Texas Capital Bancshares (TCBI) Rating Lowered to Sell at ValuEngine

Texas Capital Bancshares (NASDAQ:TCBI) was downgraded by ValuEngine from a “hold” rating to a “sell” rating in a report released on Monday.

TCBI has been the subject of a number of other research reports. BidaskClub cut shares of Texas Capital Bancshares from a “sell” rating to a “strong sell” rating in a research note on Saturday, September 15th. Sandler O’Neill restated a “hold” rating and issued a $103.00 price objective on shares of Texas Capital Bancshares in a research note on Friday, July 20th. Wedbush increased 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. Zacks Investment Research upgraded shares of Texas Capital Bancshares from a “hold” rating to a “buy” rating and set a $97.00 price objective for the company in a research note on Tuesday, September 18th. Finally, Stephens restated a “hold” rating and issued a $105.00 price objective on shares of Texas Capital Bancshares in a research note on Monday, June 18th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $106.33.

Shares of TCBI stock opened at $87.50 on Monday. Texas Capital Bancshares has a 52-week low of $77.65 and a 52-week high of $103.05. The firm has a market capitalization of $4.44 billion, a PE ratio of 21.24, a price-to-earnings-growth 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 (NASDAQ:TCBI) last announced its quarterly earnings data on Wednesday, July 18th. The bank reported $1.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.01). Texas Capital Bancshares had a net margin of 22.15% and a return on equity of 12.51%. The business had revenue of $248.99 million during the quarter, compared to analyst estimates of $242.58 million. During the same quarter in the prior year, the company posted $0.97 EPS. equities research analysts forecast that Texas Capital Bancshares will post 6.12 earnings per share for the current year.

In other 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 of the company’s stock, valued at approximately $800,502.12. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.48% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Crossmark Global Holdings Inc. grew its holdings in shares of Texas Capital Bancshares by 10.8% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 6,380 shares of the bank’s stock worth $584,000 after purchasing an additional 620 shares during the last quarter. Rhumbline Advisers grew its holdings in Texas Capital Bancshares by 0.6% during the 2nd quarter. Rhumbline Advisers now owns 111,693 shares of the bank’s stock worth $10,220,000 after acquiring an additional 668 shares during the last quarter. Oregon Public Employees Retirement Fund grew its holdings in Texas Capital Bancshares by 4.1% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 19,355 shares of the bank’s stock worth $1,771,000 after acquiring an additional 759 shares during the last quarter. Suntrust Banks Inc. grew its holdings in Texas Capital Bancshares by 3.2% during the 1st quarter. Suntrust Banks Inc. now owns 25,722 shares of the bank’s stock worth $2,310,000 after acquiring an additional 799 shares during the last quarter. Finally, Arizona State Retirement System grew its holdings in Texas Capital Bancshares by 2.6% during the 2nd quarter. Arizona State Retirement System now owns 34,488 shares of the bank’s stock worth $3,156,000 after acquiring an additional 868 shares during the last quarter.

About Texas Capital Bancshares

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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Analyst Recommendations for Texas Capital Bancshares (NASDAQ:TCBI)

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