Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Receives $101.17 Consensus Price Target from Analysts

Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) have earned a consensus recommendation of “Hold” from the fourteen ratings firms that are covering the company, MarketBeat.com reports. Three analysts have rated the stock with a sell rating, six have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $101.1667.

Several equities analysts recently weighed in on the stock. Hovde Group raised 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 note on Tuesday, January 27th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Texas Capital Bancshares in a research report on Wednesday, January 28th. Stephens increased their price target on shares of Texas Capital Bancshares from $111.00 to $114.00 and gave the company an “overweight” rating in a research note on Friday, January 23rd. Citigroup lifted their price objective on shares of Texas Capital Bancshares from $75.00 to $88.00 and gave the company a “sell” rating in a research report on Monday, January 26th. Finally, Zacks Research upgraded shares of Texas Capital Bancshares from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 2nd.

Insider Buying and Selling

In other Texas Capital Bancshares news, Director Paola M. Arbour acquired 1,000 shares of the business’s stock in a transaction dated Wednesday, March 11th. The stock was bought at an average cost of $91.50 per share, with a total value of $91,500.00. Following the completion of the transaction, the director directly owned 6,671 shares in the company, valued at approximately $610,396.50. This represents a 17.63% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Robert W. Stallings bought 20,000 shares of Texas Capital Bancshares stock in a transaction dated Thursday, March 5th. The shares were acquired at an average price of $22.69 per share, with a total value of $453,800.00. Following the completion of the purchase, the director directly owned 169,587 shares in the company, valued at $3,847,929.03. This trade represents a 13.37% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders acquired 49,500 shares of company stock worth $1,252,855. Company insiders own 1.72% of the company’s stock.

Institutional Investors Weigh In On Texas Capital Bancshares

Large investors have recently added to or reduced their stakes in the business. Danske Bank A S bought a new position in Texas Capital Bancshares during the third quarter worth $25,000. Farther Finance Advisors LLC raised its position 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 bought a new position in shares of Texas Capital Bancshares in the third quarter valued at about $32,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of Texas Capital Bancshares by 169.7% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 391 shares of the bank’s stock worth $35,000 after buying an additional 246 shares during the last quarter. Finally, Eurizon Capital SGR S.p.A. acquired a new stake in shares of Texas Capital Bancshares during the 4th quarter worth about $36,000. Institutional investors own 96.88% of the company’s stock.

Texas Capital Bancshares Stock Performance

TCBI opened at $91.08 on Monday. The business’s 50-day simple moving average is $98.65 and its 200 day simple moving average is $91.61. Texas Capital Bancshares has a 52-week low of $59.37 and a 52-week high of $108.92. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.00 and a current ratio of 1.00. The firm has a market capitalization of $4.03 billion, a PE ratio of 13.39, a PEG ratio of 0.44 and a beta of 0.66.

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

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.