BidaskClub upgraded shares of Texas Capital Bancshares (NASDAQ:TCBI) from a strong sell rating to a sell rating in a research report released on Thursday morning.
TCBI has been the topic of a number of other research reports. Sandler O’Neill reaffirmed a hold rating and issued a $103.00 price objective on shares of Texas Capital Bancshares in a report on Friday, July 20th. Wedbush increased their price objective on shares of Texas Capital Bancshares from $109.00 to $110.00 and gave the stock a $96.20 rating in a report on Thursday, July 19th. ValuEngine raised shares of Texas Capital Bancshares from a hold rating to a buy rating in a report on Saturday, May 12th. Stephens reaffirmed a hold rating and issued a $105.00 price objective on shares of Texas Capital Bancshares in a report on Monday, June 18th. Finally, Zacks Investment Research raised shares of Texas Capital Bancshares from a hold rating to a buy rating and set a $107.00 price objective on the stock in a report on Tuesday, June 19th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company’s stock. Texas Capital Bancshares currently has a consensus rating of Hold and an average target price of $106.47.
Shares of TCBI stock traded up $0.25 during trading hours on Thursday, reaching $89.90. The stock had a trading volume of 6,037 shares, compared to its average volume of 347,478. 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 twelve month low of $69.65 and a twelve month high of $103.05. The stock has a market cap of $4.53 billion, a PE ratio of 22.00, a price-to-earnings-growth ratio of 1.30 and a beta of 1.76.
Texas Capital Bancshares (NASDAQ:TCBI) last released its quarterly earnings data on Wednesday, July 18th. The bank reported $1.38 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.39 by ($0.01). Texas Capital Bancshares had a return on equity of 12.51% and a net margin of 22.15%. The firm had revenue of $248.99 million during the quarter, compared to analyst estimates of $242.58 million. During the same period last year, the business earned $0.97 EPS. equities analysts forecast that Texas Capital Bancshares will post 6.12 EPS for the current fiscal year.
In related news, Director Ian J. Turpin sold 5,320 shares of the 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 completion of the transaction, the director now owns 8,602 shares in the company, valued at approximately $800,502.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.48% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in TCBI. SG Americas Securities LLC boosted its holdings in shares of Texas Capital Bancshares by 33.6% in the 1st quarter. SG Americas Securities LLC now owns 10,746 shares of the bank’s stock worth $966,000 after purchasing an additional 2,702 shares in the last quarter. Hodges Capital Management Inc. purchased a new stake in Texas Capital Bancshares during the 1st quarter valued at about $200,000. Virginia Retirement Systems ET AL boosted its holdings in Texas Capital Bancshares by 117.9% during the 1st quarter. Virginia Retirement Systems ET AL now owns 18,300 shares of the bank’s stock valued at $1,645,000 after acquiring an additional 9,900 shares during the period. Victory Capital Management Inc. boosted its holdings in Texas Capital Bancshares by 22.9% during the 1st quarter. Victory Capital Management Inc. now owns 464,721 shares of the bank’s stock valued at $41,779,000 after acquiring an additional 86,471 shares during the period. Finally, Swiss National Bank boosted its holdings in Texas Capital Bancshares by 2.2% during the 1st quarter. Swiss National Bank now owns 86,450 shares of the bank’s stock valued at $7,772,000 after acquiring an additional 1,900 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.
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