Texas Capital Bancshares Inc. (NASDAQ:TCBI) was downgraded by analysts at Deutsche Bank AG from a “buy” rating to a “hold” rating in a research report issued on Friday. They currently have a $66.00 target price on the stock. Deutsche Bank AG’s target price indicates a potential downside of 4.35% from the company’s current price.

A number of other research firms have also recently commented on TCBI. Zacks Investment Research raised Texas Capital Bancshares from a “hold” rating to a “buy” rating and set a $67.00 price target for the company in a report on Tuesday, October 25th. TheStreet raised Texas Capital Bancshares from a “hold” rating to a “buy” rating in a report on Tuesday, October 25th. Wedbush began coverage on Texas Capital Bancshares in a report on Thursday, October 6th. They set a “neutral” rating and a $54.00 price target for the company. Barclays PLC boosted their price target on Texas Capital Bancshares from $52.00 to $58.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 11th. Finally, Raymond James Financial Inc. raised Texas Capital Bancshares from an “outperform” rating to a “strong-buy” rating and set a $68.00 price target for the company in a report on Thursday, November 3rd. Fifteen investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $53.94.

Analyst Recommendations for Texas Capital Bancshares (NASDAQ:TCBI)

Texas Capital Bancshares (NASDAQ:TCBI) opened at 69.00 on Friday. Texas Capital Bancshares has a one year low of $29.78 and a one year high of $71.83. The company has a market cap of $3.17 billion, a PE ratio of 24.30 and a beta of 1.29. The firm’s 50-day moving average price is $57.98 and its 200-day moving average price is $51.10.

Texas Capital Bancshares (NASDAQ:TCBI) last posted its quarterly earnings results on Thursday, October 20th. The company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.01. Texas Capital Bancshares had a return on equity of 9.15% and a net margin of 19.24%. During the same quarter in the previous year, the company posted $0.75 earnings per share. On average, equities research analysts forecast that Texas Capital Bancshares will post $3.04 earnings per share for the current fiscal year.

In other news, Director Steve Rosenberg sold 1,241 shares of the stock in a transaction that occurred on Wednesday, October 26th. The stock was sold at an average price of $59.27, for a total value of $73,554.07. Following the completion of the sale, the director now directly owns 45,314 shares of the company’s stock, valued at $2,685,760.78. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director James H. Browning sold 2,500 shares of the stock in a transaction that occurred on Thursday, September 1st. The stock was sold at an average price of $52.55, for a total value of $131,375.00. Following the completion of the sale, the director now directly owns 8,314 shares of the company’s stock, valued at $436,900.70. The disclosure for this sale can be found here. 1.08% of the stock is owned by insiders.

Several hedge funds have recently modified their holdings of TCBI. TIAA CREF Investment Management LLC increased its stake in shares of Texas Capital Bancshares by 13.8% in the first quarter. TIAA CREF Investment Management LLC now owns 170,460 shares of the company’s stock valued at $6,542,000 after buying an additional 20,675 shares during the period. BlackRock Inc. increased its stake in shares of Texas Capital Bancshares by 97.3% in the first quarter. BlackRock Inc. now owns 3,097 shares of the company’s stock valued at $118,000 after buying an additional 1,527 shares during the period. BlackRock Group LTD increased its stake in shares of Texas Capital Bancshares by 7.5% in the first quarter. BlackRock Group LTD now owns 56,280 shares of the company’s stock valued at $2,160,000 after buying an additional 3,906 shares during the period. BlackRock Institutional Trust Company N.A. increased its stake in shares of Texas Capital Bancshares by 0.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,159,603 shares of the company’s stock valued at $44,506,000 after buying an additional 3,610 shares during the period. Finally, State Street Corp increased its stake in shares of Texas Capital Bancshares by 23.4% in the first quarter. State Street Corp now owns 2,231,426 shares of the company’s stock valued at $85,639,000 after buying an additional 423,320 shares during the period.

Texas Capital Bancshares Company Profile

Texas Capital Bancshares, Inc is a bank holding and a financial holding company. The Company is the parent of Texas Capital Bank, National Association (the Bank). It offers a range of loans, deposit accounts and other financial products and services. It offers commercial loans for general corporate purposes, including financing for working capital, internal growth, acquisitions and financing for business insurance premiums; real estate term and construction loans; mortgage finance lending; equipment leasing; treasury management services; wealth management and trust services, and letters of credit.

5 Day Chart for NASDAQ:TCBI

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