Texas Capital Bancshares, Inc. (TCBI) Price Target Raised to $95.00 at Deutsche Bank AG
Texas Capital Bancshares, Inc. (NASDAQ:TCBI) had its price objective increased by Deutsche Bank AG from $93.00 to $95.00 in a report issued on Wednesday morning. They currently have a hold rating on the bank’s stock.
Other research analysts have also issued reports about the stock. BidaskClub lowered shares of Texas Capital Bancshares from a sell rating to a strong sell rating in a research note on Monday, August 14th. Barclays PLC reiterated an equal weight rating and set a $80.00 price target (up from $75.00) on shares of Texas Capital Bancshares in a research note on Wednesday, July 12th. Jefferies Group LLC reiterated a buy rating and set a $104.00 price target on shares of Texas Capital Bancshares in a research note on Friday, July 14th. Zacks Investment Research lowered shares of Texas Capital Bancshares from a buy rating to a hold rating in a research note on Thursday, July 13th. Finally, ValuEngine lowered shares of Texas Capital Bancshares from a buy rating to a hold rating in a research report on Thursday, July 20th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of Hold and a consensus target price of $91.53.
Shares of Texas Capital Bancshares (TCBI) traded down $1.65 during trading on Wednesday, hitting $80.40. 366,405 shares of the stock were exchanged, compared to its average volume of 533,229. Texas Capital Bancshares has a twelve month low of $63.00 and a twelve month high of $93.35. The company has a current ratio of 1.27, a quick ratio of 1.22 and a debt-to-equity ratio of 1.44. The firm has a market capitalization of $4,076.82, a price-to-earnings ratio of 21.34, a price-to-earnings-growth ratio of 1.70 and a beta of 1.67.
Texas Capital Bancshares (NASDAQ:TCBI) last issued its quarterly earnings results on Wednesday, October 18th. The bank reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.01. Texas Capital Bancshares had a net margin of 22.50% and a return on equity of 10.40%. The business had revenue of $204.40 million for the quarter, compared to analyst estimates of $214.08 million. During the same period in the previous year, the business posted $0.87 earnings per share. The business’s revenue was up 11.7% compared to the same quarter last year. equities analysts forecast that Texas Capital Bancshares will post 4.04 EPS for the current fiscal year.
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In other Texas Capital Bancshares news, COO Peter B. Bartholow sold 3,500 shares of the company’s stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $87.52, for a total value of $306,320.00. Following the sale, the chief operating officer now owns 34,171 shares of the company’s stock, valued at $2,990,645.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider C Keith Cargill purchased 3,000 shares of Texas Capital Bancshares stock in a transaction on Friday, August 11th. The stock was acquired at an average cost of $74.15 per share, for a total transaction of $222,450.00. Following the acquisition, the insider now directly owns 80,286 shares of the company’s stock, valued at $5,953,206.90. The disclosure for this purchase can be found here. 0.47% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently made changes to their positions in TCBI. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Texas Capital Bancshares during the third quarter valued at approximately $101,000. Exane Derivatives purchased a new position in shares of Texas Capital Bancshares during the second quarter valued at approximately $125,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Texas Capital Bancshares by 14.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,018 shares of the bank’s stock valued at $156,000 after buying an additional 248 shares during the period. Hilton Capital Management LLC purchased a new position in shares of Texas Capital Bancshares during the second quarter valued at approximately $201,000. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of Texas Capital Bancshares during the second quarter valued at approximately $201,000. 99.81% of the stock is currently owned by institutional investors and hedge funds.
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.
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