Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) have been given an average recommendation of “Hold” by the eighteen analysts that are covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $91.67.

A number of equities analysts recently commented on the stock. BidaskClub cut shares of Texas Capital Bancshares from a “sell” rating to a “strong sell” rating in a research report on Monday, August 14th. SunTrust Banks reiterated a “buy” rating and issued a $100.00 target price on shares of Texas Capital Bancshares in a research report on Wednesday. Zacks Investment Research cut shares of Texas Capital Bancshares from a “buy” rating to a “hold” rating in a research report on Wednesday, September 20th. ValuEngine cut shares of Texas Capital Bancshares from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, Wedbush cut shares of Texas Capital Bancshares from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $88.00 to $87.00 in a research report on Wednesday, October 4th. They noted that the move was a valuation call.

In other Texas Capital Bancshares news, COO Peter B. Bartholow sold 3,500 shares of the business’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 transaction, the chief operating officer now owns 34,171 shares in the company, valued at $2,990,645.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.47% of the stock is currently owned by insiders.

Several hedge funds have recently added to or reduced their stakes in TCBI. LS Investment Advisors LLC increased its position in shares of Texas Capital Bancshares by 26.3% in the second quarter. LS Investment Advisors LLC now owns 3,944 shares of the bank’s stock valued at $305,000 after acquiring an additional 821 shares during the period. Aperio Group LLC increased its position in shares of Texas Capital Bancshares by 5.6% in the second quarter. Aperio Group LLC now owns 11,662 shares of the bank’s stock valued at $903,000 after acquiring an additional 617 shares during the period. State Treasurer State of Michigan increased its position in shares of Texas Capital Bancshares by 1.5% in the second quarter. State Treasurer State of Michigan now owns 20,400 shares of the bank’s stock valued at $1,579,000 after acquiring an additional 300 shares during the period. US Bancorp DE increased its position in shares of Texas Capital Bancshares by 5.5% in the second quarter. US Bancorp DE now owns 4,032 shares of the bank’s stock valued at $312,000 after acquiring an additional 211 shares during the period. Finally, ING Groep NV purchased a new position in shares of Texas Capital Bancshares in the second quarter valued at about $467,000.

Shares of Texas Capital Bancshares (TCBI) traded down $0.45 during trading hours on Thursday, reaching $90.35. 610,820 shares of the company were exchanged, compared to its average volume of 526,705. The stock has a market cap of $4,315.03, a PE ratio of 22.58, a PEG ratio of 1.80 and a beta of 1.67. Texas Capital Bancshares has a one year low of $69.50 and a one year high of $93.35. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.22 and a current ratio of 1.27.

Texas Capital Bancshares (NASDAQ:TCBI) last issued its earnings results on Wednesday, October 18th. The bank reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.01. The company had revenue of $204.40 million for the quarter, compared to analysts’ expectations of $214.08 million. Texas Capital Bancshares had a net margin of 22.50% and a return on equity of 10.40%. The firm’s revenue was up 11.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.87 EPS. equities research analysts predict that Texas Capital Bancshares will post 4.03 EPS for the current fiscal year.

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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 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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