Texas Capital Bancshares (TXSE:TXCP) Coverage Initiated by Analysts at Jefferies Financial Group

Equities researchers at Jefferies Financial Group initiated coverage on shares of Texas Capital Bancshares (TXSE:TXCP) in a note issued to investors on Friday, Zacks reports. The firm set a “hold” rating on the bank’s stock.

A number of other brokerages also recently commented on TXCP. Weiss Ratings reiterated a “buy (b)” rating on shares of Texas Capital Bancshares in a research report on Friday, October 2nd. JPMorgan Chase & Co. lowered their price objective on Texas Capital Bancshares from $110.00 to $100.00 and set an “underweight” rating on the stock in a research report on Thursday, October 1st. Zacks Research upgraded Texas Capital Bancshares from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 9th. TD Cowen upped their target price on Texas Capital Bancshares from $100.00 to $104.00 and gave the company a “hold” rating in a research note on Friday, October 23rd. Finally, Raymond James Financial reduced their target price on Texas Capital Bancshares from $115.00 to $108.00 and set an “outperform” rating for the company in a research report on Tuesday, October 6th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $106.00.

Texas Capital Bancshares Stock Performance

Texas Capital Bancshares has a 52-week low of $96.74 and a 52-week high of $105.89. The firm has a market capitalization of $4.24 billion, a price-to-earnings ratio of 12.83, a price-to-earnings-growth ratio of 1.03 and a beta of 0.63. The company’s fifty day simple moving average is $96.64 and its two-hundred day simple moving average is $98.88. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.15.

Texas Capital Bancshares (TXSE:TXCP) last issued its quarterly earnings results on Wednesday, October 21st. The bank reported $2.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.96 by $0.39. Texas Capital Bancshares had a return on equity of 11.04% and a net margin of 17.74%. The firm had revenue of $356.60 million for the quarter, compared to analyst estimates of $339.89 million. Equities analysts forecast that Texas Capital Bancshares will post 7.72 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC grew its holdings in shares of Texas Capital Bancshares by 29.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 583 shares of the bank’s stock valued at $54,000 after purchasing an additional 134 shares during the last quarter. Gabelli Funds LLC increased its position in Texas Capital Bancshares by 1.0% during the 3rd quarter. Gabelli Funds LLC now owns 15,600 shares of the bank’s stock worth $1,451,000 after purchasing an additional 150 shares in the last quarter. Sterling Capital Management LLC lifted its stake in Texas Capital Bancshares by 19.5% in the 3rd quarter. Sterling Capital Management LLC now owns 937 shares of the bank’s stock valued at $87,000 after purchasing an additional 153 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in Texas Capital Bancshares by 14.4% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,504 shares of the bank’s stock valued at $143,000 after purchasing an additional 189 shares during the last quarter. Finally, Arizona State Retirement System boosted its position in Texas Capital Bancshares by 1.8% in the second quarter. Arizona State Retirement System now owns 12,200 shares of the bank’s stock valued at $1,260,000 after buying an additional 212 shares in the last quarter. Institutional investors and hedge funds own 96.88% of the company’s stock.

About Texas Capital Bancshares

Texas Capital Bancshares, Inc. is the parent company of Texas Capital Bank, a full-service financial institution headquartered in Dallas, Texas. The bank primarily serves commercial and middle-market businesses, entrepreneurs, professionals, high-net-worth individuals and institutions. Texas Capital Bank offers commercial and private banking services, including business and personal deposit accounts, commercial and real estate lending, treasury management, wealth management and related financial solutions.