Analysts at Royal Bank Of Canada started coverage on shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) in a research report issued on Wednesday. The firm set an “outperform” rating and a $90.00 price target on the bank’s stock. Royal Bank Of Canada’s price objective indicates a potential upside of 28.66% from the stock’s current price.

A number of other brokerages also recently commented on TCBI. ValuEngine raised shares of Texas Capital Bancshares from a “hold” rating to a “buy” rating in a research report on Tuesday, June 27th. BidaskClub downgraded shares of Texas Capital Bancshares from a “sell” rating to a “strong sell” rating in a research report on Monday, August 14th. Stephens reissued a “hold” rating and issued a $84.00 price objective on shares of Texas Capital Bancshares in a research report on Thursday, July 20th. Zacks Investment Research downgraded shares of Texas Capital Bancshares from a “buy” rating to a “hold” rating in a research report on Friday, July 7th. Finally, Hovde Group lifted their price objective on shares of Texas Capital Bancshares from $85.00 to $86.00 and gave the company a “market perform” rating in a research report on Tuesday, August 1st. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $86.86.

Texas Capital Bancshares (NASDAQ:TCBI) opened at 70.30 on Wednesday. Texas Capital Bancshares has a 52-week low of $50.66 and a 52-week high of $93.35. The firm’s 50-day moving average is $76.19 and its 200-day moving average is $78.79. The firm has a market cap of $3.49 billion, a price-to-earnings ratio of 19.51 and a beta of 1.67.

Texas Capital Bancshares (NASDAQ:TCBI) last announced its quarterly earnings data on Wednesday, July 19th. The bank reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.03. Texas Capital Bancshares had a net margin of 21.84% and a return on equity of 10.01%. The company had revenue of $201.73 million during the quarter, compared to the consensus estimate of $197.10 million. During the same quarter last year, the firm posted $0.78 EPS. Analysts forecast that Texas Capital Bancshares will post $4.01 EPS for the current fiscal year.

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In other Texas Capital Bancshares news, insider C Keith Cargill acquired 3,000 shares of the company’s stock in a transaction on Friday, August 11th. The stock was acquired at an average price of $74.15 per share, for a total transaction of $222,450.00. Following the purchase, the insider now directly owns 80,286 shares of the company’s stock, valued at $5,953,206.90. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.47% of the stock is owned by insiders.

Institutional investors have recently modified their holdings of the business. Schwab Charles Investment Management Inc. raised its stake in Texas Capital Bancshares by 14.8% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 240,371 shares of the bank’s stock worth $20,059,000 after purchasing an additional 30,906 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in Texas Capital Bancshares by 79.8% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 32,083 shares of the bank’s stock worth $2,483,000 after purchasing an additional 14,241 shares in the last quarter. US Bancorp DE raised its stake in Texas Capital Bancshares by 5.5% in the 2nd quarter. US Bancorp DE now owns 4,032 shares of the bank’s stock worth $312,000 after purchasing an additional 211 shares in the last quarter. California Public Employees Retirement System raised its stake in Texas Capital Bancshares by 1.2% in the 1st quarter. California Public Employees Retirement System now owns 86,100 shares of the bank’s stock worth $7,185,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Eagle Asset Management Inc. raised its stake in Texas Capital Bancshares by 6.9% in the 1st quarter. Eagle Asset Management Inc. now owns 60,623 shares of the bank’s stock worth $5,058,000 after purchasing an additional 3,927 shares in 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 loan, deposit account and other financial products and services to its customers. It offers a range of products and services for its business customers, including commercial loans for general corporate purposes, including financing for working capital, internal growth, acquisitions and financing for business insurance premiums; medium- and long-term tax-exempt loans for municipalities and other governmental and tax-exempt entities; wealth management and trust services, and letters of credit.

Analyst Recommendations for Texas Capital Bancshares (NASDAQ:TCBI)

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