Texas Capital Bancshares Inc. (NASDAQ:TCBI) was downgraded by equities researchers at DA Davidson from a “buy” rating to a “neutral” rating in a research note issued on Wednesday. They currently have a $78.00 target price on the stock. DA Davidson’s target price would suggest a potential upside of 9.40% from the company’s previous close. The analysts noted that the move was a valuation call.

A number of other equities research analysts have also weighed in on TCBI. TheStreet lowered shares of Texas Capital Bancshares from a “buy” rating to a “hold” rating in a report on Tuesday, August 2nd. Wedbush started coverage on shares of Texas Capital Bancshares in a report on Thursday, October 6th. They set a “neutral” rating and a $54.00 price target for the company. Deutsche Bank AG raised their price target on shares of Texas Capital Bancshares from $56.00 to $66.00 and gave the company a “buy” rating in a report on Tuesday, October 11th. Barclays PLC raised their price target on shares of Texas Capital Bancshares from $52.00 to $58.00 and gave the company an “equal weight” rating in a report on Tuesday, October 11th. Finally, Zacks Investment Research raised shares of 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. Seventeen equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $56.50.

Analyst Recommendations for Texas Capital Bancshares (NASDAQ:TCBI)

Texas Capital Bancshares (NASDAQ:TCBI) traded up 1.508% on Wednesday, reaching $72.375. 250,023 shares of the company’s stock were exchanged. The firm has a market capitalization of $3.33 billion, a price-to-earnings ratio of 25.484 and a beta of 1.29. Texas Capital Bancshares has a 1-year low of $29.78 and a 1-year high of $75.85. The stock’s 50 day moving average price is $62.72 and its 200 day moving average price is $53.08.

Texas Capital Bancshares (NASDAQ:TCBI) last released 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 net margin of 19.24% and a return on equity of 9.15%. During the same period last year, the company earned $0.75 earnings per share. On average, analysts expect that Texas Capital Bancshares will post $3.04 earnings per share for the current year.

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In other Texas Capital Bancshares news, Director Steve Rosenberg sold 1,241 shares of the firm’s stock in a transaction dated Wednesday, October 26th. The shares were sold at an average price of $59.27, for a total transaction of $73,554.07. Following the transaction, the director now owns 45,314 shares of the company’s stock, valued at approximately $2,685,760.78. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director James H. Browning sold 2,500 shares of the firm’s 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 transaction, the director now directly owns 8,314 shares in the company, valued at approximately $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 institutional investors have recently added to or reduced their stakes in TCBI. Vanguard Group Inc. boosted its position in Texas Capital Bancshares by 2.4% in the second quarter. Vanguard Group Inc. now owns 3,639,949 shares of the company’s stock valued at $170,204,000 after buying an additional 84,045 shares during the last quarter. BlackRock Fund Advisors boosted its position in 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 last quarter. Alliancebernstein L.P. boosted its position in Texas Capital Bancshares by 12.4% in the second quarter. Alliancebernstein L.P. now owns 1,476,526 shares of the company’s stock valued at $69,042,000 after buying an additional 162,437 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Texas Capital Bancshares by 0.7% in the second quarter. Dimensional Fund Advisors LP now owns 1,366,452 shares of the company’s stock valued at $63,894,000 after buying an additional 9,023 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. boosted its position in Texas Capital Bancshares by 3.2% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 1,195,056 shares of the company’s stock valued at $65,632,000 after buying an additional 37,611 shares during the last quarter.

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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