Texas Capital Bancshares Inc (NASDAQ:TCBI) has been given a consensus rating of “Hold” by the sixteen analysts that are currently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $65.37.
TCBI has been the subject of several research reports. Zacks Investment Research downgraded shares of Texas Capital Bancshares from a “hold” rating to a “sell” rating and set a $60.00 price objective for the company. in a research report on Thursday, September 19th. Raymond James downgraded shares of Texas Capital Bancshares from an “outperform” rating to a “market perform” rating in a research report on Thursday, August 29th. SunTrust Banks downgraded shares of Texas Capital Bancshares from a “buy” rating to a “hold” rating and dropped their price target for the company from $72.00 to $63.00 in a research report on Thursday, July 18th. UBS Group downgraded shares of Texas Capital Bancshares from a “neutral” rating to a “sell” rating and dropped their price target for the company from $62.00 to $52.00 in a research report on Monday, August 5th. Finally, BidaskClub upgraded shares of Texas Capital Bancshares from a “strong sell” rating to a “sell” rating in a research report on Thursday, September 12th.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Savant Capital LLC acquired a new position in Texas Capital Bancshares during the second quarter valued at approximately $63,000. Tower Research Capital LLC TRC raised its position in Texas Capital Bancshares by 1,637.5% during the second quarter. Tower Research Capital LLC TRC now owns 1,251 shares of the bank’s stock valued at $76,000 after purchasing an additional 1,179 shares in the last quarter. Acadian Asset Management LLC acquired a new position in Texas Capital Bancshares during the second quarter valued at approximately $87,000. Kavar Capital Partners LLC acquired a new position in Texas Capital Bancshares during the second quarter valued at approximately $123,000. Finally, Point72 Asset Management L.P. acquired a new position in Texas Capital Bancshares during the second quarter valued at approximately $210,000. Institutional investors own 95.37% of the company’s stock.
Shares of TCBI stock opened at $53.72 on Monday. The firm has a 50 day moving average price of $54.15 and a two-hundred day moving average price of $58.36. The company has a quick ratio of 1.21, a current ratio of 1.26 and a debt-to-equity ratio of 1.39. The company has a market capitalization of $2.59 billion, a PE ratio of 9.28, a price-to-earnings-growth ratio of 1.09 and a beta of 1.88. Texas Capital Bancshares has a 12-month low of $47.86 and a 12-month high of $80.95.
Texas Capital Bancshares (NASDAQ:TCBI) last issued its quarterly earnings data on Wednesday, July 17th. The bank reported $1.50 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.53 by ($0.03). The company had revenue of $267.92 million for the quarter, compared to analyst estimates of $267.15 million. Texas Capital Bancshares had a return on equity of 13.29% and a net margin of 22.88%. During the same quarter last year, the business earned $1.38 earnings per share. As a group, research analysts expect that Texas Capital Bancshares will post 5.93 EPS for the current year.
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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