Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Given Average Recommendation of “Hold” by Analysts

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) has earned an average rating of “Hold” from the fourteen research firms that are covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $100.75.

TCBI has been the topic of several recent analyst reports. Raymond James Financial raised their target price on Texas Capital Bancshares from $98.00 to $105.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 7th. Piper Sandler raised their target price on Texas Capital Bancshares from $86.00 to $96.00 and gave the stock a “neutral” rating in a research note on Friday, January 23rd. TD Cowen raised their target price on Texas Capital Bancshares from $103.00 to $110.00 and gave the stock a “hold” rating in a research note on Monday, January 26th. Barclays raised their price objective on shares of Texas Capital Bancshares from $90.00 to $100.00 and gave the stock an “underweight” rating in a report on Friday, January 23rd. Finally, Royal Bank Of Canada raised their price objective on shares of Texas Capital Bancshares from $105.00 to $110.00 and gave the stock a “sector perform” rating in a report on Friday, January 23rd.

Insiders Place Their Bets

In related news, Director Robert W. Stallings acquired 5,500 shares of the stock in a transaction on Friday, March 6th. The stock was acquired at an average cost of $22.80 per share, for a total transaction of $125,400.00. Following the completion of the acquisition, the director directly owned 175,087 shares of the company’s stock, valued at approximately $3,991,983.60. This represents a 3.24% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Paola M. Arbour acquired 1,000 shares of the stock in a transaction on Wednesday, March 11th. The stock was bought at an average price of $91.50 per share, with a total value of $91,500.00. Following the completion of the acquisition, the director directly owned 6,671 shares of the company’s stock, valued at $610,396.50. This trade represents a 17.63% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders purchased 49,500 shares of company stock worth $1,252,855 over the last three months. Company insiders own 1.91% of the company’s stock.

Institutional Trading of Texas Capital Bancshares

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Norges Bank purchased a new position in shares of Texas Capital Bancshares during the fourth quarter valued at approximately $51,728,000. AQR Capital Management LLC lifted its holdings in shares of Texas Capital Bancshares by 25.1% during the third quarter. AQR Capital Management LLC now owns 1,919,194 shares of the bank’s stock valued at $162,229,000 after purchasing an additional 384,748 shares during the last quarter. Balyasny Asset Management L.P. lifted its holdings in shares of Texas Capital Bancshares by 2,707.2% during the third quarter. Balyasny Asset Management L.P. now owns 348,936 shares of the bank’s stock valued at $29,496,000 after purchasing an additional 336,506 shares during the last quarter. Algert Global LLC lifted its holdings in shares of Texas Capital Bancshares by 731.5% during the third quarter. Algert Global LLC now owns 294,840 shares of the bank’s stock valued at $24,923,000 after purchasing an additional 259,380 shares during the last quarter. Finally, Alyeska Investment Group L.P. purchased a new position in shares of Texas Capital Bancshares during the fourth quarter valued at approximately $23,174,000. 96.88% of the stock is currently owned by hedge funds and other institutional investors.

Texas Capital Bancshares Stock Down 0.7%

NASDAQ TCBI opened at $102.45 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a market capitalization of $4.53 billion, a PE ratio of 15.07, a PEG ratio of 0.96 and a beta of 0.67. Texas Capital Bancshares has a 1 year low of $62.50 and a 1 year high of $108.92. The business’s 50-day moving average is $97.63 and its 200 day moving average is $93.13.

Texas Capital Bancshares (NASDAQ:TCBI) last posted its earnings results on Thursday, January 22nd. The bank reported $2.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.78 by $0.30. The company had revenue of $327.48 million for the quarter, compared to analysts’ expectations of $324.09 million. Texas Capital Bancshares had a return on equity of 10.05% and a net margin of 16.52%.During the same period last year, the firm earned $1.43 earnings per share. Sell-side analysts forecast that Texas Capital Bancshares will post 5.84 earnings per share for the current year.

Texas Capital Bancshares Company Profile

Texas Capital Bancshares, Inc is a bank holding company headquartered in Dallas, Texas, operating through its wholly owned subsidiary, Texas Capital Bank. The company specializes in providing commercial banking services to middle-market companies, entrepreneurs, professional service firms, real estate developers, and not-for-profit organizations. Its broad range of offerings includes commercial lending, treasury and cash management, real estate finance, equipment finance, and energy lending, all designed to address the unique financial needs of businesses navigating growth and market challenges.

In addition to its core commercial banking capabilities, Texas Capital Bancshares delivers private banking and wealth management services for business owners and high-net-worth individuals.