Texas Capital Bancshares Inc. (NASDAQ:TCBI) had its price target upped by investment analysts at Wedbush from $67.00 to $70.00 in a research note issued on Wednesday. The brokerage presently has a “neutral” rating on the stock. Wedbush’s price target indicates a potential downside of 1.82% from the stock’s current price.

Other research analysts have also issued reports about the stock. Deutsche Bank AG lifted their price target on shares of Texas Capital Bancshares from $56.00 to $66.00 and gave the company a “buy” rating in a research report on Tuesday, October 11th. TheStreet raised shares of Texas Capital Bancshares from a “hold” rating to a “buy” rating in a research report on Tuesday, October 25th. Zacks Investment Research raised shares of Texas Capital Bancshares from a “hold” rating to a “buy” rating and set a $67.00 price target on the stock in a research report on Tuesday, October 25th. Barclays PLC lifted 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 research report on Tuesday, October 11th. Finally, DA Davidson lowered shares of Texas Capital Bancshares from a “buy” rating to a “neutral” rating in a research report on Wednesday. Seventeen research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $54.83.

Analyst Recommendations for Texas Capital Bancshares (NASDAQ:TCBI)

Shares of Texas Capital Bancshares (NASDAQ:TCBI) opened at 71.30 on Wednesday. The company has a market cap of $3.28 billion, a PE ratio of 25.11 and a beta of 1.29. Texas Capital Bancshares has a 12 month low of $29.78 and a 12 month high of $75.85. The firm’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 earnings results on Thursday, October 20th. The company reported $0.87 earnings per share for the quarter, topping the Zacks’ 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 business posted $0.75 EPS. Equities research analysts anticipate that Texas Capital Bancshares will post $3.04 earnings per share for the current fiscal year.

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In other Texas Capital Bancshares news, Director Steve Rosenberg sold 1,241 shares of the company’s stock in a transaction on 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 owns 45,314 shares in the company, valued at $2,685,760.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James H. Browning sold 2,500 shares of the company’s stock in a transaction on 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 owns 8,314 shares of the company’s stock, valued at approximately $436,900.70. The disclosure for this sale can be found here. 1.08% of the stock is currently owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Wellington Management Group LLP boosted its stake in shares of Texas Capital Bancshares by 7.6% in the first quarter. Wellington Management Group LLP now owns 404,210 shares of the company’s stock worth $15,513,000 after buying an additional 28,632 shares during the last quarter. Panagora Asset Management Inc. boosted its stake in shares of Texas Capital Bancshares by 6.0% in the first quarter. Panagora Asset Management Inc. now owns 138,241 shares of the company’s stock worth $5,306,000 after buying an additional 7,769 shares during the last quarter. Royal Bank of Canada boosted its stake in shares of Texas Capital Bancshares by 10.0% in the first quarter. Royal Bank of Canada now owns 728,272 shares of the company’s stock worth $27,951,000 after buying an additional 66,152 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of Texas Capital Bancshares by 21.5% in the second quarter. BNP Paribas Arbitrage SA now owns 31,124 shares of the company’s stock worth $1,455,000 after buying an additional 5,499 shares during the last quarter. Finally, GW&K Investment Management LLC boosted its stake in shares of Texas Capital Bancshares by 0.5% in the second quarter. GW&K Investment Management LLC now owns 840,464 shares of the company’s stock worth $39,300,000 after buying an additional 3,780 shares during the last quarter.

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.

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