Texas Capital Bancshares Inc. (NASDAQ:TCBI) was downgraded by analysts at Compass Point from a “buy” rating to a “neutral” rating in a research note issued to investors on Friday.

TCBI has been the topic of several other research reports. Zacks Investment Research raised Texas Capital Bancshares from a “hold” rating to a “buy” rating and set a $67.00 price objective on the stock in a report on Tuesday, October 25th. Deutsche Bank AG raised their price objective on Texas Capital Bancshares from $56.00 to $66.00 and gave the stock a “buy” rating in a report on Tuesday, October 11th. Raymond James Financial Inc. raised Texas Capital Bancshares from an “outperform” rating to a “strong-buy” rating and set a $68.00 price objective on the stock in a report on Thursday, November 3rd. TheStreet lowered Texas Capital Bancshares from a “buy” rating to a “hold” rating in a report on Tuesday, August 2nd. Finally, Wedbush began coverage on Texas Capital Bancshares in a report on Thursday, October 6th. They set a “neutral” rating and a $54.00 price objective on the stock. Sixteen analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Texas Capital Bancshares 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 71.80 on Friday. The company has a 50 day moving average price of $59.46 and a 200 day moving average price of $51.56. The stock has a market cap of $3.30 billion, a price-to-earnings ratio of 25.28 and a beta of 1.29. Texas Capital Bancshares has a 52 week low of $29.78 and a 52 week high of $72.25.

Texas Capital Bancshares (NASDAQ:TCBI) last issued its quarterly earnings data on Thursday, October 20th. The company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate 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 last year, the business earned $0.75 EPS. Analysts expect that Texas Capital Bancshares will post $3.04 EPS for the current fiscal year.

In other Texas Capital Bancshares news, Director Steve Rosenberg sold 1,241 shares of the stock in a transaction dated Wednesday, October 26th. The shares were sold at an average price of $59.27, for a total value of $73,554.07. Following the completion of the transaction, 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 filing with the SEC, which is available at this link. Also, Director James H. Browning sold 2,500 shares of the stock in a transaction dated Thursday, September 1st. The shares were sold at an average price of $52.55, for a total transaction of $131,375.00. Following the completion of the transaction, 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 currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Channing Capital Management LLC boosted its position in shares of Texas Capital Bancshares by 101.1% in the second quarter. Channing Capital Management LLC now owns 905,504 shares of the company’s stock worth $42,341,000 after buying an additional 455,292 shares during the period. Frontier Capital Management Co. LLC boosted its position in shares of Texas Capital Bancshares by 69.7% in the second quarter. Frontier Capital Management Co. LLC now owns 657,166 shares of the company’s stock worth $30,729,000 after buying an additional 269,946 shares during the period. Rothschild Asset Management Inc. bought a new position in shares of Texas Capital Bancshares during the third quarter worth about $14,251,000. BlackRock Fund Advisors boosted its position in shares of Texas Capital Bancshares by 8.0% in the third quarter. BlackRock Fund Advisors now owns 3,256,928 shares of the company’s stock worth $178,870,000 after buying an additional 241,599 shares during the period. Finally, Lord Abbett & CO. LLC bought a new position in shares of Texas Capital Bancshares during the second quarter worth about $9,866,000.

About Texas Capital Bancshares

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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