Shares of Texas Capital Bancshares Inc (NASDAQ:TCBI) have earned a consensus rating of “Hold” from the eighteen brokerages that are presently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $107.62.
Several equities analysts have recently commented on the stock. Piper Jaffray Companies reaffirmed a “buy” rating and set a $117.00 price objective on shares of Texas Capital Bancshares in a research note on Friday, July 20th. Wedbush upped their price objective on shares of Texas Capital Bancshares from $109.00 to $110.00 and gave the company a “$96.20” rating in a research note on Thursday, July 19th. Sandler O’Neill reaffirmed a “hold” rating and set a $103.00 price objective on shares of Texas Capital Bancshares in a research note on Friday, July 20th. BidaskClub raised shares of Texas Capital Bancshares from a “strong sell” rating to a “sell” rating in a research note on Saturday, July 21st. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $105.00 price objective on shares of Texas Capital Bancshares in a research note on Friday, July 20th.
Shares of NASDAQ:TCBI opened at $89.70 on Friday. The stock has a market cap of $4.46 billion, a PE ratio of 21.99, a PEG ratio of 1.28 and a beta of 1.77. The company has a quick ratio of 1.26, a current ratio of 1.32 and a debt-to-equity ratio of 2.00. Texas Capital Bancshares has a 12 month low of $69.65 and a 12 month high of $103.05.
Texas Capital Bancshares (NASDAQ:TCBI) last issued its quarterly earnings data on Wednesday, July 18th. The bank reported $1.38 EPS for the quarter, missing the consensus estimate of $1.39 by ($0.01). The firm had revenue of $248.99 million for the quarter, compared to the consensus estimate of $242.58 million. Texas Capital Bancshares had a net margin of 22.15% and a return on equity of 12.51%. During the same period last year, the company posted $0.97 earnings per share. equities analysts anticipate that Texas Capital Bancshares will post 6.12 earnings per share for the current year.
In other Texas Capital Bancshares news, Director Ian J. Turpin sold 5,320 shares of the company’s stock in a transaction dated Friday, August 24th. The shares were sold at an average price of $93.06, for a total value of $495,079.20. Following the sale, the director now owns 8,602 shares in the company, valued at $800,502.12. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.48% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in TCBI. Millennium Management LLC grew its holdings in Texas Capital Bancshares by 8,258.2% in the second quarter. Millennium Management LLC now owns 1,371,662 shares of the bank’s stock worth $125,507,000 after purchasing an additional 1,355,251 shares during the period. Standard Life Aberdeen plc grew its holdings in Texas Capital Bancshares by 64.8% in the second quarter. Standard Life Aberdeen plc now owns 471,594 shares of the bank’s stock worth $43,162,000 after purchasing an additional 185,407 shares during the period. Paloma Partners Management Co grew its holdings in Texas Capital Bancshares by 2,149.6% in the second quarter. Paloma Partners Management Co now owns 149,169 shares of the bank’s stock worth $13,649,000 after purchasing an additional 142,538 shares during the period. Carillon Tower Advisers Inc. grew its holdings in Texas Capital Bancshares by 27.8% in the first quarter. Carillon Tower Advisers Inc. now owns 607,984 shares of the bank’s stock worth $54,232,000 after purchasing an additional 132,248 shares during the period. Finally, BlackRock Inc. grew its holdings in Texas Capital Bancshares by 2.4% in the first quarter. BlackRock Inc. now owns 5,433,137 shares of the bank’s stock worth $488,439,000 after purchasing an additional 124,992 shares during the period.
Texas Capital Bancshares Company Profile
Texas Capital Bancshares, Inc operates as the bank holding company for Texas Capital Bank, National Association that provides various banking products and services for commercial businesses, and professionals and entrepreneurs. It offers business deposit products and services, including commercial checking accounts, lockbox accounts, and cash concentration accounts, as well as other treasury management services, including information services, wire transfer initiation, ACH initiation, account transfer, and service integration; and consumer deposit products, such as checking accounts, savings accounts, money market accounts, and certificates of deposit.
Further Reading: Momentum Indicator: Relative Strength Index
Receive News & Ratings for Texas Capital Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Texas Capital Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.