Texas Capital Bancshares, Inc. (TCBI) Given Average Rating of “Hold” by Analysts
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.
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.
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.
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