Texas Capital Bancshares (NASDAQ:TCBI) has been assigned a $105.00 target price by investment analysts at Hovde Group in a research note issued on Monday. The brokerage presently has a “hold” rating on the bank’s stock. Hovde Group’s target price would indicate a potential upside of 9.03% from the stock’s previous close.
Several other brokerages have also weighed in on TCBI. Jefferies Group reissued a “buy” rating and set a $103.00 price objective on shares of Texas Capital Bancshares in a report on Thursday. Barclays reissued a “neutral” rating and set a $104.00 price objective (up from $90.00) on shares of Texas Capital Bancshares in a report on Friday, January 26th. Zacks Investment Research lowered Texas Capital Bancshares from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 20th. Piper Jaffray reissued a “hold” rating and set a $98.50 price objective on shares of Texas Capital Bancshares in a report on Tuesday, January 9th. Finally, BidaskClub raised Texas Capital Bancshares from a “sell” rating to a “hold” rating in a report on Wednesday, March 21st. One analyst has rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $100.04.
NASDAQ TCBI traded up $0.15 on Monday, hitting $96.30. 45,939 shares of the stock traded hands, compared to its average volume of 513,633. Texas Capital Bancshares has a 12 month low of $69.65 and a 12 month high of $102.90. The firm has a market cap of $4,776.15, a price-to-earnings ratio of 23.64, a price-to-earnings-growth ratio of 1.30 and a beta of 1.77. The company has a current ratio of 1.26, a quick ratio of 1.20 and a debt-to-equity ratio of 1.27.
Texas Capital Bancshares (NASDAQ:TCBI) last announced its quarterly earnings data on Wednesday, April 18th. The bank reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.03. Texas Capital Bancshares had a return on equity of 12.00% and a net margin of 22.07%. The business had revenue of $230.25 million during the quarter, compared to analyst estimates of $225.43 million. During the same period in the prior year, the company earned $0.80 earnings per share. analysts forecast that Texas Capital Bancshares will post 6.16 EPS for the current year.
In related news, CEO C Keith Cargill purchased 2,000 shares of the business’s stock in a transaction dated Tuesday, February 6th. The stock was purchased at an average cost of $90.60 per share, with a total value of $181,200.00. Following the completion of the acquisition, the chief executive officer now directly owns 82,286 shares of the company’s stock, valued at $7,455,111.60. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Ian J. Turpin sold 1,186 shares of Texas Capital Bancshares stock in a transaction on Friday, March 2nd. The shares were sold at an average price of $89.55, for a total value of $106,206.30. Following the sale, the director now directly owns 9,491 shares of the company’s stock, valued at approximately $849,919.05. The disclosure for this sale can be found here. 0.48% of the stock is owned by company insiders.
Large investors have recently bought and sold shares of the stock. Castleark Management LLC bought a new stake in Texas Capital Bancshares during the fourth quarter valued at $222,000. Legato Capital Management LLC bought a new stake in Texas Capital Bancshares during the fourth quarter valued at $227,000. Zeke Capital Advisors LLC bought a new stake in Texas Capital Bancshares during the fourth quarter valued at $228,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Texas Capital Bancshares by 39.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,809 shares of the bank’s stock valued at $250,000 after buying an additional 791 shares during the period. Finally, Exane Derivatives boosted its stake in Texas Capital Bancshares by 78.6% during the fourth quarter. Exane Derivatives now owns 2,850 shares of the bank’s stock valued at $253,000 after buying an additional 1,254 shares during the period.
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Texas Capital Bancshares Company Profile
Texas Capital Bancshares, Inc operates as the bank holding company for Texas Capital Bank, National Association that provides various banking products and services for commercial businesses, and professionals and entrepreneurs. It offers business deposit products and services, including commercial checking accounts, lockbox accounts, and cash concentration accounts, as well as other treasury management services, including information services, wire transfer initiation, ACH initiation, account transfer, and service integration; and consumer deposit products, such as checking accounts, savings accounts, money market accounts, and certificates of deposit.
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