Stephens Cuts Texas Capital Bancshares (NASDAQ:TCBI) Price Target to $73.00

Texas Capital Bancshares (NASDAQ:TCBI) had its price target lowered by research analysts at Stephens from $78.00 to $73.00 in a research note issued on Friday, Benzinga reports. The brokerage presently has an “overweight” rating on the bank’s stock. Stephens’ target price suggests a potential upside of 26.98% from the stock’s previous close.

Other equities analysts have also issued reports about the company. Truist Financial lowered Texas Capital Bancshares from a “buy” rating to a “hold” rating and reduced their price objective for the company from $72.00 to $66.00 in a research note on Monday, April 1st. UBS Group lifted their price target on shares of Texas Capital Bancshares from $56.00 to $57.00 and gave the company a “sell” rating in a research report on Tuesday, January 23rd. Citigroup decreased their price objective on shares of Texas Capital Bancshares from $66.00 to $64.00 and set a “neutral” rating for the company in a research note on Wednesday, March 13th. Wedbush cut their target price on shares of Texas Capital Bancshares from $64.00 to $61.00 and set a “neutral” rating on the stock in a research note on Friday. Finally, Royal Bank of Canada decreased their price target on shares of Texas Capital Bancshares from $68.00 to $66.00 and set a “sector perform” rating for the company in a research report on Tuesday, April 9th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $63.13.

Texas Capital Bancshares Trading Up 2.7 %

NASDAQ:TCBI traded up $1.51 during trading hours on Friday, reaching $57.49. 127,455 shares of the company were exchanged, compared to its average volume of 460,315. The firm has a market cap of $2.73 billion, a price-to-earnings ratio of 16.06, a PEG ratio of 1.97 and a beta of 1.19. The stock has a 50 day simple moving average of $58.90 and a 200 day simple moving average of $59.00. Texas Capital Bancshares has a 52-week low of $42.79 and a 52-week high of $66.18. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.01 and a quick ratio of 1.01.

Texas Capital Bancshares (NASDAQ:TCBI) last issued its earnings results on Thursday, January 18th. The bank reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.24). Texas Capital Bancshares had a return on equity of 7.28% and a net margin of 10.56%. The firm had revenue of $245.85 million during the quarter, compared to analysts’ expectations of $251.96 million. During the same period last year, the business posted $0.87 earnings per share. As a group, analysts predict that Texas Capital Bancshares will post 3.55 EPS for the current year.

Insider Buying and Selling at Texas Capital Bancshares

In other Texas Capital Bancshares news, Director Robert W. Stallings bought 5,000 shares of the company’s stock in a transaction dated Thursday, January 25th. The shares were acquired at an average cost of $19.09 per share, with a total value of $95,450.00. Following the completion of the transaction, the director now owns 117,706 shares in the company, valued at $2,247,007.54. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, Director Robert W. Stallings bought 6,000 shares of the company’s stock in a transaction dated Monday, February 5th. The stock was bought at an average price of $18.64 per share, with a total value of $111,840.00. Following the transaction, the director now owns 146,706 shares of the company’s stock, valued at $2,734,599.84. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Robert W. Stallings purchased 5,000 shares of Texas Capital Bancshares stock in a transaction dated Thursday, January 25th. The shares were bought at an average cost of $19.09 per share, for a total transaction of $95,450.00. Following the transaction, the director now directly owns 117,706 shares of the company’s stock, valued at approximately $2,247,007.54. The disclosure for this purchase can be found here. Insiders bought a total of 28,000 shares of company stock valued at $612,850 in the last ninety days. Insiders own 0.99% of the company’s stock.

Institutional Trading of Texas Capital Bancshares

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Lazard Asset Management LLC bought a new position in Texas Capital Bancshares during the 3rd quarter worth approximately $32,000. CWM LLC lifted its stake in Texas Capital Bancshares by 426.6% during the first quarter. CWM LLC now owns 674 shares of the bank’s stock worth $41,000 after purchasing an additional 546 shares during the last quarter. US Bancorp DE lifted its stake in Texas Capital Bancshares by 165.7% during the fourth quarter. US Bancorp DE now owns 667 shares of the bank’s stock worth $43,000 after purchasing an additional 416 shares during the last quarter. Atwood & Palmer Inc. acquired a new position in Texas Capital Bancshares in the third quarter worth $47,000. Finally, Mather Group LLC. bought a new stake in Texas Capital Bancshares during the first quarter valued at $50,000. 96.88% of the stock is owned by institutional investors.

About Texas Capital Bancshares

Texas Capital Bancshares, Inc operates as the bank holding company for Texas Capital Bank, is a full-service financial services firm that delivers customized solutions to businesses, entrepreneurs, and individual customers. The company offers commercial banking; consumer banking; investment banking solutions, including capital markets, mergers and acquisitions, and syndicated finance, as well as financial sponsor coverage, capital solutions, and institutional services; and wealth management services, such as investment management, financial planning, lockbox and insurance, securities-based lending, estate planning, and business succession, as well as philanthropic, trustee and executor, custom credit, and depository services.