Texas Capital Bancshares Inc. (NASDAQ:TCBI) has been assigned a consensus recommendation of “Hold” from the twenty-one brokerages that are currently covering the company. Fifteen equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $52.81.
A number of research firms have issued reports on TCBI. Barclays PLC raised their target price on Texas Capital Bancshares from $52.00 to $58.00 and gave the company an “equal weight” rating in a research note on Tuesday. Citigroup Inc. cut Texas Capital Bancshares to an “outperform” rating and raised their target price for the company from $52.00 to $54.00 in a research note on Thursday, July 21st. Compass Point began coverage on Texas Capital Bancshares in a research note on Friday, July 1st. They issued a “buy” rating and a $54.00 target price on the stock. Bank of America Corp. cut Texas Capital Bancshares from a “buy” rating to a “neutral” rating in a research note on Wednesday, June 29th. Finally, Deutsche Bank AG raised their target price on Texas Capital Bancshares from $56.00 to $66.00 and gave the company a “buy” rating in a research note on Tuesday.
Shares of Texas Capital Bancshares (NASDAQ:TCBI) opened at 56.55 on Monday. The firm has a market capitalization of $2.60 billion, a PE ratio of 20.87 and a beta of 1.47. The company has a 50-day moving average of $53.54 and a 200-day moving average of $47.85. Texas Capital Bancshares has a 52 week low of $29.78 and a 52 week high of $61.83.
Texas Capital Bancshares (NASDAQ:TCBI) last released its quarterly earnings data on Wednesday, July 20th. The company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.01. Texas Capital Bancshares had a net margin of 19.73% and a return on equity of 9.14%. During the same period in the prior year, the firm earned $0.76 earnings per share. On average, equities analysts forecast that Texas Capital Bancshares will post $2.99 earnings per share for the current fiscal year.
In related news, Director James H. Browning sold 2,500 shares of Texas Capital Bancshares stock in a transaction dated Thursday, September 1st. The stock was sold at an average price of $52.55, for a total value of $131,375.00. Following the transaction, the director now owns 8,314 shares of the company’s stock, valued at approximately $436,900.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.08% of the stock is owned by corporate insiders.
A number of institutional investors have recently modified their holdings of the company. BlackRock Inc. boosted its position in shares of Texas Capital Bancshares by 97.3% in the first quarter. BlackRock Inc. now owns 3,097 shares of the company’s stock worth $118,000 after buying an additional 1,527 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of Texas Capital Bancshares during the second quarter worth $149,000. Strs Ohio boosted its position in shares of Texas Capital Bancshares by 400.0% in the second quarter. Strs Ohio now owns 4,000 shares of the company’s stock worth $187,000 after buying an additional 3,200 shares in the last quarter. GSA Capital Partners LLP bought a new position in shares of Texas Capital Bancshares during the second quarter worth $205,000. Finally, Suntrust Banks Inc. bought a new position in shares of Texas Capital Bancshares during the second quarter worth $230,000.
Texas Capital Bancshares Company Profile
Texas Capital Bancshares, Inc is a bank holding and a financial holding company. The Company is the parent of Texas Capital Bank, National Association (the Bank). It offers a range of loans, deposit accounts and other financial products and services. It offers commercial loans for general corporate purposes, including financing for working capital, internal growth, acquisitions and financing for business insurance premiums; real estate term and construction loans; mortgage finance lending; equipment leasing; treasury management services; wealth management and trust services, and letters of credit.
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