Texas Capital Bancshares Inc (NASDAQ:TCBI) has earned a consensus rating of “Hold” from the seventeen ratings firms that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $100.05.
TCBI has been the subject of a number of recent research reports. Zacks Investment Research upgraded Texas Capital Bancshares from a “hold” rating to a “buy” rating and set a $104.00 price objective for the company in a report on Tuesday, December 26th. Stephens reissued a “hold” rating on shares of Texas Capital Bancshares in a research report on Tuesday, March 6th. BidaskClub cut shares of Texas Capital Bancshares from a “hold” rating to a “sell” rating in a research report on Tuesday, December 12th. SunTrust Banks reissued a “buy” rating and set a $100.00 price objective on shares of Texas Capital Bancshares in a research report on Wednesday, November 29th. Finally, Bank of America upped their target price on shares of Texas Capital Bancshares from $110.00 to $112.00 and gave the stock a “buy” rating in a report on Thursday, January 25th.
Shares of Texas Capital Bancshares (TCBI) traded up $0.05 during mid-day trading on Friday, hitting $93.60. The company had a trading volume of 164,169 shares, compared to its average volume of 462,318. Texas Capital Bancshares has a fifty-two week low of $69.65 and a fifty-two week high of $102.90. The company has a market capitalization of $4,725.26, a PE ratio of 23.32, a P/E/G ratio of 1.31 and a beta of 1.75. 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 EPS for the quarter, beating the consensus estimate of $1.16 by $0.03. The business had revenue of $230.02 million during the quarter, compared to the consensus estimate of $219.78 million. Texas Capital Bancshares had a net margin of 20.67% and a return on equity of 10.85%. During the same period in the previous year, the business earned $0.96 earnings per share. equities research analysts predict that Texas Capital Bancshares will post 6.07 earnings per share for the current fiscal year.
In other Texas Capital Bancshares news, CEO C Keith Cargill acquired 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 6th. The shares were acquired at an average price of $90.60 per share, with a total value of $181,200.00. Following the completion of the purchase, the chief executive officer now directly owns 82,286 shares of the company’s stock, valued at approximately $7,455,111.60. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ian J. Turpin sold 1,186 shares of the business’s stock in a transaction dated Friday, March 2nd. The stock was sold at an average price of $89.55, for a total transaction of $106,206.30. Following the sale, the director now directly owns 9,491 shares in the company, valued at approximately $849,919.05. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Eagle Asset Management Inc. increased its holdings in Texas Capital Bancshares by 791.5% during the third quarter. Eagle Asset Management Inc. now owns 776,161 shares of the bank’s stock valued at $67,448,000 after buying an additional 689,096 shares during the last quarter. Carillon Tower Advisers Inc. bought a new position in Texas Capital Bancshares during the fourth quarter valued at $42,292,000. Copper Rock Capital Partners LLC bought a new stake in shares of Texas Capital Bancshares in the 4th quarter worth about $28,414,000. Bank of New York Mellon Corp lifted its holdings in shares of Texas Capital Bancshares by 22.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,149,203 shares of the bank’s stock worth $98,602,000 after acquiring an additional 208,235 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in shares of Texas Capital Bancshares by 118.9% in the 4th quarter. Victory Capital Management Inc. now owns 378,250 shares of the bank’s stock worth $33,626,000 after acquiring an additional 205,490 shares during the last quarter.
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Texas Capital Bancshares Company Profile
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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