Texas Capital Bancshares (NASDAQ:TCBI)‘s stock had its “neutral” rating reaffirmed by stock analysts at Barclays in a report issued on Friday, January 26th. They presently have a $104.00 target price on the bank’s stock, up from their previous target price of $90.00. Barclays’ price target would suggest a potential upside of 15.24% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the company. Raymond James Financial raised Texas Capital Bancshares from a “market perform” rating to an “outperform” rating and set a $115.00 price objective on the stock in a research report on Thursday, January 25th. BidaskClub raised Texas Capital Bancshares from a “sell” rating to a “hold” rating in a research report on Wednesday, December 20th. Wedbush cut Texas Capital Bancshares from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $88.00 to $87.00 in a research report on Wednesday, October 4th. They noted that the move was a valuation call. Piper Jaffray Companies reissued a “hold” rating and issued a $98.50 target price on shares of Texas Capital Bancshares in a research report on Tuesday, January 9th. Finally, UBS Group raised Texas Capital Bancshares from a “market perform” rating to an “outperform” rating in a research note on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $98.75.
Texas Capital Bancshares (TCBI) opened at $90.25 on Friday. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.23 and a current ratio of 1.28. The company has a market capitalization of $4,480.00, a P/E ratio of 24.20, a P/E/G ratio of 1.23 and a beta of 1.77. Texas Capital Bancshares has a twelve month low of $69.65 and a twelve month high of $102.90.
Texas Capital Bancshares (NASDAQ:TCBI) last announced its earnings results on Wednesday, January 24th. The bank reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.03. The company had revenue of $230.02 million during the quarter, compared to the consensus estimate of $219.78 million. Texas Capital Bancshares had a return on equity of 10.85% and a net margin of 20.67%. During the same quarter in the prior year, the company earned $0.96 earnings per share. research analysts expect that Texas Capital Bancshares will post 6.07 EPS for the current year.
In related news, CEO C Keith Cargill bought 2,000 shares of the company’s stock in a transaction dated Tuesday, February 6th. The stock was purchased at an average price of $90.60 per share, for a total transaction of $181,200.00. Following the acquisition, the chief executive officer now owns 82,286 shares in the company, valued at $7,455,111.60. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. 0.47% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of TCBI. Eagle Asset Management Inc. boosted its holdings in Texas Capital Bancshares by 791.5% during the 3rd quarter. Eagle Asset Management Inc. now owns 776,161 shares of the bank’s stock valued at $67,448,000 after acquiring an additional 689,096 shares during the period. Koch Industries Inc. purchased a new position in Texas Capital Bancshares during the 2nd quarter valued at $661,000. Balyasny Asset Management LLC raised its position in Texas Capital Bancshares by 474.5% during the 2nd quarter. Balyasny Asset Management LLC now owns 657,805 shares of the bank’s stock valued at $50,914,000 after purchasing an additional 543,299 shares in the last quarter. Carillon Tower Advisers Inc. bought a new stake in Texas Capital Bancshares during the 4th quarter valued at $42,292,000. Finally, State Street Corp raised its position in Texas Capital Bancshares by 14.8% during the 2nd quarter. State Street Corp now owns 3,497,607 shares of the bank’s stock valued at $270,711,000 after purchasing an additional 449,797 shares in the last quarter.
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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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