Analysts Set Texas Capital Bancshares, Inc. (NASDAQ:TCBI) PT at $104.09

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) has earned an average rating of “Hold” from the thirteen analysts that are currently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $104.0909.

A number of analysts have recently commented on TCBI shares. Zacks Research downgraded Texas Capital Bancshares from a “strong-buy” rating to a “hold” rating in a report on Monday, March 30th. JPMorgan Chase & Co. dropped their price objective on Texas Capital Bancshares from $105.00 to $100.00 and set an “underweight” rating for the company in a report on Wednesday, April 1st. Piper Sandler upped their price objective on Texas Capital Bancshares from $96.00 to $100.00 and gave the stock a “neutral” rating in a report on Friday, April 24th. Wall Street Zen upgraded Texas Capital Bancshares from a “sell” rating to a “hold” rating in a report on Sunday, May 17th. Finally, Royal Bank Of Canada upped their price objective on Texas Capital Bancshares from $110.00 to $114.00 and gave the stock a “sector perform” rating in a report on Friday, April 24th.

Texas Capital Bancshares Trading Down 0.6%

Shares of TCBI opened at $101.69 on Friday. The stock has a fifty day moving average of $99.36 and a two-hundred day moving average of $96.93. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market capitalization of $4.44 billion, a PE ratio of 13.67, a price-to-earnings-growth ratio of 1.45 and a beta of 0.67. Texas Capital Bancshares has a fifty-two week low of $73.27 and a fifty-two week high of $108.92.

Texas Capital Bancshares (NASDAQ:TCBI) last released its quarterly earnings data on Thursday, April 23rd. The bank reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.42 by $0.16. The business had revenue of $323.99 million during the quarter, compared to the consensus estimate of $318.10 million. Texas Capital Bancshares had a return on equity of 10.76% and a net margin of 17.71%.The business’s revenue for the quarter was up 15.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.92 EPS. As a group, analysts forecast that Texas Capital Bancshares will post 7.63 EPS for the current year.

Texas Capital Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Monday, June 1st. Texas Capital Bancshares’s dividend payout ratio is 10.75%.

Insiders Place Their Bets

In other Texas Capital Bancshares news, Director Paola M. Arbour purchased 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 11th. The stock was purchased at an average cost of $91.50 per share, with a total value of $91,500.00. Following the transaction, the director owned 6,671 shares in the company, valued at approximately $610,396.50. This trade represents a 17.63% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.91% of the company’s stock.

Institutional Trading of Texas Capital Bancshares

A number of institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE grew its stake in shares of Texas Capital Bancshares by 13.6% during the first quarter. Bank of America Corp DE now owns 378,515 shares of the bank’s stock valued at $35,914,000 after acquiring an additional 45,220 shares in the last quarter. Edgestream Partners L.P. acquired a new stake in shares of Texas Capital Bancshares during the first quarter valued at about $6,690,000. Amundi acquired a new stake in shares of Texas Capital Bancshares during the first quarter valued at about $231,000. EverSource Wealth Advisors LLC grew its stake in shares of Texas Capital Bancshares by 14.4% during the first quarter. EverSource Wealth Advisors LLC now owns 1,504 shares of the bank’s stock valued at $143,000 after acquiring an additional 189 shares in the last quarter. Finally, California State Teachers Retirement System grew its stake in shares of Texas Capital Bancshares by 26.1% during the first quarter. California State Teachers Retirement System now owns 55,409 shares of the bank’s stock valued at $5,257,000 after acquiring an additional 11,482 shares in the last quarter. 96.88% of the stock is owned by hedge funds and other institutional investors.

Texas Capital Bancshares Company Profile

Texas Capital Bancshares, Inc is a bank holding company headquartered in Dallas, Texas, operating through its wholly owned subsidiary, Texas Capital Bank. The company specializes in providing commercial banking services to middle-market companies, entrepreneurs, professional service firms, real estate developers, and not-for-profit organizations. Its broad range of offerings includes commercial lending, treasury and cash management, real estate finance, equipment finance, and energy lending, all designed to address the unique financial needs of businesses navigating growth and market challenges.

In addition to its core commercial banking capabilities, Texas Capital Bancshares delivers private banking and wealth management services for business owners and high-net-worth individuals.