BidaskClub lowered shares of Texas Capital Bancshares (NASDAQ:TCBI) from a hold rating to a sell rating in a report released on Friday, February 2nd.
TCBI has been the subject of a number of other research reports. Royal Bank of Canada reiterated a buy rating on shares of Texas Capital Bancshares in a report on Friday, October 20th. DA Davidson reiterated a neutral rating and set a $90.00 price objective on shares of Texas Capital Bancshares in a report on Thursday, October 19th. Wedbush upgraded shares of Texas Capital Bancshares from a neutral rating to an outperform rating and reduced their price target for the company from $108.00 to $87.00 in a report on Thursday, December 21st. Zacks Investment Research upgraded shares of Texas Capital Bancshares from a hold rating to a buy rating and set a $104.00 price target for the company in a report on Tuesday, December 26th. Finally, Bank of America restated a buy rating and issued a $100.00 price target (up previously from $97.00) on shares of Texas Capital Bancshares in a report on Thursday, October 19th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of $98.75.
Shares of Texas Capital Bancshares (NASDAQ:TCBI) opened at $90.25 on Friday. Texas Capital Bancshares has a twelve month low of $69.65 and a twelve month high of $102.90. The firm has a market cap of $4,455.49, a PE ratio of 22.00, a P/E/G ratio of 1.23 and a beta of 1.77. The company has a current ratio of 1.28, a quick ratio of 1.23 and a debt-to-equity ratio of 1.56.
Texas Capital Bancshares (NASDAQ:TCBI) last announced its quarterly earnings data on Wednesday, January 24th. The bank reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.03. Texas Capital Bancshares had a net margin of 20.67% and a return on equity of 10.85%. The company had revenue of $230.02 million during the quarter, compared to analyst estimates of $219.78 million. During the same quarter last year, the business posted $0.96 EPS. equities analysts forecast that Texas Capital Bancshares will post 6.07 earnings per share for the current fiscal year.
In other news, CEO C Keith Cargill acquired 2,000 shares of the business’s stock in a transaction dated Tuesday, February 6th. The shares were purchased at an average price of $90.60 per share, with a total value of $181,200.00. Following the transaction, the chief executive officer now directly owns 82,286 shares in the company, valued at $7,455,111.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.47% of the stock is owned by insiders.
Several institutional investors have recently modified their holdings of TCBI. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Texas Capital Bancshares in the 3rd quarter worth approximately $101,000. Rehmann Capital Advisory Group purchased a new position in shares of Texas Capital Bancshares in the 3rd quarter worth approximately $201,000. Cubist Systematic Strategies LLC purchased a new position in shares of Texas Capital Bancshares in the 2nd quarter worth approximately $201,000. D.A. Davidson & CO. grew its position in shares of Texas Capital Bancshares by 14.3% in the 2nd quarter. D.A. Davidson & CO. now owns 2,632 shares of the bank’s stock worth $203,000 after buying an additional 329 shares during the last quarter. Finally, Signature Financial Management Inc. purchased a new position in shares of Texas Capital Bancshares in the 3rd quarter worth approximately $215,000.
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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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