Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Receives $105.83 Consensus Target Price from Analysts

Texas Capital Bancshares, Inc. (NASDAQ:TCBIGet Free Report) has earned an average recommendation of “Hold” from the thirteen analysts that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $105.8333.

TCBI has been the topic of a number of analyst reports. Piper Sandler raised their price target on Texas Capital Bancshares from $96.00 to $100.00 and gave the company a “neutral” rating in a research note on Friday, April 24th. Barclays raised Texas Capital Bancshares from an “underweight” rating to an “equal weight” rating and set a $100.00 price objective for the company in a research report on Monday, August 3rd. JPMorgan Chase & Co. increased their price objective on Texas Capital Bancshares from $105.00 to $110.00 and gave the company an “underweight” rating in a report on Wednesday, July 1st. Wall Street Zen lowered Texas Capital Bancshares from a “hold” rating to a “sell” rating in a research report on Saturday, June 27th. Finally, Citigroup boosted their target price on Texas Capital Bancshares from $105.00 to $107.00 and gave the stock a “neutral” rating in a research note on Friday, July 24th.

Check Out Our Latest Report on Texas Capital Bancshares

Texas Capital Bancshares Trading Up 0.2%

Shares of NASDAQ:TCBI opened at $101.02 on Thursday. Texas Capital Bancshares has a 52 week low of $75.41 and a 52 week high of $108.92. The company’s 50 day moving average is $101.48 and its two-hundred day moving average is $99.76. The company has a market cap of $4.39 billion, a PE ratio of 13.14, a P/E/G ratio of 1.23 and a beta of 0.68. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.15.

Texas Capital Bancshares (NASDAQ:TCBIGet Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The bank reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.87 by $0.01. The business had revenue of $335.50 million during the quarter, compared to analysts’ expectations of $333.37 million. Texas Capital Bancshares had a net margin of 17.90% and a return on equity of 10.86%. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.63 EPS. Equities analysts predict that Texas Capital Bancshares will post 7.39 earnings per share for the current fiscal year.

Texas Capital Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.80 dividend on an annualized basis and a yield of 0.8%. Texas Capital Bancshares’s dividend payout ratio (DPR) is presently 10.40%.

Insider Transactions at Texas Capital Bancshares

In other news, insider Anna M. Alvarado sold 3,500 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $100.95, for a total transaction of $353,325.00. Following the completion of the sale, the insider owned 23,810 shares in the company, valued at approximately $2,403,619.50. The trade was a 12.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ellen Detrich sold 2,045 shares of the company’s stock in a transaction on Friday, July 24th. The shares were sold at an average price of $100.03, for a total transaction of $204,561.35. Following the completion of the transaction, the insider owned 7,529 shares of the company’s stock, valued at approximately $753,125.87. The trade was a 21.36% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 104,145 shares of company stock worth $10,570,584. 1.91% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Texas Capital Bancshares

Large investors have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Texas Capital Bancshares by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,603 shares of the bank’s stock worth $2,062,000 after purchasing an additional 1,206 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Texas Capital Bancshares by 3.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 560,070 shares of the bank’s stock valued at $41,837,000 after purchasing an additional 20,231 shares during the last quarter. United Services Automobile Association acquired a new stake in shares of Texas Capital Bancshares in the 1st quarter valued at about $230,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Texas Capital Bancshares by 29.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 107,761 shares of the bank’s stock valued at $8,050,000 after purchasing an additional 24,538 shares during the period. Finally, Invesco Ltd. boosted its position in shares of Texas Capital Bancshares by 34.0% in the 2nd quarter. Invesco Ltd. now owns 149,559 shares of the bank’s stock valued at $11,875,000 after purchasing an additional 37,982 shares during the period. Institutional investors and hedge funds own 96.88% of the company’s stock.

About Texas Capital Bancshares

(Get Free Report)

Texas Capital Bancshares, Inc is a bank holding company headquartered in Dallas, Texas, operating through its wholly owned subsidiary, Texas Capital Bank. The company specializes in providing commercial banking services to middle-market companies, entrepreneurs, professional service firms, real estate developers, and not-for-profit organizations. Its broad range of offerings includes commercial lending, treasury and cash management, real estate finance, equipment finance, and energy lending, all designed to address the unique financial needs of businesses navigating growth and market challenges.

In addition to its core commercial banking capabilities, Texas Capital Bancshares delivers private banking and wealth management services for business owners and high-net-worth individuals.

Further Reading

Analyst Recommendations for Texas Capital Bancshares (NASDAQ:TCBI)

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