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

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) has earned an average recommendation of “Hold” from the fourteen ratings firms that are covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $84.10.

A number of equities research analysts have issued reports on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Texas Capital Bancshares in a research note on Wednesday, October 8th. Cowen assumed coverage on shares of Texas Capital Bancshares in a research note on Wednesday, September 24th. They issued a “hold” rating for the company. Barclays set a $85.00 price objective on shares of Texas Capital Bancshares and gave the company an “underweight” rating in a research note on Wednesday, October 8th. Citigroup lifted their price objective on shares of Texas Capital Bancshares from $69.00 to $79.00 and gave the company a “sell” rating in a research note on Friday, July 18th. Finally, Wall Street Zen raised shares of Texas Capital Bancshares from a “sell” rating to a “hold” rating in a research note on Sunday, July 13th.

Texas Capital Bancshares Trading Up 0.1%

Shares of NASDAQ:TCBI opened at $81.69 on Friday. The firm has a fifty day moving average of $85.09 and a two-hundred day moving average of $79.13. The firm has a market capitalization of $3.74 billion, a P/E ratio of 32.42, a price-to-earnings-growth ratio of 0.65 and a beta of 0.67. Texas Capital Bancshares has a 12-month low of $59.37 and a 12-month high of $94.61. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.19.

Institutional Investors Weigh In On Texas Capital Bancshares

Several institutional investors and hedge funds have recently modified their holdings of TCBI. GAMMA Investing LLC lifted its stake in shares of Texas Capital Bancshares by 127.0% in the 1st quarter. GAMMA Investing LLC now owns 831 shares of the bank’s stock valued at $62,000 after purchasing an additional 465 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in Texas Capital Bancshares in the 1st quarter worth $528,000. Bessemer Group Inc. lifted its position in Texas Capital Bancshares by 4.2% during the 1st quarter. Bessemer Group Inc. now owns 247,416 shares of the bank’s stock worth $18,482,000 after acquiring an additional 9,953 shares during the last quarter. Lisanti Capital Growth LLC acquired a new position in Texas Capital Bancshares during the 1st quarter worth $1,417,000. Finally, Teacher Retirement System of Texas acquired a new position in Texas Capital Bancshares during the 1st quarter worth $505,000. Institutional investors and hedge funds own 96.88% of the company’s stock.

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.