Texas Capital Bancshares (TCBI) Given a $78.00 Price Target at Stephens

Stephens set a $78.00 price target on Texas Capital Bancshares (NASDAQ:TCBI) in a research note published on Thursday morning. The firm currently has a hold rating on the bank’s stock.

Several other research analysts also recently issued reports on the stock. Raymond James dropped their price objective on shares of Texas Capital Bancshares from $105.00 to $90.00 and set an outperform rating on the stock in a report on Thursday. SunTrust Banks boosted their price objective on shares of Texas Capital Bancshares to $90.00 and gave the stock a buy rating in a report on Thursday. Royal Bank of Canada dropped their price objective on shares of Texas Capital Bancshares to $90.00 and set a sector perform rating on the stock in a report on Thursday. Wedbush set a $94.00 price objective on shares of Texas Capital Bancshares and gave the stock a buy rating in a report on Thursday. Finally, Zacks Investment Research downgraded shares of Texas Capital Bancshares from a hold rating to a sell rating in a report on Wednesday, October 10th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $99.47.

Shares of NASDAQ:TCBI traded down $0.19 on Thursday, hitting $67.09. 29,273 shares of the company were exchanged, compared to its average volume of 529,941. Texas Capital Bancshares has a one year low of $67.24 and a one year high of $103.05. The company has a debt-to-equity ratio of 2.00, a quick ratio of 1.26 and a current ratio of 1.32. The company has a market cap of $3.87 billion, a price-to-earnings ratio of 16.42, a PEG ratio of 1.11 and a beta of 1.77.

Texas Capital Bancshares (NASDAQ:TCBI) last posted its quarterly earnings data on Wednesday, October 17th. The bank reported $1.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.72 by ($0.07). Texas Capital Bancshares had a return on equity of 13.60% and a net margin of 23.10%. The company had revenue of $257.69 million for the quarter, compared to the consensus estimate of $257.14 million. During the same quarter in the previous year, the firm posted $1.12 EPS. Equities analysts predict that Texas Capital Bancshares will post 6.11 EPS for the current year.

In other news, Director Ian J. Turpin sold 5,320 shares of Texas Capital Bancshares stock in a transaction dated Friday, August 24th. The shares were sold at an average price of $93.06, for a total transaction of $495,079.20. Following the sale, the director now directly owns 8,602 shares in the company, valued at approximately $800,502.12. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO C Keith Cargill bought 3,000 shares of the firm’s stock in a transaction dated Friday, October 19th. The shares were acquired at an average price of $67.59 per share, for a total transaction of $202,770.00. Following the completion of the transaction, the chief executive officer now owns 90,880 shares in the company, valued at approximately $6,142,579.20. The disclosure for this purchase can be found here. 0.48% of the stock is currently owned by insiders.

A number of large investors have recently added to or reduced their stakes in TCBI. Millennium Management LLC boosted its position 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 valued at $125,507,000 after buying an additional 1,355,251 shares in the last quarter. Standard Life Aberdeen plc boosted its position 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 valued at $43,162,000 after buying an additional 185,407 shares in the last quarter. Paloma Partners Management Co boosted its position 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 valued at $13,649,000 after buying an additional 142,538 shares in the last quarter. Frontier Capital Management Co. LLC boosted its position in Texas Capital Bancshares by 31.0% in the second quarter. Frontier Capital Management Co. LLC now owns 513,791 shares of the bank’s stock valued at $47,012,000 after buying an additional 121,624 shares in the last quarter. Finally, WINTON GROUP Ltd boosted its position in Texas Capital Bancshares by 3,729.3% in the second quarter. WINTON GROUP Ltd now owns 106,378 shares of the bank’s stock valued at $9,734,000 after buying an additional 103,600 shares in 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.

See Also: Stock Symbols Definition, Examples, Lookup

Analyst Recommendations for Texas Capital Bancshares (NASDAQ:TCBI)

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.

Leave a Reply