Shares of Texas Capital Bancshares Inc. (NASDAQ:TCBI) have been assigned an average recommendation of “Hold” from the twenty-one brokerages that are presently covering the firm. Sixteen investment analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $53.67.

A number of research analysts have commented on the company. Deutsche Bank AG downgraded Texas Capital Bancshares from a “buy” rating to a “hold” rating and set a $66.00 target price on the stock. in a report on Friday, November 11th. Barclays PLC increased their target price 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. Wedbush assumed coverage on Texas Capital Bancshares in a report on Thursday, October 6th. They set a “neutral” rating and a $54.00 target price on the stock. Compass Point downgraded Texas Capital Bancshares from a “buy” rating to a “neutral” rating in a report on Friday. Finally, Zacks Investment Research downgraded Texas Capital Bancshares from a “buy” rating to a “hold” rating in a report on Monday, October 31st.

Shares of Texas Capital Bancshares (NASDAQ:TCBI) opened at 72.55 on Tuesday. The stock has a market capitalization of $3.34 billion, a P/E ratio of 25.55 and a beta of 1.29. Texas Capital Bancshares has a 1-year low of $29.78 and a 1-year high of $73.10. The company has a 50 day moving average price of $59.64 and a 200-day moving average price of $51.60.

Texas Capital Bancshares (NASDAQ:TCBI) last issued its quarterly earnings results on Thursday, October 20th. The company reported $0.87 EPS for the quarter, beating 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 period in the prior year, the company earned $0.75 earnings per share. On average, equities research analysts forecast that Texas Capital Bancshares will post $3.04 EPS for the current fiscal year.

In other news, Director James H. Browning sold 2,500 shares of the firm’s stock in a transaction on Thursday, September 1st. The stock was sold at an average price of $52.55, for a total transaction 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 approximately $436,900.70. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Steve Rosenberg sold 1,241 shares of the firm’s stock in a transaction 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 sale, the director now directly owns 45,314 shares of the company’s stock, valued at $2,685,760.78. The disclosure for this sale can be found here. Insiders own 1.08% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Channing Capital Management LLC raised its stake in Texas Capital Bancshares by 101.1% in the second quarter. Channing Capital Management LLC now owns 905,504 shares of the company’s stock valued at $42,341,000 after buying an additional 455,292 shares in the last quarter. State Street Corp boosted 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. Frontier Capital Management Co. LLC boosted its stake 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 valued at $30,729,000 after buying an additional 269,946 shares during the period. Rothschild Asset Management Inc. acquired a new stake in shares of Texas Capital Bancshares during the third quarter valued at approximately $14,251,000. Finally, BlackRock Fund Advisors boosted its stake 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 valued at $178,870,000 after buying an additional 241,599 shares during the period.

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.

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