of 486,332. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.01 and a current ratio of 1.01. Texas Capital Bancshares has a 1-year low of $54.68 and a 1-year high of $91.80. The stock has a market cap of $3.64 billion, a PE ratio of 437.33, a PEG ratio of 0.73 and a beta of 1.17. The business has a fifty day moving average price of $81.45 and a 200-day moving average price of $74.73.

Texas Capital Bancshares (NASDAQ:TCBI) last announced its earnings results on Thursday, January 23rd. The bank reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.36. Texas Capital Bancshares had a net margin of 1.40% and a return on equity of 8.06%. On average, equities analysts forecast that Texas Capital Bancshares will post 4.08 earnings per share for the current fiscal year.

Insider Activity at Texas Capital Bancshares

In other Texas Capital Bancshares news, Director Robert W. Stallings purchased 2,006 shares of the business’s stock in a transaction on Monday, January 27th. The shares were bought at an average cost of $20.99 per share, for a total transaction of $42,105.94. Following the completion of the purchase, the director now directly owns 182,899 shares of the company’s stock, valued at approximately $3,839,050.01. This trade represents a 1.11 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.99% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Savant Capital LLC lifted its holdings in Texas Capital Bancshares by 5.7% during the 4th quarter. Savant Capital LLC now owns 5,604 shares of the bank’s stock worth $438,000 after buying an additional 303 shares in the last quarter. Entropy Technologies LP acquired a new stake in shares of Texas Capital Bancshares in the fourth quarter valued at $849,000. Empowered Funds LLC purchased a new position in Texas Capital Bancshares in the fourth quarter valued at $288,000. Bleakley Financial Group LLC acquired a new position in Texas Capital Bancshares during the 4th quarter worth $214,000. Finally, Tectonic Advisors LLC increased its holdings in Texas Capital Bancshares by 6.2% during the 4th quarter. Tectonic Advisors LLC now owns 24,244 shares of the bank’s stock worth $1,896,000 after purchasing an additional 1,426 shares during the period. Hedge funds and other 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.