Texas Capital Bancshares (NASDAQ:TCBI) Raised to Strong-Buy at Zacks Research

Texas Capital Bancshares (NASDAQ:TCBI) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Monday,Zacks.com reports.

TCBI has been the subject of a number of other research reports. DA Davidson upped their price target on Texas Capital Bancshares from $94.00 to $104.00 and gave the stock a “neutral” rating in a report on Friday, January 23rd. Citigroup upped their target price on Texas Capital Bancshares from $75.00 to $88.00 and gave the stock a “sell” rating in a research note on Monday, January 26th. Piper Sandler lifted their price target on shares of Texas Capital Bancshares from $86.00 to $96.00 and gave the company a “neutral” rating in a research note on Friday, January 23rd. Weiss Ratings restated a “buy (b-)” rating on shares of Texas Capital Bancshares in a research report on Wednesday, January 28th. Finally, Hovde Group lifted their target price on shares of Texas Capital Bancshares from $93.00 to $102.00 and gave the company a “market perform” rating in a research report on Tuesday, January 27th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Texas Capital Bancshares has an average rating of “Hold” and an average target price of $101.17.

Texas Capital Bancshares Stock Up 3.4%

Shares of TCBI opened at $105.98 on Monday. The company has a market capitalization of $4.84 billion, a price-to-earnings ratio of 15.59, a PEG ratio of 0.49 and a beta of 0.68. Texas Capital Bancshares has a 52 week low of $59.37 and a 52 week high of $106.22. The stock’s 50-day moving average price is $95.41 and its 200-day moving average price is $88.62. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.19.

Texas Capital Bancshares (NASDAQ:TCBI) last announced its quarterly earnings results on Thursday, January 22nd. The bank reported $2.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.78 by $0.30. The company had revenue of $327.48 million during the quarter, compared to the consensus estimate of $324.09 million. Texas Capital Bancshares had a return on equity of 10.05% and a net margin of 16.52%.During the same period in the previous year, the company posted $1.43 earnings per share. On average, sell-side analysts predict that Texas Capital Bancshares will post 5.84 EPS for the current year.

Insider Transactions at Texas Capital Bancshares

In other Texas Capital Bancshares news, Director Laura L. Whitley acquired 500 shares of the business’s stock in a transaction on Monday, January 26th. The stock was bought at an average price of $97.51 per share, for a total transaction of $48,755.00. Following the acquisition, the director owned 7,961 shares in the company, valued at approximately $776,277.11. The trade was a 6.70% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Robert W. Stallings bought 2,000 shares of the firm’s stock in a transaction on Friday, January 23rd. The stock was acquired at an average cost of $20.91 per share, for a total transaction of $41,820.00. Following the completion of the purchase, the director directly owned 277,913 shares in the company, valued at approximately $5,811,160.83. This represents a 0.72% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought 3,000 shares of company stock valued at $139,355 over the last quarter. Company insiders own 1.72% of the company’s stock.

Institutional Investors Weigh In On Texas Capital Bancshares

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Danske Bank A S acquired a new stake in shares of Texas Capital Bancshares in the 3rd quarter worth $25,000. Farther Finance Advisors LLC grew its holdings in shares of Texas Capital Bancshares by 1,381.8% in the fourth quarter. Farther Finance Advisors LLC now owns 326 shares of the bank’s stock valued at $30,000 after purchasing an additional 304 shares during the period. Advisory Services Network LLC acquired a new position in Texas Capital Bancshares in the 3rd quarter valued at about $32,000. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Texas Capital Bancshares by 169.7% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 391 shares of the bank’s stock valued at $35,000 after purchasing an additional 246 shares during the last quarter. Finally, Torren Management LLC purchased a new stake in shares of Texas Capital Bancshares in the 4th quarter valued at approximately $40,000. Institutional investors and hedge funds own 96.88% of the company’s stock.

More Texas Capital Bancshares News

Here are the key news stories impacting Texas Capital Bancshares this week:

• Positive Sentiment: Zacks upgraded TCBI to a Zacks Rank #1 (Strong Buy), citing improved earnings prospects — the upgrade increases visibility among Zacks-driven and momentum investors and often triggers short-term flows. All You Need to Know About Texas Capital (TCBI) Rating Upgrade to Strong Buy
• Positive Sentiment: TCBI was added to multiple Zacks #1 lists (momentum, growth and value), amplifying buy-side attention from different investor groups and algorithmic screens that follow Zacks additions. Best Momentum Stocks to Buy for February 3rd
• Positive Sentiment: Insider buying reported: a Texas Capital director made a fresh stock purchase on Feb. 2, which investors typically view as a positive signal about management’s confidence in the share price and outlook. Texas Capital Bancshares Director Makes Bold Insider Move With Fresh Stock Buy

About Texas Capital Bancshares

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.