Texas Capital Bancshares, Inc. (NASDAQ:TCBI) has earned an average recommendation of “Hold” from the twenty brokerages that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $86.31.
Several equities research analysts have recently weighed in on the stock. BidaskClub raised shares of Texas Capital Bancshares from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $104.00 price target on shares of Texas Capital Bancshares in a research report on Friday, July 14th. Barclays PLC reaffirmed an “equal weight” rating and issued a $80.00 price target (up previously from $75.00) on shares of Texas Capital Bancshares in a research report on Wednesday, July 12th. Royal Bank Of Canada initiated coverage on shares of Texas Capital Bancshares in a research report on Wednesday, September 6th. They set an “outperform” rating and a $90.00 target price for the company. Finally, Piper Jaffray Companies reissued a “hold” rating and set a $86.00 target price on shares of Texas Capital Bancshares in a research report on Friday, September 1st.
Shares of Texas Capital Bancshares (TCBI) opened at 84.00 on Wednesday. The stock’s 50 day moving average is $80.14 and its 200-day moving average is $78.01. Texas Capital Bancshares has a 12-month low of $54.70 and a 12-month high of $93.35. The stock has a market capitalization of $4.17 billion, a price-to-earnings ratio of 23.31 and a beta of 1.68.
Texas Capital Bancshares (NASDAQ:TCBI) last released its quarterly earnings data on Wednesday, July 19th. The bank reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.03. The company had revenue of $201.73 million during the quarter, compared to analysts’ expectations of $197.10 million. Texas Capital Bancshares had a net margin of 21.84% and a return on equity of 10.01%. During the same period in the previous year, the company earned $0.78 EPS. On average, analysts expect that Texas Capital Bancshares will post $4.00 earnings per share for the current year.
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In other news, insider C Keith Cargill acquired 3,000 shares of the business’s stock in a transaction that occurred on Friday, August 11th. The stock was purchased at an average cost of $74.15 per share, for a total transaction of $222,450.00. Following the completion of the transaction, the insider now owns 80,286 shares in the company, valued at $5,953,206.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.47% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently made changes to their positions in TCBI. Exane Derivatives acquired a new stake in shares of Texas Capital Bancshares during the second quarter valued at about $125,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Texas Capital Bancshares by 14.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,018 shares of the bank’s stock valued at $156,000 after acquiring an additional 248 shares during the last quarter. Hilton Capital Management LLC acquired a new stake in shares of Texas Capital Bancshares during the second quarter valued at about $201,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Texas Capital Bancshares during the second quarter valued at about $201,000. Finally, D.A. Davidson & CO. increased its position in shares of Texas Capital Bancshares by 14.3% during the second quarter. D.A. Davidson & CO. now owns 2,632 shares of the bank’s stock valued at $203,000 after acquiring an additional 329 shares during the last quarter.
About Texas Capital Bancshares
Texas Capital Bancshares, Inc is a bank holding and a financial holding company. The Company is the parent of Texas Capital Bank, National Association (the Bank). It offers a range of loan, deposit account and other financial products and services to its customers. It offers a range of products and services for its business customers, including commercial loans for general corporate purposes, including financing for working capital, internal growth, acquisitions and financing for business insurance premiums; medium- and long-term tax-exempt loans for municipalities and other governmental and tax-exempt entities; wealth management and trust services, and letters of credit.
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