Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) have been assigned an average recommendation of “Hold” from the sixteen brokerages that are covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $74.00.

Several equities research analysts have commented on TCBI shares. Bank of America raised shares of Texas Capital Bancshares from an “underperform” rating to a “buy” rating and upped their target price for the company from $51.00 to $77.00 in a research note on Monday, September 9th. JPMorgan Chase & Co. upped their price target on shares of Texas Capital Bancshares from $72.00 to $80.00 and gave the company an “underweight” rating in a report on Friday, October 18th. Stephens upped their price target on shares of Texas Capital Bancshares from $73.00 to $75.00 and gave the company an “overweight” rating in a report on Friday, July 19th. Wedbush reiterated a “sector perform” rating on shares of Texas Capital Bancshares in a report on Friday, October 18th. Finally, Barclays upped their price target on shares of Texas Capital Bancshares from $49.00 to $60.00 and gave the company an “underweight” rating in a report on Friday, October 18th.

Insiders Place Their Bets

In other news, Director Robert W. Stallings acquired 20,000 shares of Texas Capital Bancshares stock in a transaction on Tuesday, October 22nd. The shares were purchased at an average cost of $21.28 per share, for a total transaction of $425,600.00. Following the completion of the purchase, the director now directly owns 84,587 shares of the company’s stock, valued at approximately $1,800,011.36. This represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.99% of the company’s stock.

Institutional Investors Weigh In On Texas Capital Bancshares

Several hedge funds have recently added to or reduced their stakes in TCBI. BNP Paribas Financial Markets boosted its position in Texas Capital Bancshares by 73.0% during the 1st quarter. BNP Paribas Financial Markets now owns 25,489 shares of the bank’s stock worth $1,569,000 after buying an additional 10,752 shares during the period. Capstone Investment Advisors LLC boosted its position in Texas Capital Bancshares by 43.6% during the 1st quarter. Capstone Investment Advisors LLC now owns 10,111 shares of the bank’s stock worth $622,000 after buying an additional 3,070 shares during the period. Fidelis Capital Partners LLC acquired a new stake in Texas Capital Bancshares during the 1st quarter worth approximately $54,000. Central Pacific Bank Trust Division acquired a new stake in Texas Capital Bancshares during the 1st quarter worth approximately $438,000. Finally, SG Americas Securities LLC boosted its position in Texas Capital Bancshares by 40.4% during the 1st quarter. SG Americas Securities LLC now owns 3,932 shares of the bank’s stock worth $242,000 after buying an additional 1,131 shares during the period. 96.88% of the stock is currently owned by institutional investors and hedge funds.

Texas Capital Bancshares Stock Down 2.9 %

Shares of NASDAQ:TCBI opened at $82.97 on Friday. Texas Capital Bancshares has a 52 week low of $53.16 and a 52 week high of $86.00. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market capitalization of $3.83 billion, a PE ratio of 460.94, a PEG ratio of 0.72 and a beta of 1.12. The company has a 50 day moving average price of $73.32 and a two-hundred day moving average price of $65.46.

Texas Capital Bancshares Company Profile

Texas Capital Bancshares, Inc operates as the bank holding company for Texas Capital Bank, is a full-service financial services firm that delivers customized solutions to businesses, entrepreneurs, and individual customers. The company offers commercial banking; consumer banking; investment banking solutions, including capital markets, mergers and acquisitions, and syndicated finance, as well as financial sponsor coverage, capital solutions, and institutional services; and wealth management services, such as investment management, financial planning, lockbox and insurance, securities-based lending, estate planning, and business succession, as well as philanthropic, trustee and executor, custom credit, and depository services.